Connect with us

Alternative Fuels

AET delivers LNG dual-fuel VLCC “Eagle Vellore” to Shell for long-term charter

Malaysian-flagged VLCC was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials.

Admin

Published

on

231 1

Operator and owner of maritime transportation assets and specialised services AET on Monday (28 August) said it has delivered its newest vessel, a Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.

It is the first of three crude tankers to be delivered by AET, based on an agreement signed in March 2021.

The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. 

AET said the naming of the 300,000 dwt tanker in Malaysia marks an important milestone for the firm and its parent MISC.

naming article img2

Zahid Osman, President & CEO of AET, said: “Today’s naming of Eagle Vellore marks another significant milestone in strengthening our position as a sustainable shipping organisation. Adding another LNG dual-fuel VLCC to our fleet and our ongoing development of zero-emission vessels is consistent with our commitment to deliver more energy with less emissions, supporting customer demand and the world’s need for energy security.”

“I would like to thank Shell for their continued trust and confidence in us, building on our long-term collaboration, as we both look to further expand as leaders in shipping’s energy transition.”

“My appreciation also goes out to Lloyd’s Register, ship builder Hanwha Ocean and colleagues from Eaglestar, MHB and my team members in AET for their respective roles in the safe construction, delivery and today’s naming of the vessel.”

Stacie Pitts, Senior Vice President for Crude Trading at Shell, said: “The delivery of the Eagle Vellore is an important addition to Shell’s fleet of crude tankers. Fleet composition is an essential lever to tackle the decarbonisation challenge, requiring increased investment in dual-fuel capable vessels and efficiency measures. LNG benefits from mature technology and a growing bunkering network which have helped cement its position as the leading alternative fuel today, with bio and synthetic LNG offering a long-term pathway to decarbonisation.”

“While we continue to invest in LNG, with over half of Shell’s crude tanker fleet set to be dual-fuel LNG by the end of the year, we are also developing zero-emissions fuel options to support future decarbonisation of the shipping sector. Continued collaboration is integral to shipping’s energy transition.”

Capt. Rajalingam Subramaniam, AET Chairman and MISC President & Group CEO, said: “Congratulations AET on the successful delivery and naming of Eagle Vellore. The event today proudly signifies two pivotal milestones – celebrating the arrival of the second Malaysian-flagged eco-efficient LNG dual-fuel VLCC and marking the inaugural naming ceremony for such a vessel in Malaysia. This achievement showcases the MISC Group’s firm dedication to supporting Malaysia’s maritime journey and global leadership in sustainable solutions. It aligns with the Group’s purposeful transition towards a sustainable future as we accelerate our efforts to meet the 2030 and 2050 GHG reduction goals.”

“Our heartfelt congratulations to our team members in AET, Eaglestar and everyone in the MISC Group for their remarkable collaboration which is instrumental in delivering this asset with an impeccable safety record of zero Lost Time Injury (LTI). Furthermore, we express our appreciation to Shell as the charterer, for their unwavering trust and continued partnership for a common sustainability agenda. Our appreciation too, to the Ministry of Transport Malaysia for their support in advancing the Malaysian maritime sector. Lastly, to the dedicated marine professionals of Eagle Vellore, congratulations, and stay safe always.”

Eagle Vellore’s two sister vessels are currently under construction by Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) in Geoje, South Korea and due to be delivered later this year on long-term charter to Shell Tankers (Singapore) Private Limited. Both AET and Eaglestar site teams have been working closely together with the yard to ensure the safe delivery. Eaglestar is also the appointed ship manager of Eagle Vellore and its two sister vessels.

Classed by Lloyd’s Register, the three ships are designed with optimised hull forms and propellers, wake improvement ducts and rudder bulbs to further improve vessel’s energy efficiency. The vessels comply with IMO’s 2025 EEDI Phase III and with a 99% reduction in sulphur oxides, 85% reduction in nitrogen oxides and 95% particulate matter.

 

Photo credit: AET
Published: 29 August, 2023

Continue Reading

Decarbonisation

SMW 2024: Maritime industry on track to adopt mid-term decarbonisation measures, says IMO chief

Safety, inclusion and transparency will be key areas for Mr Arsenio Dominguez’s tenure as Secretary-General of the International Maritime Organization.

Admin

Published

on

By

SMW 2024: Maritime industry on track to adopt mid-term decarbonisation measures, says IMO chief

The article ‘Maritime industry on track to adopt mid-term decarbonisation measures: IMO chief’ was first published on Issue 1 of the Singapore Maritime Week 2024 Show Dallies; it has been reproduced in its entirety on Singapore bunkering publication Manifold Times with permission from The Nutgraf and the Maritime and Port Authority of Singapore:

Toh Wen Li
[email protected]

The maritime industry is “on track” to roll out decarbonisation measures by 2025 as set out by the International Maritime Organization, said its new chief Arsenio Dominguez.

“We are on track to adopt mid-term measures by late 2025 to cut greenhouse gas (GHG) emissions, to reach net zero targets,” said Mr Dominguez, who took over as IMO Secretary-General in January.

In 2023, the IMO released a revised GHG strategy to reach net-zero emissions from shipping by or around 2050 – far more ambitious than its 2018 initial GHG strategy, which aimed only to cut emissions by at least 50 per cent compared to 2008.

“These will help us progress towards achieving netzero GHG emissions by or around 2050, with indicative checkpoints to reach by 2030 (cut GHG emissions by at least 20 per cent, striving for 30 per cent), and 2040 (cut GHG emissions by at least 70 per cent, striving for 80 per cent).”

Mr Dominguez, who will be speaking on the opening day of the 18th edition of SMW, also emphasised the need to keep seafarers safe against the backdrop of heightened geopolitical tensions. He said the attacks on ships in the Red Sea have far-reaching economic implications.

“Prolonged disruptions in container shipping could lead to delayed deliveries, high costs, and inflation. Energy security and food security could potentially be affected due to increased prices,” he said.

“These attacks pose serious threats to global maritime security, as well as the security and maritime trade for the coastal states in the region,” he said, calling out the Red Sea attacks as “categorically unacceptable”. But he remains confident that the industry will continue to stay resilient. “I trust that shipping organisations and Member States alike will come together in the relevant IMO fora to seek collaboration and look for solutions together.”

Mr Dominguez also pledged to create a more inclusive IMO, one that is more gender-balanced in an industry that has long been dominated by men.

“I have appointed a gender balanced senior management team and initiated a policy of refraining from participating in panels or events unless gender representation is respected. I encourage the maritime community to follow this example,” he said.

He added that the IMO will also strive to fulfil its mandate as the world’s regulator for international shipping; support IMO’s 176 Member States, particularly Small Island Developing States and Least Developed Countries; raise public awareness of IMO’s impact; and adopt a “people-centred approach”.

“My vision is for IMO to flourish as a transparent, inclusive, and diverse institution,” he said. 

Singapore can ‘shine a light on the way forward’

Key maritime hubs like Singapore can play a key role as the industry pushes ahead in its quest to decarbonise, said International Maritime Organization’s (IMO) Secretary-General, Mr Arsenio Dominguez.

“Singapore is (in) a great position to participate in trials and pilots to show what works, including routebased actions – and share results of any trials back to IMO,” he said.

The green transition poses a slew of fresh considerations for the maritime sector. A major bunkering hub such as Singapore will need to look at making changes to infrastructure to deliver new fuels.

Other considerations for the industry include safety, pricing, lifecycle emissions, supply chain constraints, barriers to adoption and more, added Mr Dominguez. Seafarers, too, will need to be trained in how to operate new technology safely.

“We need ‘early movers’ in the industry as well as forward-looking policy makers to take the necessary risks and secure the right investments that will stimulate long-term solutions for the sector,” he said.

Singapore Maritime Week is a chance for key stakeholders to “have the conversations and discussions that can formulate ideas and bring new solutions”, Mr Dominguez said.

Now, more than ever, collaboration will be crucial. “The experience of critical maritime hubs like Singapore can help shine a light on the way forward for many issues. Here the IMO can play a role in providing opportunities for Singapore and other maritime hubs to share their expertise with all Member States. Shipping is global – no single country can go it alone.” 

Singapore Maritime Week 2024 was organised by Maritime and Port Authority of Singapore from 15 to 19 April. 

 

Photo credit: International Maritime Organization
Article credit: The Nutgraf/ Maritime and Port Authority of Singapore
Published: 23 April, 2024

Continue Reading

MoU

IBIA and BIMCO to collaborate on bunker fuel and maritime challenges

Both will collaborate in areas including research initiatives, studies, and projects relevant to bunker or marine energy industry and maritime sector as well as training and education.

Admin

Published

on

By

IBIA and BIMCO to collaborate on bunker fuel and maritime challenges

The International Bunker Industry Association (IBIA) and BIMCO on Monday (22 April) said they have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonisation efforts.

The parties have agreed to leverage their respective expertise and resources to develop innovative solutions and initiatives to facilitate the transition towards cleaner fuels and efficient and sustainable shipping practices. The partnership MOU will focus on addressing the following key areas:

Research and Development: Collaborate on research initiatives, studies, and projects relevant to the bunker/marine energy industry and maritime sector.

Information Sharing: Share relevant information, publications, and data that may be beneficial to the members of both organisations.

Training and Education: Explore opportunities for joint training programs, seminars, and educational initiatives to enhance the knowledge and skills of professionals in the maritime and bunker/marine energy industry.

Influence: Work together on efforts to address common issues and challenges faced by the industry.

Alexander Prokopakis, Executive Director of IBIA, said: “This partnership between IBIA and BIMCO marks an important step towards addressing the pressing challenge of decarbonisation in the shipping industry. The collaboration underscores the industry’s collective commitment to navigating towards a greener future for maritime operations.”

David Loosley, BIMCO Secretary General & CEO, said: “As we work towards the checkpoints and targets of the updated GHG strategy of the IMO, working across all sectors that influence and support decarbonisation of shipping will be key. Our ships will be relying on many different fuel solutions in the process and working toward the safety and availability of those is crucial.” 

IBIA and BIMCO are committed to driving progress towards a more sustainable and environmentally responsible future for the global shipping industry.

 

Photo credit: IBIA and BIMCO
Published: 23 April 2024

Continue Reading

Biofuel

Peninsula and NYK collaborate on B30 biofuel bunkering op in Zeebrugge

Peninsula barge “New York” delivered 1,200 mt of B30 bio bunker fuel to “Garnet Leader”, a NYK vehicle carrier on 24 March in Zeebrugge, Belgium.

Admin

Published

on

By

Peninsula and NYK collaborate on B30 biofuel bunkering op in Zeebrugge

Marine fuel supplier Peninsula on Monday (22 April) announced the successful conclusion of the first B30 biofuel supply deal in Zeebrugge, Belgium, in collaboration with the Japanese shipping company, Nippon Yusen Kabushiki Kaisha (NYK). 

The deal, which marks a significant milestone in sustainable fuel distribution, saw the delivery of 1,200 metric tonnes (mt) of B30. 

The delivery, executed on 24 March involved the vessel Garnet Leader, a NYK vehicle carrier. 

Peninsula's barge New York, played the role of ensuring the transportation and delivery of the biofuel to its destination in Zeebrugge.

Kaori Takahashi, General Manager of NYK’s Fuel Group, said: “NYK is proud to collaborate with Peninsula in this pioneering supply of B30 biofuel, which underscores our dedication to environmental sustainability and innovation in the maritime sector.”

“By leveraging sustainable biofuels like B30, we are taking meaningful strides towards reducing greenhouse gas emissions.”

“NYK remains dedicated to driving positive change within the industry while meeting the evolving demands of our customers and stakeholders.”

B30 biofuel, a blend comprising 30% ISCC EU certified sustainable UCOME, which is biofuel derived from Used Cooking Oil, offers a promising avenue reducing GHG emissions by 84%, thus mitigating the environmental impact of maritime operations. 

By using biofuel technology, Peninsula continues to pave the way for a greener future while simultaneously meeting the evolving needs of the shipping industry.

Peninsula's Head of Biofuels Desk, Nikolas Nikolaidis, said: "As the maritime industry, along with prominent players like NYK, intensifies their adoption of Sustainable Marine Fuels (SMF), the accessibility of such solutions grows in significance.”

“Peninsula is committed to collaborating closely with our established clients and partners to deliver SMF solutions where demand is highest.”

“Peninsula is broadening its biofuel supply network, positioning itself as the leading physical marine fuel supplier to offer comprehensive biofuel solutions across multiple regions and ports for our customers."

 

Photo credit: Peninsula and NYK
Published: 23 April 2024

Continue Reading
Advertisement
  • EMF banner 400x330 slogan
  • Aderco advert 400x330 1
  • v4Helmsman Gif Banner 01
  • Consort advertisement v2
  • RE 05 Lighthouse GIF
  • SBF2

OUR INDUSTRY PARTNERS

  • Triton Bunkering advertisement v2
  • 102Meth Logo GIF copy
  • HL 2022 adv v1
  • Singfar advertisement final


  • E Marine logo
  • Central Star logo
  • Auramarine 01
  • Uni Fuels logo advertisement white background
  • SMS Logo v2
  • metcore
  • intrasea
  • Trillion Energy
  • pro liquid
  • Victory Logo
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Headway Manifold

Trending