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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.

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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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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Editor's note: The following article was edited on 4 March 2023 to correct PTP press release's description of CMA CGM Monaco.

Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership a 2024-built vehicle carrier operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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