Swedish bunker supplier Gasum on Tuesday (24 March) said it has partnered with Sweden’s largest fuel company Preem to supply their tankers with a new fuel blend consisting of liquefied natural gas (LNG) and 10% renewable liquefied biogas.
This is the first agreement for Gasum to deliver a blend containing renewable fuel to a maritime customer on a regular basis which will contribute to lowering greenhouse gas emissions even further, it said.
Preem’s vessels that will be supplied with Gasum’s blend of renewable maritime fuel are the time-chartered tankers Tern Ocean and Thun Evolve.
“Maritime transport is an important part of Preem’s operations. We are very pleased to be able to introduce renewable liquefied biogas into our fuel mix,” says Anna Karin Klinthäll, Manager Trading Operations at Preem.
“This opportunity supports our high-end sustainability requirements.”
Using LNG as maritime fuel significantly reduces emissions compared to conventional fuel, such as heavy fuel oil, said Gasum.
It improves local air quality and reduces greenhouse gas (GHG) emissions by up to 20% compared to conventional fuel.
According to Gasum, the emissions of greenhouse gas will be reduced even further with 100% renewable liquefied biogas (LBG). LBG can reduce greenhouse gas emissions by up to 85% when compared to fossil fuels, it said.
“Gasum is committed to working for a carbon-neutral future and helping our customers to reduce their own carbon footprint by providing cleaner energy,” said Jacob Granqvist, Sales Director Maritime in Gasum.
“We are happy to support Preem towards greener shipping and particularly their vision of leading the transition towards a sustainable society.”
Photo credit: Gasum
Published: 25 March, 2020
The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo.
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.