World News
Sea Trade Holdings Joins Trident Alliance
Ultramax owner Sea Trade Holdings has joined sulfur regs lobby Trident Alliance.
The group now has 52 members.
“Sea Trade Holdings is proud to be on the forefront of corporate and social responsibility. In addition to building and maintaining a modern and environmentally friendly fleet, we consider membership in the Trident Alliance a natural progression, joining fellow vessel owners, operators and charterers in the cause of dramatically reducing emissions,” said Robert Shaw, Managing Director, Sea Trade Holdings.
With the IMO2020 starting in just over two months, the industry's most significant change ever to sulfur regulations,the firm joins several new players join Trident Alliance's ranks.
Those include MPC Container Ships and Ahrenkiel Steamship who joined last month.
News today that Russia is considering a delay to implementing IMO2020 - the third MARPOL Annex Vi signatory to do so in recent months - is a reminder that universal enforcement of the new sulfur rules is not a given.
"IMO2020 is a significant opportunity to make our industry more sustainable, but responsible shipping companies must remain vigilant," said Roger Strevens, Chair of the Trident Alliance..
"Over the upcoming months, we will continue to advocate together for full and effective enforcement, so we can all reap the health and environmental benefits of reduced sulphur emissions.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.