World News
MSC Commits to Using 30% Biofuel Bunker Blend
MSC Mediterranean Shipping Company (MSC) Saturday said its vessels bunkering in Rotterdam will now bunker biofuel blends on a routine basis - the first major shipping line to do so.
The decision comes after successful trials using a minimal 10% blend fuel earlier this year.
The box carrier says it is now using 30% blends.
“We are pleased to see these trials completed successfully and look forward to now using biofuel on our vessels as a routine matter. When using such blended fuel, we can expect an estimated 15-20% reduction in absolute CO2 emissions,” said Bud Darr, Executive Vice President, Maritime Policy & Government Affairs, MSC Group.
“The potential CO2 reduction in the bio component of these fuels could reach 80-90%, which we will monitor and confirm over time.”
Use of biofuel bunkers has increased in popularity this year as the industry looks at ways to reduce its emissions footprint. While they can help reduce net GHG emissions, they also have a much higher cost than traditional fuels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.00 | 9.50 | 674.00 | 4.50 |
| Rotterdam | 507.00 | 5.00 | 663.50 | 12.50 |
| Houston | 549.50 | 2.50 | 677.00 | 5.00 |
| Fujairah | 548.50 | 7.00 | 748.50 | 4.50 |
| Global 20 Ports Average | 580.00 | 3.50 | 761.00 | 1.50 |
| Global 4 Ports Average | 540.00 | 6.50 | 691.00 | 6.50 |
| Global Average Bunker Price | 625.50 | 7.00 | 809.50 | 1.50 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston.