World News
Environmental Performance a "Failure-Is-Not-An-Option" Mission for Shipping, Says WWL CEO
Craig Jasienski, CEO of Wallenius Wilhelmsen Logistics (WWL), says environmental performance is set to persist in modern shipping as a "failure-is-not-an-option" mission, World Maritime News reports.
Jasienski suggests that the International Maritime Organization's (IMO's) 2020 implementation of a global 0.50 percent cap on sulfur in bunkers, as well as the implementation of the ballast water management (BWM) convention, will continue to push the shipping industry to improve its environmental performance.
2017 will be marked by a high degree of uncertainty, particularly in relation to what Donald Trump's presidency in the U.S. may bring, and the expected change in European trade development as a result of Brexit, says Jasienski.
"Although direct effects might take time to be felt, the fact that we do not know what Brexit will look like creates a climate of uncertainty where decision makers are likely to err on the side of caution," explained Jasienski.
Last month, Anna Larsson, Head of Sustainability at WWL said the company's sustainability strategy, which is being implemented in the context of a challenging shipping market, combines both WWL's long-term vision and the company's immediate-term targets.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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