Business

Wah Kwong, QIYAO, Bureau Veritas launch feasibility study on carbon capture and storage on ships

CCS concept developed by QIYAO has completed laboratory testing, achieving a total carbon capture rate of over 85% so far; CCS unit can be designed for different ship types and sizes.

Published

4 years ago

August 3, 2022

Admin

Bureau Veritas (BV), Hong Kong shipowner Wah Kwong, and Shanghai Qiyao Environmental Technology Co. Ltd. (QIYAO), a subsidiary of Shanghai Marine Diesel Engine Research Institute, have signed a cooperation agreement to study the feasibility of installing carbon capture and storage (CCS) units on existing ships to meet 2030 CII targets, according to BV on Monday (1 August).

The study will focus on two types of bulk carriers in operation in the Wah Kwong fleet.

Based on the specific design parameters of the vessels, QIYAO has developed a customised design of CCS units for the Wah Kwong fleet and submitted relevant drawings. BV reviewed the plans according to existing regulations and rules to ensure the safety of the vessels and equipment, and that the carbon emission reduction targets are effectively achieved during the operation of the vessels. Subsequent research work will be conducted for oil tankers.

Wah Kwong, QIYAO, Bureau Veritas launch feasibility study on carbon capture and storage on ships

The CCS concept developed by Qiyao Environmental Technology has completed laboratory testing, achieving a total carbon capture rate of over 85% so far and the system is in the process of continuous optimisation. The CCS unit can be designed for different ship types and sizes. The design approval of the CCS unit is under review.

The CCS system mainly consists of an absorption unit, a separation unit, a compression unit, a refrigeration unit and a storage unit. The main principle is that the organic amine compound solution reacts with the carbon dioxide (CO2) in the absorption unit, separating it from the rest of the exhaust gas.

The dissolved carbon dioxide compound solution is desorbed at high temperature in the separation tower, before the extracted carbon dioxide is compressed, purified and cooled into liquid carbon dioxide and stored in a low temperature storage tank.

Alex Gregg-Smith, Senior Vice President & Chief Executive, North Asia & China, Bureau Veritas Marine & Offshore, said: “The transition to a greener shipping industry is critical. Carbon capture, utilisation and storage (CCUS) technology captured a total of 40 million tonnes of CO2 in 2021 according to the International Energy Agency (IEA), notably in industrial projects on shore.”

“This makes CCUS one of the options available today that could significantly contribute to achieve carbon neutrality, as well as a promising avenue for reducing emissions from shipping. We are very honoured to collaborate on this study.”

“BV’s expertise in supporting CCUS projects, combined with Wah Kwong’ and QIYAO’s technical and strategic capabilities, will help to spur the implementation of CCUS technology in the shipping industry.”

Photo credit: Bureau Veritas and Wah Kwong
Published: 3 August, 2022

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

5 hours ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

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

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

5 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

5 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026