World News
SHI and DNV GL to Develop LNG Carrier, Bunker Vessel Designs Through New JDP Agreement
DNV GL and Samsung Heavy Industries Co., Ltd (SHI) signed a joint development project (JDP) agreement intended to develop new designs for LNG carriers, including some capable of bunkering LNG.
The JDP aims to develop two 30K LNG carrier designs, one with membrane type LNG tanks and one with type-C LNG tanks - common in LNG bunkering vessels.
Specifically, the JDP agreement covers design review, safety analysis, market research, various structural, and safety evaluations, as well as a potential Approval in Principle (AiP) from DNV GL.
Mun-Keun Ha, Senior Executive Vice President of SHI, and Tommy Bjørnsen, DNV GL's Regional Manager Maritime Korea & Japan, signed the agreement at the DNV GL Group head office in Høvik last week.
"The present business environment requires that the shipping industry moves further towards eco-friendly operations due to environmental concerns, recent international regulations, as well as rises in fuel oil prices," said Mun-Keun Ha.
"As leaders in reacting to new market trends in their specialised fields, this new joint development project between DNV GL and SHI will improve the business strategies of both parties."
In April, DNV GL said it had granted AiP to SHI and Mitsui O.S.K. Lines, Ltd. (MOL) for the design of a series of four liquefied natural gas (LNG)-fuelled 20,000 TEU container ships, which are currently under construction.
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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