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Alternative Fuels

Straits Energy Resources secures fuel delivery contract for PetroVietnam project

Tumpuan Megah Development to supply diesel for the PM3-CAA project for a period of about three and a half years from 6 December 2021 to 4 June 2025.

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Malaysia-listed Straits Energy Resources (SER), formerly known as Straits Inter Logistics, on Monday (13 December) said its 70% owned subsidiary Tumpuan Megah Development Sdn Bhd (TMD) has secured a Call-Off Contract from PetroVietnam Technical Services Corporation (PTSC).

The contract is for the supply of diesel for the PM3-CAA project for a period of about three and a half years from 6 December 2021 to 4 June 2025. 

The contract has no specific value as the supply of diesel will be on call basis throughout the duration of the contract. The PM3-CAA project involves offshore fields located throughout a 2,008 km2 area in the overlapping zone between Malaysia and Vietnam.

This is the first international contract secured by Straits as it expanded its footprint throughout the region and this award is a recognition of Straits brand name in delivering reliable services and quality products, it states.

Inclusive of the contract, PTSC will get highly reliable, efficient and safe fuel delivery services through Straits comprehensive network, infrastructure and tight operating procedures.

PTSC is a member of the Vietnam National Oil and Gas Group (PetroVietnam) and has established itself as a multi-sector corporation and leader in providing oil and gas technical services in and outside Vietnam. 

Meanwhile, PetroVietnam is a state-owned corporation established since 1975 and is engaged in the energy sector, including oil and gas and renewable energy. 

PetroVietnam has grown into a fully integrated business model, ranging from exploration production, refinery-petrochemical, gas industry, gas to power/fertilizer and petroleum technical services. 

Straits’ Group Managing Director Dato Sri Ho Kam Choy commented: “We are thankful and proud to be given this opportunity by an established and reputable company like PTSC and appreciate their trust in awarding this contract to us.”

“Straits Group has been working tirelessly the last few years to grow its business and this contract win has further given us the impetus to scale new heights. With our established network, infrastructure and a fleet size of 14 vessels, we stand ready to deliver reliable services and products for this PTSC project. Moving forward we will explore further with PTSC for other areas of collaboration in their other projects to increase our revenue stream.”

Straits is principally engaged in oil trading and fuel bunkering services, ship management, port operation and management, inland transportation and investment holding activities.

Oil bunkering services involve the provision of refuelling marine fuel oil and marine gas oil through its vessels to other ships and ocean faring vessels such as oil tankers, container vessels, cargo vessels and cruise ships and currently, its 70% owned subsidiary TMD, operates in 15 ports in Malaysia.

 

 

Photo credit: Straits Energy Resources
Published: 14 December, 2021

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Decarbonisation

DNV: New research shows how regulation could reshape shipping

DNV summarizes findings of its latest Maritime Forecast to 2050, exploring how future scenarios could affect marine fuel demand, technology uptake, fleet investments, and competitiveness.

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Classification society DNV on Thursday (24 September) released a new article summarizing findings of its latest Maritime Forecast to 2050, exploring how future scenarios could affect marine fuel demand, technology uptake, fleet investments, and competitiveness: 

Shipping’s energy transition has entered a new phase. The technology options are increasingly well understood. LNG, methanol, biofuels, wind-assisted propulsion, and emerging ammonia solutions are no longer concepts but commercial realities. Yet despite this progress, shipowners face a more difficult challenge than ever: making investment decisions amid unprecedented regulatory uncertainty.

The 2026 edition of DNV’s Maritime Forecast to 2050 argues that uncertainty itself is now becoming one of the most important drivers of fleet strategy. 

“Decisions taken today on vessel design, retrofits, and fuel capability will determine competitiveness for decades, while the outcome of ongoing regulatory negotiations could significantly reshape the economics of shipping’s energy transition,” says Øyvind Sekkesæter, Senior Consultant at DNV and lead author of this year’s report. “Maritime Forecast to 2050 aims to assist that decision-making with our latest core insights and case study examples.”

Four regulatory scenarios could shape shipping very differently

This year’s Maritime Forecast takes a scenario-based approach, presenting four possible regulatory futures for shipping. These range from the full adoption of IMO’s initially approved Net-Zero Framework (NZF) to its rejection and prolonged political gridlock, while also exploring several intermediate outcomes, including a delayed or revised NZF and scenarios where regional regulations play a more prominent role in driving decarbonization. Rather than predicting which outcome is most likely, the scenarios illustrate how different regulatory futures could affect fuel demand, energy-efficiency uptake, investment signals, and fleet competitiveness.

t1 ind 673 scenarios

Stronger global regulation accelerates demand for low-GHG fuels and increases the attractiveness of energy-efficiency measures, while the absence of such regulation slows market development. The result is a transition whose pace may vary significantly depending on future policy decisions.

“For shipowners, this means the challenge is no longer identifying a single fuel pathway that fits the operational profile of their fleet. Instead, it is preparing fleets that remain competitive across multiple possible futures,” Sekkesæter concludes.

Tapping the fleet’s efficiency potential

Fully realizing the fleet’s energy-saving potential requires improvements not only to newbuilds but also to existing ships through retrofits.

Installing energy-saving devices during scheduled dry-docking can be a highly cost-effective decarbonization strategy, as illustrated by the Maritime Forecast’s case study of a hypothetical 15-year-old 5,000 TEU containership (built in 2013).

This envisages USD 2.35 million being invested to retrofit the ship with hydrodynamic enhancements including a bow retrofit, propeller upgrade, and a propeller boss cap fin.

The vessel can achieve estimated fuel savings of around 16% under the modelling assumptions. Evaluating the investment under three price scenarios for low sulphur heavy fuel oil (LSHFO) results in payback periods from 1.4 years to 4.2 years.

Note: The full Maritime Impact article by DNV can be found here. 

 

Photo credit: DNV
Published: 25 September, 2026

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Alternative Fuels

Höegh Autoliners orders six more ammonia, methanol-ready Aurora class PCTCs

Höegh Autoliner inked a contract with China Merchants Group for six additional Aurora class PCTCs, which will be built by China Merchants Heavy Industry (Jiangsu) and delivered between 2029 and 2031.

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Höegh Autoliners orders six more ammonia, methanol-ready Aurora class PCTCs

Höegh Autoliners on Tuesday (22 September) said it has formally signed a contract with China Merchants Group (CMG) for six additional Aurora class pure car and truck carriers (PCTCs). 

The contract was signed during a high-level meeting in Naples attended by senior representatives from both companies, including Miao Jianmin, Chairman of China Merchants Group. Chair of Höegh Autoliners, Leif O. Høegh, and Andreas Enger, CEO of Höegh Autoliners.

The six additional dual-fuel LNG and zero-carbon-ready vessels will be built by China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) and delivered between 2029 and 2031. 

With 18 Aurora Class vessels in the programme, Höegh Autoliners is building the fleet needed for a zero- emission future and setting the pace for the transformation of deep-sea shipping.

The Aurora Class vessels can carry up to 9,100 cars and reduce carbon emissions per transported car by up to 58 per cent compared with conventional PCTCs. They have DNV’s ammonia-ready and methanol-ready notations and are designed to be converted to run on future zero-carbon fuels.

Leif O. Høegh, Chair of the Board of Directors of Höegh Autoliners, said: “For nearly 100 years, we have developed, adapted and led the way through major changes in shipping. It is in our DNA to keep moving and challenge what is possible. This signing continues that story. We are investing in the vessels that will define our fleet for decades and help move our industry towards zero emissions.”

Andreas Enger, CEO of Höegh Autoliners, said: “This is not just another vessel-building agreement. It is a statement about the future of deep-sea shipping and the role we intend to play in shaping it. The Aurora Class is at the heart of our fleet renewal and our path to a sustainable future. By expanding the programme to 18 vessels, we are securing efficient, flexible and future-ready capacity while setting the pace towards zero-emission operations.”

Miao Jianmin, Chairman of China Merchants Group, said: “Höegh Autoliners is a pioneer in international shipping and will celebrate its 100th anniversary next year. We would like to offer our congratulations in advance! Over the past century, Höegh Autoliners has achieved remarkable development and has grown into a leading company in the global RoRo shipping sector. We truly admire what you have accomplished.”

 

Photo credit: Höegh Autoliners
Published: 24 September, 2026

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Newbuilding

CLdN orders two LNG dual-fuel RoRo vessels from HD Hyundai Heavy Industries

New vessels will be built with space reserved for the future addition of larger electric shaft generators and batteries as the technology matures.

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CLdN orders two LNG dual-fuel RoRo vessels from HD Hyundai Heavy Industries

Europe’s multimodal logistics providers CLdN on Tuesday (22 September) announced it has placed an order for two new 6,700 lane-metre RoRo vessels with HD Hyundai Heavy Industries (HD Hyundai HI).

Construction of the new vessels is set to begin towards the beginning of 2028, with delivery scheduled for mid-2029. 

“The ships will be the 15th and 16th vessels ordered by CLdN from the South Korean shipbuilder over the past 10 years,” the company said on its website. 

The new vessels will be dual-fuel capable, able to run on standard marine diesel or LNG, and will be built with space reserved for the future addition of larger electric shaft generators and batteries as the technology matures.

While fuel consumption per vessel is expected to be similar to that of CLdN’s existing 5,000 lane-metre class ships, the increased cargo capacity of the new vessels is expected to deliver 30 to 40% better fuel efficiency per tonne-kilometre of cargo carried making the vessels the most fuel-efficient RoRo ships in the world.

The new vessels are designed with one additional deck and increased ground space compared to CLdN’s existing 5,000 lane-metre class ships, with a configuration specifically adapted for trailer cargo. 

“The addition of these vessels to CLdN’s fleet will ensure customers benefit from an even broader range of shipping options via CLdN’s extensive fleet of RoRo and container vessels,” the company said. 

 

Photo credit: CLdN
Published: 24 September, 2026

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