Asia/Pacific News
Australia Maritime Emissions Plan Puts Green Fuel Bunkering on Agenda
Australia released its Maritime Emissions Reduction National Action Plan (MERNAP) on Wednesday as part of its strategy to achieve net-zero emissions in shipping by 2050.
The plan calls for the development of a bunkering strategy to guide investment in green marine fuels, according to the national action plan.
The government will assess existing programmes and identify the maritime sector’s requirements as part of the work.
MERNAP also calls for investment in storage and bunkering facilities for low-carbon fuels, as well as shore power and expanded port energy capabilities.
The plan says port upgrades will support both domestic maritime operations and Australia’s low-carbon energy exports, with ports positioned as important hubs in the transition.
Australia expects a mix of fuels to emerge, including e-ammonia, e-methanol, e-LNG, biofuels and hydrogen.
MERNAP also highlights cooperation with Singapore on bunkering infrastructure and capabilities, while work with South Korea covers alternative-fuel supply chains and port infrastructure readiness.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 917.00 | 10.00 | 1295.00 | 34.00 |
| Rotterdam | 742.00 | 5.50 | 1435.50 | 54.00 |
| Houston | 765.00 | 2.00 | 1408.00 | 12.00 |
| Fujairah | 986.00 | 1.50 | 1725.50 | 38.50 |
| APAC Average | 1000.00 | 4.00 | 1479.50 | 22.00 |
| Global 20 Ports Average | 902.00 | 6.00 | 1547.50 | 29.50 |
| Global 4 Ports Average | 852.50 | 4.00 | 1466.00 | 34.50 |
| Global Average Bunker Price | 950.50 | 2.50 | 1606.00 | 21.00 |
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