World News
NYK Joins Pro-Hydrogen Body
Japanese shipping line NYK has made its ambitions for hydrogen as an alternative marine fuel clear by joining the Hydrogen Council.
The 92-member council is an industry-led group seeking to promote the use of hydrogen around the world.
"Through the activities of this council, NYK will work to build a hydrogen supply chain and promote decarbonisation through the conversion to alternative fuels to power ships," the company said.
The company will also seek to accurately grasp business opportunities related to hydrogen and become involved along the entire supply chain, it said.
NYK demonstrated an early interest in the alternative fuel when, with other players, it created the Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD) in 2017.
NYK said that "climate change [is] one of the most important issues" and that it is "promoting the conversion to alternative fuels to aid marine-fuel decarbonization".
Hydrogen, along with ammonia and methanol, are all considered to have potential as possible bunker fuel substitutes for petroleum-derived fuel oil.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 4.50 | 678.50 | 4.50 |
| Rotterdam | 512.00 | 3.50 | 676.00 | 9.00 |
| Houston | 552.00 | 3.00 | 682.00 | 4.00 |
| Fujairah | 555.50 | 7.50 | 753.00 | 1.50 |
| 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 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston. -
Nov 26The new hire previously worked as a bunker trader for IBT Bunkering & Trading in Hamburg.