World News
Jumbo Signs LOI with CMIH for LNG-Fuelled Heavy Lift Newbuild
Heavy lift shipping and offshore transportation contractor Jumbo says it has signed a Letter of Intent (LOI) with China Merchants Industry Holdings (CMIH) for the engineering and construction of a new dual-fuel DP2 Heavy Lift Crane Vessel (HLCV), featuring liquefied natural gas (LNG) propulsion.
Jumbo says the "innovative" HLCV, which has been designed with Ulstein Design and Solutions B.V., combines economic and technical efficiency.
"Environmental considerations and improved fuel efficiency are important to Jumbo," explained the company.
"These elements have been factored into this optimised HLCV design where the vessel will be powered by dual fuel engines and has the ability to run on natural gas."
The newbuild is slated for delivery in the first quarter of 2020.
"Despite the current offshore climate, we are committing to this industry long term," said Michael Kahn, Managing Director of Jumbo.
"Signing this Letter of Intent alongside CMIH, with their partnering mentality, is a key milestone for Jumbo's offshore division to further step-up, scale-up and diversify into the global offshore energy market."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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