World News
Working Group Meeting on Shipping GHG Emissions Underway at IMO
The International Maritime Organization (IMO) today said that almost 300 delegates from IMO member states, international NGOs, and intergovernmental organisations have gathered this week at IMO Headquarters in London for the first meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships.
The meeting, which began Monday and will conclude Friday, will see the group provide a report to the 71st session of the Marine Environment Protection Committee (MEPC 71).
"The working group report will form the basis for further deliberation in relation to the elements set out in the Roadmap for developing a comprehensive IMO strategy on reduction of GHG emissions from ships, which was agreed at MEPC 70," explained IMO.
"An initial IMO GHG strategy is set to be adopted at MEPC 72 in spring 2018, including, inter alia, a list of candidate short-, mid- and long term further measures with possible timelines."
IMO notes that, also this week, a new Global Industry Alliance to support Low Carbon Shipping will be launched on Thursday under the Global Maritime Energy Efficiency Partnerships (GloMEEP) project.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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