Wed 11 Aug 2010, 16:12 GMT

Fuel rebate cut on higher bunker costs


Ferry line to lower fuel rebate on all minor routes from next week.



Canada's BC Ferries has announced that it will be lowering the fuel rebate on all of its minor routes later this month.

Effective August 17th, the fuel rebate on all its 17 minor routes will be cut from 5 percent to 2 percent on average.

BC Ferries said the decision had been made to reduce the fuel rebate on these routes due to higher bunker prices.

The fuel rebate on the three Lower Mainland – Vancouver Island and Horseshoe Bay – Langdale routes remains unchanged at 2 per cent on average.

Rising Fuel Costs

According to BC Ferries, its annual fuel costs have risen in recent years from $45.9 million in 2003 to $86.8 million in 2008.

The company's fuel costs for the 2008/09 period was calculated to be approximately $120 million.

Cleaner Fuel

Thirty-one out of the company's thirty-six ships, or 86 percent, are now burning a B5 fuel blend in all service areas where the product is available.

The B5 fuel blend is a mix of 5 per cent canola-based biodiesel with 95 per cent low sulphur petroleum diesel. Biodiesel burns cleaner with significantly less unburned hydrocarbons, carbon monoxide and particulate matter in emissions.

BC Ferries worked with its fuel supplier, Chevron, for over a year before implementing the new product in order to ensure that the safety and reliability of the vessels would not be compromised.

The Queen of Alberni, which operates on the Tsawwassen – Duke Point route, was the first vessel to trial B5 biodiesel in September 2009.


Monjasa Oil & Shipping Trainee (MOST) trainees. Monjasa opens applications for global trainee programme  

Marine fuel supplier seeks candidates for MOST scheme spanning offices from Singapore to New York.

Singapore's first fully electric harbour tug. Singapore's first fully electric tug completes commissioning ahead of April deployment  

PaxOcean and ABB’s 50-tonne bollard-pull vessel represents an early step in harbour craft electrification.

Fuel for thought: Hydrogen report cover. Lloyd's Register report examines hydrogen's potential and challenges for decarbonisation  

Classification society highlights fuel's promise alongside safety, infrastructure, and cost barriers limiting maritime adoption.

Bureau Veritas and Straits Bio-LNG sign MoU. BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.

Molgas Energy logo. Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.

Yiannis Diamandopoulos, Elinoil. Diamandopoulos appointed CEO of Elinoil as Aligizakis becomes chairman  

Greek marine lube supplier announces leadership changes following board meeting on 5 January.

Sustainable Marine Fuel Services webinar hosted by BV graphic. Bureau Veritas to host webinar on sustainable marine fuel transition challenges  

Classification society to address regulatory compliance, market trends, and investment strategies in February online event.

Inchcape Shipping Services logo. Inchcape to provide bunkering services from new Indonesian offices  

Port agency establishes presence in key bulk and tanker operation hubs handling 150 calls annually.

CPN launch of B100 marine biodiesel supply in Hong Kong graphic. Chimbusco Pan Nation launches B100 biodiesel supply in Hong Kong  

Bunker tanker Guo Si becomes Hong Kong's first Type II certified vessel for pure biodiesel operations.

Vox Apolonia vessel. Van Oord completes Dutch beach replenishment using 100% bio-LNG  

Dredger Vox Apolonia deposited 1 million cbm of sand at Noord-Beveland beach under Coastline Care programme.





 Recommended