World News
Wärtsilä Says it is "Well Positioned" to Help Shipowners Comply with 2020 0.5% Sulfur Cap
Following news of a decision at the International Maritime Organization (IMO), which will see a 0.5 percent global sulfur cap on marine fuel to be implemented from 2020, Wärtsilä Corporation (Wärtsilä) says its offering of dual-fuel marine engines and exhaust gas cleaning (EGC) systems means that the company is "well positioned" to help shipowners ensure compliance.
"In addition to its well-known offering in dual-fuel engines and LNG handling systems, Wärtsilä also has a portfolio of the most flexible EGC systems. Our open-loop water cleaning system is the most environmentally sound solution on the market," said Roger Holm, President, Wärtsilä Marine Solutions.
"We can customise and optimise our systems to meet specific customer requirements, while offering support during each phase of the project from feasibility studies to commissioning, and then on to lifecycle service support."
As Ship & Bunker reported on Monday, Singapore flag state authorities recently approved Wärtsilä's EGC systems, making it the first EGC to be approved by an Asian flag authority.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 591.50 | 10.00 | 630.00 | 7.00 |
| Rotterdam | 515.00 | 8.00 | 624.50 | 11.00 |
| Houston | 515.00 | 1.00 | 651.50 | 3.00 |
| Fujairah | 576.00 | 4.00 | 779.00 | 2.50 |
| Global 20 Ports Average | 589.50 | 1.00 | 733.00 | 3.00 |
| Global 4 Ports Average | 549.50 | 5.50 | 671.50 | 6.00 |
| Global Average Bunker Price | 635.00 | 1.50 | 806.50 | 4.50 |
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