World News
LNG Bunkering is 'Single Biggest Way to Reduce Emissions': WinGD
Friday December 10, 2021
Taking on LNG propulsion technology is currently the best way for shipping companies to reduce their emissions, according to engine manufacturer WinGD.
The company has published a new white paper this week setting out its views on maritime decarbonisation.
"The use of LNG is one of the single biggest ways to reduce emissions in current vessels and will enable the use of carbon-neutral synthetic or bio-gas when it becomes available," the company said in an emailed statement announcing the report's publication.
"Taking action now is the right choice as simply waiting for the availability of clean fuels won't be enough.
"Other technologies also need to be added to help ships reach IMO's 2050 target."
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.