World News
LR and HD Hyundai Mipo to Develop Large LNG Bunkering Vessel
Lloyd’s Register (LR) and HD Hyundai Mipo Dockyard (HMD) have launched a joint project to design a 22,000 m3 LNG bunkering vessel.
The project was marked by an approval in principle (AiP) ceremony at Gastech 2025 in Milan, LR said in a statement on its website on Tuesday.
The 22,000 m3 LNG bunkering vessel design boosts delivery capacity to cut bunkering time and costs. However, the large size may cause operational restrictions at certain ports.
“This collaboration demonstrates a joint effort to support the roll-out of the LNG bunkering supply chain," Sung-gu Park, President at LR’s North East Asia.
“By integrating technical development with regulatory standards, we can deliver safely, adequate volumes of LNG to ensure supply at scale for the growing LNG-fuelled fleet.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 2.50 | 700.50 | 0.50 |
| Rotterdam | 458.50 | 3.00 | 686.00 | 8.00 |
| Houston | 475.50 | 15.00 | 694.50 | 23.00 |
| Fujairah | 494.00 | 3.50 | 738.00 | 5.50 |
| Global 20 Ports Average | 523.00 | 1.50 | 773.50 | 8.50 |
| Global 4 Ports Average | 480.50 | 6.00 | 705.00 | 8.50 |
| Global Average Bunker Price | 563.00 | 1.50 | 811.00 | 0.50 |
Popular Now More
-
Sep 30Sonan Bunkers plans to add two new positions in Dubai and Central America as part of the expansion. -
Sep 24Oilmar's management is now in the process of taking over ownership of the company, CEO Yusif Mammadov said in a note to clients seen by Ship & Bunker.
-
Sep 29Hapag-Lloyd says it's been using biofuels in its container fleet since 2020.