World News
Graig Takes Delivery of Fuel-Efficient, Reduced Emissions Bulker
Shipping firm Graig Group said in a press release that on July 17, 2012 it took delivery of the first of two 35,000 dwt fuel-efficient handysize Bulk Carriers.
The Graig Cardiff which was built at Jiangdong Shipyard, Wu Hu, China and is owned by Graig Group's Graig Shipping Plc and partners, has entered into the Lauritzen Bulkers pool.
The firm said its sister ship Graig Rotterdam "is due for delivery later this year."
According to marine specialists Marine Power Ltd., the goal of the bulkers' Seahorse 35 "Green ship of the future" design was to create a vessel with less resistance, lower fuel consumption, and reduced emissions.
Design focus elements included economical and efficient operation, and environmental friendliness and maintenance incorporating all existing and known future regulations.
A fuel switching system allows the vessel to change from heavy fuel oil to low sulfur fuels.
According to the press release, both vessels have been constructed under the supervision of Graig China Limited and will be managed by Graig’s ship management divisions in Cardiff and Shanghai operating with a full Chinese crew.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 539.00 | 4.00 | 664.50 | 6.00 |
| Rotterdam | 501.00 | 0.50 | 641.50 | 2.50 |
| Houston | 543.50 | 3.50 | 662.50 | 1.50 |
| Fujairah | 535.50 | 3.50 | 744.50 | 1.50 |
| Global 20 Ports Average | 571.00 | 1.00 | 746.50 | 0.00 |
| Global 4 Ports Average | 529.50 | 2.50 | 678.00 | 2.50 |
| Global Average Bunker Price | 621.50 | 1.00 | 801.50 | 1.00 |
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