World News
MPCC Receives Dual-Fuel Methanol Boxship
Norwegian shipping firm MPC Container Ships (MPCC) has received the first of the two 1,300 TEU capacity dual-fuel methanol container ships from Chinese shipyard Taizhou Sanfu Ship Engineering.
The NCL Vestland has been chartered to North Sea Container Line for a 15-year period, MPCC said in a LinkedIn post on Thursday.
It is equipped with MAN Energy Solutions’ dual-fuel methanol engines, enabling it to run on methanol and conventional marine fuels.
The second dual-fuel methanol vessel, NCL NordLand, is expected to be launched in coming months and will be chartered to North Sea Container Line.
Both vessels were ordered back in 2022, with a contract price of $39 million per vessel.
Methanol is gaining popularity among shipowners, but it has a lower energy content than conventional marine fuels. This means that methanol-fuelled vessels will need to burn more fuel for a voyage compared to conventional-fuelled vessels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 596.50 | 4.00 | 724.50 | 6.00 |
| Rotterdam | 549.00 | 1.50 | 700.50 | 5.00 |
| Houston | 585.00 | 3.50 | 758.50 | 10.50 |
| Fujairah | 587.50 | 1.50 | 775.50 | 1.50 |
| Global 20 Ports Average | 614.50 | 1.50 | 793.50 | 10.50 |
| Global 4 Ports Average | 579.50 | 1.00 | 740.00 | 5.00 |
| Global Average Bunker Price | 655.50 | 0.50 | 840.00 | 4.00 |
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