Connect with us

Alternative Fuels

Consort Bunkers receives “Pearl Khaoyai”, prepares for IMO 2030/2050 with IMO Type 2 bunker tanker orders

Enters newbuilding order in early April for six 6,500 dwt IMO Type 2 bunker tankers capable of delivering conventional marine fuels as well as sustainable green fuels including biofuel and methanol.

Admin

Published

on

Pearl Khaoyai 1

Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd on Tuesday (18 April) took delivery of Pearl Khaoyai at Penglai Zhongbai Jinglu Ship Industry Co., Ltd. (Jinglu shipyard) in Shangdong province, China.

The Singapore-flagged 7,999 dwt bunker tanker is the third of seven ‘K’ series newbuild bunker tankers ordered by the company in 2020 and will be supporting marine refuelling operations of Maersk Oil Trading, Mr SK Yeo, Founder of Consort Bunkers, told Manifold Times.

“The last of our ‘K’ series bunker tankers will be upgraded to become an IMO Type 2 chemical tanker for future-proof bunkering operations involving traditional marine fuels and their green alternatives including biofuel and methanol,” shared Mr Yeo.

“We are expecting delivery of this vessel in the first quarter of 2024; Consort Bunkers will be amongst the first Singapore bunker suppliers to operate a newbuild IMO Type 2 bunker tanker for local marine fuel deliveries when this happens.”

Pearl Khaoyai 2

On the occasion, Mr Yeo said Consort Bunkers also placed a newbuilding order at China Merchants Jinling Shipyard (Nanjing) Co., Ltd. in early April for six 6,500 dwt IMO Type 2 bunker tankers as part of Consort Bunkers’ fleet renewal programme.

The 6,500 dwt newbuilds are also capable of delivering a wide variety of conventional marine fuels as well as sustainable green fuels including biofuel and methanol.

“These six vessels represent our ‘L’ series of bunker tankers that will commence delivery from 2024 to 2025,” he said while stating the latest orders for upgraded IMO Type 2 bunker tankers as necessary for supporting bunkering operations coming IMO 2030.

“Biofuel and methanol – forecasted as amongst likely candidates to assist the shipping industry’s decarbonisation drive towards IMO 2030/2050 – are considered chemicals and have to be transported by chemical tankers outfitted with either stainless steel or coated piping, coated tanks and other features due to safety regulations.

“The decision to support shipping’s decarbonisation led to the construction for a new breed of marine refuelling ships at the Jinling shipyard; it is also aligned with the Maritime Singapore Decarbonisation Blueprint published by the MPA (Maritime and Port Authority of Singapore) last year.

“We also note of the MPA introducing a provisional national standard on specifications of marine biofuel (WA 2:2022) which we took into consideration when committing to the latest IMO Type 2 bunker tanker order.”

Moving forward, Mr Yeo shared of Consort Bunkers selling the 2018-built Pearl Mercury and 2019-built Pearl Majestic to respective European and Middle East buyers; both 8,000 dwt vessels are part of seven ‘M’ series sisterships ordered from a Chinese yard in 2016.

“From 2016 to date [in 2023], construction costs for newbuild bunker tankers capable of carrying convention bunker fuels has appreciated between 30-40%,” observed Mr Yeo.

“Our latest exercise [of ‘L’ series newbuilding orders] has shown a further 15-20% premium in construction costs when factoring in current prices of conventional bunker tankers against the new breed of IMO Type 2 marine fuel delivery vessels.”

Consort Bunkers was ranked 18th on MPA’s list of all bunker suppliers ranked by volume in 2022 (versus 20th in 2021).

Related: Singapore: Consort Bunkers welcomes first of seven 7,999 dwt ‘K’ series newbuild bunker tankers to bunkering fleet
RelatedConsort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China
RelatedConsort Bunkers takes productivity to new levels with latest fleet expansion
Related: MPA blueprint prepares marine fuels sector for multi-fuel bunkering transition
Related: Singapore: MPA maritime decarbonisation blueprint sets target for bunkering sector
Related: MPA: Singapore bunker tanker fleet expected to run on net zero fuels by 2050
Related: Singapore: MPA develops framework to support biofuel bunker fuel deliveries
Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2022

Photo credit: Consort Bunkers
Published: 20 April, 2023

Continue Reading

Bunker Fuel

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

4.59 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt recorded during the similar month in 2024, according to MPA.

Admin

Published

on

By

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Sales of marine fuel at Singapore port increased by 7.5% on year in June 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.59 million metric tonnes (mt) (exact 4,594,700 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt (4,274,900 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 1.70 million mt (+8.6% from 1.56 million mt), 2.31 million mt (-7.2% from 2.33 million mt), 1,900 mt (from zero), 4,500 mt (-88% from 8,000 mt) and zero (from zero).

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 38,800 mt (+671.7% from 2,500 mt), 114,300 mt (+97.9% from 45,400 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February this year, recorded 1,000 mt of deliveries in June.

LNG and methanol sales were respectively 55,400 mt (-7.8% from 51,700) and zero (from zero mt). There were no recorded sales of ammonia for the month and so far in 2025.

Related: Singapore: Bunker sales volume raises to year record high of 4.88 million mt in May
Related: Singapore: Bunker fuel sales increase by 4% on year in April 2025
Related: Singapore: Bunker fuel sales increase by 0.5% on year in March 2025
Related: Singapore: Bunker fuel sales down by 8.1% on year in February 2025
Related: Singapore: Bunker fuel sales down by 9.1% on year in January 2025

A complete series of articles on Singapore bunker volumes reported by Manifold Times tracked since 2018 can be found via the link here.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July 2025

Continue Reading

Alternative Fuels

ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

Company contracted Sasaki Shipbuilding to build the 5,000 m3 vessel and Izumi Steel Works to construct an ammonia tank plant that will be loaded onto the vessel, which is expected to be delivered in 2027.

Admin

Published

on

By

ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

ITOCHU Corporation (ITOCHU) on Monday (14 July) announced that it recently signed a shipbuilding contract for the construction of a 5,000 m3 ammonia bunkering vessel with Sasaki Shipbuilding. 

The company also announced an agreement regarding the construction of an ammonia tank plant that will be loaded onto the vessel with Izumi Steel Works. 

These agreements were signed by Clean Ammonia Bunkering Shipping Pte Ltd (CABS), a wholly owned Singapore-based specific purpose company of ITOCHU. 

In relation to this, CABS has concluded a financing agreement with The Hiroshima Bank for financing a part of purchase price of the vessel.

The agreements were concluded to pursue the Demonstration Project for Bunkering Ammonia as Marine Fuel in Singapore adopted by the Ministry of Economy, Trade and Industry in Japan as part of the Global South Future-oriented Co-Creation Project (large-scale demonstration in ASEAN member states). 

Going forward, with an eye toward the demonstration of ammonia bunkering in Singapore after building the world’s first newbuilding ammonia bunkering vessel, ITOCHU said efforts will be made to facilitate concrete discussions with the maritime stakeholders, including the port authority in Singapore, the Maritime & Port Authority of Singapore (MPA), and the fuel producers, while obtaining support from the Japanese Government.

The vessel is to be flagged under the Singapore Registry and is expected to be delivered in September 2027.

ITOCHU will establish a safe offshore bunkering operation of ammonia as marine fuel by way of ship-to-ship transfer through the development and construction of the vessel and demonstration. 

Then, by utilising the vessel, ITOCHU will establish connection between the first movers in clean ammonia production and the first movers in the ammonia-fueled vessels and secure initial demand for ammonia as marine fuel, aiming at the commercialisation of ammonia bunkering business in Singapore and expansion of similar business model to major maritime transportation points around the world, including Spain (Strait of Gibraltar), Egypt (Suez Canal) and Japan.

 

Photo credit: ITOCHU Corporation
Published: 15 July 2025

Continue Reading

Biofuel

Chimbusco Pan Nation delivers first B30-MGO bio bunker fuel blend supply in Hong Kong

The supply, delivered to Orient Overseas Container Line, represents the first time OOCL has received this fuel blend in the region; operation also included a simultaneous delivery of B30-HSFO.

Admin

Published

on

By

Chimbusco Pan Nation delivers first B30-MGO bio bunker fuel blend supply in Hong Kong

Hong Kong-based marine fuel oil supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (11 July) announced the first-ever delivery of a B30-Marine Gasoil (B30-MGO) which consists of 30% biodiesel and 70% Marine Gasoil (MGO), in Hong Kong. 

The supply, delivered to Orient Overseas Container Line (OOCL), represents the first time OOCL has received this fuel blend in the region.

In addition to the B30-MGO, this operation included a simultaneous delivery of B30-High Sulphur Marine Fuel Oil.

“This delivery, completed on 11 July, solidifies CPN’s leadership in advancing green fuel solutions in East Asia. Being the first bunker supplier in the region capable of providing all grades of ISCC-EU Certified marine biofuel, including marine fuel and gas oil, CPN demonstrates its commitment to supporting the maritime industry’s transition to sustainable energy,” the company said on its website. 

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 15 July, 2025

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending