World News
China-France Shipping Corridor Seeks to Establish Alternative Fuel Supply Chain
A planned green shipping corridor between France and China aims to develop alternative marine fuel supply chains along a key Asia-Europe trade route.
France's Haropa Port has signed a strategic agreement with Zhejiang Provincial Seaport Group to support the creation of what the partners describe as the first green shipping corridor linking the two countries, Haropa Port said in a press release on Wednesday.
The agreement also involves Bureau Veritas, the China Waterborne Transport Research Institute, shipping company MSC and terminal operator Terminal Investment Limited.
Signed recently in Hangzhou, the framework focuses on the trade route between Haropa Port and Ningbo Zhoushan Port, the world's largest port by total cargo tonnage. China is Haropa Port's largest trading partner, accounting for around 30% of its container traffic.
Under the agreement, the partners will work to establish supply chains for alternative marine fuels such as LNG, bio-LNG, green ammonia and green hydrogen, alongside shore power, terminal electrification and lower-emission hinterland transport options.
The agreement also provides scope to explore pilot projects involving onboard carbon capture.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 484.50 | 8.50 | 680.00 | 17.50 |
| Rotterdam | 438.00 | 2.50 | 689.00 | 8.00 |
| Houston | 474.00 | 17.00 | 690.00 | 4.50 |
| Fujairah | 470.50 | 7.50 | 758.00 | 10.50 |
| Global 20 Ports Average | 502.00 | 8.50 | 768.00 | 8.50 |
| Global 4 Ports Average | 467.00 | 9.00 | 704.00 | 7.50 |
| Global Average Bunker Price | 542.50 | 7.00 | 801.00 | 7.00 |
Popular Now More
-
Jan 29Gibraltar and Algeciras are experiencing power and internet outages due to severe winds and rain. -
Jan 28Even well-intentioned professionals can fall foul of the rules if they do not fully understand them. -
Jan 29The firm - at present a supplier of 10 PPM road diesel, exhaust fluid and additives - plans to expand into bunkering as well as setting up an oil brokerage platform.