World News
Container Line HMM Prepares to Test Onboard Carbon Capture
Friday July 5, 2024
Container line HMM is preparing to test its onboard carbon capture system on one of its ships.
The firm's OCSS system is ready for operational tests, the company said in a LinkedIn post this week.
The company will test the system on board its 2,200 TEU container ship HMM Mongla.
"If successful, this technology would be able to play a significant role in reducing carbon emissions in the maritime industry," the company said.
Carbon capture systems remove carbon emissions directly from ships' exhausts, delivering GHG emission reductions without the need for a change in fuels. But their place within the regulatory framework for GHG emissions reductions in shipping remains uncertain for now.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 642.50 | 4.50 | 771.50 | 9.50 |
| Rotterdam | 586.50 | 3.00 | 772.50 | 4.50 |
| Houston | 612.00 | 5.00 | 815.00 | 20.00 |
| Fujairah | 642.00 | 3.00 | 861.00 | 3.00 |
| Global 20 Ports Average | 648.50 | 0.50 | 855.50 | 2.00 |
| Global 4 Ports Average | 620.50 | 0.50 | 805.00 | 9.00 |
| Global Average Bunker Price | 693.50 | 1.50 | 912.00 | 1.50 |
Popular Now More
-
Jul 03The firm has opened a new office in Singapore and hired a regional manager and senior trader. -
Jul 04Maaz Ahmed is stepping down from his role as MEA regional marine fuels manager at Oilmar. -
Jul 04The company saw pre-tax earnings of $22.17 million in the year to April 30, down from $40.9 million a year earlier.