World News
BP Announces Order for Six Bunker-Saving LNG Carriers [VIDEO]
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BP has announced that is set to take delivery of six new, "state-of-the-art" liquefied natural gas (LNG) tankers that will be approximately 25 percent more fuel efficient than their predecessors.
"These vessels will significantly increase BP's ability to safely transport LNG to anywhere in the world, directly supporting BP's global natural gas strategy," said Susan Dio, BP Shipping CEO.
"They also will be among the most fuel-efficient and technically advanced LNG tankers ever built."
KMarin and ICBC Financial Leasing Co., Ltd. (ICBC Leasing) are investing more than $1 billion in the tankers.
The vessels, which are set to join existing tankers in BP Shipping's fleet in 2018 and 2019, will help service a 20-year liquefaction contract with Texas' Freeport LNG, as well as other international LNG projects.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 646.50 | 5.50 | 773.50 | 11.50 |
| Rotterdam | 604.00 | 5.00 | 756.00 | 5.00 |
| Houston | 630.50 | 1.00 | 798.50 | 4.00 |
| Fujairah | 650.50 | 3.00 | 897.00 | 13.50 |
| Global 20 Ports Average | 662.50 | 1.00 | 858.50 | 0.50 |
| Global 4 Ports Average | 633.00 | 3.50 | 806.00 | 6.50 |
| Global Average Bunker Price | 718.50 | 0.50 | 914.00 | 1.00 |
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