Galveston Wharves at Port of Galveston (the Port) and energy transition services provider Stabilis Solutions Inc. (Stabilis) on Tuesday (3 August) said they have entered into a Memorandum of Understanding (MOU) to facilitate the use of liquefied natural gas (LNG) as a marine fuel at the port.
Under the terms of the MOU, the Port and Stabilis will work together to provide turnkey LNG fuelling solutions to marine vessels calling on the Port, including identifying suitable dock space for shore-to-ship fuelling operations, obtaining the necessary permits and approvals, identifying and educating potential customers, and executing LNG fuelling events.
Stabilis will deploy its existing fleet of mobile cryogenic assets, including LNG transportation and distribution equipment, and provide LNG from its liquefaction facilities in Texas and Louisiana to support LNG fuelling operations.
LNG bunkering services are expected to be available in 2021.
“Stabilis is proud to partner with the Galveston Wharves on this LNG marine bunkering opportunity,” said Jim Reddinger, President and CEO of Stabilis.
“The use of LNG as a marine fuel is critical for marine operators to reduce their emissions profile, and Stabilis is building a North American network of LNG bunkering locations to provide this critical service to our marine customers.
“The Port of Galveston is the second LNG marine fuelling location (along with the Port of Corpus Christi) that Stabilis will operate on the Gulf Coast. As our marine customers pursue their environmental, commercial, and operational goals in the energy transition, Stabilis will be there to support them.”
The number of LNG-powered vessels in the world fleet is growing rapidly as LNG fuel benefits marine customers in both efficiency and emissions reductions compared to conventional marine fuels.
According to DNV, demand for LNG as a marine fuel is projected to grow from approximately 1.0 million tons per annum (mtpa) in 2020 to nearly 4.0 mtpa by 2024, a compound annual growth rate of over 30%.
With this partnership providing LNG fuel and services, Stabilis and the Galveston Wharves hope to attract more LNG-fuelled vessels and to encourage additional conversions to LNG fuel.
Stabilis and the Galveston Wharves have committed to providing extensive education and technical support to potential customers.
“The Galveston Wharves views LNG fuelling of marine vessels as an important step in our commitment to environmental stewardship,” said Rodger Rees, Port Director and CEO.
“And with the number of LNG-fuelled vessels in the global fleet growing rapidly, having LNG fuelling services in the port is also an important step in our commercial growth. We look forward to working with Stabilis on this project.”
Photo credit: Galveston Wharves at Port of Galveston
Published: 4 August, 2021
6,190 dwt bunker vessel Straits Energy delivers LSFO shipment to dedicated storage tanks at Southpoint Terminal.
An analysis by Transport & Environment failed to take a number of MSC’s operational aspects into account, and misrepresented its environmental impact, it said.
A hearing is scheduled to be held on Friday, 23 April at 10 am and anyone who wishes to support or oppose the order may contact Rhodium Trading’s solicitors.
Søren Høll, CEO at KPI OceanConnect, shares how marine energy procurement strategies need to adapt to prepare for the future.
LNG bunker tanker newbuilding designed by VARD Marine Inc. will be constructed at CIMC Sinopacific Offshore & Engineering Co. Ltd in China.
In June, bunker fuel prices in Malaysia and Singapore weakened compared with domestic prices and incentivised distributors to make large purchases, reports JLC.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
