ENGINE on Fuel Switch Snapshot: Gas rally lifts LNG and LBM above LSMGO for Otto MS
B100 slips to a $62/mt discount to HSFO in Rotterdam; LBM’s premiums over B100 widen by $160-161/mt in Rotterdam; front-month ICE Brent futures climb to $114.97/bbl ($843/mt).
Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:
In Rotterdam, LNG burnt in Otto medium speed (Otto MS) engines has flipped from a $23/mt discount to LSMGO to a $44/mt premium over the past week. LNG prices have climbed with the TTF gas contract they are priced on, and LNG (Otto MS) has gained $107/mt while LSMGO has risen by $41/mt.
Liquefied biomethane (LBM) burnt in Otto MS engines has flipped from a $17/mt discount to LSMGO to a $42/mt premium, as LBM (Otto MS) has gained $101/mt and LSMGO $41/mt.
For vessels with diesel slow speed (diesel SS) engines, LNG’s discount to LSMGO has narrowed by $65/mt to $73/mt, and LBM’s has narrowed by $58/mt to $79/mt. LNG (diesel SS) has gained $106/mt and LBM (diesel SS) $99/mt.
This story was originally published by Manifold Times. Read the full story at Manifold Times →
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