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Bunker Holding publishes second ESG report showcasing targets and progress on ESG action points

‘For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards,’ says CEO.
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Bunker Holding, the world’s largest supplier of marine fuels, on Wednesday (20 September) published its second ESG report showcasing targets and progress on ESG action points.

The new report pinpoints that industry partnerships, know-how build-up, and strong systems are at the top of the agenda when moving towards a transparent and compliant future industry.

At the forefront of Bunker Holding’s reporting is the long-term target of transitioning towards low- and zero-carbon fuels, which is in alignment with the recently revised 2023 IMO GHG strategy to reach net zero GHG emissions from international shipping by or around 2050.

“The need for a sustainable transition towards a net zero industry plays well into Bunker Holding’s industry position. We continue to invest heavily in acquiring knowledge and specialist expertise and educating our employees on low- and zero-carbon fuels. And just as importantly, we are sharing our learnings with partners and clients to provide a better understanding of the way forward in our industry,” said Keld R. Demant, CEO of Bunker Holding.

“Many of the suppliers of new fuel types, be it methanol, ammonia, LNG, or any other low- or zero-carbon fuel, rarely have extensive knowledge or network within shipping. We aim to connect the dots between producers and clients, and by already making the sustainable infrastructure for alternative fuels available in ports across the world we are doing just that. This pioneer work is one of our core strengths and how we continue to contribute to the green transition.”

Strong systems and policies shape the organisation

This past year, Bunker Holding has been heavily engaged in enabling employee’s safety and well-being based on global policies.

“In late 2022, we updated our global Parental Leave Policy followed by the introduction of a Senior Policy, a Stress Policy, and a Whistleblower Policy in early 2023. I am extremely proud when I see our employees’ reactions to these meaningful and important steps, we have taken towards becoming a more inclusive workplace, implemented on a global scale, nonetheless,” says Mette Østerskov, Head of ESG at Bunker Holding.

Together with social policies, an emphasis on a strong compliance framework to guide Bunker Holding has been important to the Group. Tracking and reporting on cyber security, misconduct, compliance, and delivering on a global responsible tax policy builds on the foundation of a stronger and more agile Bunker Holding.

“For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards. Our global policies on employee care are an industry first, which I am very proud of. Along with our investments in compliance and cyber security systems and our commitment to build know-how and partnerships, we are putting in the dedicated work to create something we can be proud of for years to come,” says Keld R. Demant.

More facts, targets, and deep dives can be found in the full Bunker Holding ESG Report for 2022/23, available on its website.

Related: Bunker Holding Group delivers ‘excellent annual result’ of USD 222.7 million in EBT
Related: Yara Clean Ammonia and Bunker Holding to develop ammonia bunker supply network
Related: Bunker Holding scales up competences in low-carbon fuels with three new appointments
Related: Bunker Holding appoints Tobias Troye as new Head of Carbon Solutions
Related: Bunker Holding appoints Tobias Troye as new Head of Carbon Solutions
Related: Bunker Holding Group extends 20-week paid parental leave globally across offices in 34 countries

Photo credit: Bunker Holding
Published: 21 September, 2023

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Methanol

Chimbusco completes bunkering op of China’s first 16,000K TEU methanol DF boxship

“COSCO SHIPPING YANGPU” was supplied approximately 900 metric tonnes of methanol marine fuel by Chimbusco in Shanghai on 11 May.

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May 23, 2025

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Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

China Marine Bunker (PetroChina) Co Ltd (Chimbusco) completed a bunkering operation of the first domestically manufactured methanol dual-fuel container ship in Shanghai on 11 May, according to COSCO Shipping on Thursday (15 May). 

COSCO SHIPPING YANGPU was supplied approximately 900 metric tonnes (mt) of methanol marine fuel by Chimbusco at Pier 1 of COSCO Shipping Heavy Industry. 

The operation started on 7 May but was postponed due to unfavourable weather from the Jianghuai Cyclone.

Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

COSCO Shipping said the operation marked an important achievement in green and low-carbon transformation in shipping, from ship construction and ecological layout of the entire green fuel industry chain of the company. 

Manifold Times previously reported the naming ceremony of China’s first 16,000 TEU methanol dual-fuel container ship, COSCO SHIPPING YANGPU in Yangzhou.

The methanol dual-fuel container ship named was the first in a series of vessels from COSCO Shipping Holdings, constructed by COSCO Shipping Heavy Industry Yangzhou. 

Related: COSCO Shipping names China’s first 16,000 TEU methanol dual-fuel container ship

 

Photo credit: Cosco Shipping
Published: 23 May, 2025

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Vessel Arrest

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

Initial checks revealed that insurance documents and other documents related to the vessel appeared suspicious and all six crew members on board failed to provide valid identification documents.

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May 23, 2025

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Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

The Kelantan Malaysian Maritime Enforcement Agency (MMEA) on Thursday (22 May) said it has detained a suspicious tanker at about 100 nautical miles from the Tok Bali estuary on 20 May. 

Kelantan MMEA director, Maritime Captain Erwan Shah Soahdi said an MMEA asset had detained the tanker while patrolling the Malaysia-Vietnam border. 

The vessel was detected after displaying several suspicious signs at around 1 pm before it was successfully detained 20 minutes later.

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

“Initial checks revealed the vessel has six crew members, including a captain and all are believed to be Thai citizens aged between 38 and 70,” he said.

It was also found that the insurance documents and other documents related to the vessel appeared suspicious and all the crews on board the vessel failed to provide valid identification documents during the check. 

The case is being investigated under the Immigration Act 1959/63 and the Merchant Shipping Ordinance 1952.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 23 May, 2025

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LNG Bunkering

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Milestone was achieved by Shell’s LNG bunker barge “Haugesund Knutsen” supplying the “Mein Schiff Relax” cruise ship at Port of Barcelona, says Dexter Belmar of Shell.

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May 23, 2025

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Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Energy giant Shell recently conducted its first LNG bunkering operation for TUI Cruises in Barcelona, according to Dexter Belmar, General Manager and Head of Global Downstream LNG on Thursday (22 May).

He said the milestone was achieved by Shell’s LNG bunker barge Haugesund Knutsen supplying the Mein Schiff Relax cruise ship.

“Barcelona, one of Europe and the Mediterranean’s leading cruise ports, is also a key LNG bunkering location for Shell as we help more cruise ships transition to lower-emission fuels,” he said in a social media post. 

“A huge thank you to Royal Caribbean Group for their trust, and to Knutsen and Port of Barcelona for their collaboration in making this bunkering safe and efficient.”

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Belmar said LNG is leading the way as the preferred alternative bunker fuel in the cruise industry. 

“At Shell, we’re proud to support LNG fuelling needs at 26 locations worldwide, including major cruise ports like Bahamas, Barcelona, Canaveral, Everglades, Jamaica, Miami, Singapore, Southampton, and Tenerife,” he added. 

 

Photo credit: Shell
Published: 23 May, 2025

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