World News
Stena Bulk to Offer Low-Carbon Shipping Options to Customers
Shipping company Stena Bulk is set to offer its customers the option to pay extra for their freight requirement to come with a lower carbon footprint, the company said Monday.
Following a recent trial of a 100% biofuel bunker used in a transatlantic voyage, the company now plans to offer its customers a range of low-carbon shipping options, Stena said in an emailed statement.
The options will include using biofuel blends from 20% up to 100%, the company said.
Rather than guaranteeing the actual ship the customer's cargo travels on will be running on biofuels, the customer will pay for a share of Stena's biofuel consumption across its entire fleet.
"This allows customers to make use of low-carbon shipping options regardless of fuel availability on the specific route," the company said.
"It also guarantees that operation is performed without any disturbance to the shipment."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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