World News
TECO 2030 Signs Fuel Cell Tech Agreement
Norwegian maritime innovator Teco 2030 has formed a strategic partnership with Vancouver-based SinoHyKey, the company has said.
The agreement will allow SHK to provide MEA for the Teco 2030 fuel cell system. MEA refers to membrane electrode assembly which is a key component in the making of fuel cells.
The SHK system applies the principle of selectivity to fuel cell production and in doing so has paved the way for a cheaper and more efficient product.
The two companies regard the agreement as the basis for a longterm partnership.
"The collaboration is expected to last if the key milestones in the development [of fuel cells] can be achieved successfully," Teco said.
Fuel cell technology while visible in the marine space is in the early stages of development. At present short trip ferries moving between in a loop are using the technology typically in an urban/port setting.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Vancouver |
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| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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