World News
NORDEN: Enforcement Landscape Will Not Influence Our 2020 Compliance Choice
The enforcement landscape will "not play a part in deciding which solution NORDEN should aim for" in relation to the 0.50 percent global cap on sulfur in bunkers set to come into force in 2020, Alex Hjortnæs, Senior Newbuilding Manager at Dampskibsselskabet NORDEN A/S (NORDEN), has told Ship & Bunker.
"We will comply with the regulations no matter what," explained Hjortnæs, adding: "NORDEN supports robust and transparent enforcement of the regulations to ensure a level playing field for all."
Hjortnæs says NORDEN is looking at both scrubber solutions and switching to low sulfur fuel , but has yet to decide which path to take to comply with the tightening regulations.
"NORDEN is currently investigating which solutions best enable the Company to comply with the 0.5 percent global sulphur cap," said Hjortnæs.
"We will choose the solutions which, overall, make most sense for a globally operating company like NORDEN. Both the practical and financial consequences of the different solutions are being analysed."
In April, Nicolai Bro Jöhncke, Director, Head of Corporate Communications & CSR at Dampskibsselskabet NORDEN, told Ship & Bunker that the company had joined Trident Alliance - a move intended to lend support to NORDEN's push for fair competition within the shipping industry in the context of tightening regulations on sulfur in bunkers.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
Popular Now More
-
Apr 23The ship had come to Singapore from St Petersburg. -
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17. -
Apr 22Iranian fuel oil has been widely reported to have been resold in the bunker markets of ports in the region for years, as well as being exported further afield.