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Argus Media viewpoint: Biofuel bunkering in Singapore set to build

Market participants expect biofuel bunkering will transition from mainly being used in trials and pilot studies to actual market pick-up and maturation in 2023, says Sammy Six.

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It has been all about biofuel bunkering in the world's largest bunkering hub of Singapore in 2022, with the fuel's rapid uptake widely expected to continue in 2023.

20 December 2022

Back in October senior minister of state for transport Chee Hong Tat said at the Singapore International Bunkering Conference and Exhibition (Sibcon) that the city-state has supplied about 70,000t of biofuels to ocean-going vessels across more than 40 biofuel bunkering operations so far in 2022.

To put this in perspective, biofuel bunkering sales had already outpaced total LNG bunker consumption of 50,000t in 2021, the most mature alternative bunker fuel of choice.

In Singapore, a maximum of 24pc of biofuels is allowed in a bunker blend, which is also called B24. The remaining 76pc is made up of very-low sulphur fuel oil. It remains to be seen whether this share in the blend can and will increase, as is already the case in Europe and North America.

Vitol and Chevron are the two leading suppliers of B24 at the port of Singapore, with Vitol alone accounting for about half of the quantities sold.

Large international shipping companies such as NYK, Oldendorff, CMA CGM, K-Line and Cosco, among others, started trialling B24 onboard their vessels for ocean-going journeys in 2022 without any complications.

Biofuels are a popular choice for shippers looking to decarbonise their fleet in order to meet the International Maritime Organization's goal to reduce greenhouse gas emissions from shipping.

This is because biofuel blends are a plug-and-play solution that is widely available and do not need engine modifications.

Singapore's Maritime and Port Authority in October 2022 developed a provisional national quality standard for marine biofuels, as well as a framework laying down conditions for biofuel supply for licensed bunker fuel suppliers, to boost the pick-up of biofuels bunkering.

A supporting regulatory framework like this will further stimulate marine biofuel consumption in Singapore, as the industry awaits a global ISO standard.

Multi-fuel future

Market participants expect that biofuel bunkering will transition from mainly being used in trials and pilot studies to actual market pick-up and maturation in 2023.

Already some B24 spot trading is taking place, although most of the volumes sold are under long-term contracts as reported to Argus.

Other low- or zero-carbon bunker fuels such as ammonia, methanol and hydrogen are all potential candidates in a multi-fuel future as well. All of these have, similar to biofuels, positive and negative characteristics relative to conventional marine fuels.

The biofuels used in a B24 blend are currently used cooking oil methyl ester (Ucome), but there are questions regarding the sustainability of future biofuel supplies. Hence, it is possible that the growth in biofuels will be capped by the emergence of competition from other fuels. Already, shipping companies and fuel suppliers are working together to incept supply chains for green ammonia and methanol bunkering, as well as hydrogen, in key hubs such as Singapore and South Korea.

For now it looks like biofuels in Singapore are destined to capture an increasing share of the bunkering fuel mix at least in the short to medium term, with 2023 poised to be a critical year for B24.

By Sammy Six

 

Photo credit and source: Argus Media
Published: 21 December, 2022

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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