Rotterdam, Antwerp and Hamburg bunker supplier Trefoil Trading BV on Wednesday (21 July) launched a new service to provide customers the option to offset their CO2 emissions on a voluntary basis.
Based on the well-to-wake (WTW) emission amounts accounted for by The International Council on Clean Transportation (ICTT) on marine fuels (HSFO/VLSFO/MGO),
Trefoil Trading BV will be able to offer CO2 emissions offsetting options as from 10% up to 100% for those willing to fully compensate the carbon footprint in conjunction with Corporate Social Responsibilities.
The CO2 offsetting certificates will be verified via Gold Standard VERs (Verified Emission Reductions).Trefoil Trading BV has selected the Gold Standard Program being one of the leading and most rigorous voluntary emission-reduction programs, it states.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.