Business

Malaysia: Petronas Marine and Titan LNG repeat STS LNG bunkering partnership

Performs first LNG bunker delivery under joint contract for “Yuan Rui Yang”, the world’s first LNG-fuelled VLCC chartered by Koch Industries and owned by Cosco.

Published

4 years ago

April 13, 2022

Admin

Independent physical liquefied natural gas (LNG) marine fuel supplier Titan LNG on Tuesday (12 April) said it has partnered with Petronas Marine to deliver LNG to VLCC Yuan Rui Yang under a Term Supply Agreement.

The ship-to-ship transfer (STS) bunkering of the world’s first LNG-fuelled VLCC took place in the port of Pasir Gudang, Malaysia using the Avenir Advantage, Petronas’ long term-chartered barge.

The Yuan Rui Yang, delivered in February this year, is the world’s first LNG-fuelled VLCC and is chartered by Koch Industries and owned by Cosco.

The vessel is 333 metres long, 60 metres wide and 30.5 metres deep. It has a WinGD low-pressure dual-fuel main engine and two 3,500 cubic metre LNG storage tanks.

This is the first bunker delivery under contract agreement between Titan LNG and Koch Industries and marks another milestone for the Petronas-Titan collaboration, which has previously supplied LNG across Asia to vessels including the Siem Aristotle and several other smaller vessels that were en route from Asia to Europe.

This demonstrates Titan LNG and Petronas’ shared purpose to create a cleaner future.

Global access is now a reality as the LNG bunkering pioneers collaborate to deploy expertise worldwide. As the expansion of LNG infrastructure continues to build momentum in meeting cleaner energy demand, multiple players are coming together to ensure availability and supply, as well as technical assistance and compatibility.

As an independent supplier, Titan LNG assists customers and partner suppliers in realising the common goal of making LNG the preferred fuel for a sustainable future, helping both sides to optimise the LNG supply process and providing technical knowledge for efficient compatibility checks.

“We are proud of the strong and ongoing relationship with our supply partner, Petronas Marine, and the faith shown by our long-term customer, Koch Industries. As the LNG pathway gains recognition and momentum, taking a collaborative approach enables us to continue to deliver LNG safely across Europe, Asia and around the world,” said Titan LNG Commercial Director Marine Michael Schaap.

“Shipping companies such as Cosco and Koch are becoming much more aware of how to meet the 2030 and 2050 decarbonisation targets and recognise that the use of LNG as a marine fuel has a multitude of benefits.

“Not only its negligible local emissions profile but its clear global emissions reduction pathway through the introduction of bioLNG and hydrogen-derived LNG. This is why Titan is committed to providing access to LNG, and all commercially viable alternative fuels, enabling more shipping companies to start the journey towards a zero-carbon future today.”

Titan LNG’s collaboration with Petronas Marine has reached yet another milestone with the safe and smooth LNG bunkering supply to Koch Industries.

The collaborators believe that LNG, as the cleanest burning fossil fuel, is currently the best option for the energy transition. Petronas Marine, as a one-stop marine solutions partner in the region, will continue to ensure reliable and competitive LNG supply for the Asia-Pacific and Europe Trading route.

Global demand for LNG as a marine fuel continues to expand as the LNG pathway through bioLNG and eventually hydrogen-derived LNG becomes increasingly clear.

Titan LNG expects to have the largest network of LNG bunkering vessels in Europe by 2025 and will continue to form strategic partnerships with organisations to ensure global accessibility for its customers.

Photo credit: Titan LNG
Published: 13 April, 2022

Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

Published

2 days ago

June 5, 2026

Admin

A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Photo credit: steve pb from Pixabay
Published: 5 June, 2026

LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

Published

2 days ago

June 5, 2026

Admin

CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels.

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.

Published

2 days ago

June 5, 2026

Admin

India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum.

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post.

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya.

Photo credit: CHUTTERSNAP on Unsplash
Published: 5 June, 2026