World News
COSCO Orders 12 New Methanol-Fuelled Boxships
Container line COSCO has ordered 12 new ships capable of running on methanol.
The dual-fuelled 14,000 TEU ships will be built in China, the company said in a LinkedIn post on Friday.
As well as being capable of running on methanol, the ships will feature bunker-saving air lubrication systems and bow wind deflectors.
"COSCO Shipping Holdings is currently focusing on a combination of building new ships and modernising existing vessels to accelerate the green and low-carbon transition of the company's fleet," the company said in the post.
"The company has ordered twelve 24,000 TEU container ships with methanol dual-fuel propulsion, signed contracts for the conversion of eight ships to methanol dual-fuel propulsion, while promoting environmentally friendly development practices such as all-electric ship operation and biofuel pilot projects, which has given the company strong momentum to compete on the new course."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 574.00 | 7.00 | 625.00 | 3.00 |
| Rotterdam | 502.00 | 4.00 | 616.00 | 3.50 |
| Houston | 503.50 | 3.00 | 634.50 | 4.00 |
| Fujairah | 568.00 | 6.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
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