World News
US Skips IMO's MEPC 83 Meeting and Warns Against GHG Deal
The Trump Administration has withdrawn the US delegation from the IMO's MEPC 83 meeting this week, where shipping's regulatory body is deciding how best to implement its policy on curtailing greenhouse gases.
A note sent to a number of member states and seen by Ship & Bunker said the promotion of 'hypothetical, expensive and unproven fuels at the expense of existing and proven technologies that fuel global shipping fleets' was not in the interests of the US or the global shipping sector.
"These measures would impose substantial economic burdens on the sector and drive inflation globally," the US delegation said in its note.
"President Trump has made it clear that the US will not accept any international environmental agreement that unduly or unfairly burdens the US or the interest of the American people.
"The US rejects any and all efforts to impose economic measures against its ships based on GHG emissions or fuel choice."
The delegation was not at the IMO's London headquarters on Wednesday, where discussions continue to get a draft text on curtailing GHG emissions from shipping ready to be agreed by Friday.
If agreed, the draft text would go forward to MEPC 84 for adoption by the IMO.
About Julian Macqueen
Julian is Ship & Bunker's Senior Editor and has over 20 years' experience covering the maritime and energy industries. In addition to being the editor of the Oxford-based Bunkernews in the late nineties, his career has included appointments at Lloyd's List, Tradewinds, Bunkerworld, and S&P Global Platts.
Julian is based in London, UK.
About Ship & Bunker
Ship & Bunker is the world's most read publication focused on the marine fuel markets. Completely independent, it is the leading industry authority providing comprehensive daily news, exclusive in-depth features and analysis, along with daily & historical bunker price indications.
To contact the editor responsible for this story email us at editor@shipandbunker.com
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 486.00 | 0.00 | 595.50 | 0.50 |
| Rotterdam | 442.00 | 0.50 | 599.50 | 1.50 |
| Houston | 463.00 | 7.00 | 611.00 | 4.50 |
| Fujairah | 483.00 | 2.50 | 714.00 | 3.50 |
| Global 20 Ports Average | 521.00 | 3.00 | 700.00 | 2.00 |
| Global 4 Ports Average | 468.50 | 2.50 | 630.00 | 1.50 |
| Global Average Bunker Price | 564.00 | 3.00 | 747.50 | 5.50 |
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