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 | 645.50 | 3.50 | 771.50 | 1.50 |
| Rotterdam | 600.50 | 2.00 | 759.50 | 2.50 |
| Houston | 619.50 | 11.00 | 787.50 | 9.00 |
| Fujairah | 642.50 | 6.00 | 895.00 | 5.00 |
| Global 20 Ports Average | 662.00 | 4.00 | 851.00 | 5.00 |
| Global 4 Ports Average | 627.00 | 5.50 | 803.50 | 3.50 |
| Global Average Bunker Price | 714.50 | 1.00 | 890.50 | 2.50 |
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