Fuel Switch Snapshot: Gas rally lifts LNG and LBM above LSMGO for Otto MS

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.

LSMGO had been pricier than LNG (Otto MS) in Rotterdam since early February, as the chart below shows. The gas rally over the past week has now pushed LNG (Otto MS) above it.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →