European Shipowners Welcome EU Climate Target Proposal
The European Commission has published its proposal for a 2040 climate target: greenhouse gas emissions must be reduced by 90% by 2040 at the latest, receiving positive feedback from European shipowners.The shipowners welcome the strong commitment of the Commission to address âbarriers to the deployment of low- and zero-emissions fuels including e-fuels and advanced biofuelsâ in shipping and to give the sector âpriority access to these fuels over sectors that have access to otherâŠ
Evergreen & X-Press Feeders Ink MOA for Methanol-fueled Feedering
Global container shipping line Evergreen Marine Corporation has signed a memorandum of agreement (MOA) with X-Press Feeders, the worldâs largest independent common carrier, to place its containers on X-Press Feedersâ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe.The two companies moreover will work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.InitiallyâŠ
Russia Pledges More Oil Data to Ship Trackers
Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation in the group's agreement to curb supplies. Market analysts have struggled to verifyâŠ
Wallenius Wilhelmsen Bunkers First HSFO-Biofuel in Korea
The world's largest RoRo shipping company Wallenius Wilhelmsen reports its vessel Torrens is the first to bunker B30 HSFO-biofuel in South Korea. The bunkering took place during a call at Masan Port as part of the vessel's regular sailing schedule.A drop-in fuel that can be used in existing engines without any modification or tank cleaning, HSFO biofuel is a HSFO blended with UCOME (bio feedstock). The number of suppliers worldwide offering this particular fuel is currently very limitedâŠ
Singapore to Roll Out Electronic Bunker Delivery Notes from Nov
Singapore's Maritime and Port Authority (MPA) will launch a digital bunkering initiative on Nov. 1, making the city-state the first port in the world to use electronic bunker fuel delivery notes, the MPA said on Monday.The digital notes will replace physical documents containing information on fuel oil deliveries. Under the initiative, fuel suppliers, ship owners, operators, and crew will be encouraged to use mobile and cloud-based applications approved by the MPA to complete and issue bunkering documents.
Partners Agree Emission Reductions on Rotterdam-Singapore Corridor
The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam Authority and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterdam.The Green & Digital Shipping Corridor was established in August 2022 to bring together partners across the supply chain to realise zero and near-zero emissions shipping on the Rotterdam-Singapore route, with the ultimate aim to reach net-zero emissions in 2050.
Titan and 123Carbon Partner on Carbon Insetting
Fuel supplier Titan and 123Carbon, the first independent blockchain-based carbon insetting platform for the transport sector, have issued what they claim is the first LNG-based carbon insets.Carbon insetting enables fuel suppliers and vessel operators to transfer the environmental benefits of clean, lower carbon intensity fuels throughout the maritime value chain, enabling decarbonisation within their own supply chains. This contrasts with offsetting where the environmental benefits are made given to other industries or ventures.There areâŠ
Norden Buys Stake in Biofuels Company Mash Makes
Danish shipping company Norden on Wednesday announced it has acquired a minority stake in Mash Makes, a Danish-Indian biofuel scale-up, which researches, develops and produces renewable fuels from biomass waste.Under the deal, Nordenâwhich operates a fleet of tankers and bulk carriersâsecures access to renewable fuels, specifically biooil, at favorable pricing, the company said, noting it will also benefit from future renewable biooils once developed.âWe cannot rely solely onâŠ
Future Fuels: Methanol
Any commentator on the maritime business decarbonization voyage will offer something along the lines of "There will be multiple fuelsâŠ" With the International Maritime Organization (IMO) meetings of its Maritime Environmental Protection Committee (MEPC) set for early July, it is likely that targets for emissions will be tightened. Whatever mileposts that the IMO actually establishes, there will be no prescriptions handed down on how to get there. By mid-2023, nearly two years after the late 2021 alternative fuels crescendo in the aftermath of the COP26 meetings in GlasgowâŠ
ZeroNorth and Vitol Team Up on Emissions Reporting
Technology company ZeroNorth has signed a long-term strategic partnership with energy and commodity company Vitol.The deal will see Vitol gain full access to the ZeroNorth platform, and ZeroNorth customers will in turn gain access to Vitolâs carbon reduction solutions and bunkering services through subsidiary Vitol Bunkers.Vitol will use the ZeroNorth platform to optimise operations in a number of key business areas, including voyage, vessel, bunker and emissions optimisationâŠ
Western Restrictions on Russian Oil Reshuffle Global Shipping Patterns
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are traveling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to EuropeâŠ
EU Moves Toward Limiting Carbon Emissions from Shipping
EU countries on Thursday reached a preliminary agreement to reduce greenhouse gas emissions in the maritime sector by increasing the use of renewable fuels on ships.The deal aims to put maritime transport on the path towards meeting the EU's climate goals in 2030 and 2050, by increasing reduction targets for emissions from energy used on ships and introducing measures to encourage the use of so-called renewable fuels of non-biological origin."The agreement will make sure that fuel suppliers, ships and maritime operators will have sufficient time to adapt for the new conditions so the maritime
ZeroNorth Acquires Bunker Supplier Software Provider BTS
Technology company ZeroNorth announced that it has acquired BTS PTE Ltd., a software platform for marine fuel suppliers, headquartered in Singapore.The deal will see ZeroNorth acquire BTSâs flagship suite of services - iBMS (Intelligent Bunker Management System), which helps marine fuel suppliers, traders and brokers digitalize their business processes through eliminating unproductive tasks, automating work processes, greater sharing of information and enhancing decision making.iBMSâŠ
HMM Orders Nine Methanol-fueled Containerships
South Korean shipping company HMM announced it has ordered nine 9,000 TEU containerships capable of running on cleaner burning methanol.The $1.12 billion newbuild contracts were signed with South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC), HMM said. HSHI and HJSC will build seven and two vessels, respectively, for expected delivery from 2025 to 2026.Upon delivery, the newbuilds are scheduled to be deployed on the Asia-North/Latin America trade lanes and the Asia-India routes.
Bunker Suppliers Dan-Bunkering and Amoil Merge
Bunker fuel suppliers Dan-Bunkering and Amoil on Friday announced they will merge on January 1, 2023 under one combined brand, Dan-Bunkering.The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering sector.Dan-Bunkering is headquartered in Denmark with 11 physical locations worldwide and employs more than 100 employees. Amoil has been operating out of Durban for the past 38 years, servicing clients as the first independent bunkering company in South Africa.
Wabtec's Power Play
With shipowners pressed to upgrade machinery to meet strict new emission targets, thereâs much confusion with chatter surrounding âdecarbonizationâ and âfuture fuelsâ, solutions that donât exist today â and may not exist in mass for another generation â cluttering the conversation. Enter Wabtec, formerly GE Transportation, which today offers a Tier 4 compliant engine with no need for urea. Is it the cheapest propulsion solution on the market? No. But the Pennsylvania-based engine builder mounts a compelling case for its 250MDC diesel engine based on performanceâŠ
Singapore and Rotterdam Port Authorities to Establish Green and Digital Corridor
The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam Authority have signed a memorandum of understanding (MoU) to establish the worldâs longest Green and Digital Corridor to enable low and zero carbon shipping.Signed by Quah Ley Hoon, Chief Executive of MPA, and Allard Castelein, CEO of the Port of Rotterdam Authority at the Marina Bay Sands Convention Centre on the sidelines of the biennial World Cities Summit, the MoU will bring together stakeholders across the supply chain to realize the first sustainable vessels sailing on the route by 2027.
Ship Fuel and Lube Costs Are Skyrocketing
The $300 billion bunkering market is at a critical juncture due to the double whammy of the geopolitical crisis and the uncertainty surrounding the regulatory framework pertaining to the decarbonization of the shipping industry.âBunkering has been hit from the trickledown effect of the sanctions against Russia, and this of course has had a serious impact on prices. Pre-war, the global prices were around $750-$850 per ton, and now we are looking at prices above $1,000,â said Alexander ProkopakisâŠ
PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers
PetroChina International Singapore Pte Ltd climbed three spots to be the top marine fuel supplier in the world's biggest ship refueling hub in 2021 while the overall number of licensed suppliers fell by four to 41, official data showed on Monday.Shell Plc's Singapore bunkering unit, Shell Eastern Trading Pte Ltd, fell from the top ranking in 2020 to third, behind Singapore's Equatorial Marine Fuel Management Services Pte Ltd in second place, unchanged from 2020, the Maritime and Port Authority (MPA) of Singapore data showed.Vitol Bunkers Pte LtdâŠ
Bunker Holding Will Not Appeal Conviction for Syria Jet Fuel Exports
Fuel supplier Bunker Holding, its chief executive and a subsidiary have decided not to appeal a conviction handed to them by a Danish city court for breaching European Union sanctions, the parties said on Wednesday."Bunker Holding, Keld R.
Danish Fuel Supplier, CEO Convicted Over Jet Fuel Exports to Syria
Fuel supplier Bunker Holding, its chief executive and its subsidiary were convicted by a Danish local court on Tuesday for breaching European Union sanctions by selling jet fuel to war-torn Syria, court documents showed.Bunker Holding, a fuel trader that is also one of the world's largest shipping fuel suppliers, had together with its CEO and subsidiary Dan-Bunkering been charged with breaking sanctions imposed by the European Union in 2011, at the onset of the Syrian civil war.A total of 172,000 tons of jet fuel worth around 647 million Danish crowns ($101 million) was sold in 33 trades betwe
Founder of Singapore's Marine Fuel Supplier Charged in Shell Oil Theft Case
The founder of one of Singapore's biggest marine fuel suppliers has been charged for his involvement in a large-scale oil theft from Shell's refinery in the city-state, according to a charge sheet reviewed by Reuters.Pai Keng Pheng, the founder and managing director of Sentek Marine & Trading, was accused on Thursday of conspiring to dishonestly receive stolen property in a charge issued by the police's organized crime branch.Sentek and Shell employees and other third parties have been previously charged for their role in the theft, first uncovered in 2017.In total, about $150 million of oil was stolen over several years from the refineryâŠ
Shipping's Switch to Cleaner Fuel Has Been Smooth Sailing -ING Bank
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday.Global shipping and oil firms had flagged major concerns over potential disruptions from International Maritime Organization (IMO) rules implemented at the start of 2020, which capped marine fuels' sulphur content at 0.5% against 3.5% previously.However, shipping and marine fuel suppliers say expected technical issues, such as damage to engines from