World News
Singapore and Brazil Join Forces on Green Shipping Corridor and Alternative Fuels
Singapore and Brazil are stepping up cooperation on cleaner shipping, with both countries looking to develop alternative marine fuel supply chains and support the wider decarbonisation of international shipping.
The two countries have signed an MoU to establish the Singapore-Brazil Green and Digital Shipping Corridor, the Maritime and Port Authority of Singapore (MPA) said in an announcement on Friday.
The agreement will bring together Brazil’s renewable energy resources and Singapore’s position as the world’s largest bunkering port and a major global hub port.
The partnership will also cover digital information exchanges aimed at improving maritime and port operations.
Singapore and Brazil will work with industry on the research, development and adoption of emerging maritime technologies and solutions.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
Popular Now More
-
Oct 23Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels. -
Oct 23The acquisition includes eight bunkering vessels and a long-term lease for 28,000 m3 of tank capacity in Turkey. -
Oct 21Trading Director Maaz Ahmed tells Ship & Bunker that the firm plans to deploy more bunker barges in the future.