Asia/Pacific News
Green Shipping Corridor Alliance Launched in Beijing With 45 Members
The International Green Shipping Corridor Alliance (IGSCA) was officially established in Beijing on Tuesday, with 45 founding members from 12 countries.
The alliance was set up during the Global Sustainable Transport forum and was initiated by China Energy Engineering Corporation, it said in an announcement on Wednesday.
It was jointly launched by the China Center for Sustainable Transport Innovation and Knowledge, COSCO Shipping Group, CMA CGM, China Energy Engineering Corporation and Shanghai Port Group.
IGSCA aims to provide an international platform for cooperation on green shipping corridors and support the development of sustainable shipping.
The alliance will work on areas including green ships, green fuels and net-zero ports, as well as the alignment of domestic rules with international standards.
It will also support demonstration projects, technology research and development, technology transfer and capacity building.
China Energy Engineering Corporation said the alliance is intended to help promote cooperation across the international shipping industry and support the development of green shipping corridors.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 911.50 | 5.50 | 1278.50 | 16.50 |
| Rotterdam | 735.50 | 6.50 | 1395.00 | 40.50 |
| Houston | 764.00 | 1.00 | 1406.00 | 2.00 |
| Fujairah | 970.50 | 15.50 | 1724.00 | 1.50 |
| APAC Average | 999.50 | 0.50 | 1475.00 | 4.50 |
| Global 20 Ports Average | 898.00 | 4.00 | 1533.50 | 14.00 |
| Global 4 Ports Average | 845.00 | 7.50 | 1451.00 | 15.00 |
| Global Average Bunker Price | 950.50 | 0.00 | 1601.00 | 5.00 |
Popular Now More
-
Oct 16MPA's chief executive on competitiveness, multi-fuel readiness, and the next phase of digital bunkering. -
Oct 12The tools also record won and lost bunker enquiries, giving trading desks a fuller history to support commercial decisions. -
Oct 09General License 135 authorises the sale, shipping and import of Russian diesel until April 7, 2027, but EU and UK sanctions are unchanged.