World News
Finning Urges Uptake of Tech for Bunker Consumption Monitoring
Following the International Maritime Organization's (IMO's) approval in April of requirements for ships to record and report bunker consumption, Finning UK and Ireland (Finning) has issued a call urging all ship operators to adopt accurate monitoring technology to document fuel consumption.
"The announcement that larger shipping vessels must record and report on fuel usage is a welcome step towards mitigating climate change," said Eric Hyder, strategic account manager at Finning.
"Therefore, it is important that the operators in the industry respond accordingly and consider how this data can be accurately monitored and reported."
Finning says that implementation of its monitoring system will deliver ship operators valuable insight into how vessel energy efficiency may be improved.
"Our intelligent remote monitoring technology for Cat and MaK engines not only monitor total fuel used, whether by shift, day, week or month but also measures average fuel burn rate, oil pressure, coolant temperature, engine load, intake manifold temperature, speed and a range of other essential parameters," said Hyder.
In April, the International Chamber of Shipping (ICS) commended IMO's progress toward the adoption of a global CO2 data collection system at the Marine Environment Protection Committee's (MEPC's) 69th session (MEPC 69).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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