World News
APL Plans 30% Reduction of CO2 Emissions
By 2015, container shipping line APL plans to reduce the emissions of carbon dioxide (CO2) and other greenhouse gases associated with cargo transportation and handling to 30 percent below its 2009 levels, Seatrade Global reports.
"By 2015, we (APL's fleet) aim to produce only 130 grams of CO2 for every teu [twenty-foot equivalent unit] of cargo transported per nautical mile," Shaj Thayil, vice president, technical services & ship management, told an audience at the second Green Technologies Seminar held in Singapore Tuesday.
Thayil said the shipping industry can benefit from the lower fuel costs associated with more environmentally friendly operations while also reducing emissions.
"World trade expansion between 1999 to 2012 led to about 65% increase in global seaborne trade, and during this period there is a significant increase in shipping fuel consumption," he said.
"Shipping consumes 8% of the world's fuel oil and emits about 3% of the world's carbon dioxide (CO2)."
Tayil said the International Maritime Organisation (IMO)'s target of reducing CO2 emissions by 1 billion tonnes a year by 2050 would also reduce fuel costs by $90 billion to $310 billion while avoiding $88 billion a year in climate change costs.
APL has 10 13,800 TEU containerships on order that it says will be the most environmentally friendly ships of their kind.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 596.50 | 0.50 | 688.00 | 1.00 |
| Rotterdam | 523.00 | 2.50 | 677.00 | 1.00 |
| Houston | 550.50 | 0.00 | 676.50 | 8.00 |
| Fujairah | 582.00 | 2.50 | 758.50 | 5.50 |
| Global 20 Ports Average | 599.50 | 0.50 | 757.50 | 2.00 |
| Global 4 Ports Average | 563.00 | 1.50 | 700.00 | 4.00 |
| Global Average Bunker Price | 644.50 | 1.50 | 813.50 | 0.50 |
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