Four Taiwanese maritime companies have formed an alliance to provide services to the country’s emerging offshore wind energy sector.
Early assessments of the price spread between 3.5% high sulphur bunker fuel and 0.5% low sulphur fuel are indicated at as low as $40 to a high of $104 per metric tonne (pmt), according to data drawn from Platts and Taiwan’s oil refiner CPC Corp. The lower end of the scale would call into question the decision by many owners to invest in scrubbers based on the expected fuel price spread.
South China province Fujian plans to invest RMB85 billion in transportation sector and focus on cross-strait traffic upgrading. RMB8bn ($1.17bn) of the fund will be used for shipping and port development.
Taiwan-based Evergreen Marine has inked an agreement with Taiwan International Port Corporation (TIPC) to lease five berths at the 7th container handling centre in Kaohsiung port.
Taiwan’s seaports will enforce the use of 0.5% sulphur content fuel from 1 January 2019, ahead of IMO’s Marpol Annex VI global regulation from 2020, the Club Correspondents Pro-Marine Law Office in Taipei has advised.
Evergreen Marine has acquired a majority stake with 60% shareholding in Chilean Green Andes Shipping Agency (GASAC), the online publication Global Legal Chronicle reported.