World News
ECSA Calls for Bunker Suppliers to be Covered by FuelEU Maritime Regulation
Industry body the European Community Shipowners' Associations (ECSA) has called for the FuelEU Maritime regulation mandating the update of low-carbon fuels to include clauses governing bunker suppliers.
The regulation should be used to commit bunker suppliers to a certain share of alternative fuels supply, the organisation said in a statement on its website this week.
"ECSA calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime," the ECSA said in the statement.
"It is key to ensure that shipowners are not unduly penalised if the sustainable fuels necessary for compliance are not delivered.
"This provision, together with a binding target for maritime fuel suppliers as proposed by the Parliament in RED III, is essential for the energy transition of shipping."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| 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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