TUI Cruises receives methanol-ready ship

Spanish Market: Biofuels, Oil products, Petrochemicals
18/04/24

Cruise ship company TUI Cruises took delivery of a methanol-ready cruise ship which will start operations at the end of June.

Methanol-ready vessels allow ship owners to easily retrofit their vessels to burning methanol in the future. The 7,900t deadweight Mein Schiff 7 will operate in the North Sea, the Baltic Sea, along the European Atlantic coast and in the Mediterranean and run on marine gasoil (MGO). It was built by Finland's Meyer Turku shipyard.

In January, TUI Cruises signed a memorandum of understanding with trading company Mabanaft for future supply of green methanol. Mabanaft would cover TUI's methanol needs in northern Germany, and gradually add other European locations.

Grey methanol was pegged at $717/t MGO equivalent and biomethanol at $2,279/t MGOe average from 1-18 April in Amsterdam-Rotterdam-Antwerp. About 0.9 times and 2.9 times, respectively, the price of MGO, Argus assessments showed.

TUI Cruises is a joint venture between the German tourism company TUI AG and US-based cruise ship company Royal Caribbean.

By Stefka Wechsler

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14/01/25

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Mexico’s industrial output up 0.1pc in November

13/01/25

Mexico’s industrial output up 0.1pc in November

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Singapore bunker prices rise to multi-month highs

13/01/25

Singapore bunker prices rise to multi-month highs

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California governor eyes carbon market extension

10/01/25

California governor eyes carbon market extension

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Brazil’s inflation decelerates to 4.83pc in December

10/01/25

Brazil’s inflation decelerates to 4.83pc in December

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