Norwegian cruise ship operator Havila Kystruten will price index one-third of its LNG bunker demand to gasoil prices under a new supply deal through 2030, with the rest still tied to TTF natural gas.
The company expects the new price structure will generate annual fuel savings of over 10pc from the fourth quarter based on current forward prices. The LNG will be supplied from a plant at Melkoya, Norway.
LNG bunkers made up about 22pc of Havila's 2024 operating costs, with costs higher than expected in the first quarter because of low winter stocks in Europe.
Its four LNG-battery hybrid vessels, Havila Castor, Havila Capella, Havila Polaris and Havila Pollux, operate along the Norwegian coast.
Havila is also exploring profitable ways to phase in biogas for bunkering by 2028.
