Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Bunker C News

19 Mar 2024

BIMCO: 13% of World Seaborne Trade Under Attack from Houthis and Somali Pirates

One of the largest of the international shipping associations BIMCO has reported increased threats associated with maritime shipping amid Red Sea risks related to Houthi strikes and rise of piracy activities offshore Somalia.Since November 2023, the threat to shipping has increased as the Houthis started attacking ships in the Red Sea and the Gulf of Aden. Simultaneously, piracy activity off the East coast of Somalia has risen and since December, two bulk carriers and several fishing ships have been hijacked.

19 Mar 2024

Master Boat Builders Delivers Tug for Seaside LNG/Polaris New Energy

Tortuga (Photo: Master Boat Builders)

Coden, Ala. shipbuilder Master Boat Builders on Monday announced it has delivered Tortuga, the latest tugboat to join Seaside LNG/Polaris New Energy fleet.Tortuga will connect with the barge Clean Everglades, delivered from Fincantieri Bay Shipbuilding in 2023, to form a Jones Act compliant articulated tug and barge (ATB) for bunkering liquefied natural gas (LNG).The new tug has an overall length of 109 feet and features two Caterpillar 3512E main engines, EPA Tier 4 certified and each producing 2,000 horsepower.

22 Mar 2024

Fortescue Conducts World's First Ammonia Bunker Trial in Singapore

Source: MPA

Fortescue has conducted the world's first ammonia marine bunker operation in the port of Singapore, the city-state's Maritime and Port Authority (MPA) and the Australian mining company said on Friday.The Singapore-flagged Fortescue Green Pioneer was loaded with liquid ammonia from an existing facility at Jurong Island's Vopak Banyan Terminal for the trial, Fortescue and MPA said in a joint statement.The vessel is dual-fuelled and can adopt ammonia for bunkering in combination with diesel.

14 Mar 2024

NYK Receives Data Management Award

Source: NYK

NYK received the grand award at Data Management 2024 hosted by the Japan Data Management Consortium (JDMC) on March 8.JDMC established the Data Management Award in 2014 to publicize data management's role and importance and share pioneering know-how.NYK has been developing and utilizing data lakes - a data management system for data utilization and analysis. They are suitable for collecting and storing vast amounts of data, regardless of the format or scale of the data to be stored.NYK…

14 Mar 2024

Seapath Launches Jones Act Leasing Business

(Photo: The Libra Group)

Libra Group subsidiary Seapath has launched a Jones Act leasing business offering maritime leasing and financing solutions and a growing portfolio of vessels valued at approximately $25 million.The group said it sees significant unmet demand for the supply of Jones Act compliant transport assets.Joshua Lubarsky, president of Seapath, said, “Domestic maritime transportation is the backbone of the U.S. transportation system. By launching our new Jones Act leasing business, Seapath…

13 Mar 2024

Ships Above 12,000 TEU Drive 100% Increase in Average Ship Size

Source: BIMCO

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today, just 626 ships provide 36% of the fleet’s capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world. It is 400 metres long, 56 metres wide and has a capacity of about 17,800 (14,000 TEU when delivered).

05 Mar 2024

Singapore Highlights its Maritime Achievements for 2023

© anekoho / Adobe Stock

The Singapore government has recounted the achievements of Maritime Singapore to date to highlight the nation’s successes as a maritime hub in 2023:Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. Twenty-five maritime companies established or expanded their operations in Singapore last year. These included maritime services companies and companies setting up sustainability desks in Singapore as part of their…

29 Feb 2024

KOTUG Takes Full Ownership of Its Bahamas Towage JV with SEACOR

(File photo; KSM)

KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.-based SEACOR Holdings via its Seabulk subsidiary KS Maritime Holdings, owner of the 50% share in KSM.Founded in 2017, KSM acts as the exclusive provider of maritime terminal support services for Buckeye Partners’ Bahamas Hub…

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 ‘oil tankers’ and are therefore restricted to a maximum of 25% bio component in biofuel blends.

19 Feb 2024

Brassavola Completes Maiden Ship-to-Ship LNG Bunkering Operation

Brassavola vessel (Credit: Seatrium)

Pavilion Energy, the charterer of Singapore’s recently delivered first membrane LNG bunker vessel Brassavola, has concluded its first Ship-to-Ship (STS) LNG bunkering operation.Pavilion Energy said on February 19, 2024, the bunkering operation to Rio Tinto chartered dual-fueled bulk carrier, Mount Api was successfully completed.Brassavola was recently delivered by Seatrium, to owner Indah Singa Maritime, a wholly-owned subsidiary of Mitsui O.S.K Lines (MOL).Seatrium Delivers Singapore’s…

13 Feb 2024

Sunken Ship Spilling Oil in Trinidad and Tobago

(Photo: Office of the Chief Secretary)

First responders and volunteers from Trinidad and Tobago on Tuesday sought to contain an oil spill detected last week in the Caribbean country's waters and clean areas of Tobago island's coast already affected by the incident.Trinidad and Tobago's coast guard first spotted the spill on Feb. 7, about 6 kilometers off the coast of Studley Park, the chief secretary of Tobago's national assembly, Farley Augustine, said in a press conference on Sunday.Barriers have been installed to contain the spill…

29 Jan 2024

Seatrium Delivers Singapore’s First Membrane LNG Bunker Vessel

Brassavola vessel (Credit: Seatrium)

Seatrium has delivered Brassavola, Singapore’s first membrane LNG bunker vessel built locally by the group, to owner Indah Singa Maritime, a wholly-owned subsidiary of Mitsui O.S.K Lines (MOL).Following delivery, Brassavola will be chartered by Pavilion Energy to supply LNG bunker in the Port of Singapore.The vessel, which is expected to start operations in February 2024, will also be deployed by TotalEnergies Marine Fuels to serve its customers under a long-term agreement with Pavilion Energy.Measuring 116.5 meters in length and 22 meters in width…

26 Jan 2024

Headway Hosts Low Carbon Solutions Themed Seminar in Singapore

Image courtesy Headway

Headway Technology Group, a leader in green shipping technology, hosted a seminar on January 23, 2024, at Parkroyal Collection Marina Bay, Singapore. The event, themed "Innovation for better low carbon solution" drew more than100 delegates, including representatives from Singaporean ship owners, shipyards, designing institutes, and alternative fuel associations. The focus of the seminar was to engage in meaningful discussions on the challenges and opportunities within the realm of low-carbon shipping.In the keynote speech…

24 Jan 2024

Gas and Heat and RINA Cooperate on Ammonia-Fueled Bunker Vessel

Source: RINA

Italian cargo handling systems company Gas and Heat has signed an agreement with RINA for the development of a cargo and fuel gas system for an ammonia fueled bunker vessel.Gas and Heat will develop the basic design of the system, and RINA will carry out the compliance assessment of the design as part of the wider approval in principle process.The ammonia combustion process has been extensively researched by the leading engine manufacturers and the delivery of ammonia fueled engines to shipbuilding is likely to happen within this year.Giuseppe Zagaria…

18 Jan 2024

Indian Navy Rescues Crew from US-Owned Ship After Attack Off Yemen

(Photo: Indian Navy)

The Indian Navy said on Thursday it had rescued the crew of a U.S.-owned vessel in the Gulf of Aden after an attack by Yemen's Houthi movement as tensions in the region's sea lanes disrupted global trade.Following the attack on the U.S. Genco Picardy late on Wednesday, the U.S. military said its forces had conducted strikes on 14 Houthi missiles that "presented an imminent threat to merchant vessels and U.S. Navy ships in the region".Attacks by the Iran-allied Houthi militia on…

17 Jan 2024

Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel

(Credit: Fratelli Cosulich)

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8…

16 Jan 2024

Equatorial, TFG and Sinopec are Singapore's Top Three Marine Bunker Suppliers in 2023

© Igor Groshev / Adobe Stock

Equatorial Marine Fuel Management Services, TFG Marine and Sinopec Fuel Oil Singapore were the top three marine bunker suppliers in Singapore, the world's largest bunker hub, in 2023, latest data from the port authority showed.Equatorial maintained its top position for a second consecutive year, while Trafigura's TFG Marine rose one spot to become the second largest supplier, data from Singapore's Maritime and Port Authority showed.Sinopec Fuel Oil Singapore jumped 16 spots to become the third largest supplier, the data showed.

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’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 vessels…

08 Jan 2024

Seaspan LNG Bunkering Vessel Launched

(Photo: Seaspan)

Seaspan Energy announced the launch of Seaspan Garibaldi, the first of three 7,600m3 liquefied natural gas (LNG) bunkering vessels being built by CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.The newbuild is named after Mount Garibaldi, or “Nch’ḵay̓” as the Squamish Nation has known it for thousands of years. This series of vessels will be named after iconic West Coast mountains and the first two vessels will be delivered in 2024 with the third vessel arriving in 2025.The Seaspan Garibaldi will be based in the Panama region…

02 Jan 2024

Amogy Brings Ammonia Into the Mix

© Forance / Adobe Stock

Ammonia is one of several renewable fuels seen as an option to help the maritime industry decarbonize.One of the companies working to unlock the fuel’s potential is Brooklyn, N.Y. based Amogy, developer of an onboard system that feeds liquid ammonia through a cracking process to create hydrogen on demand for power generation via fuel cell—without carbon emissions.Having already demonstrated its technology on an aerial drone, tractor and semi-truck, Amogy is currently working to…

02 Jan 2024

ISS Takes Majority Stake in Leth Suez Transit

Inchcape Shipping Services has taken a major share of Leth Suez Transit Ltd AS (LETH). Under the new ownership structure, Otto Jervell, the CEO of LETH, will continue to helm the company as a part-owner.LETH, with its heritage starting in 1924 as a bunker supplier in Egypt, has grown into a globally recognized top transit agent. The company currently handles more than 200 transits per month in the Suez Canal.While the Suez Canal remains at the core of LETH, the company's expertise and solution-oriented approach have expanded to cover other vital transit locations, including the Panama Canal, the Turkish and Danish Straits, and key bunkering locations such as Singapore and Gibraltar.

28 Dec 2023

Low Flashpoint Bunkers Identified in Indonesia

© TED / Adobe Stock

Singapore-based CTI-Maritec has found that seven samples from four different suppliers representing HSD and Bio Distillate grade deliveries in Indonesia have a flashpoint as low as 35°C.The samples were taken between December 10 and 19 2023.The company reminds that SOLAS Chapter II-2, Part B, Reg. 4. Clause 2.1.1 states: “The following limitations shall apply to the use of oil as fuel, except as otherwise permitted by this paragraph, no oil fuel with a flashpoint of less than…

21 Dec 2023

As Shipping Preps to Meet Carbon Targets, Will fuels be Available?

Chart courtesy BIMCO / Source: Clarksons Research

“The International Maritime Organization’s (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustainable biofuels. Many different sectors will compete for those fuels, so shipping is focusing on transitioning to alternative green and blue fuels. Today, only 1% of bulk, container, and tanker ships are prepared for using these fuels and fuel availability is low,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The IMO targets that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030…