World News
GAC Joins World Ocean Council
United Arab Emirates-based GAC Group has joined the World Ocean Council (WOC) the company announced this week in an emailed statement.
The organization aims to support sustainability and conservation of the ocean efforts, and says it already has over 80 members worldwide.
"The sea is our natural habitat, so it makes sense that we should do everything in our power to make sure it is sustained," said Group Vice President Christer Sjödoff.
"The mission and goals of the World Ocean Council resonate well with our own determination to serve shipping and other sectors that use the world's oceans in a way that protects and preserves the delicate marine ecosystem, and the environment as a whole."
Paul Holthus, WOC founding President and CEO, added that the council is now receiving "significant" interest from the Middle East and Asia.
In 2012 France's Total S.A also joined the WOC.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.00 | 0.50 | 611.50 | 1.50 |
| Rotterdam | 474.00 | 1.50 | 626.00 | 4.50 |
| Houston | 469.00 | 1.00 | 623.50 | 4.00 |
| Fujairah | 515.00 | 5.00 | 716.50 | 7.50 |
| Global 20 Ports Average | 537.00 | 2.00 | 712.00 | 8.00 |
| Global 4 Ports Average | 495.00 | 1.00 | 644.50 | 2.50 |
| Global Average Bunker Price | 571.50 | 1.00 | 759.50 | 5.50 |
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