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Wednesday, April 13, 2011 Sweden's biggest container port to reimburse shipping lines using cleaner fuel Sweden's biggest container port announced it is going to reimburse shipping lines that enter its waters burning cleaner fuel to help them offset those higher costs. The Port of Gothenburg already offers rail shuttles and onshore power supply for vessels and it said it has plans to supply vessels with liquefied natural gas. The port's latest initiative is aimed at shipping lines that choose a fuel containing a maximum of 0.1 percent sulfur can receive up to $40,000 in compensation for increased fuel costs. The 0.1 percent sulfur level is 10 times lower than the statutory limit, the port said. Other fuels, such as liquefied natural gas, can also qualify for financial support, the port said. The port had been levying a surcharge on vessels with more than 0.5 per cent sulfur in its fuel content. Now, the Swedish seaport said it will reverse that revenue back to shipping lines willing to invest in cleaner fuel. "We have worked with our customers to arrive at proposals for how this revenue should be used. Providing support for low-sulfur fuel is one of several initiatives," said Magnus Kårestedt, the Port of Gothenburg's chief executive in a statement. "Through this environmental measure we aim to demonstrate that it is possible to take important steps towards cleaner shipping through voluntary collaboration and our hope is that in this way we will facilitate the transition to low-sulfur fuels," Kårestedt said. More Newswire stories Cargill to hoist its sails in 2012 Maersk opens the Climate Box for communities Kewill releases 2.1 Customs software World largest Ro-Ro vessel makes the rounds Cargotec delivers zero-emission RTGs to Vietnam port GT Nexus signs medical products firm to cloud-based network Video Link: VW's new green "hippy" bus comes with iPad interface	Click to browse past stories on these topics: Logistics Ports & Infrastructure Economic Outlook Environmental Impact Technology
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Sweden's biggest container port to reimburse shipping lines using cleaner fuel