World News
Stena Bulk Investigates Carbon Capture for Shipping
Shipping company Stena Bulk is set to work with the Oil and Gas Climate Initiative (OGCI) on a study investigating the potential for carbon capture to be used in shipping.
The feasibility study will focus on the technical and economic challenges posed by using the decarbonisation technology at sea, OGCI said in a statement on its website last week.
"We need to evaluate as many potential solutions as possible that might help decarbonise the industry," Erik Hånell, CEO of Stena Bulk, said in the statement.
"Carbon capture might be such a solution with the potential to play a key role in this transition, and this feasibility study presents a unique opportunity for us to work with some of our key customers to understand and assess the technical and economic challenges involved in making carbon capture work onboard vessels."
Stena Bulk has been one of more active shipping companies in trying out alternative fuels, working with biofuels, LNG and methanol.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 628.00 | 1.00 | 736.50 | 0.50 |
| Rotterdam | 569.00 | 10.00 | 730.50 | 23.00 |
| Houston | 591.00 | 3.50 | 770.50 | 6.00 |
| Fujairah | 626.50 | 4.50 | 886.50 | 5.00 |
| Global 20 Ports Average | 644.00 | 2.00 | 825.50 | 0.00 |
| Global 4 Ports Average | 603.50 | 0.50 | 781.00 | 3.00 |
| Global Average Bunker Price | 700.00 | 0.00 | 883.50 | 0.50 |
Popular Now More
-
May 07Claim filed at in the Southern District of New York following a 1750 mt stem in January. -
May 08Within five years after installation, more than 95% of the ships with the most common scrubber systems reach break even. -
May 08The new hire previously a bunker trader for Ipiranga.