World News
MEPC80: Bunker Holding Backs IMO GHG Deal as 'Step in Right Direction'
Marine fuels conglomerate Bunker Holding, the world's largest bunker firm by sales volumes, has backed the IMO's revised strategy on GHG emissions.
The IMO's Marine Environment Protection Committee adopted a new strategy on Friday committing the shipping industry to net zero GHG emissions by about 2050, as well as setting non-binding goals for 2030 and 2040.
"The new IMO goals of net-zero around 2050 outcome of the MEPC 80 meeting is definitely an important step in the right direction," Keld Demant, CEO of Bunker Holding, told Ship & Bunker on Friday.
"Bunker Holding Group is well-prepared to follow this path and is looking forward to guiding our clients on their journey's towards reducing the CO2 emissions of the global maritime industry."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
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