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Algeciras: H1 bunkering volumes down 18.2% on year

Experiences growth in other sectors including liquid bulk and general cargoes in first half of 2018.

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Bunkering volumes at the Port of Algeciras closed at 1.2 million metric tonnes (mt) for the first half (H1) of 2018, representing a decrease of 18.2% from fuel delivered in H1 2017, according to Port of Algeciras data cited by local media Empresa Exterior.

Overall, the port recorded 53.8 million mt of traffic during H1 2018, a growth of 9.6% when compared to the similar period in the previous year.

Liquid bulk cargoes at 15.7 million mt (+ 16.8%) and general merchandise cargoes at 35.1 million mt (+ 9.8%) were the main contributors to the rise in traffic in H1 2018.

The port recorded 2.3 million TEUs (+ 8.4%) of container throughput at the Juan Carlos I Pier and Isla Verde Exterior terminals in H1 2018.

Published: 18 July, 2018
 

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Bunker Fuel

LR report highlights potential of LPG as bunker fuel in delivering emission reduction

Study, however, outlines that technology readiness will need to improve for LPG to become a viable choice for shipowners and operators looking to transition their fleet to low and zero-carbon vessels.

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LR report highlights potential of LPG as bunker fuel in delivering emission reduction

Using liquefied petroleum gas (LPG) as a marine fuel could deliver a significant carbon reduction, particularly alongside other emissions reduction and energy saving technologies, helping shipowners comply with more stringent regulations into the next decade, according to Lloyd’s Register recently.

The Fuel for Thought: LPG, a joint report from Lloyd’s Register (LR) and the World Liquid Gas Association (WLGA) has found that the market for dual-fuel LPG engines will continue to grow based on a healthy orderbook, with LPG offering a cleaner, lower carbon emission marine energy source than many alternatives currently available.

According to the report, the use of LPG as a marine fuel combined with technology such as Onboard Carbon Capture and Storage (OCCS) can reduce a vessel’s emissions profile, with the added benefit of reducing the required CO2 storage capacity, due to the lower CO2 emissions from LPG combustion. This allows the technology to work more effectively and offers shipowners a pathway towards future regulatory compliance.  

The report, however, outlines that technology readiness will need to improve for LPG to become a viable choice for shipowners and operators looking to transition their fleet to low and zero-carbon vessels.  

Although well established, the range of available engine technologies will need to be expanded to enable widespread adoption of LPG on multiple vessel types. 

Currently there is no four-stroke marine engine capable of using LPG, meaning auxiliary engines on vessels would need to be decarbonised through an additional fuel.

A safe bunkering framework must be also developed to encourage uptake of LPG. Regulations remain in their early stages, with interim guidelines recently published by IMO.

Panos Mitrou, Global Gas Segment Director, Lloyd’s Register, said: “The pace and scale of renewable production for LPG remains a critical factor in initiating the wider adoption of LPG as a marine fuel.”

“Supportive energy-saving technologies, as along with potentially maturing onboard carbon capture and storage, will further assist in making LPG a viable low-zero carbon fuel.”

“By ensuring this, LPG could offer attractive operating and capital costs compared to other alternative fuels as shipowners look to decarbonise their fleets in line with more stringent regulations."

Nikos Xydas, World Liquid Gas Association Technical Director, said: “LPG stands as a unique and exceptional energy source, pivotal for decarbonising the shipping sector.”

“Stored and transported as a liquid and consumed as a gas, it is well recognised for its lower emission benefits as a marine fuel. With a surge in orders for LPG-fuelled ships, it's clear that LPG's role in the shipping industry is expanding.”

“As the world moves towards deep decarbonisation targets, LPG emerges as an ideal fuel for all vessel types, offering a cleaner alternative fuel today and a pathway for an even cleaner future tomorrow.”

“Its flexibility, low emissions, and cost-effectiveness position LPG as the potential fuel of choice in the shipping sector, paving also the way for low-cost deep-sea decarbonisation with the advent of bio/renewable LPG.”

Note: The ‘Fuel for Thought: LPG’ report can be found here.

 

Photo credit: Lloyd’s Register
Published: 21 June, 2024

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Business

Interview: Malaysia bunker supplier PSP Marine shares commercial expansion plans

‘IMO 2020 has produced several business opportunities which we are keen to explore as part of efforts to support shipping’s decarbonisation,’ Managing Director tells Manifold Times.

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PSP Grace MT

Malaysian bunker supplier PSP Marine (M) Sdn Bhd, established at Port Klang since 2012, is planning to expand its marine fuels business within the coming years, learned Manifold Times.

The company, which currently supplies marine gas oil (MGO), its low sulphur variant (LS MGO), and lubricant oil to vessels calling Peninsula Malaysia ports (including Sabah and Sarawak), is actively looking at market opportunities, says its Managing Director.

“We have stood the test of time and proven ourselves in this industry since our inception,” Soon Thian Fong told the bunkering publication.

“In order for our group to grow, become more resilient, and to tackle more complex and intricate challengers, we are expanding our bunkering business to other ports in Malaysia.

“We have successfully expanded to the Port of Tanjung Pelepas, Pasir Gudang Port, Melaka Sungai Udang Port, and Kuantan Port.

“Moreover, we aim to diversify into international petroleum cargo trading. Our target markets are Asian countries with growth and scarce energy supplies such as Taiwan, Singapore, and Indonesia.”

PSP bunkering collage

Bunker deliveries from PSP Marine are currently supported by three Malaysia-flagged bunker tankers namely PSP Grace (755 dwt, IMO 9056466), PSP Glory (737 dwt, IMO 8403038), and PSP Golden (1,198 dwt, IMO 9079652).

Moving forward, Mr Soon highlights the company to be looking at barge acquisition opportunities and a product portfolio expansion to offer Very Low Sulphur Fuel Oil (VLSFO).

“The next two years will be interesting times for our company as we look to execute the expansion plans. IMO 2020 has produced several business opportunities which we are keen to explore as part of efforts to support shipping’s decarbonisation,” shared Mr Soon who noted, “opening of an office in Singapore is also within our sights.”

PSP Group supply locations

Contact details for enquiries are as follows:

Mr. Soon Thian Fong (AZ Soon)
Managing Director
+60 12 699 4488
[email protected]

Jane Ong
Sales Manager
+60 14 609 4488
[email protected]

Marine fuel enquiries
Email: [email protected]

Bunkering locations (West Malaysia)

LANGKAWI, PENANG, LUMUT, PORT KLANG, PORT DICKSON, KUALA LINGGI, MELAKA, MUAR, TG PELEPAS, TG BIN, JOHOR BHARU, PASIR GUDANG, PENGERANG, MMHE, TG LANGSAT, KEMAMAN, KUANTAN,

Bunkering locations (East Malaysia)

MIRI, BINTULU, SANDAKAN, SEPANGAR, KOTA KINABALU, TAWAU, LAHAD DATU, KUCHING

 

Photo credit: PSP Marine
Published: 24 June 2024

 

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Business

VPS launches Maress Summer Campaign Dashboard to track progress of vessels

Dashboard will enable the maritime industry to follow the development of its maritime emissions saving campaign, Maress Summer Campaign 2024, which is aimed at saving 15,000 tons of CO2.

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VPS launches Maress Summer Campaign Dashboard to track progress of vessels

Marine fuels testing company VPS on Thursday (20 June) said it launched its Maress Campaign Dashboard to enable the maritime industry to follow the development of its maritime emissions saving campaign for this year.

It said the Maress Summer Campaign 2024, which started on 1 June and will run for 90 days, is ongoing and is aimed at achieving the goal of saving 15,000 tons of CO2.

“Since our last update, the number of participating vessels has increased from 278 to 303. This is more than doubling of the vessels that participated in the campaign last year,” VPS said in a social media post.

“The industry-wide effort to drive decarbonisation is showing fantastic results, with innovative initiatives and remarkable engagement from vessels across the board.”

It added the main purpose of the campaign is to create collaboration and awareness around emission reductions. 

“This industry-first tool is now open for everyone in the industry to track the collective progress. Updated daily, it provides a transparent and exciting view of the leaders in each category, showcasing the close race towards efficiency gains,” VPS said on the dashboard.

Note: The new dashboard by VPS for the Maress Summer Campaign 2024 can be found here.

Related: VPS to organise Maress Decarbonisation Campaign in 2024
Related: VPS wins OSJ Annual Environment Award 2024 for Maress Summer Campaign
Related: VPS records 10,000 tonnes of CO2 emission cut from campaign with top OSV players
Related: VPS Decarbonisation to kickstart summer campaign to reduce shipping emissions

 

Photo credit: VPS
Published: 21 June, 2024

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