World News
IMO to Hold Extraordinary Council Session on Ukraine Crisis
Friday March 4, 2022
The International Maritime Organization is set to hold an extraordinary session of its council next week to address the impact on shipping from the war in Ukraine.
The IMO Council session will be held remotely on March 10-11, the UN body said in an emailed statement on Friday.
The session will "address the impacts on shipping and seafarers of the situation in the Black Sea and the Sea of Azov," according to the statement.
The Black Sea area has become much more dangerous for commercial shipping since the outbreak of war in Ukraine, with several vessels damaged and many companies now avoiding the area altogether.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| 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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 25The firm has installed rotor sails expected to save 10-15% in fuel consumption on transpacific routes on board the Chinook Oldendorff. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel.