Fuel rebate cut on higher bunker costs

Tue 12 Jan 2010, 07:42 GMT

Fuel rebate cut on higher bunker costs

Ferry line to reduce fuel rebate by half on all minor routes from end-January.

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

Effective January 25th, the fuel rebate on all its 17 minor routes will be cut from 10 percent to 5 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 Horseshoe Bay – Langdale route will remain unchanged at 2 per cent on average.

Annual Bunker 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.

Ferry Canada


		RINA unveils Mermaid propulsion concept to navigate uncertain decarbonisation landscape Fuel-agnostic design claims savings of more than 1,000 tonnes per year in some applications.

		Exmar names third and fourth dual-fuel ammonia-powered vessels Midsize gas carriers Adinkerke and Aalter named at formal ceremony.

		GCMD outlines practical approach to quantity assurance in marine biofuel supply chains New report addresses verification of both total fuel volume and renewable content in biofuel transactions.

		Hapag-Lloyd cuts steel for first vessel of new London Express class 16,800-TEU LNG dual-fuel vessel is first of 12 newbuildings in the class.

		DNV report warns regulatory uncertainty complicates fleet investment decisions CEO urges greater clarity to provide the confidence needed for long-term investment.

		Corvus Energy launches LFP battery system developed with BYD Energy Storage Blue Whale NxtGen Power targets tugs, ferries and workboats with high power demand.

		World’s first battery-powered self-unloading bulk carrier enters service in Australia MV Yampu connects South Australia’s limestone trade with a battery-electric propulsion system.

		E-methanol-ready ro-ro vessel delivered to Smyril Line 190-metre vessel is built for year-round North Atlantic operations and designed for future e-methanol conversion.

		Sunoil Biodiesel secures approval to supply biofuels in Belgium Dutch biofuel supplier expands its European footprint with Belgian market entry.

		Maersk takes delivery of dual-fuel methanol-capable Tacoma Maersk in China 9,000-TEU vessel is one of six mid-sized dual-fuel ships joining Maersk's fleet.