Shipping companies are increasingly taking note of their carbon emissions ahead of the International Maritime Organization's target of cutting CO2 emissions per transport work by at least 40% from 2008's levels by 2030.
Singapore is Catching Up With Europe on Alternative Bunkers: Fratelli Cosulich
by Ship & Bunker News Team
Tuesday April 27, 2021 Singapore s LNG bunker sales are expected to expand significantly this year. File Image / Pixabay
Singapore s authorities are closing the gap between the world s largest bunkering hub and smaller competitors in
Europe on developing alternative marine fuels infrastructure, according to bunker supplier Fratelli Cosulich.
Timothy Cosulich, the firm s CEO, said at
Petrospot s online Singapore, however, is catching up. Singapore has long been the world s largest bunkering hub, with annual sales of almost
50 million mt last year. But in recent years smaller bunker markets in Europe have made faster inroads into the alternative fuels space, partly as a result of local subsidies, particularly in the case of LNG bunkering.