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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.




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

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Singapore: EMA, MPA shortlist two consortia for ammonia power generation and bunkering

Chosen consortia are Keppel’s Infrastructure Division and Sembcorp-SLNG, and the bunkering players in these consortia are Itochu Corporation, NYK Line and Sumitomo Corporation.





RESIZED bunker tanker singapore

The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) on Thursday (25 July) said they have shortlisted two consortia that will proceed to the next round of evaluations of proposals to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering. 

The two consortia were selected from a total of six that were earlier shortlisted in 2023 to participate in a restricted Request for Proposal (RFP), following an Expression of Interest (EOI) called in 2022. The bids were assessed based on the technical, safety and commercial aspects of their proposals. 

The two consortium leads are Keppel’s Infrastructure Division and Sembcorp-SLNG, and the bunkering players in these consortia are Itochu Corporation, Nippon Yusen Kabushiki Kaisha (NYK Line) and Sumitomo Corporation. The two consortia will proceed to conduct engineering, safety and emergency response studies for the proposed Project.

At the next phase, we will select one of the two bidders as the lead developer of the project. The lead developer will develop the end-to-end ammonia solution comprising (i) generating 55 to 65 MW of electricity from imported low- or zero-carbon ammonia via direct combustion in a Combined Cycle Gas Turbine; and (ii) facilitating ammonia bunkering at a capacity of at least 0.1 million tons per annum (MTPA), starting with shore-to-ship bunkering followed by ship-to-ship bunkering. 

Given the nascency of the technology and global supply chains, the Government will work closely with the appointed lead developer to implement the Project. We aim to announce the lead developer by Q1 2025.

The project is part of Singapore’s National Hydrogen Strategy launched in 2022, which outlines Singapore’s approach to develop low-carbon hydrogen as a major decarbonisation pathway as part of the nation’s commitment to achieve net zero emissions by 2050.

A key thrust of this strategy is to experiment with the use of advanced hydrogen technologies that are on the cusp of commercial readiness. Ammonia is currently one of the most technologically-ready hydrogen carriers with an established international supply chain for industrial use.

“If successful, the project will position Singapore as one of the first countries in the world to deploy a direct ammonia combustion power plant and support the development of ammonia bunkering for international shipping, EMA and MPA said.

“This will help to unlock the potential of low-carbon ammonia as a low-carbon fuel.”


Photo credit: Manifold Times
Published: 25 July 2024

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LNG Bunkering

China: River-sea LNG bunkering vessel named and delivered in Shanghai

The 14,000 cubic metre ship, “Huaihe Nengyuan Qihang”, was independently developed, designed and built by Hudong-Zhonghua Shipbuilding (Group) for Huaihe Energy Holding Group.





China: River-sea LNG bunkering vessel named and delivered in Shanghai

China’s river-to-sea LNG bunkering vessel, which was built locally, was named and delivered in Shanghai on Monday (19 July), according to the Shanghai Association of Shipbuilding Industry (SASIC). 

The 14,000 cubic metre (cbm) ship, Huaihe Nengyuan Qihang, was independently developed, designed and built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd for Huaihe Energy Holding Group as part of China’s "Gasification of the Yangtze River” project.

The ship is capable of travelling through the Nanjing Yangtze River Bridge all year round and has been dubbed a “Customised Yangtze River” LNG refuelling and transportation ship.

The ship is equipped with the B-type LNG containment system independently developed by Hudong-Zhonghua and authorised by a national patent.

According to SASIC, this was the first time such a system has been applied to a domestic LNG  refuelling and transportation ship, marking a major breakthrough in the B-type LNG containment system developed by China with independent intellectual property rights.

Related: China’s first river-sea LNG bunkering ship completes inaugural bunkering operation

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.


Photo credit: Shanghai Shipbuilding Industry Association
Published: 25 July 2024

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Singapore: EPS takes delivery of LNG dual-fuel bulker “Mount Ossa”

Firm said said the last vessel in its series of six 210,000 dwt DF LNG Newcastlemaxes chartered to Rio Tinto, was successfully delivered by New Times Shipbuilding.





Singapore: EPS takes delivery of LNG dual-fuel bulker “Mount Ossa”

Singapore-based shipping firm Eastern Pacific Shipping (EPS) on Wednesday (24 July) said the last vessel in its series of six 210,000 dwt dual-fuel LNG Newcastlemaxes chartered to Rio Tinto, was successfully delivered.

The delivery of Mount Ossa marked the 21st vessel being delivered by New Times Shipbuilding to EPS.

“Despite global challenges, Rio Tinto and EPS have shown unparalleled resilience and a strong commitment to decarbonize shipping,” it said in a social media post.

“Over the past three years, these LNG-powered vessels have proven to be a sustainable choice, emitting 30% less than their conventional counterparts. We have successfully completed over 200 LNG bunkering operations, significantly reducing emissions across our fleet.”

“We celebrate our strong partnership with New Times Shipbuilding on this 21st milestone delivery to the EPS fleet, grateful to have 43 world-class vessels built and delivered, including those on order from New Times, which means we are only halfway through our esteemed collaboration.”


Photo credit: Eastern Pacific Shipping
Published: 25 July 2024

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