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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Carnival, the world’s largest cruise line, could increase the proportion of LNG in its bunker fuel mix to 20% by 2030, according to a group executive cited by Platts.
- Carnival’s current marine fuel consumption is 2.9m mtpa as of 2023 levels.
- LNG currently constitutes 11% of Carnival’s bunker demand, compared for 55% for HSFO and 30% for MGO. The remainder is VLSFO.
- Only 10 of the company’s 95 cruise ships are dual use (able to use LNG bunker fuel).
- LNG bunker fuel is currently around 1.2% of total marine fuel demand but should hit 5.6% by 2030 and 15.6% by 2050, according to Platts forecasts.
- LNG has been viewed favourably as a bunker fuel due to recent competitive pricing.
- LNG bunker prices are lowest on the US Southeast Coast and is sometimes cheaper than VLSFO in Rotterdam and Singapore.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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