Asia/Pacific News
Indonesia, Malaysia, Singapore Reaffirm Commitment to Keep Malacca Strait Free and Safe
Indonesia, Malaysia and Singapore have reaffirmed their commitment to keeping the Straits of Malacca and Singapore open, free and safe for international shipping.
The commitment was made at the 17th Co-operation Forum in Singapore, the Maritime and Port Authority of Singapore (MPA) said in a press release today.
The forum brings together the three littoral states, user states, the shipping industry and other stakeholders to discuss navigational safety and environmental protection.
The countries will also discuss the safe introduction of new technologies and alternative marine fuels in the Straits, along with ongoing projects to improve navigational safety.
Indonesia, Malaysia and Singapore reaffirmed that the Straits are used for international navigation, with the right of transit passage applying under the 1982 United Nations Convention on the Law of the Sea.
They also highlighted the role of user states, international organisations and the maritime industry in supporting safe navigation and protecting the marine environment.
The three countries established the Co-operative Mechanism in 2007 to coordinate efforts on navigational safety and environmental protection in the Straits.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 932.00 | 0.50 | 1345.00 | 27.00 |
| Rotterdam | 759.00 | 6.00 | 1425.00 | 11.50 |
| Houston | 791.50 | 6.50 | 1417.50 | 9.00 |
| Fujairah | 968.00 | 11.50 | 1735.00 | 58.50 |
| 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 |
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