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Marine Bunker Fuel

CEFC Bags Bunker Licence for Zhoushan Free Trade Zone, China

Image: CEFC China Energy Company Limited

 CEFC China Energy was awarded a licence by Zhoushan Free Trade Zone for supply  marine bunker fuel off the east coast of China to vessels on international voyages, reports Reuters.   The report quoted two CEFC officials saying that the license is to supply bunker fuel from bonded storage to vessels that call at the Zhoushan area.    The Zhoushan Free Trade Zone is in the coastal province of Zhejiang and is a new free trade zone the Chinese government approved earlier this year to boost commodities trade.   Chinese media yicai.com reported last week that three other companies including Zhejiang Energy Group, Jiangsu CNPC & Tafo Petroleum Corp and a unit of privately run Herun Group were also given licenses.   Those permits bring the total number of tax-bonded bunker licenses in the country to nine. Transactions from bonded tanks are exempted from taxes.   The new permit allows CEFC to expand its China oil business which has until now largely focused on operating its 17.6 million-barrel storage facility in the southern island province of Hainan.   CEFC China Energy Company is a private collective enterprise with energy and financial services as its core business.   


LNG America, Buffalo Marine to Design LNG Bunker Fuel Network

Image: LNG America

LNG America announced it has entered an agreement with Buffalo Marine Service, Inc. (Buffalo Marine) to cooperate on the design of an LNG bunker fuel network for the U. S. Gulf Coast region. LNG America is developing a hub-and-spoke delivery system for LNG as fuel for the marine market and other high horsepower applications. Ultimately, LNG America will establish delivery infrastructure for the delivery of LNG as fuel in major U.S. ports


UAE Bunker Traders Appointed by GAC Bunker Fuels

GAC Bunker Fuels has appointed two new UAE-based bunker traders as part of its regional expansion plan. Georgia Paravalou will trade and broker marine fuels in her new role. Aneconomics and management graduate, she joins GAC Bunker Fuels from AP&A. Ltd, where she worked as a shipbroker, coordinated the marketing department and developed business in the UK and South China. Anthony Inglis is charged with expanding GAC's bunker business in the Middle East and developing bunkering


OW Bunker, Petrocosta Collaborate in Latin America

OW Bunker has entered into a partnership with Petrocosta CI SA, a Colombian fuel marketing and transportation company. The agreement will further develop OW Bunker’s physical distribution network of marine fuel in Colombia and support its growth across Latin America.    Petrocosta’s responsibilities will include the sourcing, blending, storage and transportation of marine fuel products. OW Bunker will handle the sale and marketing of products through its existing network


Bunker Fuel Market Poised 460 million tons by 2020

Image: GAC Bunker Fuel

 Transparency Market Research launched its latest study on the global bunker fuel market, in terms of revenue and volume. The report predicts that the global bunker fuel market is likely to reach an estimated volume of 460 million tons by 2020.    The market, therefore, is poised to exhibit a moderate 3.1% CAGR during 2014-2020, expanding from 372.30 million tons in 2013. Bunker fuel is a fractionally distilled liquid fuel derived from crude oil.   


IBIA on Global sulphur cap

Image: International Bunker Industry Association

 Even if, in theory, globally there is refining capacity to produce sufficient fuels to meet the 0.50% sulphur cap in 2020, if you take a more detailed look the picture is very different.   In fact, several countries told the 70th session of the Marine Environment Protection Committee (MEPC 70) that they would not have sufficient refining capacity to offer compliant fuels to ships in 2020.    Some of these countries are major bunker markets today


Singapore To Hold International Bunkering Conference

The 12th Singapore International Bunkering Conference (SIBCON) 2002, to be held from September 26-28, 2002 at the Shangri-La, Singapore, will be officially opened by Mr Khaw Boon Wan, Senior Minister of State for Transport, and Information, Communications & the Arts on 26 Sep 2002. Khaw would also be delivering the opening address for the ceremony. This biennial event will bring together some 25 maritime and marine fuel experts from around the world to speak on the latest international


First LNG Bunkering of OSV in North America

M/V Harvey Energy Image courtesy of Harvey Gulf International Marine)

Harvey Gulf International Marine, LLC reported that its dual fuel offshore support vessel (OSV) M/V Harvey Energy has today bunkered LNG as a marine fuel. The news makes Harvey Gulf the first North American owner/operator of a dual fuel OSV to bunker LNG as a marine fuel, as well as the first to complete a truck to vessel transfer of LNG.   The bunkering took place at a shore-based terminal owned by a subsidiary of Martin Midstream Partners L.P. in Pascagoula, Miss


LNG Bunkering Commences in Australia

(Photo: EVOL)

First Australian commercial LNG bunkering completed in WA’s north-west on 23 January 2017 by EVOL LNG for Woodside   Under an agreement with Woodside, EVOL LNG refueled the platform supply vessel, Siem Thiima, on January 23 at King Bay Supply Base near Dampier. Business Manager, Nick Rea sees it as just the beginning. “Our decision to enter the LNG bunkering market is part of a long-term strategy that recognizes environmental and economic sustainability of LNG as a transport


ExxonMobil Joins with Eagle LNG, Crowley on LNG Marine Fueling

Image: Crowley

 ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America.   The three companies signed a Memorandum of Understanding (MoU) on June 27, 2017. The parties will initially focus their efforts in Florida before expanding to other North


OW Bunkers Investors in Legal Action Against IPO Banks

A group of 24 Danish institutional investors in OW Bunker has decided to issue a writ against Carnegie and Morgan Stanley, accusing them of misleading investors ahead of the 2014 listing of the now bankrupt marine fuel oil supplier.  


Brightoil Launches Online Bunker Trading Platform

© Riccardo Arata / Adobe Stock

International bunker trader and supplier Brightoil has launched a new suite of online tools that aims to transform the way bunker fuel is traded globally.   Brightoil Bunker Online E-Delivery platform is now live and includes a Forward Fixed Price (FFP) facility making the process of buying


Marine Biofuels As Sustainable Alternative For Shipping

Participants of the roundtable share insights on the use of marine biofuels as sustainable alternative fuel for shipping. Photo: Maritime and Port Authority of Singapore

 The inaugural biofuel roundtable was held in Singapore today to drive discussions on the use of biofuels as a sustainable alternative fuel for the future of shipping.    Organised by the Maritime and Port Authority of Singapore (MPA), BHP and GoodFuels Marine (GoodFuels)


South Korea to Build World's Largest LNG-Fueled Ship

The Asia Energy, one of the new LNG carriers, during sea trials in South Korea. Photo: Chevron Corporation

 In an effort to go green amid looming strict emission rules, South Korea will launch a pilot program to build the world's largest vessel powered by liquefied natural gas (LNG), reports Yonhap.   South Korean Ministry of  Oceans and Fisheries  said it will join forces with


Singapore, Japan Feasibility Study LNG-Fuelled Car Carriers

Singapores Coordinating Minister for Infrastructure & Minister for Transport, Mr Khaw Boon Wan, met Minister Keiichi Ishii, Minister of Land, Infrastructure, Transport and Tourism (MLIT), Japan on 28 August 2017. Photo: Maritime and Port Authority of Singapore

 To promote LNG bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers


IMO Low-Sulfur Requirements to Disrupt Industries

Photo:  International Maritime Organization (IMO)

 The International Maritime Organization (IMO) recently confirmed that global refiners and shippers must comply with new regulations to reduce the sulfur content in marine bunker fuels by January 2020—five years earlier than many expected.   


New Study Looks at LNG Bunkering for Car Carriers

© John Wollwerth / Adobe Stock

To help promote liquefied natural gas (LNG) bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbors Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG


Panoil, Universal Energy Lose Singapore Bunker Supply Licence

Photo: Panoil Petroleum Pte Ltd

 The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017.   The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed


Aegean Marine, Freepoint Commodities Pact on Bunkering Sales

Photo: Aegean Marine Petroleum Network

 Aegean Marine Petroleum Network and Caribbean Bunkers LLC have signed an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.   Under terms of the agreement, Aegean will market bunker fuels and marine gas oil supplied by


OW Bunker Investors to Sue IPO banks

Institutional investors to sue Morgan Stanley, Carnegie.   A group of institutional investors in OW Bunker said they plan to sue Morgan Stanley and Carnegie for about $80 million, accusing the two investment banks of misleading them ahead of the 2014 listing of the now bankrupt marine fuel


Power Play: Engine Suppliers Prepare for 2020

(Photo: MAN Diesel & Turbo)

Engine suppliers prepare for IMO 2020 fuels sulfur content cap   Kjeld Åbo, Chairman of CIMAC (the International Council on Combustion Engines) Fuels Working Group and Director Customer Support, Two Stroke Marine at MAN Diesel & Turbo, has said that the IMO’s proposed 0


Arctech Helsinki Shipyard Awards Contract to MELCAL

(Image: Arctech)

MELCAL said it has received a new contract from Arctech Helsinki Shipyard for the design and production of two ATEX Zone 1, IIB T3 cranes to be installed onboard an icebreaking arctic tanker.   The hose handling cranes will feature heated cabins and are designed to handle both cargo hoses


MAN Cryo to Supply LNG Bunkering for Swedegas

Photo: MAN Cyro

MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with Swedish infrastructure company, Swedegas, to deliver an LNG bunkering facility within the Port of Gothenburg. The new facility will enable vessels to bunker LNG from trucks or containers


Marine Fuels Supplier Bomin Group Launch New Brand Identity

Photo: Bomin Group

 The Bomin Group, a leading global physical supplier and trader of marine fuels, today announced the launch of a new brand identity and website as it positions itself to deliver the company’s next phase of global growth.   The shipping industry is experiencing significant change


Global LNG Bunkering Market to Reach USD 8.19bln by 2023

Photo: Shell

 Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%.   According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical






 
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