World News
StormGeo Launches EU ETS Solution
StormGeo has unveiled a new tool to help shipping companies manage their exposure to the EU Emissions Trading System (EU ETS).
The EU ETS is a cap-and-trade system that will be applicable to marine shipping from January 1, 2024.
StormGeo's solution enables shipping companies to build a validated data stream to help them better understand their EU ETS exposure when developing strategies to manage their carbon allowances under the new EU rules.
“All data collected onboard through StormGeo’s s-Insight platform are thoroughly checked by StormGeo’s digital validation rules,” says Petter Andersen, Senior Vice President Shipping Digital at StormGeo.
“This data stream ensures maximum reporting accuracy, supporting collaboration between owners and charterers in line with commercial requirements.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.