World News
COSCO Aims for Bunker-Savings through New Fleet Contract with Marorka
Iceland-based Marorka Thursday announced that it has signed a memorandum of understanding (MoU) with COSCO Shipping Lines Co., Ltd. (COSCO), which will see the two parties work together to boost the energy and operational efficiency of COSCO's new build fleet, as well as other selected classes.
"Marorka and COSCO Shipping Lines will establish efficient performance monitoring, enabling COSCO Shipping Lines' management to realise additional savings while reducing the environmental impact of its shipping operations," explained Marorka.
The announcement comes alongside news that Marorka, along with the Shanghai Marine Diesel Engine Research Institute (SMDERI), has opened the Energy Management Training Centre in Shanghai, aimed at supporting the energy efficiency of China's shipping industry.
"We are delighted to have verified the fuel savings result from Marorka solutions on board the pilot project vessels before we decided to go for fleet rollout," said Hou Li Ping, Deputy Managing Director at COSCO.
Marorka says the strategic working relationship is intended to ensure the smooth delivery of the energy management system, including advanced approaches to optimising trim, speed, and machinery along with performance monitoring for the container fleet.
Further, the cooperation will work to increase the effectiveness in responding to technical and operational enquiries.
In order to enhance crew performance and awareness in order to support improved energy efficiency, Marorka says the training centre in Shanghai will provide technical services and expertise for crew and shore management under the MoU.
"The strategic partnership reflects the fact that a sophisticated energy management system has become a competitive factor. Even in times of low bunker prices, reduced energy consumption has a significant relevance on companies' profitability," said Firdtjof Rohde, CSO of Marorka.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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