World News
Container Line CMA CGM Partners With Engie on Decarbonisation
French container line CMA CGM has announced a partnership with gas company Engie to develop bio- and synthetic LNG supply for its ships.
The two firms have decided to establish 'a long-term strategic and industrial cooperation focused on the production of decarbonized fuels,' the shipping company said in a statement on its website this week.
French energy company Total currently provides the majority of the LNG consumed by CMA CGM's gas-powered ships.
"ENGIE is leading further synthetic methane production industrial projects in which CMA CGM will have the possibility to invest, including by means of multi-year purchase commitments," CMA CGM said in the statement.
"These projects will harness various technologies, such as pyro-gasification or methanation using green hydrogen and captured CO2."
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 |
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