World News
X-Press Feeders Launches Second Methanol-Fuelled Shipping Route
Shipping firm X-Press Feeders has set up a second route using its methanol-fuelled ships.
The company's new Green Baltic X-Press (GBX) route will operate between Rotterdam, Antwerp-Bruges, Klaipeda and Riga, it said in an emailed statement on Friday.
The new ship Eco Umande follows the delivery of the methanol-fuelled Eco-Maestro and Eco-Levant.
"The launch of the GBX route is particularly timely as the EU's emissions trading scheme (ETS) for maritime shipping came into effect on 1 January this year, encouraging shippers to adopt more sustainable practices," the company said.
"Additionally, the Fuel EU Maritime regulations are set to begin in January 2025 and will require a reduction in the greenhouse gas emission intensity of energy used on board ships."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 20The new hire had previously worked as a bunker and lubricant trader for sister company Glander International Bunkering in Dubai.