World News
GAC Bunker Fuels Hires Head of Sustainability in Alternative Fuels Push
Marine fuel supplier GAC Bunker Fuels has appointed its first head of sustainability as it seeks to expand its alternative fuels supply portfolio.
The firm has appointed Kelly Rump as head of sustainability, Nick Browne, the company's global director, said in a LinkedIn post on Tuesday. Rump started the role in January, having previously served as the company's QHSSE manager.
Rump's role will involve "focusing primarily on alternative fuels with the aim to increase our positive environmental contribution, while at the same time providing thought leadership to our interested parties," according to her LinkedIn profile.
In October GAC said it had signed a preliminary agreement with Texas-based Pilot LNG to set up a partnership supplying LNG bunker fuel at Galveston.
Alternative Markets
Bunker suppliers are increasingly establishing footholds in the alternative fuels space as shipping companies start to explore options away from conventional bunkers to cut their greenhouse gas emissions. Last month Peninsula Petroleum announced plans to launch an LNG bunkering business.
"Kelly's biggest challenge is now in front of her -- to ensure that not only GAC Bunker Fuels but also our clients meet the UN's target of net zero carbon emissions by 2050," GAC's Nick Browne said on Tuesday.
"GAC is uniquely positioned to help lead the way through transition fuels such as LNG and methanol by bringing both suppliers, old and new, together with our ever-expanding customer portfolio to match supply and demand."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.50 | 0.00 | 665.50 | 1.00 |
| Rotterdam | 512.00 | 3.00 | 663.00 | 0.50 |
| Houston | 545.50 | 3.00 | 666.00 | 9.50 |
| Fujairah | 560.50 | 0.00 | 743.50 | 1.50 |
| Global 20 Ports Average | 584.00 | 1.00 | 751.50 | 2.00 |
| Global 4 Ports Average | 547.50 | 0.00 | 684.50 | 2.50 |
| Global Average Bunker Price | 633.50 | 0.50 | 805.50 | 0.00 |
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