World News
ECSA Pushes for Action on Shipping Emissions at MEPC 70
The European Community Shipowners' Associations (ECSA) has issued a call for the International Maritime Organisation (IMO) to decide on next steps to address shipping emissions at the 70th session of the Marine Environment Protection Committee (MEPC 70) later this month.
The call came as ECSA welcomed news that the International Civil Aviation Organisation (ICAO) had reached an agreement on a new global market-based measure to control the aviation industry's green house gas (GHG) emissions.
"We congratulate our aviation colleagues with this new milestone in reducing GHG emissions from global transport sectors," said Niels Smedegaard, ECSA President.
"We are confident that at the end of this month the International Maritime Organisation (IMO) will decide on the next steps for shipping."
ECSA says that, based on data from its global CO2 data collection system, which will be fully operational by 2018, IMO will be able to set realistic CO2 emission reduction targets for the shipping sector.
As Ship & Bunker reported last week, the International Chamber of Shipping (ICS), pledging its support for the development of a timeline for the reduction of the shipping sector's GHG emissions, urged IMO to put forth a CO2 reduction commitment on behalf of the maritime sector as soon as possible.
"We fully support our colleagues at the International Chamber of Shipping (ICS) in their recent plea to set a timeline for the further reduction of the shipping sector's GHG emissions," said Smedegaard.
"It is important that IMO doesn't stop at data collection and effectively responds to the Paris Agreement on climate change."
Last year, ECSA says that a call by MEPs for the IMO to develop a global emissions reduction framework by the end of 2016 is "unrealistic."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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