Asia/Pacific News
Environment Group Backs LNG Exclusion From Korea Green Shipping Corridor Rules
South Korea’s decision to exclude LNG from fuels eligible for support under its green shipping corridor framework has been welcomed by Pacific Environment.
The proposed implementing regulations provide clearer direction on fuels and technologies that can support the country’s transition to zero- and near-zero-emission shipping, the environmental group said in an emailed statement yesterday.
The Ministry of Oceans and Fisheries opened a public consultation on the draft Enforcement Decree and Enforcement Rules for the Green Shipping Corridor Act on September 2.
The consultation runs until October 13.
The proposed rules identify methanol, hydrogen, ammonia and renewable synthetic marine fuels, along with electric propulsion and fuel-cell systems, among the eligible options.
Pacific Environment also called for clear budget allocations, investment priorities and implementation mechanisms to support clean-fuel and electricity infrastructure at ports and the development of green shipping corridors.
“We sincerely welcome the Korean government’s development of implementing regulations for the Green Shipping Corridor Act and, in particular, the decision not to include LNG among the specified eligible fuels," Hyunju Kang, Climate Campaign Director, Asia at Pacific Environment, said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 854.00 | 11.50 | 1278.50 | 11.00 |
| Rotterdam | 681.00 | 5.50 | 1400.00 | 10.00 |
| Houston | 725.50 | 15.00 | 1364.50 | 23.50 |
| Fujairah | 944.50 | 19.00 | 1675.50 | 9.00 |
| APAC Average | 972.00 | 27.00 | 1492.00 | 0.50 |
| Global 20 Ports Average | 860.50 | 15.50 | 1522.00 | 1.50 |
| Global 4 Ports Average | 801.00 | 13.00 | 1429.50 | 4.00 |
| Global Average Bunker Price | 922.00 | 13.00 | 1596.50 | 2.50 |
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