Marine fuels supplier Peninsula on Wednesday (5 August) said it has signed a Memorandum of Understanding (MOU) with European independent liquid energy and chemicals storage company Evos to jointly progress the development of dedicated biofuel storage infrastructure at Evos’ terminal in the Port of Algeciras.

The proposed Evos expansion includes plans to develop up to 60,000 cubic metres of storage capacity, fully allocated to Peninsula to support the expansion of its biofuels supply chain in the region.

Located at the Strait of Gibraltar—one of the world’s busiest maritime corridors—the Evos Algeciras expansion project is intended to strengthen infrastructure for the energy transition in shipping. It will provide dedicated storage and handling capacity for low-carbon marine fuels, underpinning Peninsula’s quality proposition through control of its own supply chain.

John A. Bassadone, founder and CEO of Peninsula, said: “We are seeing an acceleration of biofuel adoption as a result of price volatility of conventional fuels and regulatory measures such as FuelEU and EU ETS. These regulations are designed to ratchet up, and biofuels are the most versatile, available option today to meet decarbonisation targets. 

“By partnering with Evos to build storage infrastructure, it allows us to control the quality of product and to blend biofuel ratios according to market demand. It will also offer our customers full flexibility and optionality when lifting bio products from us and further demonstrates Peninsula’s active commitment to the decarbonisation of marine fuels.”

Under the MOU, the parties will continue technical and commercial discussions on a long-term storage and handling agreement, subject to Evos’ final investment decision.

Evos will lead project development at its Algeciras terminal, including engineering, permitting and construction, while Peninsula will integrate the capacity into its growing global biofuels supply network.

Daan Vos, CEO at Evos, said: “Algeciras is already an important bunker and trading hub, with direct relevance to global shipping activity and inter-Mediterranean trade flows. Evos has a well-established position in the port as a bunker fuel storage terminal, and the expansion project with a strategic partner such as Peninsula builds on that position. 

“By developing infrastructure for marine biofuels, we can respond to changing demand in the bunker market and strengthen Algeciras’ role in the transition to lower-carbon shipping.”

The agreement reflects a shared ambition to support the evolution of the marine energy sector by investing in scalable, future-facing infrastructure in key global hubs.

Photo credit: Peninsula
Published: 6 August, 2026

Explora Journeys recently officially named EXPLORA III in Barcelona, welcoming the brand’s first liquefied natural gas (LNG)-powered ship to the fleet. 

Following her early delivery in Genoa on 23 July 2026, EXPLORA III embarked on a journey through the Mediterranean before arriving in Barcelona for the official naming ceremony. 

“As the first LNG-powered vessel in the Explora Journeys fleet, EXPLORA III represents the next step in the brand’s investment in advanced marine technologies,” the company said on its website. 

Designed to operate on LNG today, the ship also offers a pathway towards renewable alternatives such as bio-LNG and synthetic LNG as these become increasingly available. 

The vessel is equipped with shore power capability, enabling connection to onshore electricity in ports where infrastructure exists, allowing engines to be switched off while alongside.

EXPLORA III departed on 3 August on its seven-night Maiden Journey to Lisbon.

Photo credit: Explora Journeys
Published: 5 August, 2026

Low-carbon fuel solutions provider Anew Climate on Tuesday (4 August) announced that it has joined SEA-LNG to boost the coalition’s work to reduce emissions across the global shipping industry by promoting the adoption of the methane decarbonisation pathway.

Majority-owned by TPG Rise, Anew delivers liquefied biomethane (LBM or Bio-LNG) for maritime decarbonisation across vital shipping hubs in North America, Europe, and Asia, reducing GHG emissions by up to 80% compared to marine diesel on a full well-to-wake basis.

Anew’s membership in SEA-LNG comes as liquefied biomethane adoption accelerates under regulations like FuelEU Maritime, which requires fleet operators to pool to meet GHG intensity targets. Liquefied biomethane use generates credits within this pooling mechanism, which operators can use directly for compliance or sell to other fleet operators. 

Liquefied biomethane leverages existing LNG infrastructure and is already bunkered at roughly 70 ports across Europe, the US, and parts of Asia. Some pathways can achieve negative carbon intensity by avoiding emissions, such as methane that would otherwise be released from waste streams.

Andy Brosnan, President of Low Carbon Fuels, Anew Climate, said: “Bio-LNG is one of the most practical and scalable tools available today to help the maritime sector reduce emissions and meet evolving regulatory requirements. We’re seeing growing momentum across global shipping as stakeholders turn decarbonisation commitments into action. Through SEA-LNG, we look forward to collaborating with industry leaders to accelerate the availability and adoption of Bio-LNG and support the industry’s transition to lower-carbon fuels.”

Steve Esau, COO of SEA-LNG, added: “Anew’s membership expands our North American footprint and supports the methane decarbonisation pathway’s global expansion. As a first mover in bringing liquefied biomethane to scale, Anew joins a roster of fuel producers with a proven track record, a presence in strategic shipping hubs, and a tangible impact on compliance and decarbonisation today.”

Headquartered in North America with additional operational hubs in Europe and Asia, Anew brings an international supply perspective to the coalition, with partnerships including Avenir LNG and Seaspan Energy. Its portfolio of low- and negative-carbon fuels broadens the scope of Bio-LNG supply available to the global LNG-fuelled fleet, the leading alternative-fuel choice, now accounting for almost 90% of all alternative-fuel vessels on order.

Photo credit: Venti Views on Unsplash
Published: 5 August, 2026