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 | 574.00 | 7.00 | 625.00 | 3.00 |
| Rotterdam | 502.00 | 4.00 | 616.00 | 3.50 |
| Houston | 503.50 | 3.00 | 634.50 | 4.00 |
| Fujairah | 568.00 | 6.00 | 774.50 | 1.50 |
| Global 20 Ports Average | 591.50 | 2.00 | 733.50 | 3.00 |
| Global 4 Ports Average | 540.00 | 0.50 | 662.50 | 0.50 |
| Global Average Bunker Price | 637.00 | 2.00 | 808.00 | 0.00 |
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