World News
Frontline Completes 26th of 32 Planned Scrubber Installations
Tanker company Frontline has completed scrubber installations on 26 of its vessels so far, the company said Thursday.
The company plans to install a further six of the emissions-cleaning systems on its tankers "by the summer," it said in an earnings release published Thursday.
Once those are completed, 50% of the company's vessels will have the systems equipped, Frontline said.
A VLCC with a scrubber equipped can currently earn as much as $30,000/day, the company said.
Frontline owns a 17.4% stake in the newly merged scrubber manufacturer Clean Marine after its merger with FMSI earlier this year, it said.
The company also owns a 15% stake in TFG Marine, the new bunker supplier majority-owned by Trafigura and launched with them, Frontline and Golden Ocean earlier this year, it said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer.