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Consort Bunkers takes productivity to new levels with latest fleet expansion

Latest seven 8,000 dwt newbuild sister ships are able to offer two grades of marine fuel in a single bunker delivery operation, says Director and General Manager.

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Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd is expecting deliveries of its latest seven 8,000 dwt newbuild vessels to enhance marine fuel delivery operations at the republic.

The Chinese build ships feature Japanese made components for essential operating machinery (e.g. pumps. Engines, etc); each has a total cargo capacity of 7,500 mt for up to three types of products via segregated cargo lines and is equipped with two Endress + Hauser mass flowmeters (MFMs) for simultaneous dual grade bunker delivery operations.

“These vessels are the result of a fleet renewal plan initiated in 2016 when we were approached by oil majors to upgrade our existing own and chartered fleet with higher quality newbuildings,” Yeo Siok Keak, Director and General Manager of Consort Bunkers, told Manifold Times.

“We see value in the market coming 2020, a period when new regulations and a wider variety of 0.5% sulphur limit compliant fuels are introduced, and have built these bunkering vessels to get the job done.”

A feature of the vessels, an option to offer two different grades of marine fuel in a single bunker delivery operation, is a unique function not available to the majority of bunker tankers in the Singapore market.

“Initially, our intention was to build upon the proven efficiencies which MFMs offer by further improving on productivity with these dual grade barges,” notes Yeo.

“However, it seems we are now seeing increased interest from oil majors and reputable traders keen on chartering these larger and modern newbuilds.

“As such, we are now evaluating our position where possibly more than half of the new fleet will be chartered out, with the remaining barges used to continue supporting our own physical bunker supply.

“This falls in line with Consort’s long term strategy of diversifying our business model to include a combination of time charters, spot barging and sales.”

To date, the company has already taken delivery of five bunker tankers, namely Pearl Mercury, Pearl Mercure, Pearl Melody, Pearl Mimosa and Pearl Mutiara; the remaining two vessels, Pearl Maya and Pearl Majestic, are expected to be delivered by the third quarter of 2019.

Consort also operates in the Middle East via bunkering subsidiary Pearl Marine which supplies marine fuel at Fujairah, Khor Fakkan and Jebel Ali, and has recently started marine refuelling operations at the Port of Zhoushan and Ningbo in China through subsidiary Consort Bunkers (Zhoushan) Co. Ltd.

The company ranked 11th in the Maritime and Port Authority of Singapore (MPA) list of top bunker suppliers by volume in 2018.

It entered formal intentions with Zhoushan-based companies to collaborate in maritime logistics, bunker supply and wholesale petroleum trading in 2018.

Related: MPA list reveals top bunker suppliers at Singapore port in 2018
Related: Consort Bunkers and Glencore Singapore in MOUs with Zhoushan firms

Photo credit: Consort Bunkers
Published: 16 May, 2019

 

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Biofuel

Pinnacle Marine and Abo Shoten ink MoU for B100 trial in Singapore

Pinnacle will carry out a 1,000-hour B100 biodiesel trial on an aluminium harbour craft in Singapore; Abo Shoten will contribute funding to support construction and operational expenses of the trial vessel.

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Pinnacle Marine and Abo Shoten ink MoU for B100 trial in Singapore

Singapore-based shipbuilding firm Pinnacle Marine on Wednesday (13 November) said it signed a Memorandum of Understanding (MOU) with Abo Shoten, Ltd. to launch a collaborative research project centred on a full biodiesel (B100) trial.

Pinnacle will carry out a 1,000-hour B100 biodiesel trial on a 16-metre aluminium harbour craft within Singapore’s port waters. Other partners are NTU’s Maritime Energy & Sustainable Development Centre of Excellence (MESD), Weichai Singapore Pte Ltd, and China Classification Society.

“As part of the agreement, Abo Shoten will contribute funding to support the construction and operational expenses of the trial vessel,” Pinnacle said in a social media post. 

“This MOU aligns with Abo Shoten’s Sustainable Development Goals, which emphasise sustainable practices, maritime decarbonisation, and environmental stewardship - principles that closely align with Pinnacle’s commitment to sustainability.”

The MOU was formally signed by the CEOs, Mr. Ren Wada of Abo Shoten and Mr. Fabian Lim of Pinnacle Marine.

“We look forward to continued collaboration with our partner in advancing maritime decarbonisation, including the construction, delivery, and successful operation of this research harbour craft powered by B100 biodiesel in our port waters,” the firm added.

Manifold Times previously reported Pinnacle signing a Research Collaboration Agreement with NTU Maritime Energy & Sustainable Development Centre of Excellence (MESD), Weichai Singapore Pte Ltd, and the China Classification Society.

Related: Biodiesel sea trial to be conducted on harbour craft in Singapore

 

Photo credit: Pinnacle Marine
Published: 14 November, 2024

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Winding up

Singapore: Liquidators set creditors meeting for An Shun Shipping, Dai Hai Shipping

Meetings will be held via videoconference at 11am and 2pm (Singapore time) respectively on 27 November, according to Government Gazette notices.

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Meetings for creditors of An Shun Shipping Pte Ltd and Da Hai Shipping Pte Ltd, which is in liquidation, has been scheduled to take place on 27 November, according to several Government Gazette notices on Wednesday (13 November). 

The meetings will be held via videoconference at 11am and 2pm (Singapore time) respectively. 

The agenda of the meetings will be as follows:

  • To approve the Liquidator’s remuneration plus disbursements with applicable GST incurred in the period of the Company’s liquidation from 21 January 2022 to 30 September 2023; and
  • Any other business.

The details of the liquidators are as follows:

Yit Chee Wah
Liquidator
c/o One Raffles Quay
#27-10 South Tower
Singapore 048583

Note:

  1. Proxies to be used at the meeting must be lodged with FTI Consulting (Singapore) Pte Ltd, via email to [email protected] by 12:00 p.m. (Singapore time) on 26 November 2024. Secured creditors (unless they surrender their security) must give particulars, the date the security was received and its value if they wish to vote at the Meeting.
  2. The Meeting shall be held by videoconference only. Details of the videoconference will be provided to only those creditors, via email, who have registered their interest in attending the Meeting via videoconference.

 

Photo credit: Benjamin Child
Published: 14 November, 2024

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Ammonia

KR and partners to develop safety guidelines for ship-to-ship ammonia bunkering

KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry will work together to develop standardised safety procedures that will set international benchmarks for ship-to-ship ammonia bunkering.

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KR and partners to develop safety guidelines for ship-to-ship ammonia bunkering

Classification society Korean Register (KR) on Wednesday (13 November) said it has formed a landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering through a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS Line, and the Liberian Registry.

As the demand for ammonia-fuelled vessels rises, the partnership aims to establish robust safety standards for STS ammonia bunkering, an efficient method for supplying fuel to ammonia-fuelled vessels. 

“The safe bunkering of alternative fuels, like ammonia, requires rigorous risk assessment and the establishment of controlled zones,” KR said in a statement. 

“While standards for LNG and methanol bunkering have already been defined through various international industry standards, ammonia currently lacks relevant guidelines, highlighting the urgent need for the partnership’s research.”

To address this industry need, the five organisations involved will work together to develop standardised safety procedures that will set international benchmarks for ship-to-ship ammonia bunkering.

As part of the initiative, HD KSOE will perform risk assessments aligned with international industry standards, while HD HHI and KSS Line will utilise their expertise and experience in alternative-fuel vessels and ammonia carriers to evaluate controlled zones and safety procedures for ammonia STS bunkering. 

KR will verify the compliance of these safety procedures and issue an Approval in Principle (AIP) certificate. The Liberian Registry, overseeing the world’s largest registered fleet, will further review the validity of these safety procedures.

KIM Yeontae, Executive Vice President of KR’s technical division, said: “With the expected rise in ammonia bunkering demand driven by the construction of more ammonia-fueled vessels, this collaborative effort to establish safety standards is highly significant.”

“Through this partnership, KR is committed to advancing ammonia fuel technology and supporting the industry’s decarbonisation efforts.”

KIM Jungsik, Managing Director of the Korea Office at the Liberian Registry, said, “Just as we observed with the initial adoption of LNG STS bunkering, it is critical to establish regulations and procedures for ammonia as well.”

“Our Innovation and Energy Transition team will thoroughly review the safety protocols and support the development of international standards.”

 

Photo credit: Korean Register
Published: 14 November, 2024

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