World News
23% of Tanker Orderbook Will Run on LNG: Gibson
Monday December 13, 2021
Nearly a quarter of tankers currently on order will be able to run on LNG, according to Gibson Shipbrokers.
Some 23% of the current tanker orderbook is for LNG-fuelled newbuildings, the brokerage said in a note on its website last week.
"It would seem that there is still some way to go before LNG fuelled tankers become the dominant vessel type, but as a bunker fuel it is certainly being taken seriously," the company said.
LNG-fuelled ship orders have increased significantly in the past two years in the face of a growing likelihood of carbon emissions regulations being imposed on shipping. The orders have increased this year despite LNG prices surging to record highs.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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