World News
Ports Form Working Group for LNG Bunkering
A dozen European and U.S. ports have formed a working group to develop guidelines for safe liquefied natural gas (LNG) bunkering, according to the Port of Antwerp, which is chairing the initiative.
Established as part of the International Association of Ports and Harbors' World Ports Climate Initiative, the LNG Fuelled Vessels Working Group consists of three sub-groups: LNG Bunkering Checklist, LNG Bunkering Risk Perimeters, and LNG Public Awareness.
"It is generally expected that by 2015 a number of progressive shipping lines will lead the way and will have LNG-powered vessels in their fleet, presenting a challenge for Ports around the world and shipping lines," the Port of Antwerp said in a statement.
"LNG offers substantial environmental benefits in comparison to conventional fuels.
"Sulphur and particle emissions would be reduced to almost zero, nitrogen oxide emissions by 85-90 per cent and net greenhouse gases by 15-20 per cent."
Besides Antwerp, group participants represent the ports of Amsterdam, Bremerhaven, Brunsbüttel, Gothenburg, Hamburg, Le Havre, Los Angeles, Long Beach, Rotterdam, Stockholm, and Zeebrugge.
The working group says it also keeps LNG industry stakeholder and government agencies involved, and welcomes participation in its subgroups by other ports, and invites industry experts to share their expertise.
The Port of Antwerp has already begun LNG bunkering, and the European Commission (EC) has called for refueling stations to be installed at all major ports of the European Union by 2025.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Antwerp |
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|||
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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