Business

VPS launches Core software to empower customers in cutting emissions footprint across fleets

‘Core is designed to meet needs of stakeholders in maritime value chain working hard to reduce their company’s emissions footprint,’ says Sindre Bornstein, CCO of VPS Decarbonisation.

Published

4 years ago

October 18, 2022

Admin

Marine fuels testing company VPS on Monday (17 October) announced the launch of their advanced new software, Core.

Core is an extension of the services offered by VPS. It has been specifically designed to help vessel owners plan to meet emission targets, handle tightening market and regulatory pressure more effectively and efficiently and enable their customers to achieve the latest emission targets.

According to VPS, the maritime industry’s emissions need to be reduced by at least 50% by 2050 to meet IMO targets despite a growing demand for shipping and ocean activity. For the vessels sailing today, their carbon intensity needs to be reduced by 40% by 2030.

The latest IMO regulations around CII and EEXI will come into effect in early 2023, and new market dynamics will increase the importance allocated to emission reductions.

“Currently, few vessel owners are on track to meet these 2030 targets. The industry as a whole is behind schedule, and the transition to cleaner operations needs to happen faster,” it said.

For shipowners who cannot openly demonstrate a responsible approach to emissions reduction, the consequence will be loss of charters, reduced shareholder appetite, higher cost of capital, higher port costs, reduced talent attraction, loss of brand reputation, amongst others.

In order to meet these emission targets, the industry needs collaborative tools where vessel owners can identify the right investments to stay attractive, and where other industry stakeholders can identify the leading providers of vessel services.

“Emission reduction is about to become an important business differentiator. Core is designed to meet the needs of a range of stakeholders in the maritime value chain working hard to reduce their company´s emissions footprint,” said Sindre Bornstein, CCO, VPS Decarbonisation.

How Core answers these challenges

Core enables clients to reach their emission reduction targets and turn CII from an operational metric into a C-Suite KPI, while driving a culture and community that embraces sustainability.
Core interprets CII and its equivalents as a score related to the emissions-saving goals for 2030 vs 2008, effectively giving stakeholders the opportunity to see their own efforts to reduce their emissions relative to the general market.
Core enables assessment of various emissions reduction initiatives, e.g. hybrid battery power, sails, biofuels, as well as their impact on emissions, estimated cost and return on capital to enable scenario planning for optimal investments.

As sustainability becomes a key business metric for stakeholders across the maritime value chain, visibility of emissions planning and efforts, as offered by Core, will become essential.

Core offers a library of measures to determine current and future emission trajectories for different vessels. This library will be available to all Core users, making it easier to see what combination of initiatives that are fit for purpose and to help drive awareness of what measures can be taken to improve overall performance.

With Core, customers are better equipped to handle the growing complexity in their industry already disrupted by stakeholder expectations for emission cuts and the availability of data. As CII requirements become stricter over time, Core will assist shipowners and others in identifying the winning and losing emission mitigation strategies.

“The coreScore will allow for relative ranking of companies´ efforts to reduce their carbon footprint, and serve as an indicator for emissions integrity and trustworthiness,” said Bornstein.

VPS added companies are in a better position to maintain profitability and gain a valuable strategic edge by using Core.

Photo credit: VPS
Published: 18 October, 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

10 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

10 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

10 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