World News
Cargo Owner Group Targeting Zero-Carbon Shipping by 2040 Adds Ten New Members
Cargo Owners for Zero Emission Vessels, the group targeting net-zero emission shipping by 2040, has added ten new members.
The group has now doubled its initial member count to 19 companies, it said in a statement on its website on Thursday.
The new members are Beiersdorf, Dupont, Electrolux, ETTLI Kaffee, Moose Toys, Ohana Beverage Company, Philips, REI Co-op, Sisley, and Target.
The organisation, facilitated by the Aspen Institute, was launched last year with a group of companies signing up to the aim of using only vessels running on zero-carbon fuels by 2040.
The group's initial backers were Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo, and Unilever.
"In less than a year, coZEV has changed the narrative surrounding decarbonization in maritime shipping," Dan Porterfield, CEO of the Aspen Institute, said in the statement.
"Through coZEV, cargo owners are kickstarting a clean energy transition in this critical industry, and the Aspen Institute is proud to support them and help enable their success."
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 |
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