World News
K Line CO2 Reduction Targets Certified as "Scientifically Consistent" with Paris Agreement
Kawasaki Kisen Kaisha, Ltd. (K Line) today announced that its CO2 reduction targets have been approved as "scientifically consistent" with the 2℃ goal set by the COP 21 Paris Agreement.
As a result, K Line says it has obtained certification from Science Based Target Initiative (SBTi), and has set its interim target to reduce CO2 emissions by 10 percent for 2019.
As Ship & Bunker has previously reported, K Line had set environmental goals for 2050 in March 2015, which included cutting CO2 emissions per freight-tonne mile in half compared to 2011 levels, and ultimately working towards a goal of zero emissions.
"As a world–leading marine transport operator, K Line continues to aim at providing more environmentally-friendly and efficient transportation services for more people all over the world and is making every effort to improve its corporate value," said the company.
In June, K Line said was working with Kawasaki Heavy Industries, Ltd Group (KHI) on the development of K-IMS, an integrated vessel operation and performance management system that is intended to support "environmental preservation" and lower the company's bunker bills.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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