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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Norden joins Trident Alliance as bunker buyer warns of 'risk of cheating'

18 Apr 2017 11:30 GMT

Danish firm calls for 'equal competitive conditions' via the enforcement of sulphur regulations.

Danish shipping firm D/S Norden has joined the Trident Alliance - a coalition of ship owners and operators who share a common interest in the robust enforcement of maritime sulphur regulation as a means to ensure fair competition.

Commenting on the news, Nicolai Bro Johncke, Head of Group Communications and Corporate Social Responsibility (CSR), said: "Norden is in favour of equal competitive conditions through consistent enforcement of the sulphur regulations, and Norden supports this through the membership of Trident Alliance."

Since 2015, ships operating in the Emission Control Areas (ECAs) of northern Europe and North America have been required to run on marine fuel with a sulphur content not exceeding 0.1 percent, which has resulted in ships being required to run on more expensive marine distillates when operating in these areas. From 2020, the global sulphur cap will be lowered to 0.5 percent from the current level of 3.5 percent

As Bunker Index reported last month, Norden has systems in place to optimize the fuel efficiency of its fleet and reduce fuel expenses. The company managed to slash its bunker fuel costs by $24.9 million between 2014 and 2016 thanks to its fuel efficiency measures, and says it is on track to achieve $16.5 million in savings this year.

However, as an ECA bunker buyer, Norden is also keen to ensure that there is a level playing field for all bunker purchasers, so that companies not abiding by the sulphur cap rules do not gain an unfair advantage by purchasing cheaper, non-compliant fuel.

"Due to the fact that fuel with low-sulphur content is significantly more expensive than fuel with a higher sulphur content, the risk of cheating is present," Norden noted.

"To promote the enforcement of the new sulphur rules, Norden has joined the organisation Trident Alliance, where a long list of shipping companies are members, and which works at enforcing the new sulphur regulations," Norden added.

The Trident Alliance members are: American RORO Carrier, Ardmore Shipping Corporation, Biglift, Cargill, Crowley, DFDS, DS Norden, EUKOR, Euro Marine Logistics, Fjord Line, Flinter, Grieg Star, Hamburg Sud, Hapag-Lloyd, Hoegh Autoliners, Intermarine, Ionic Shipping, J. Lauritzen, Maersk Line, Maersk Tankers, Marinvest, Nordic Tankers, Rickmers Linie, Scandlines, Scorpio, Seatrade, Solvang, Spliethoff, Stena, Torvald Klaveness, Transfennica, UECC, Ultrabulk, Ultragas, Ultratank, Unifeeder, Wallenius Wilhelmsen Logistics and Wijnne Barends.

Related Links:

Norden on track to save $16.5m this year via fuel efficiency measures

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