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CMB.TECH increases stake in TFG Marine from 10% to 15%

Transaction also extends the existing marine fuel supply agreement to cover all bunker fuel demands of CMB.TECH and its affiliates.

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CMB.TECH increases stake in TFG Marine from 10% to 15%

Global marine fuel supplier TFG Marine Pte Ltd (TFG Marine) on Wednesday (27 May) announced that CMB.TECH, one of the world’s largest maritime groups, has increased its shareholding and committed to sourcing the bunker fuel requirements of CMB.TECH and its affiliates through the company.

Under the revised shareholder arrangements, effective from 1 June, CMB.TECH will increase its equity stake in TFG Marine from 10% to 15% through an issuance of new shares. The transaction also extends the existing marine fuel supply agreement to cover all bunker fuel demands of CMB.TECH and its affiliates. 

CMB.TECH and its affiliates represent a future-proof fleet of around 250 ocean-going vessels. Following completion of the transaction, the amended shareholding of TFG Marine will be 70% Trafigura, 15% Frontline and 15% CMB.TECH.

CMB.TECH acquired a 10% stake in TFG Marine last year through its acquisition of Golden Ocean, a previous shareholder in TFG Marine. CMB.TECH’s decision to increase its shareholding reflects its confidence in the joint venture’s ability to deliver reliable, efficient and transparent marine fuel supply at scale. 

By channelling its bunker procurement through TFG Marine, CMB.TECH will benefit from the joint venture’s global supply network, operational capabilities and market expertise across more than 35 strategic bunkering hub locations worldwide. CMB.TECH’s commitment reflects TFG Marine’s broader strategy to bring strategic partners on board as the business continues to grow.

“CMB.TECH’s decision to increase its stake and consolidate its bunker procurement through TFG Marine is a strong endorsement of what we have built together,” said Kenneth Dam, Executive Director of TFG Marine. 

“This transaction deepens our commercial relationship and reinforces TFG Marine’s position as the marine fuel supplier of choice for leading shipping groups.”

Alexander Saverys, CEO of CMB.TECH, said: “We inherited the shareholding in TFG Marine through our acquisition of Golden Ocean. Through this integration, we were able to witness the high quality of service TFG provides to the market and have decided to centralise our bunkering requirements through their platform. 

“TFG has established an excellent track-record and this transaction supports our long-term bunkering strategy.”

Lars H. Barstad, CEO of Frontline, said: “Frontline has been part of TFG Marine since day one, and our confidence in the venture has only grown.”

“TFG Marine was built to serve the bunker operations of its shareholder fleets, and it does exactly that — allowing us to focus on our core business with the assurance that our fuel supply is in expert hands. We look forward to the next chapter.”

Andrea Olivi, Global Head of Shipping at Trafigura, said: “As the founding and majority shareholder, Trafigura is proud of the business TFG Marine has become. TFG’s position as one of the leading marine fuel suppliers in the world is built on a foundation of operational excellence, underpinned by digitalisation, modernisation and transparency. With the support of its shareholders, TFG Marine has the platform and the ambition to continue its trajectory of growth.”

 

Photo credit: TFG Marine
Published: 28 May, 2026

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Environment

Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Vessel sank while carrying about 1,000 mt of waste oil on 12 January 2025; the wreck was discovered in March 2025 and was found to have drifted about 13 nautical miles from its original sinking site.

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Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Indonesia’s Coordinating Ministry for Political and Security Affairs on Tuesday (14 July) held a cross-agency coordination meeting to expedite efforts in handling the Malaysian-flagged tanker Silver Sincere that sank off Bintan Regency, Riau Islands.

The vessel sank while carrying about 1,000 metric tonnes (mt) of waste oil on 12 January 2025. 

According to authorities, the ship sank within Indonesian waters. After several surveys, the wreck was finally discovered in March 2025 and it was found to have shifted approximately 13 nautical miles from the initial sinking location.

The meeting was aimed to align cross-ministerial and institutional measures to expedite the handling of the Silver Sincere wreck while minimising risks to shipping safety, the marine environment, and national interests.

Deputy for Coordination of State Defense and National Unity Purwito Hadi Wardhono emphasised that the handling of the impact of the Silver Sincere sinking was the first case to be comprehensively coordinated, serving as a model for handling foreign vessels sinking within Indonesian jurisdiction.

Through this cross-sectoral coordination, the government will establish a clear and measurable framework that can serve as a reference for resolving similar cases in the future, while minimising state losses due to environmental pollution, damage to underwater ecosystems and infrastructure, and disruption to shipping lanes.

“The most important thing is to immediately stop and prevent the negative impacts of this ship sinking,” Purwito said.

“Therefore, a coordinating role is crucial, as maritime security governance involves various ministries and institutions with varying authorities, allowing for faster, more integrated, and more effective response,” he said. 

He added that the Silver Sincere was a Malaysian-flagged vessel that sank within Indonesian jurisdiction, and therefore, all handling processes must comply with the provisions of Indonesian laws and regulations.

In the meeting, Prof. Eko Ganis Sukoharsono, representing the SAE Energy Consulting Team, presented the results of an analysis based on 14 observation periods using Sentinel-1 Synthetic Aperture Radar (SAR) satellite imagery. 

The analysis results showed strong indications of a waste oil spill that has resulted in marine pollution, damage to the seabed due to shifting shipwrecks, disruption of coastal ecosystems and fishing grounds, and potentially threatening the livelihoods of fishing communities around the Riau Islands. 

Purwito added these findings further emphasise the importance of accelerating the removal of the shipwrecks to prevent widespread environmental impacts, maintain shipping safety, and avoid the potential for greater state losses.

The meeting brought together representatives of related ministries and institutions including the Ministry of Foreign Affairs, Ministry of Defense, Ministry of Transportation, Ministry of Maritime Affairs and Fisheries, Ministry of Environment, Attorney General’s Office.  

Related: MPA: Malaysia-registered tanker “Silver Sincere” sinks off Pedra Branca

 

Photo credit: MarineTraffic / Julian T
Published: 20 July, 2026

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LNG Bunkering

Singapore: FueLNG achieves 800th LNG bunkering operation milestone

Bunker tanker “FUELNG Venosa” delivered LNG marine fuel to bulk carrier “MV Ubuntu Humanity” at Eastern Bunkering A Anchorage (AEBA) on 11 July.

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Singapore: FueLNG completes 800th LNG bunkering operation

Singapore’s licensed LNG bunker supplier FueLNG on Friday (17 July) announced the successful completion of its 800th LNG bunkering operation in the republic.

The company said bunker tanker FUELNG Venosa delivered LNG marine fuel to bulk carrier MV Ubuntu Humanity at Eastern Bunkering A Anchorage (AEBA) on 11 July. 

“This achievement is more than just a number,” FueLNG said.

“It reflects the trust our customers place in us, the dedication of our operations team, the professionalism of our marine partners, and our unwavering commitment to safe, efficient, and reliable bunker deliveries.” 

Manifold Times previously reported FueLNG completing its 500th LNG ship-to-ship (STS) bunkering operation.

Related: Singapore: FueLNG achieves milestone of 500th STS LNG bunkering operation

 

Photo credit: FueLNG
Published: 20 July, 2026

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Methanol

Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 mt annually.

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Ship design and engineering service provider Western Baltic Engineering on Thursday (16 July) showcased its latest concept design for a green methanol bunkering vessel, developed for the operational needs of the Port of Klaipėda.

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 metric tonnes (mt) annually. 

“It is Western Baltic Engineering’s first concept dedicated exclusively to green methanol bunkering, expanding our portfolio of alternative-fuel vessel solutions,” the company said in a social media post.

“Building on our experience in methanol-ready vessel design, it reflects our continued focus on enabling the industry’s transition to cleaner fuels.”

“As the maritime sector evolves, engineering companies have a responsibility not only to respond to market needs but also to anticipate future challenges,” said Marius Arkusauskas, Director at Western Baltic Engineering.

“By exploring emerging technologies and alternative fuel applications, we help our partners prepare for the next generation of maritime operations while contributing to a more sustainable future.”

 

Photo credit: Western Baltic Engineering
Published: 20 July, 2026

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