World News
Wartsila to Equip Vitol LNG Bunker Vessel With its Systems Technology
Tuesday December 17, 2024
An liquified natural gas bunker vessel has been ordered by commodity trading house Vitol.
The 12,500 cubic metre capacity ship is being built in a shipyard in China with systems technology supplied by engine manufacturer Wartsila Energy Solutions.
According to Wärtsilä, a firm with experience of producing small-scale LNG applications, it was its ability to "engineer, design and deliver a complete system, including the boil-off gas management, integrated fuel supply, custody transfer and bunkering transfer systems, [that] was central to the contract award".
LNG as bunker fuel has established itself as low-carbon alternative to oil-derived fuel over the medium term. Critics of the fuel point to its fossil-fuel base.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 613.00 | 7.00 | 752.50 | 4.50 |
| Rotterdam | 557.00 | 3.00 | 719.50 | 7.50 |
| Houston | 601.50 | 1.50 | 779.50 | 5.00 |
| Fujairah | 598.00 | 3.00 | 791.00 | 1.50 |
| Global 20 Ports Average | 620.50 | 4.00 | 817.00 | 5.00 |
| Global 4 Ports Average | 592.50 | 3.00 | 761.00 | 5.00 |
| Global Average Bunker Price | 657.50 | 3.50 | 851.00 | 3.50 |
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