Singapore-based Consort Bunkers has taken delivery of its third newbuild bunker tanker, the 7,999 dwt Pearl Khaoyai, from a Chinese shipyard, as reported by Manifold Times.
Future-proof bunker
The vessel is one of seven ‘K’ series tankers ordered by the company in 2020, with the final one set to become an IMO Type 2 chemical tanker for future-proof bunkering operations. Consort Bunkers has also placed an order with China Merchants Jinling Shipyard for six 6,500 dwt IMO Type 2 bunker tankers, which will be capable of delivering both conventional marine fuels and sustainable alternatives such as biofuel and methanol.
Fleet renewal programme
Consort Bunkers has taken delivery of its third bunker tanker, Pearl Khaoyai, from China, which is part of its fleet renewal programme. The tanker, capable of delivering traditional marine fuels and sustainable alternatives, will be supporting the marine refuelling operations of Maersk Oil Trading. The Singapore-based company has also ordered six 6,500 dwt IMO Type 2 bunker tankers from China Merchants Jinling Shipyard to support bunkering operations for IMO 2030. Consort Bunkers is also selling Pearl Mercury and Pearl Majestic to respective buyers in Europe and the Middle East. Construction costs for new-build bunker tankers have appreciated by 30-40% since 2016.
When comparing the current prices of traditional bunker tankers to the new breed of IMO Type 2 marine fuel delivery vessels, “our latest exercise [of ‘L’ series newbuilding orders] has shown a further 15-20% premium in construction costs.”
On MPA’s list of all bunker providers listed by volume in 2022, Consort Bunkers was rated 18th (up from 20th in 2021).
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Source: Manifold Times
