Owners, agents and masters of vessels arriving in the Port of Singapore are reminded of their responsibility to implement and comply with all prevailing requirements and measures of the Singapore authorities to reduce the risk of COVID-19 transmission in Singapore, in particular safe management measures directly applicable to vessels in the Port of Singapore. Owners, .
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes.
Maersk CEO: Business is ahead of govts on decarbonization agenda May 28, 2021, by Jasmina Ovcina
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes.
“Business is ahead of governments on this agenda,” Soren Skou, CEO of A.P. Moller Maersk said yesterday while speaking on a Getting to Zero for Shipping session, hosted by the World Economic Forum.
“Fossil fuels are cheap, they are easily available and very reliable, which makes them a tough competition for green fuels. Therefore, we need more regulations that can start to ensure that we have greater availability of green fuels.”
Ample availability amid less-than-robust demand has led sellers of International Maritime Organization-compliant marine fuel in Singapore’s spot market to make determined offers, which has depressed valuations, making term discussions for the supply of June-loading product a less attractive proposition, traders said. Lackluster interest among buyers to lift contractual volumes due to relatively more attractive prices .