World News
NORDEN Delivers First Verified Shipping Emissions Reductions to Microsoft
Shipping firm NORDEN has become the first maritime carrier to deliver verified emissions reductions through the RSB book & claim registry, in a pilot project with Microsoft and the Roundtable on Sustainable Biomaterials (RSB).
The system allows companies to reduce and account for shipping emissions without needing sustainable fuel to be used on the specific voyage linked to their cargo, NORDEN said in an emailed statement on Wednesday.
Under the book & claim model, companies buy verified emissions reductions linked to the use of sustainable marine fuels, while the fuel can be used elsewhere in the shipping industry.
NORDEN said the solution is aimed at customers and companies in other industries that want to reduce emissions from their supply chains.
NORDEN became the first maritime operator to receive RSB Book & Claim trader certification, allowing it to issue and sell verified emissions reductions through the registry.
Microsoft is the first company to use the RSB registry for shipping emissions, as part of its efforts to cut emissions from its wider supply chain.
RSB will now update its book & claim framework to support wider use in maritime transport.
NORDEN said it will continue working with customers and partners to expand the solution.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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