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 | 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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