World News
Container Line HMM to Study Carbon Capture Technology
Container line HMM is set to join a study looking into the prospects for carbon capture technology to play a role in the decarbonisation of shipping.
The firm has signed a memorandum of understanding with technology company PANASIA to carry out a feasibility study, economic analysis and a risk assessment of onboard carbon capture systems, it said in a statement on its website on Friday.
The handling of the captured CO2 will he a key area of study.
The company expects to install a carbon capture system on board one of its vessels for operational tests following the research.
"Carbon capture technologies are one of the alternatives in support of the net-zero ambitions of the global community," Kim Gyou-bong, chief maritime officer at HMM, said in the statement.
"We will continue to participate in collaborative partnerships to develop onboard carbon capture solutions on our pathway to carbon neutrality."
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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