Biofuel

Scan Global Logistics, Hapag-Lloyd to scale existing partnership with bio bunker fuel investment

Companies are expanding their collaboration and leveraging Hapag-Lloyd’s Ship Green solution and integrating it into the existing product portfolio of emission-reducing solutions that SGL offers.

Published

2 months ago

May 21, 2026

Admin

Hapag-Lloyd and DSV sign 18,000 tonnes CO₂e decarbonisation deal

Scan Global Logistics (SGL) on Wednesday (20 May) said it is strengthening their partnership with Hapag-Lloyd to further reduce emissions in ocean freight.

By expanding their collaboration and leveraging Hapag-Lloyd’s Ship Green solution and integrating it into the existing product portfolio of emission-reducing solutions that SGL offers, which enables the global freight forwarder’s customers to take immediate and measurable action to decarbonise their global supply chains.

“Together with Scan Global Logistics, we are driving forward practical solutions to reduce emissions in ocean freight,” said Danny Smolders, Managing Director Global Sales at Hapag-Lloyd.

“Ship Green enables customers to act today and take meaningful steps towards their sustainability targets.”

“Our customers are asking for real emission reductions. Not promises for 2030 or 2050, but solutions they can use straight away. By working with Hapag-Lloyd and investing in biofuel, we can reduce emissions from ocean freight right now, without changing how our customers operate. That’s what makes this collaboration meaningful,” said Martin Andersen, Global Head of Sustainability & ESG at Scan Global Logistics.

Across the collaboration, the two companies now enable a total avoidance of more than 8,500 tonnes of CO₂e emissions (Well-to-Wake) on global shipments. The solution is based on the use of second-generation biofuels derived from waste and residue-based feedstocks, offering a practical and scalable way to reduce emissions without requiring any changes to existing logistics operations.

At a time when the shipping industry is still scaling up low-carbon fuels and infrastructure, solutions that can be easily implemented play a crucial role. In this partnership, customers can reduce emissions in their supply chain through a physical Book-and-Claim approach based on the Mass Balance principle.

This means the ship’s normal fuel is blended with biofuel. The physical book-and-claim approach, based on the Mass Balance principle, allows customers to claim verified emission reductions independently of the physical shipment. This enables companies to reduce their Scope 3 emissions across global supply chains in a transparent and flexible way.

“Ocean biofuel is a powerful solution for customers as it reduces emissions without changing anything in the supply chain in an affordable way,” explained Martin Andersen, Global Head of Sustainability & ESG at Scan Global Logistics.

Both companies are committed to ambitious climate targets and to accelerating the decarbonisation of global supply chains. Scan Global Logistics is working towards halving its emissions by 2030 and achieving net-zero emissions by 2050, while Hapag-Lloyd aims to achieve net-zero fleet operations by 2045.

Photo credit: Hapag-Lloyd
Published: 21 May, 2026

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Financial Result

KPI OceanConnect pre-tax earnings up 21% for FY2025/2026

Company delivered 13 million mt of marine fuel, increasing revenue to USD 6.2 billion and Earnings Before Tax increased by 21% to USD 10.9 million.

Published

16 hours ago

July 10, 2026

Admin

KPI OceanConnect appoints Dorthe Bendtsen as interim CEO

Global provider of marine energy solutions KPI OceanConnect on Thursday (9 July) announced its financial results for the year 2025/2026.

The company delivered 13 million metric tonnes (mt) of marine fuel, increasing revenue to USD 6.2 billion and Earnings Before Tax increased by 21% to USD 10.9 million.

“The results reflect a year of strong operational performance, business expansion and continued investment in supporting the maritime industry’s energy transition amid heightened volatility,” it said.

In January this year, the company completed the strategic integration of marine fuel company Baseblue into KPI OceanConnect. The move strengthens the company’s global footprint, aligns regional teams more closely and enhances its ability to deliver consistent service, and greater value to customers worldwide.

“By integrating Baseblue, investing in our people and expanding both our advisory and digital capabilities, we have further enhanced our ability to help customers navigate market volatility, regulatory change and the practical realities of the energy transition. The results for the year reflect the strength of our partnerships, the dedication of our teams and the trust our customers place in us every day,” said Dorthe Bendtsen, CEO of KPI OceanConnect.

In response to geopolitical and regulatory challenges over the past year, including the effective closure of the Strait of Hormuz, KPI OceanConnect continued to invest in the expertise, technology and capabilities required to support customers in developing fuel and compliance strategies aligned with their commercial and operational objectives.

Through its Alternative Fuels & Carbon Markets team, the company expanded support for customers seeking guidance on biofuels, LNG, methanol, carbon compliance and FuelEU Maritime strategies. KPI OceanConnect also saw growing demand for EU Allowance (EUA) trading and FuelEU Pooling solutions, trading more than two million EUAs during the year and helping 250 shipowners and operators identify practical and commercially viable pathways to compliance.

The company continued to leverage the strength of the Bunker Holding Group’s global supply network, which today provides access to biofuel solutions in more than 250 ports worldwide. This extensive infrastructure enables customers to access lower-carbon fuel options where and when they need them, supporting both compliance and commercial objectives while helping prepare for the evolving regulatory landscape.

“The industry is operating in a period where energy, regulatory and geopolitical risks are increasingly interconnected,” said Dorthe Bendtsen.

“Our role is to help customers navigate these complexities by providing market insight, compliance expertise and access to a broad range of fuel and risk management solutions.”

Photo credit: KPI OceanConnect
Published: 10 July, 2026

Alternative Fuels

Evos and HyFive ink LOI to explore e-methanol storage in Port of Rotterdam

LOI follows Evos’ recently announced expansion project for methanol and ethanol storage in the port, which will give Evos capacity to handle the developing market in low-carbon marine fuels and bunkering.

Published

2 days ago

July 9, 2026

Admin

Evos Rotterdam starts construction on methanol and ethanol expansion project

Evos and HyFive on Wednesday (8 July) said they have signed a Letter of Intent (LOI) to explore the storage and handling of e-methanol in the Port of Rotterdam, which is expected to be produced by HyFive’s HyMet Musel project in northern Spain.

Under this non-binding agreement, Evos and HyFive will assess potential technical and commercial parameters, including logistics interfaces and operational requirements.

The LOI follows Evos’ recently announced expansion project for low-carbon methanol and ethanol storage in the port. The project includes the construction of five new storage tanks with a combined gross capacity of 67,500 cubic metres, a new pump station and a new jetty to be built by the Port of Rotterdam Authority.

Once operational in early 2028, the expansion will give Evos Rotterdam greater capacity to handle methanol and ethanol for industrial customers, as well as for the developing market in cleaner, low-carbon marine fuels and bunkering.

HyFive’s HyMet Musel project on Spain’s Atlantic coast is planned with a production capacity of 100,000 tonnes per year, with start-up targeted from 2029. HyFive has signed a comprehensive term sheet for a significant portion of the initial production volumes and continues commercial discussions with potential offtakers, including shipping companies active in the ARA region.

Alberto Sanchez de Rojas, General Manager, HyFive, said: “We are pleased to sign this LOI with Evos to explore a potential supply route for e‑methanol from our HyMet Musel project. While this is an initial step, it is an important milestone in assessing downstream infrastructure options that could help meet growing demand for cleaner marine fuels in the ARA region.”

Christiaan Kop, Evos Rotterdam Managing Director, said: “We welcome the opportunity to explore, through this potential partnership with HyFive, how our Rotterdam terminal could support future e‑methanol flows into the ARA region. We see strong long‑term momentum behind low‑carbon fuels, and we continue to invest in infrastructure that can help our customers and partners navigate the energy transition.”

Photo credit: Evos Rotterdam
Published: 9 July, 2026

Biofuel

China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 mt of B24 marine biofuel oil for “Xin Chi Wan” vessel, at Shekou Container Terminal.

Published

3 days ago

July 8, 2026

Admin

China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Zhuhai Chimbusco Petroleum Co Ltd (Chimbusco Zhuhai), a subsidiary of China Marine Bunker (PetroChina) (Chimbusco), on Monday (6 July) said the company completed its first bunkering operation since receiving its local licence in Shenzhen.

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 metric tonnes (mt) of B24 marine biofuel oil for the Xin Chi Wan vessel, owned by COSCO Shipping Group, at the Shekou Container Terminal in Shenzhen.

The operation adopted the “cross-customs direct supply bunkering” model with the cooperation of Shenzhen and Gongbei Customs and maritime authorities.

Looking ahead, Chimbusco Marine Bunker (Shenzhen) said it will build on its local licensing and policy advantages to expand its bonded marine fuel bunkering business in Shenzhen.

The company plans to optimise its bunkering processes and improve service quality to help strengthen the city’s bonded marine fuel supply capabilities while supporting the shipping industry’s green transition.

Photo credit: Zhuhai Chimbusco Petroleum
Published: 8 July, 2026