EMEA News
Bel Uses CMA CGM Low-Carbon Shipping Initiative to Cut Emissions
French shipping company CMA CGM says food company Bel Group is using its low-carbon shipping programme to reduce emissions linked to the ocean transport of its products.
The ACT+ programme cuts CO2 emissions from shipments by using second-generation biofuel blends and certified emissions reduction mechanisms, CMA CGM said in a LinkedIn post on Thursday.
CMA CGM said the ACT+ offer allows customers to choose emissions reduction levels of 10%, 25%, 50% or up to 83%, depending on their decarbonisation targets.
“By leveraging alternative fuels like second-generation biofuels and certified mechanisms, companies can adapt their decarbonization strategy across the entire supply chain,” it said.
Several companies are opting for low-carbon shipping services to cut emissions linked to cargo transport.
The programme uses a book-and-claim approach to allocate emissions reductions from low-carbon fuels to customer shipments.
The model allows companies to claim emissions reductions even if the low-carbon marine fuel is used on a different ship, helping expand access to greener transport options.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 867.50 | 9.00 | 1297.00 | 26.00 |
| Rotterdam | 686.00 | 14.00 | 1391.00 | 17.50 |
| Houston | 730.00 | 9.00 | 1383.00 | 1.00 |
| Fujairah | 951.50 | 8.50 | 1663.50 | 30.50 |
| EMEA Average | 869.00 | 1.50 | 1694.00 | 29.00 |
| Global 20 Ports Average | 875.50 | 2.50 | 1542.00 | 1.00 |
| Global 4 Ports Average | 809.00 | 10.00 | 1433.50 | 19.00 |
| Global Average Bunker Price | 926.00 | 0.50 | 1593.50 | 10.00 |
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