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Argus Media: Singapore bio and LNG bunker fuel demand firms in September

Singapore biofuel blends and LNG for bunkering demand firmed in September, with more vessels trialing biofuels in preparation for EU’s new CO2 regulations in 2024 and lower LNG prices.

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Singapore biofuel blends and LNG for bunkering demand firmed in September, with more vessels trialing biofuels in preparation for EU's new CO2 regulations in 2024 and lower LNG prices.

16 October 2023

Singapore's demand for biofuel blends for bunkering more than doubled to 43,000 metric tonnes (t) in September, compared with 19,800t during the same period last year, data from the maritime and port authority of Singapore (MPA) showed. LNG demand was up to 7,710t fuel oil-equivalent from 950t.

The EU will require that vessel operators traveling in, out and within EU territorial waters pay for 40pc of their CO2 emissions. Singapore B24 biofuel for bunkering, a blend of 24pc used cooking oil methyl ester (Ucome) and 66pc very low-sulphur fuel oil (VLSFO), was assessed at $221.5/t premium, or 34pc premium to the VLSFO average in September, Argus data showed. But ships traveling between Singapore and the EU have been trailing the low-carbon B24 biofuel blend in preparation for 2024. Biofuel for bunker suppliers in Singapore include Alpha Biofuels, BP, Chevron, CNC Petroleum, ExxonMobil, Global Energy Trading, GoodFuels, Minerva, TotalEnergies, Vitol's subsidiary V-Bunkers and XFuel.

Southeast Asian LNG was pegged at $108.9/t VLSFO-equivalent discount to Singapore VLSFO in September, compared with $1,274.2/t VLSFO-equivalent premium in September 2022, Argus data showed. LNG for bunkering suppliers in Singapore include TotalEnergies, Pavilion Energy, and FueLNG, a joint venture between Shell and Keppel Offshore and Marine.

Despite the demand increase, biofuel blends accounted for 1pc and LNG for 0.2pc of Singapore's total marine fuel demand in September.

By comparison, marine gasoil (MGO), VLSFO and high-sulphur fuel oil (HSFO) accounted for 3.7pc, 57.6pc and 34.5pc, respectively, of Singapore's total marine fuel demand. MGO demand was down by 15pc to 285,320t in September, from 335,700t during the same period last year. VLSFO demand was nearly flat at 2.45mn t and HSFO demand spiked up by 27pc to 1.47mn t from 1.16mn t during the same period in 2022.

By Stefka Wechsler

Photo credit and source: Argus Media
Published: 17 October, 2023

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Methanol

Marine Fuels 360: Methanol presents easiest path towards maritime decarbonisation, says DNV

Captain Singh was confident the bunkering infrastructure in Singapore will be ready to welcome methanol-fuelled vessels due to the coordinated efforts between various agencies.

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Capt Satinder

The use of methanol as a bunker fuel presents the least path of resistance towards maritime decarbonisation, believes the Principal Consultant, Head, Research and Development, Maritime Advisory, SE Asia, Pacific, and India at classification society DNV.

Captain Satinder Singh Virdi was speaking amongst panellists in the Methanol Panel session at Marine Fuels 360 on Tuesday (28 November) when he offered an opinion about reasons behind the increasing awareness of methanol as a marine fuel.

“The ease of adopting methanol is perhaps one of the reasons. The product exists as a liquid at ambient temperature and has been carried on vessels for the last 80 years, so it is not something new,” he stated.

“What is new is we're going to use methanol as a bunker fuel. Ease of adoption, ESG compliance, as well as getting closer to decarbonisation goals are the drivers for shipowners adopting methanol.”

According to Captain Singh, the trend for methanol-fuelled newbuildings have continued in October where DNV’s Alternative Fuels Insight (AFI) platform recorded 230 vessels on order where 156 comprises of containerships.

“The trend started when Maersk increased their newbuild order of methanol-fuelled vessels; before that it was mostly LNG as an alternate fuel,” he said.

Captain Singh was confident the bunkering infrastructure in Singapore will be ready to welcome methanol-fuelled vessels due to the coordinated efforts between the Singapore Shipping Association, Maritime and Port Authority of Singapore, Global Centre for Maritime Decarbonisation, and other organisations.

“We are all working together to support Singapore’s future maritime operations. Singapore is an international maritime centre, and we want to establish ourselves as the leading maritime city,” he explained.

“I would call this a cohesive action by all relevant partners, such as shipowners, charterers, classification societies, ship managers, bunker testing firms, mass flow meter manufacturers, bunkering companies, and more.

“It is important for Singapore to be seen as a fair supporter of bunkering in terms of reliability and reputation, and if things go wrong actions are taken very strictly to ensure transparency and quality. So, in that way I am satisfied to say that ‘yes’ we have what it takes to make methanol bunkering happen.”

Related: DNV: Methanol-fuelled order trend continues, with first ammonia DF newbuilding contracts recorded in Oct
Related: Maersk invests USD 700.3 million for additional four methanol-fuelled container newbuilds

Other related: Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers
Other related: MPA: Due diligence carried out prior to recent Singapore methanol bunkering pilot
Other related: VPS completes quantity survey on Singapore’s first methanol bunkering op
Other related: The Methanol Institute: Singapore takes first-mover advantage in Asia with methanol bunkering pilot
Other related: Singapore bunkering sector enters milestone with first methanol marine refuelling op
Other related: Singapore gets ready for its first methanol bunkering this week after one year preparation
Other related: The Methanol Institute: Singapore takes first-mover advantage in Asia with methanol bunkering pilot

Photo credit: Informa
Published: 6 November 2023

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Ammonia

Höegh Autoliners, Sumitomo to collaborate on ammonia bunker fuel supply for PCTCs in Singapore, Jacksonville

Duo will embark on a comprehensive evaluation of the compatibility between Höegh Autoliners PCTC newbuilds and ammonia bunkering facilities at the identified bunker ports.

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Höegh Autoliners, Sumitomo to collaborate on ammonia bunker fuel supply for PCTCs in Singapore, Jacksonville

Norway-based pure Car and Truck Carriers (PCTCs) vessel owner and operator Höegh Autoliners on Tuesday (5 December) said it has agreed with Sumitomo Corporation to look into the supply of clean ammonia as a bunker fuel at the ports of Singapore and Jacksonville, USA from 2027 onwards.

The two companies have formalised their commitment through a Letter of Intent to collaborate on the supply and delivery of clean ammonia as a next-generation sustainable maritime fuel for Höegh Autoliners’ upcoming Aurora Class PCTC vessels. 

The twelve vessels are set to become the largest and most eco-friendly car carriers ever built and they will have the capability to run on zero-carbon ammonia or carbon neutral methanol. 

“The Letter of Intent symbolises a remarkable step in the realisation and development of the production and consumption of clean maritime fuels. The collaboration hopes to stimulate the upscaling of the supply and demand of clean ammonia for maritime usage,” Höegh Autoliners said in a statement. 

Both companies view clean ammonia as a promising future fuel for the maritime industry, offering substantial potential in addressing the challenges associated with greenhouse gas emissions in global shipping. 

To support this vision, both entities have launched a range of initiatives throughout the ammonia value chain, with a primary focus on making clean ammonia a viable choice for maritime fuel and thereby achieving significant reductions in emissions from the global shipping sector.

Moving forward, the companies will embark on a comprehensive evaluation of the compatibility between the PCTC vessels and the ammonia bunkering facilities at the identified bunker ports. 

They endeavour to make necessary adjustments to specifications for both “shore-to-ship” and “ship-to-ship” bunkering operations and undertake safety assessments to establish standardised operational protocols and regulations in close coordination with pertinent government agencies.

Photo credit: Höegh Autoliners
Published: 6 December, 2023

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Alternative Fuels

CENIT and Hinicio to explore feasibility of zero-carbon bunkers in Colombia

Mission is to explore the feasibility of producing, storing, supplying, and exporting zero-carbon bunker fuels at strategic port locations in Colombia, says centre.

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Luis Desiro on Unsplash

The Centre for Innovation in Transport (CENIT) on Tuesday (5 December) said it was teaming up with Hinicio, a strategy consulting firm focused on sustainable energy and mobility, for a project funded by The World Bank in Colombia.

CENIT said their mission was to explore the feasibility of producing, storing, supplying, and exporting zero-carbon bunker fuels at strategic port locations in Colombia.

“The shipping industry is poised to become a major demand centre for zero-carbon fuels, particularly green hydrogen-based options like green ammonia and green methanol,” CENIT said in a social media post. 

“And it will play a pivotal role in transporting these zero-carbon fuels from emerging production hubs in Latin America to high-demand centres in Europe and East Asia.”

“This project takes us a step closer to decarbonising ports and fostering a sustainable future for maritime transportation.”

Photo credit: Luis Desiro on Unsplash
Published: 6 December, 2023

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