American Bureau of Shipping (ABS) on Wednesday (22 July) said it is to class the first LNG Bunker Barge on North America’s west coast, which is expected to serve shipping from 2023.
As a leader in the classification and certification of LNG vessels and systems globally, ABS said it qualified to support Cryopeak LNG Solutions Corporation (Cryopeak) and Island Tug & Barge Ltd. (ITB) who have developed a design for a 4,000 m3 articulated tug and barge.
The design utilises one of ITB’s tugs to deliver LNG as a fuel to shipping companies calling to Ports on the West Coast.
“No one understands better than ABS the potential for LNG to help shipping meet its sustainability goals,” said John McDonald, ABS Senior Vice President, Global Business Development.
“So, it is great to be able to support this project, which will further expand the availability of LNG along the west coast. We are proud to class the first LNG Bunker vessel on the west coast.”
“We are excited to have ABS as the Classification Society for this project. The marine industry is seeking solutions to enable the use of LNG as part of its journey to reduce emissions and lower fuel costs,” said Calum McClure, CEO of Cryopeak.
“This project delivers that, and will enable vessels to adopt LNG as a cleaner alternative fuel.”
“ITB’s articulated Tug & Barge (ATB) design will meet the highest standards for maneuverability and crew safety and we’re confident the vessel will be well received when fully operational. As always, we appreciate ABS’s ongoing support to this end,” added Adrian Samuel, President of ITB.
“We take pride as a leader in LNG as marine fuel and in our best in class service delivery and how we are able to use this experience to support valued clients such as Cryopeak and ITB,” said Arinjit Roy, ABS Vice President, North America Business Development.
Photo credit: American Bureau of Shipping
Published: 23 July, 2020
Firm recorded a compound annual growth rate of 237.3% from 2015 to 2018, according to data compiled by The Straits Times and Statista.
It was also the first LNG bunker delivery for the receiving vessel, Vitol Marine Vicky and the first delivery completed by a newly-ordered LNG truck, said the company.
‘Being the first vessel of its kind built and owned by Chinese companies, makes this an important and exciting project.’
LNG bunkering was conducted safely and efficiently from a tank truck at the No. 5 quay of Shinko, Yokohama.
Investors in ‘green fuels’ will be able to secure more favourable financing terms, boosted by bio-LNG as drop in bunker fuel compared to conventional fuels, said Chairman.
Japanese companies to utilise experience gained from operation to accelerate commercialisation.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
