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DB Schenker Works With MSC on Biofuel-Powered Shipping
Logistics firm DB Schenker is working with container line MSC on the decarbonisation of its use of maritime freight with biofuels.
The firm has signed a deal with MSC to cover all of its own consolidated cargo, less-than-container-load, full-container-load and refrigerated container shipments with MSC with 12,000 mt of biofuel component, it said in a statement on its website this week.
The arrangement covers about 30,000 TEU of shipments on a net-zero CO2 emissions basis.
"The biofuel deal represents one of the largest carbon-insetting biofuel deals ever signed between a freight forwarder and a shipping company," the company said in the statement.
"It sets out the use of certified sustainable, second-generation biofuels—derived from used cooking oil—instead of conventional fossil-based marine fuel.
"The 12,000 metric tons of biofuel component will be blended between 20% and 30%, resulting in approximately 50,000 metric tons of blended biofuel to be used in MSC's container ships.
"The agreement allows DB Schenker to offer its customers an off-the-shelf product that enables net-zero ocean transportation."
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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