World News
IMO Postpones July Meetings
Friday May 1, 2020
The International Maritime Organization (IMO) has postponed three more meetings that were due to be held in July, the UN body said Friday.
The meetings were of the IMO council, the subcommittee on implementation of IMO instruments and the joint IMO/ITU experts group on maritime radiocommunication matters, the IMO said in an emailed statement.
The IMO secretatiat "is exploring the practicalities of holding virtual meetings, including multilingual meetings with simultaneous interpretation into the six official languages of the Organization," the IMO said in the statement.
Environmental groups have expressed concerns that postponing this year's meetings may lead to a slowdown in shipping's progress towards decarbonisation.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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