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Bunker industry veteran Simon Neo discusses short/long term future bunker fuels in line with IMO goals

Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.

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The maritime industry must be ready to look into the cost of future bunkering operations and marine fuels as well as technology advancement that can help reduce operational losses while increasing transparency of quantities being delivered.

This was the conclusion reached by Singapore bunker industry veteran Simon Neo, Director of SDE International Pte Ltd during his presentation at the Colombo International Maritime and Logistics Conference 2022 on 1 November.

During his session titled Future of Bunker Fuels, Neo highlighted future bunker fuels for the short and long term with the impending IMO 2030/2050 targets.

“Availability is one of the biggest headaches the maritime industry is facing with regards to alternative fuels,” he said.

He elaborated this with a pool of unanswered common questions among industry stakeholders:

“Which bunker ports would offer all grades of different future fuels, which are carbon friendly or even zero carbon? When it comes to ship engines, do we need to modify, rebuild, or change new engines that can burn different types of alternative fuels? Even for newbuildings, shipowners have to carefully consider their choice of fuel before constructing,” he said.

He deemed short term fuels to be those that may not meet the zero carbon mark such as biofuels, LNG and methanol but he emphasised that this does not mean fossil fuel will cease to exist just yet.

“VLSFO can be considered a short term solution as it will continue to be used by some shipowners. So fossil fuel will still be around in 2030,” Neo said.

However, by 2050, he said fossil fuels would need to be “discounted” as it would not meet the zero carbon requirement unless there were methods to totally eliminate carbon from the fuel usage. Instead, he suggested long-term fuels such as green methanol, green LNG, green hydrogen, blue hydrogen and ammonia may be the best options to meet IMO 2050 requirements.

Another approaching issue on future fuels he touched on was compliance efforts in line with new fuels coming into the market where he drew examples from around the world.

“Singapore is looking into EBDN or Electronic BDN or some may call it digital bunkering to ensure compliance. In Europe, we can see many companies coming out to introduce EBDN or digital bunkering programmes as well as blockchain systems to establish a digital record of a batch of fuel throughout its lifecycle.”

Neo viewed shipowners and bunker buyers are not only the ones exploring options for digital bunkering.

“Banks are also scrutinising digital bunkering as they are very concerned about the loans or overdraft facility that are given out to bunker suppliers,” Neo said, while adding mass flow meters (MFMs) are also being looked into for transparency and accuracy.

RelatedSingapore: Players complete first ‘live’ bunker delivery financing pilot with eBDN

 

Photo credit: SDE International Pte Ltd
Published: 14 November, 2022

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Alternative Fuels

TMD Energy and Double Corporate to negotiate on bioenergy sustainable fuel solutions deal

TMD Energy and bioenergy firm Double Corporate entered into a MoA to explore a strategic collaboration in the business of bioenergy sustainable fuel solutions for Malaysia and global markets.

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Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) on Wednesday (18 June) announced the company has entered into a Memorandum of Agreement (MoA) with bioenergy firm Double Corporate Sdn Bhd to explore a strategic collaboration in the business of bioenergy sustainable fuel solutions for Malaysia and global markets. 

The company said this collaboration marks a new milestone towards TMDEL’s strategy to expand into sustainable and alternative fuel energy sectors. The MOA initiates exclusive negotiations to formalise partnerships in bioenergy sustainable fuel solutions and operational integration.

On 21 April, TMDEL, a 65.08%-owned subsidiary of Straits Energy Resources, was listed on the New York Stock Exchange American (NYSE American).

TMDEL and its subsidiaries (TMDEL Group) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulphur fuel oil, low sulphur fuel oil and very low sulphur fuel oil, to ships and vessels at sea. 

TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services.

Double Corporate is a ISCC-EU certified Malaysian-based bioenergy company specialising in waste-based bioenergy and it involves converting waste into high-yield sustainable fuels and lubricants using proprietary, ISCC-EU-approved technology. 

Double Corporate has a decade-long expertise in producing high-yield, low-emission biofuels suitable for applications in the sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) markets, particularly in Europe and Asia.

Dato’ Sri Kam Choy Ho, Chairman and CEO of the company, said: “This partnership aligns with our vision to expand regionally and globally to advance long term sustainable, green business and fuel innovation. Double Corporate’s circular-economy focus complements our commitment to environmentally responsible energy solutions.”

The MOA establishes the parties’ intention to enter into mutual discussions to collaborate and participate in the business in Malaysia and globally with a one-year exclusivity period for negotiations, extendable by mutual consent. Both parties will prioritise finalising definitive agreements within the exclusivity window.

 

Photo credit: TMD Energy
Published: 19 June, 2025

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Alternative Fuels

Singapore-based Proteus Energy introduces hydrogen fuel cell system for maritime sector

Company has partnered with hydrogen fuel cell company Symbio France to develop the Proteus Maritime Fuel Cell Solution, a modular hydrogen fuel-based system for ports and vessels.

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Singapore-headquartered clean energy provider Proteus Energy on Wednesday (18 June) has developed the Proteus® Maritime Fuel Cell Solution, a modular hydrogen fuel-based system for ports and vessels. 

The first offering is the Proteus®75. Each fuel cell stack is 75 kW output, and these can be combined for larger power requirements. The vessel types being targeted are harbour craft, and vessels in the coastal, offshore support, and in-land waterway segments.

The technology has been developed in partnership with Symbio France, a world leading hydrogen fuel cell company with over 30 years track record. Symbio is jointly owned by global industrial groups Michelin, Stellantis, and Forvia.

“The maritime industry needs viable clean energy solutions today,” said Dr Lars Gruenitz, CEO of Proteus Energy. “We are providing a high energy density solution that is compact and lightweight, which is critical for vessels where space and weight considerations are imperative. This best-in-class system is the logical and most cost-effective choice to help operators make a quantum leap in their decarbonisation efforts”.

The Proteus® Maritime Fuel Cell Solution can be delivered as a modular powerpack or customised and fitted into vessels.

Proteus’ fuel cell technology also complements electric propulsion and offers a powerful solution for hybrid vessels by extending their range and easing the load on batteries, thus improving space efficiency and vessel performance.

The Proteus® Maritime Fuel Cell Solution will be backed by a two-year performance guarantee from Symbio France.

Symbio’s systems have already logged millions of kilometers powering cars, buses and commercial trucks across Europe. Now, that same rigorous, road-tested performance is being deployed at sea with added protections for marine operating conditions.

The fuel cell stacks are produced at Symbio’s gigafactory in Lyon, France, using robotic assembly systems capable of producing thousands of units annually.

This high-throughput capability ensures that Proteus can meet rising demand without sacrificing quality – something only established and proven hydrogen fuel cell manufacturers can claim.

What also sets Proteus apart is its ability to bring economies of scale, continuous R&D, and tried and tested reliability from land transport into the marine environment. 

To provide a convenient fuel storage option, Proteus also offers high-pressure hydrogen storage tanks developed with its partner Forvia, a major global components and technology company. The DNV type-approved tanks, which are already available for delivery, offer a safe and easy way to store hydrogen onboard vessels and will be produced on an industrial scale.

In addition, Proteus works with port operators to provide them with customised refueling solutions and infrastructure.

The Proteus® Maritime Fuel Cell Solution is expected to be available for delivery beginning January 2026, with type approval from DNV anticipated before the end of this year. Proteus is ready to work with customers now.

 

Photo credit: Proteus Energy
Published: 19 June, 2025

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Sanctions

UK slaps sanctions on bunker company and Russian shadow fleet of oil tankers

Government has imposed sanctions on 20 oil tankers and Rosneft’s bunker fuel trading subsidiary Rosneft Marine (UK) Limited, in its latest action targeting Russia’s financial, military and energy sectors.

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The UK government on Tuesday (17 June) has imposed sanctions on 20 oil tankers and Rosneft’s bunker fuel trading subsidiary Rosneft Marine (UK) Limited, in its latest action targeting Russia’s financial, military and energy sectors.

The new sanctions crack down further on Russia’s shadow fleet, targeting 20 of oil tankers. The UK is also tightening the net around those who enable Putin’s illicit oil trade, sanctioning Orion Star Group LLC and Valegro LLC-FZ, for their role in crewing and managing shadow fleet vessels. 
The action also targets Russia’s military capabilities, hitting the military agency leading the development of Russia’s underwater intelligence gathering operations (GUGI), protecting the UK from attacks on subsea infrastructure, restricting Putin’s war machine and increasing our security at home. 

“These sanctions strike right at the heart of Putin’s war machine, choking off his ability to continue his barbaric war in Ukraine,” Prime Minister Keir Starmer said.

“We know that our sanctions are hitting hard, so while Putin shows total disregard for peace, we will not hesitate to keep tightening the screws.

“The threat posed by Russia cannot be underestimated, so I’m determined to take every step necessary to protect our national security and keep our country safe and secure.”

According to Rosneft’s website, Rosneft Marine UK, a Rosneft trading division, was established in 2010 to carry out bunker fuel trading for international cargo shipping.

In 2010, an office was opened in London, then in Beijing in 2012.

 

Photo credit: balesstudio on Unsplash
Published: 19 June, 2025

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