Boat price decline in oil prices rise

According to the Shipbuilding and Marine Engineering Journal news, South Korea Hana & nbsp; Daetoo & nbsp; Securities researcher Park & ​​nbsp; Moo-hyun analysis, Hyundai Heavy Industries last week won the 84K level VLGC orders, orders for a total price of $ 79.5 million level, compared to two weeks before the same type class ships price level of $ 76 million increased by 4.6%.

He said that although oil prices declined, but the shipping price is on the rise, in order to replace the second-hand boats, low fuel consumption and the use of new fuel system, the increasing demand for shipping updates. The entry into force of norms will lead to further enhance the Eco-cycle speed.

He also analyzes the recent decline in oil prices, Bunker-C oil prices have returned to the level of $ 450 per ton. But under the International Maritime Organization (IMO) specification, starting next year, when the ship through the fuel or ECAs changed to $ 800 per tonne level MGO. Used boats have to comply with the norms for SOx, after 2020, the global marine fuel is only allowed MGO.