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22 Feb 2024

Vitol Bunkers Receives its First Biofuel Barge in Asia

Marine Future biofuel bunker barge (Credit: Vitol Bunkers)

Vitol Bunkers has taken delivery of the Marine Future vessel, its first specialized biofuel bunker barge in Singapore.The addition of this specialized IMO type 2 notation bunker tanker to the V-Bunkers fleet will make it possible to supply biofuel blends including B24, B30 and up to B100, depending on customer specifications.Built in China, Marine Future is 102.6m in length and has the capacity to carry about 7,000 MT of biofuels.The current fleet of bunker tankers in Singapore are classified as ā€˜oil tankersā€™ and are therefore restricted to a maximum of 25% bio component in biofuel blends.

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singaporeā€™s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vesselsā€¦

29 Nov 2023

Partners Collaborate on Ammonia Bunker Vessel Technology

Source: Azane

Azane Fuel Solutions and ammonia-to-power provider Amogy have signed an MoU to explore the feasibility of using Amogyā€™s technology on board an Azane bunker vessel concept.The collaboration will explore the technical and commercial feasibility of the bunker vessel and also of an Azane ammonia fuel feeder solution integrated into the Amogy power system.Azane is a Norway based company developing the worldā€™s first ammonia bunkering terminal. The company has also developed an ammonia fuel bunker vessel concept with a complete ammonia cargo handling system.

15 Mar 2023

UAE's Fujairah Needs to Step Up Investments for New Bunker Fuels -Execs

Ā© moodboard / Adobe Stock

UAE's Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking traction at the world's third-largest bunkering hub despite the urgency for maritime decarbonization, industry executives said on Wednesday.The maritime industry must seek out alternative fuels to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization, which include cutting carbon emissions by 40% from 2008 levels by 2030 and overall greenhouse gas (GHG) emissions by 50% by 2050.Despite being a key bunkering portā€¦

16 Feb 2022

Bunker Barge Tracking Platform Launched

(Image: BunkerMetric)

Scandinavian bunker planning and analytics software provider BunkerMetric is rolling out a new bunker barge tracking platform, BargeTracker.The company is using AIS and a range of other relevant data sources to derive a full trajectory of bunker barge movements and their interactions with other vessels or portā€™s shore facilities.ā€œWe have been working on and off on this idea for years but have focused on BunkerPlanner, our fuel procurement optimization product. Now BunkerPlannerā€¦

01 Sep 2021

Bay Shipbuilding to Build LNG Bunker Barge for Crowley

(Image: Fincantieri Bay Shipbuilding)

Fincantieri Bay Shipbuilding said it will build a liquefied natural gas (LNG) bunkering barge for Crowley Maritime Corporation that, when completed, will be the largest of its kind in the U.S. Crowley said it has signed a long-term time charter with Shell to operate the new barge, and that the vessel is expected to be deployed to serve LNG-fueled ships that call on ports on the U.S. East Coast starting in 2024. It will be the second Jones Act-compliant bunker barge Shell has underā€¦

23 Feb 2021

Cargill, Maersk Tankers Launch Bunker Procurement Service

(Photo: Maersk Tankers)

Cargill and Maersk Tankers are aiming to unlock more competitive and transparent bunker pricing and improved customer service through a new strategic partnership combining their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk Tankersā€™ combined fleet, while aiming to attract additional customers in the coming months. The service will leverage Cargillā€™s in-house bunker expertise and Maersk Tankersā€™ commercial and operational capabilities and will launch on April 1ā€¦

21 Apr 2020

Singapore Adds Minerva Bunkering and TFG Marine to List of Bunker Suppliers

Singapore port - Image by anekoho / AdobeStock

The Maritime and Port Authority of Singapore (MPA), home the world's top marine refueling hub, said it has awarded two new bunker supplier licenses to Mercuria's Minerva Bunkering and Trafigura's TFG Marine."MPA and ESG welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singapore's position as the global bunkering and oil trading hub," the MPA said in a joint statement with Enterprise Singapore (ESG).The licences are the first to be issued by the port regulator since 2017, bringing the total number of licensed bunker suppliers to 45 in Singapore, and come after the M

20 Apr 2020

MPA Awards Two Bunker Licenses

The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019.Bunkering services in the Port of Singapore and oil trading remain resilient despite the global COVID-19 pandemic. Bunker sales in Singapore grew 5.4%, from 12.07 million tonnes in the first quarter of 2019 to 12.72 million tonnes in the first quarter of 2020.MPA and Enterprise Singapore (ESG) welcome the entry of Minerva Bunkering and TFG Marine, which will consolidate Singaporeā€™s position as the global bunkering and oil trading hub.Theseā€¦

26 Sep 2019

Moody's Downgrades CMA CGM's Rating

Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its "materially weaker" liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3. The outlook was changed to stable from negative."Today's rating action reflects that CMA CGM's liquidity profile has weakened materially in the last 12 months as a consequence of the acquisition of CEVA Logistics AG, although expected by Moody's to improve somewhat in 2020", says Daniel Harlid, Assistant Vice President -- Analyst and lead analyst for CMA CGM.The downgrade of CMA CGM's rating follows the acquisition of CEVA Logistics AG (Cevaā€¦

31 Jul 2019

EFMS Install Uptick on Malaysian OSVs

(Photo: Royston)

Marine diesel power specialist Royston reports that it is working with a number of international oil companies (IOCs) operating in Malaysia to equip oilfield supply contract vessels (OSVs) with specialist electronic fuel management systems.In recent months, the installation of nine enginei EFMS have been completed on Malaysian OSVs for three different IOCs and this number will continue to rise with the advanced system being included in the vessel contracting requirements for a number of other oilfield majors.As part of the installationsā€¦

30 Apr 2019

Höegh Autoliners Readies for IMO 2020

Norwegian shipping company Höegh Autoliners AS is now preparing its fleet for the change in fuel, having chosen Very Low Sulphur Fuel Oil (VLSFO) and Low Sulphur Marine Gas Oil (LSMGO) for complying with IMO 2020.In the Bunker department, new bunker patterns are being planned for and in the commercial section, the new rules also require attention.IMO 2020 entails a great shift for the shipping industry and the preparations started long ago in Höegh Autoliners.Håkon Kiil, Head of Business Analytics is leading Höeghā€™s IMO 2020 implementation group said: "We fully support the new regulations as this will improve the environment and peopleā€™s health.

11 Feb 2019

Fund Buying Slows on Crude

Ā© Pawin/AdobeStock

Hedge funds added more bullish positions in crude at the start of February but at a much slower pace than before, as optimism about OPEC output cuts was tempered by renewed anxiety about the U.S.-China trade talks.Hedge funds and other money managers increased their net long position in Brent crude futures and options for the eighth time in the last nine weeks but by just 1 million barrels.Fund managers added new short positions (+13 million barrels) for the week ended Feb. 5ā€¦

20 Dec 2018

Monjasa: New Bunker Location on the Suez

African Sprinter (Courtesy of Monjasa)

Monjasa expects a 200,000mts volume increase from its new supply location Djibouti. The objective is to challenge status quo and provide a valid alternative to the traditional Suez and Jeddah bunker markets.Strategically located at the mouth of the Red Sea, Djibouti is fast developing into an attractive bunker destination on the busy Suez waterway. Improved maritime infrastructure and heavy investments in port developments are expected to further advance trade going in and outā€¦

03 Dec 2018

MSC Sees Over $2 bln in Annual Fuel Costs from IMO Rules

Photo: MSC

Swiss-headquartered MSC expects to pay over $2 billion a year in fuel costs due to tougher global marine fuel rules and will introduce a bunker charge next year to recoup expenses, the world's number two container line said.UN agency the International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan. 1, 2020, compared with 3.5 percent today, unless they are equipped with exhaust gas cleaning systems, known as scrubbersā€¦

08 Oct 2018

ESC Disapproves Shipping Surcharges

The European Shippersā€™ Council (ESC) disapproves of the mechanism of surcharges that shipping liners launch to cover the higher rate of lower sulphur fuel. Shippers call for a dialogue with container liners to find the best mechanism to share the costs.A new bunker adjustment factor launched by Maersk aims at covering additional costs that will arise from the upcoming global sulphur regulations. Carriers impose it unilaterally without any negotiation with shippers and ignore a market approach to the global problem.MSC and CMA CGM have recently announced plans that follow the same direction. This does not set an ideal cooperation scenario.The ESC has made a clear request to shipping liners to sit together and discuss all freight costs and to come to a mutual agreement"ESC is monitoringā€¦

02 Oct 2018

New Bunker Vessel Delivered to Maxum Petroleum

The new bunkering vessel Global Provider has been delivered to Maxum Petroleum for operation in the Pacific Northwest. (Photo: EBDG)

Maxum Petroleum has taken delivery of its newest tank ship, the Global Provider. The newbuild will deliver fuel and lube oil to ship operators in the Pacific Northwest.The vessel, the first in its design and size for Maxum Petroleum, was designed by Elliott Bay Design Group (EBDG) of Seattle and built by Jesse Engineering of Tacoma, Wash.Global Provider is a self-propelled bunker ship measuring 126'-2" in length, with a 32 ' beam, 10' draft and 13' depth to main deck. The vessel has a carrying capacity of 151ā€¦

19 Sep 2018

British International Freight Association Fumes Over Sulphur Surcharge

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industryā€™s recent imposition of a ā€˜sulphur surchargeā€™ as unjustified and blatant profiteering.It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020.According to the shipowner, it could lead to prices of a 40 ft container on the Far East to North Europe route being hiked by anywhere between USD480 to USD840 (depending on fuel price)ā€¦

17 Sep 2018

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

(Photo: Eric Haun)

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. The new surcharge considers the average fuelā€¦

27 Apr 2018

Singapore Extends MFM Use

Following the successful completion of test-bedding the use of mass flow metering (MFM) system for delivery of distillates , the Maritime and Port Authority of Singapore (MPA) will extend the mandatory use of MFM to all bunker tankers delivering distillates1 in the Port of Singapore from 1 July 2019. Assistant Chief Executive (Operations) of MPA, Capt M Segar said this at the International Bunker Industry Association (IBIA) Asia Gala Dinner held last night (26 April 2018). The use of the MFM system will enhance transparency in the bunkering process, improve operational efficiency and increase the productivity of the bunkering industry.

30 Jan 2018

SEA\LNG Rolls Out LNG Bunkering Navigator Tool

Screenshot of SEA\LNGā€™s Bunker Navigator Tool

A new free-to-access online tool aims to improve understanding of the current, and rapidly evolving, bunkering infrastructure landscape for liquefied natural gas (LNG). Launched by industry coalition SEA\LNG from the sixth LNG Bunkering Summit currently taking place in Amsterdam, the new Bunker Navigator Tool utilizes member, marine information services and publicly available data to provide access to the latest developments in the global LNG bunkering infrastructure. SEA\LNGā€™s map-based toolā€¦

24 May 2017

Skangas Names LNG Bunker Supply Ship Coralius

Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum. The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015 and was built by Royal Bodewes. This new vessel will offer LNG bunkering services for Skangas, a subsidiary of Gasum, mainly operating in the North Sea, the Skagerak area and the Baltic Sea. With this new bunker feeder, LNG as a marine fuel will become more accessible for the Scandinavian region. The 1A Ice Classed Coralius is designed to safely discharge large quantities of LNG to its receiving vessel in a short period of time.

17 May 2017

New Bunker Supplier Eyes Houston/Galveston Market

File photo: Port of Houston Authority

GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post 2020 bunker fuels to be produced in Texas. The Company has secured working capital funding from a Texas-based private equity group and has entered into agreements for physical marine fuels storage at Texas International Terminals in Galveston, beginning July, 2017.