World News
MSC Cruises 2020 Bunker Consumption Was 43% of Expected Level
Cruise operator MSC Cruises saw its fuel consumption last year hit just under 43% of the amount it expected as the COVID-19 pandemic brought the industry to a standstill.
The firm used 290,596 mt of bunkers in 2020, it said in a sustainability report released this week, compared with a pre-2020 projection of 679,514 mt. The company carried just 22% of its expected number of passengers.
Historically the cruise industry was responsible for about 4% of global bunker demand.
The firm has not released a figure for the carbon intensity of its ships last year because of the disruption to its operations. But it said its operations before COVID-19 halted its fleet in 2020 saw a 2.5% reduction in emissions intensity compared to the same period of 2019.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 1.00 | 683.00 | 2.50 |
| Rotterdam | 515.50 | 1.00 | 685.00 | 7.50 |
| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
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