Business

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.

Published

1 year ago

September 21, 2023

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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.

Photo credit: Bunker Holding
Published: 21 September, 2023

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Bunker Fuel

SIBCON 2024: Singapore bunker suppliers must provide e-BDN from 1 April 2025

Senior Minister of State Amy Khor also announced MPA will reduce the frequency of verification checks for mass flow meters from twice a year currently, to once a year, from 1 April 2025.

Published

2 hours ago

October 9, 2024

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SIBCON 2024: Singapore bunker suppliers must provide e-BDN from 1 April 2025

From 1 April 2025, all bunker suppliers in the Port of Singapore will be required to provide digital bunkering services as a default, said Senior Minister of State for Transport and Sustainability and the Environment Amy Khor on Wednesday (9 October).

Khor said Singapore will be the first port globally to implement digital bunkering at scale. MPA launched the digital bunkering initiative on 1 November 2023, becoming the first port in the world to implement electronic bunker delivery notes (e-BDN).

“This initiative is expected to save the industry close to 40,000 man-days annually. In addition, MPA will introduce a centralised electronic Bunker Delivery Note record verification facility to enhance the transparency and integrity of transactions in bunkering operations,” she said in her speech at the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON).

She emphasised that the Maritime and Port Authority of Singapore (MPA) will work closely with industry partners and the unions to digitalise and streamline processes to improve efficiency in our port; strengthen our capabilities for the bunkering of future fuels and encourage adoption of these fuels; and upskill our workforce to facilitate the green transition.

Khor also made the following announcements:

From 1 April 2025, MPA will reduce the frequency of verification checks for mass flow meters from twice a year currently, to once a year. Singapore was the first port globally to adopt mass flow meters in 2017, and this new move is expected to help the industry save approximately $300,000 annually.
From 1 January 2025, MPA will roll out two innovative AI applications, DocuMind and DocuMatch, developed in collaboration with cloud service providers to drive greater efficiency in our port. These are expected to accelerate certificate processing time from up to three days currently, to a few minutes for most transactions.
Two ammonia bunkering proposals by Mitsui and Fortescue-Equatorial Marine Fuels have been selected by the consortia for the next round of Request for Proposal to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering.
MPA will commit $50 million to support the implementation of the refreshed Maritime Singapore Green Initiative, to further encourage the early adoption of green fuels and technologies across the maritime industry.
Singapore will continue to strengthen international partnerships through initiatives like the Green and Digital Shipping Corridors (GDSCs) to enable the digitalisation and decarbonisation of shipping. On 9 October, MPA and the Shandong Provincial Transport Department will be signing the Singapore-Shandong GDSC at the sidelines of the 25th Singapore-Shandong Business Council co-chaired by Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance, and Mr Zhou Naixiang, Governor of the Shandong Provincial Government.

Photo credit: Singapore Ministry of Transport
Published: 9 October, 2024

Mass Flowmeter

Singapore-based Metcore and LR team up for MFM certification service

Both launched an independent accredited certification service to certify the accuracy and reliability of bunker fuel quantity received via Mass Flow Meters.

Published

2 hours ago

October 9, 2024

Admin

Singapore-based MFM system measurement solutions provider, Metcore International Pte Ltd (Metcore), and classification society Lloyd’s Register (LR) on Tuesday (8 October) launched an independent accredited certification service to certify the accuracy and reliability of the quantity of fuel received via Mass Flow Meters (MFM).

The service provides an additional conformity assessment of the installed meters, positioned, used, maintained and continually certified to the ISO 22192:2021 standard.

The demand for greater accuracy in delivered bunker quantities, coupled with the need for greater transparency, security and process automation, is fuelling the widespread adoption of MFMs across the bunker industry. In 2017, the Maritime and Port Authority (MPA) of Singapore mandated the use of MFM for bunkering operations. SOHAR Port and Freezone has announced a mandate from the start of 2025 and the Port of Rotterdam and Antwerp-Bruges are also set to introduce mandatory use of MFMs in 2026.

To help address the concerns that shipowners and bunker buyers have with the use of MFM on bunker tankers, the LR-Metcore MFM certification service aims to minimise the likely causes of measurement error and ensure that the MFM system serviceability extends beyond its initial qualification at installation. Its post-approval conformity assessment program includes metering-data analysis to monitor crew competency to help maintain secure integrity for continual measurement performance.

In the event of a dispute, the service also offers an independent bunker delivery MFM digital data review as part of the investigation process, helping ensure all parties can carry out a detailed review of the data.

Lewis Cox, LR’s FOBAS Business Development Area Manager, said: “With the potential to eliminate bunker quantity disputes, minimise turnaround time and boost confidence in delivery data – particularly as ship operators seek to account for emissions from the fuel they consume – using Mass Flow Meters seems to be a win for all stakeholders.”

“But the reality of adopting them is not necessarily as straightforward. With the new LR-Metcore MFM certification service, bunkering stakeholders will have peace of mind that their installed meters are certified in conformity with internationally recognised standards for enhanced transparency and trust.”

Photo credit: Metcore International
Published: 9 October, 2024

LNG Bunkering

Seaspan Energy takes delivery of first LNG bunkering vessel

“Seaspan Garibaldi” will take first cargo and finalise commissioning in Vancouver before its first ship-to-ship bunkering in Long Beach, where Seaspan will bunker a series of vessels.

Published

2 hours ago

October 9, 2024

Admin

Seaspan Energy takes delivery of first LNG bunkering vessel “Seaspan Garibaldi”

Seaspan Energy on Monday (7 October) said it took delivery of its first LNG bunkering vessel, the Seaspan Garibaldi and is currently sailing to Vancouver.

Manifold Times previously reported that the vessel is the first of three 7,600m3 LNG bunkering vessels and it is named after Mount Garibaldi, or “Nch'ḵay̓”.

The Garibaldi will take first cargo and finalise commissioning in Vancouver before its first ship-to-ship bunkering in Long Beach, where Seaspan will provide Simultaneous Operations to bunker a series of vessels.

Following its first bunkering, the Seaspan Garibaldi will continue to provide low-carbon solutions to vessels on the West Coast of North America and will soon be joined by Seaspan Energy’s second LNG bunkering vessel, the Seaspan Lions (Ch’ich’iyúy Elxwíkn).

The Seaspan Garibaldi is 112.8 metres in length, 18.6 metres in width, 5 metres in draft, with a design speed of 13 knots.

CIMC Sinopacific Offshore & Engineering (CIMC SOE), a small-scale gas carrier shipyard in the world, was appointed to build all three LNG bunkering vessels.

Photo credit: Seaspan
Published: 9 October, 2024