The Guangzhou branch of China State Shipbuilding Corporation (CSSC) and Guangzhou Port Shipping Co., Ltd., a subsidiary of Guangzhou port group, on Thursday (14 October) said it has entered into a RMB 40 million (USD 6.2 million) liquefied natural gas (LNG) power conversion project for eight inland vessels.
The first batch of LNG power conversion projects for inland water vessels operating within the Guangdong Province; the vessel upgrade project will be completed in 2022.
The eight ships, which link traffic between the Nansha Port Area and small and medium-sized wharves in the Pearl River Delta, are operated by the Guangzhou Port Shuttle Bus business.
On 11 October, the Department of Transportation of Guangdong Province and the Department of Finance of Guangdong Province officially launched an implementation plan for domestic vessels to use LNG as a power source.
A total of RMB 550 million (USD 85.5 million) in subsidy funds was made available to promote the green development of inland waterway shipping and LNG powered ship applications under the Guangdong Inland Waterway Green Development Demonstration Project.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.