World News
BIMCO Says Bunker Data Collection Should Be Priority Item at MEPC 69
In advance of the International Maritime Organization's (IMO's) Marine Environment Protection Committee 69th session (MEPC 69) this week, BIMCO Friday announced that its priority items for the meeting include the approval of a mandatory data collection system for bunkers, and for the concerns related to the implementation of the Ballast Water Management (BWM) Convention to be addressed.
BIMCO says that for IMO's plan to reduce shipping emissions to be effective, the process must begin with a data collection system before a system for determining how much CO2 the shipping industry may emit can be approved.
"Knowing how much CO2 is emitted by ships is crucial before beginning a detailed discussion and reaching future agreement on emission targets," said Lars Robert Pedersen, BIMCO's Deputy Secretary General.
"The data on emissions – in combination with a target – is needed to determine if and what further measures are needed by the marine industry."
BIMCO says it also wishes to see the revision of the G8 guidelines, which it says are urgently needed by manufacturers, shipowners, and regulators to achieve the goals of the BWM Convention, approved at MEPC 69.
"The shipping industry needs reliable ballast water treatment systems that are fit for global use," said Pedersen.
"Presently, IMO approved systems may not always live up to the required standards under real operating conditions onboard ships, and no such systems are presently available that are approved to the much more stringent USCG approval standard."
On Thursday, Ship & Bunker reported that Peter Hinchliffe, Secretary General of the International Chamber of Shipping (ICS) also expressed ICS' hopes for the way in which IMO will address key environmental regulations for the shipping industry, including a decision on the implementation of a global cap for sulfur content in bunkers.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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