Connect with us

Alternative Fuels

DNV: May newbuild orders demonstrate ‘increasing appetite’ for methanol-fueled vessels

Methanol continued to be the biggest driver, accounting for 23 of a total of 33 new orders for alternative fueled vessels in May.

Admin

Published

on

DNV: May newbuild orders demonstrate ‘increasing appetite’ for methanol-fueled vessels

Latest figures from DNV’s Alternative Fuels Insight (AFI) platform in May saw a total of 33 new orders for alternative fueled vessels were registered.

According to the classification society, methanol continued to be the biggest driver, accounting for 23 of these vessels. Ten of these are from the container segment, along with five bulk carriers, and four car carriers. 

LNG continued to lag behind methanol, with eight new orders registered in May, while two new orders for ammonia fueled vessels reinforce the burgeoning momentum already shown for this fuel in the earlier months of the year.

“These figures further bolster the trend of steady growth in the ordering of alternative fueled vessels in 2024,” DNV said.

So far this year, a total of 127 new orders for alternative fueled vessels have been placed, representing growth of 55% compared to the first five months of 2023.

Screenshot 2024 06 04 at 1.18.23 PM

Screenshot 2024 06 04 at 1.17.49 PM

Screenshot 2024 06 04 at 1.17.59 PM

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The momentum in the new order market towards alternative fueled vessels is strong, and this has been reinforced by our May figures.”

“Methanol continues to be the headline story, with 70 new orders for methanol-fueled vessels now placed in 2024.”

“This accounts for 55% of all new orders for alternative fueled vessels in 2024. While this is still far behind LNG in overall terms, these latest figures demonstrate a clearly increasing appetite from the market for methanol-fueled vessels.”

“Two new orders have also been placed for ammonia fueled vessels, bringing the total this year to 11, compared to just two for the whole of 2023. While still clearly in its early stages, this provides further evidence of the emergence of ammonia on the alternative fueled market.”

Related: DNV: Methanol-fueled ships continues to outperform orders for LNG in April
Related: DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong
Related: DNV: 10 methanol-fueled vessels ordered in February

 

Photo credit: DNV
Published: 4 June 2024

Continue Reading

Ammonia

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

Newbuilding

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.

Admin

Published

on

By

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

Continue Reading
Advertisement
  • Aderco advert 400x330 1
  • Consort advertisement v2
  • v4Helmsman Gif Banner 01
  • EMF banner 400x330 slogan
  • SBF2
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • SEAOIL 3+5 GIF
  • Singfar advertisement final
  • 102Meth Logo GIF copy
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2


  • endress
  • Kenoil
  • Auramarine 01
  • E Marine logo
  • Synergy Asia Bunkering logo MT
  • PSP Marine logo
  • SMS Logo v2
  • metcore
  • Central Star logo
  • Energe Logo
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Headway Manifold

Trending