Asia/Pacific News
Shanghai-Melbourne Green Shipping Corridor Advances
The ports of Shanghai and Melbourne have moved their green shipping corridor initiative into the implementation phase, with plans to cut emissions through cleaner marine fuels and port operations.
The two ports are working with C40 Cities to advance green methanol and biofuel bunkering, shore power, and low-carbon vessel deployment, C40 Cities said in an emailed update on Wednesday.
Shanghai aims to achieve an annual bunkering capacity of one million mt for green methanol and biofuels.
Melbourne, Australia's largest container port, will assess the feasibility of green fuel bunkering and shore power infrastructure.
The port has set a 2030 net zero target for its own operations.
The partners will also work with shipping lines and fuel suppliers to develop low-carbon fuel supply chains and explore digital systems to improve voyage efficiency and emissions tracking.
Industry partners include Shanghai International Port Group, COSCO Shipping Lines, HAMR Energy, ABEL Energy and Shenergy.
The corridor was announced in October 2025. The implementation plan coincides with the 20th anniversary of the Shanghai-Melbourne sister-port partnership.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 932.50 | 1.50 | 1318.00 | 45.50 |
| Rotterdam | 765.00 | 9.50 | 1436.50 | 33.50 |
| Houston | 785.00 | 4.50 | 1417.50 | 9.00 |
| Fujairah | 979.50 | 6.50 | 1793.50 | 155.50 |
| APAC Average | 1005.50 | 4.00 | 1463.00 | 0.50 |
| Global 20 Ports Average | 920.00 | 8.50 | 1552.00 | 19.50 |
| Global 4 Ports Average | 865.50 | 4.50 | 1491.50 | 61.00 |
| Global Average Bunker Price | 962.00 | 3.50 | 1611.50 | 12.50 |
Popular Now More
-
Oct 21Trading Director Maaz Ahmed tells Ship & Bunker that the firm plans to deploy more bunker barges in the future. -
Oct 20Two days, 12 panel sessions, and an interview with MPA's chief executive: Ship & Bunker's coverage of SIBCON 2026 in one place. -
Oct 20The bulk carrier, Traverse Antwerp, was arrested at 2:24 PM local time on October 16.