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Singapore: Seabridge Bunkering continues ops after ‘amicable settlement’ with ING bank

Bilsea Group management planning to keep bunker trade business at ‘comfortable level’ in consideration of current poor freight market and high oil market volatility.

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Singapore-based marine fuels trading firm Seabridge Bunkering Pte Ltd (Seabridge), a subsidiary of the Bilsea Group, is continuing operations as per normal after reaching an “amicable settlement” agreement with ING Bank due to an earlier exposure to O.W Bunker, shares its Managing Director.

“We reached a five-digit settlement sum with ING Bank outside court in February 2020,” Yan Xiankai, who is also the Managing Director of the Bilsea Group, told Singapore bunkering publication Manifold Times.

“Seabridge, as a well-established name in ship bunkering market, has survived after numerous crisis including the O.W. bunker case.

“Our company will continue to serve its customers like before and the business will be maintained at a reasonable scale.”

Yan noted Seabridge being currently involved with both cash in advance and credit term basis trading operations in order to maximise profit margin, while limited credit is still available from reliable partners and for its customers passing its strict credit control policy.

“For the past two decades, the stakeholders of Seabridge have diversified its business to ship chartering as ship operator, asphalt commodity trading while being a ship owner and commercial manager of asphalt tankers,” he says.

“We are also involved in crude oil futures trading, fuel oil paper trade, property investment and a few others.

“Overall, our business is financially healthy and strong even though Seabridge, which forms only part of its stakeholder’s interest, is affected.”

Moving forward, Yan notes of the Bilsea Group management planning to keep its bunker trade business at a “comfortable level” in consideration of the current poor freight market and high volatility of the oil market.

“After O.W. Bunker’s bankruptcy, there have been a few more oil companies which have been shut down in recent years due to failure of risk management,” he shares.

“Nevertheless, players involved in back-to-back bunker trades will find it more and more competitive.

“Seabridge will keep trying to rebuild its business model in the direction of integrated trading while not foregoing the necessary mechanism for proper risk control; such as by hedging when engaged in bunker trade deals.”

He also stressed the importance of building business networks to sustainably connect products and customers through employed staff and integrated trading practise.

“Seabridge stakeholders in the long run will continuously build the business model under its own ecosystem environment, whether for our established business (www.bilseagroup.com) or for new ventures (www.unimex.org),” ends Yan.

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The Seabridge Bunkering team

Related: ING Bank seeks approximately USD 113,600 from Seabridge Bunkering
Related: Seabridge Bunkering Pte Ltd under winding up application from creditor ING Bank

 

Photo credit: Seabridge Bunkering
Published: 24 August, 2020

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Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

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BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

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Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

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NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

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Ammonia

AM Green plans to build green ammonia plant at Indian port

Initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes, says VOC Port Authority.

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VO Chidambaranar (VOC) Port Authority on Friday (29 May) said it has signed a Memorandum of Understanding (MoU) with India’s ammonia producer AM Green Ammonia to collaborate in the development of a green ammonia production plant.

The plant will have a capacity of one million tonnes per annum (MTPA) at Tuticorin.

The initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes. 

The project is expected to support the development of green fuel corridors connecting VOC Port with major ports in Europe and Asia, thereby strengthening India’s position in the global green fuels value chain.

VOC Port also signed a Memorandum of Understanding (MoU) with Bureau Veritas (India) Pvt. Ltd., to collaborate on Green Port certification, emissions accounting, ESG reporting, safety validation, development of green bunkering practices, and establishment of a Centre of Excellence for green fuels and sustainability.

The port also plans for an upcoming 750 m³ green methanol bunkering facility.

 

Photo credit: Naveed Ahmed on Unsplash
Published: 3 June, 2026

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