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Alternative Fuels

Argus Media: Bunker buyers must seek better information, says Transparensea rep

Buyers will need an even broader range of information than ever for purchasing decisions as more sustainable marine fuels enter the markets, says Transparensea.




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As more sustainable marine fuels enter the markets, buyers will need an even broader range of information than ever for purchasing decisions, said Sandi Ennor, president and chief executive officer of marine fuel brokerage Transparensea.

8 September 2023

Information beyond price — like guarantees on fuel specifications, origin, physical availability and sustainability credentials — are becoming even more important, Ennor told Argus.

These added levels of responsibility for fuel purchasers may come as quite a surprise to some, given that many do not even view fuel as a strategic issue despite it being shipping companies' largest operating expense. But given the operational and reputational risks shippers face, Ennor said it makes sense for them to scrutinize the processes around how their fuels go to market and ensure they are getting the full and accurate picture.

Volumes of these new fuels will initially be very small and more expensive, but most buyers are unaware of the margin traders are making in reselling the fuels, which will likely include several middlemen within the process. "Current practices are the equivalent of using a credit card and not knowing what the APR fees are, but on a much larger scale," Ennor said.

Logistics will also be a larger concern with renewable marine fuels. If a supplier claims to have biofuels available in a certain port, customers need to understand whether that is purely on paper or if the fuel will actually be there — with the right volume and specification, she said.

The responsibility will also be on the fuel buyers to ensure that the emission reductions delivered will meet regulatory requirements, and that the origin or composition of the fuel does not compromise any other sustainability commitments within the customer or charterers' supply chains.

The industry should also acknowledge that environmental targets are likely to be met through "imperfect" tactics such as blending fuel and offsetting emissions, she said.

The expansion of the EU emission trading system (ETS) to shipping is likely to stimulate demand for low-carbon transition fuels like biofuels and bio-LNG for ships traveling to and from Europe via the US. Despite the shipping volumes coming through locations such as the Gulf of Mexico, New York and Houston, as well as independent initiatives to reduce port emissions, the US' national renewables rules do not include the maritime markets.

Most incentives are still restricted to California and even these could be argued to be insufficient to meet the scale of the challenge. Continuing with this fragmented, state-by-state approach could cause a shift in shipping hubs, Ennor said.

By Stefka Wechsler

Photo credit and source: Argus Media
Published: 11 September, 2023

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Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.






Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker


Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.






Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.


Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.





Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.


Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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