World News
CMA CGM Offers Customers Biomethane Emission Offsets for Container Shipments
French container line CMA CGM is set to offer its customers the possibility of offsetting the carbon emissions of their shipments by supporting the production of biomethane.
The service will be available to the firm's customers from May of this year, with the company supporting the production of 12,000 mt of biomethane, it said in a statement on its website on Thursday.
"We have crossed a new step with the launch of the first low-carbon shipping offer based on biomethane," Rodolphe Saadé, CEO of CMA CGM, said in the statement.
"We know that there is still a long way to go to meet the commitments of the Paris Agreement.
"Achieving these goals do not rely on a single solution but on a set of initiatives and new technologies complimentary to each other."
In the first bunkering of the CMA CGM Jacques Saadé at Rotterdam in November, Total supplied the gas-powered ship with 17,300 m3 of LNG, of which about 13% was biomethane.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
Popular Now More
-
May 03The new hire had previously worked for Toyota Tsusho Petroleum Pte Ltd since 2015. -
May 02Tracy Palm, group HR director at Monjasa, sets out the case for the bunker industry increasing its traineeship programmes. -
May 01Hapag-Lloyd's head of green fuels cites lack of production capacity and feedstocks as key barriers to wider uptake of biofuels in shipping.