World News
Hapag-Lloyd Joins Maersk in Completing IMO 2030 Target a Decade Early
Hapag-Lloyd has become the second major container line to announce it has met the IMO 2030 target on reducing carbon dioxide emissions a decade ahead of schedule.
Hapag-Lloyd's specific carbon dioxide emissions have dropped by about 50% since 2008 to 40.22 grams per TEU-kilometre, the compaby said in its sustainability report for 2019, published Wednesday.
The International Maritime Organization's initial strategy on the reduction of greenhouse gases envisages a cut of at least 40% from 2008's levels to shipping's carbon dioxide emissions per transport work by 2030, and a cut of at least 50% to the industry's total greenhouse gas emissions by 2050.
In February Denmark's AP Moller-Maersk, the owner of the world's largest shipping company, announced it had reduced its relative carbon dioxide emissions by 41.8% compared with a 2008 baseline.
As more companies come out with figures showing they have already met the 2030 target, there may be pressure to toughen it in the run-up to the IMO's review of its initial strategy in 2023.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 1.00 | 683.00 | 2.50 |
| Rotterdam | 515.50 | 1.00 | 685.00 | 7.50 |
| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
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