Expensive LNG bunkers yet to force gas-fired dry bulk ships to switch fuels: sources

The high LNG bunker prices have not forced LNG-dual fuel dry bulk ships to switch to the cheaper very low sulfur fuel oil, regardless of securing lower earnings currently from these vessels, shipping industry sources said March 11. The Platts NMAX GT4 Index, a weighted average of time charter equivalent assessments (TCE) of four key routes by Newcastlemax-type ships burning…