World News
WFS Develops Carbon Offset Program for Norwegian Cruise Line Holdings
Bunker supplier World Fuel Services (WFS) has helped to develop a carbon offset program covering the emissions of cruise firm Norwegian Cruise Line Holdings.
Norwegian Cruise Line has set a new long-term climate action strategy for itself including offsetting three million mt of carbon dioxide equivalent over the next three years, it said in a statement on its website on Wednesday.
WFS unit World Kinect Energy Services 'developed a tailored carbon offset solution' for the Norwegian firm, it said in a LinkedIn post on Wednesday.
Norwegian Cruise Line has already reduced its fuel consumption per capacity day by about 17% from 2008 to 2019, it said.
The firm supports shipping industry groups' IMO proposal to impose a $2/mt levy on bunker fuel purchases to help fund research and development work on low-carbon maritime propulsion technology.
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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