Fuel Costs

Installation of Five Tiltable Rotor Sails On A VLOC

Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced the installation of five tilting Rotor Sails on board a new-build Very Large Ore Carrier (VLOC) chartered by Vale, the Brazilian mining company, says a press release published on their website.

Reduce Fuel Consumption

The first installation of Norsepower’s innovative Rotor Sails on a bulk carrier demonstrates the adaptability of the technology to reduce fuel consumption, fuel costs and reduce...

https://mfame.guru/installation-of-five-tiltable-rotor-sails-on-a-vloc/

Bunker Prices To Reach $600/mt in 2021, Suggests Analysts

According to Ship & Bunker data, the bunker prices at major ports have doubled in the last nine months.

20 Ports VLSFO Average 

Specifically, Ship & Bunker’s Global 20 Ports Average for VLSFO hit a low of $210/mt on April 28, 2020.

On December 30, 2020 the VLSFO average was $422/mt.

Sharp rise in costs 

While the current cost is still much lower than the $700/mt+ it was at the start of the year, it nevertheless represents a sharp rise in fuel costs for owners and operators.

MGO

MGO has shown a similar...

https://mfame.guru/bunker-prices-to-reach-600-mt-in-2021-suggests-analysts/

+ More