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Biofuel

Glander teams up with Cepsa for biofuel bunkering operation of asphalt tanker

Glander International Bunkering collaborates with Cepsa to supply 347 mt of B24 FAME / FO blend to “MT Bitu Atlantic”, a 50,805DWT asphalt tanker for Rubis Group in Algeciras.

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Glander International Bunkering on Wednesday (11 October) said it teamed up with Spain’s bunker and biofuel supplier Cepsa to supply bio bunker fuel to an asphalt tanker in Algeciras anchorage.

A total of 347 metric tonnes (mt) of B24 FAME / FO blend was supplied to MT Bitu Atlantic, a 50, 805DWT asphalt tanker for Rubis Group in Algeciras anchorage.

The operation was a collaborative effort between the Dubai and Valencia teams at Glander International Bunkering, together with Spain’s leading bunker and biofuel supplier Cepsa. The product was a second generation advanced biofuel manufactured from waste-based feedstock.

“The landmark delivery marks the French stock-listed asphalt tanker company’s first-ever biofuel supply, signaling to shareholders its positioning as a frontrunner in the green transition,” the firm said. 

Dimitris Mertikas, Key Account Manager in Dubai, said: “We take immense pride in our client’s achievement and we are pleased to be entrusted with this project. Biofuel is no longer a future fuel; it is here today.”

“More companies are expected to follow suit for their first biofuel supply, and we stand ready to support them.”

Glander International Bunkering also provides biofuel in other global ports, with ISCC EU and ISCC Plus certificates in its Valencia, Tønsberg, Geneva, Dubai and Singapore offices.

Photo credit: Glander International Bunkering
Published: 12 October, 2023

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Alternative Fuels

Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

Partners will carry out projects and testing out commercial structures to accelerate uptake of zero and near-zero emission bunker fuels, such as synthetic and bio-variants of methanol and ammonia.

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The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) on Monday (15 April) said the Singapore-Rotterdam Green and Digital Shipping Corridor (GDSC) has commenced the implementation phase and aims to enhance operational efficiencies and lower barriers for first movers to ensure availability, acceptability and affordability of alternative marine fuels. 

The corridor will accelerate transformation efforts for maritime decarbonisation and digitalisation.

The GDSC partners will convene for the inaugural GDSC Symposium as part of Singapore Maritime Week 2024. The partners include MPA, PoR, PSA International, A.P. Moller Maersk, CMA CGM, Hapag-Lloyd, MSC, Ocean Network Express, BP, Shell and Methanol Institute. 

The Singapore-Rotterdam GDSC was established by MPA and PoR in August 2022 to accelerate transformation efforts for maritime decarbonisation and digitalisation.

To-date, the GDSC initiative has brought together 26 global value-chain partners across shipping lines, fuel suppliers, port authorities and operator, industry coalitions, banks, leading institutes of higher learning and knowledge partners.

Hapag-Lloyd, the world’s fifth largest liner shipping company operating more than 260 ocean going vessels, is the latest addition to the corridor. Hapag-Lloyd joins four other leading global container shipping lines which have committed to deploying large container vessels running on zero-and near-zero emission fuels along the high-volume Asia-Europe trade lane.

Other new corridor partners include A*STAR Centre for Maritime Digitalisation (A*STAR’s C4MD), led by A*STAR’s Institute of High Performance Computing (A*STAR IHPC). A*STAR’s C4MD aims to develop advanced computational modelling, simulation and artificial intelligence solutions for a safe, efficient and sustainable maritime ecosystem. 

Encouraging the uptake of zero and near-zero emission fuels

The GDSC partners will be implementing several first-mover pilot projects and testing out commercial structures to accelerate the uptake of zero and near-zero emission fuels, such as synthetic and bio-variants of methanol, ammonia, methane, and hydrogen. This implementation follows earlier modelling studies undertaken by the Maersk Mc-Kinney Møller Centre for Zero Carbon-Shipping and the Centre for Maritime Studies of the National University of Singapore to explore multiple alternative fuels pathways and their viability as sustainable marine fuel.

Bio-methane Working Group

The bio-methane working group, led by SEA-LNG has examined relevant regulations and certification standards such as the ISCC EU certification to support the adoption of bio-methane for marine bunkering at a commercial scale. The GDSC partners plan to carry out Bio-LNG bunkering pilots over 2024 and 2025. These pilots would be based on mass balancing chain of custody principle that involves physical blending of certified bio-methane with non-certified conventional LNG across shared transport, storage and distribution infrastructure such as pipelines.

Methanol Working Group

Following the conduct of the Port of Rotterdam’s green methanol terminal bunkering operation on the world’s first methanol-fuelled container ship, and the world’s first ship-to-containership methanol bunkering at the Port of Singapore, the methanol working group, led by PoR, has worked on a clear starting point for fuel standards and knowledge exchange on chain of custody principles. The Working Group will also be addressing common challenges such as acceptability, availability, and affordability to carry out commercial methanol bunkering at both Ports of Singapore and Rotterdam.

Ammonia Working Group

The ammonia working group, jointly led by MPA, the Nanyang Technological University Maritime Energy and Sustainable Development Centre of Excellence, and the A*STAR’s C4MD will be developing a framework to assess the lifecycle greenhouse gas (GHG) intensity of green ammonia for bunkering, and a decision-making tool for value-chain partners to optimise their green ammonia supply chain network. This study, to be completed by 2025, will support ongoing efforts by the International Maritime Organization (IMO) to develop the Life Cycle GHG Assessment (LCA) framework and guidelines for alternative marine fuels.

Hydrogen Working Group

With Shell’s contribution, the hydrogen working group has been assessing the technical and economic feasibility of hydrogen as a marine fuel for ocean-going container vessels. Going beyond desktop-based studies, the working group aims to develop novel ship designs allowing the GDSC partners to understand the cost differential and how to practically overcome the challenges, whilst maximising the opportunities that hydrogen as a sustainable marine fuel offers.

Commercial Structures Working Group to reduce cost barriers to zero and near-zero emissions fuels

To support these fuel-based initiatives and drive commercial scalability, a working group led by PoR and the Global Maritime Forum (GMF), supported by the GDSC partners, is developing and testing commercial structures to reduce the cost barriers of using zero and near-zero emission fuels. The working group is currently exploring various demand and supply aggregation mechanisms and public and private financial levers that have the potential to collectively bring down the green premium and help bridge the cost gap.

Adoption of digital solutions for efficient and secure ship-shore data exchange and GHG emissions monitoring, reporting and verification (MRV)

On the digital front, Singapore and Rotterdam have successfully trialled the exchange of port-to-port data and are now able to exchange vessel arrival and departure times to facilitate port planning and for ships to optimise their port call voyage between Singapore and Rotterdam. Following this successful trial, Singapore and Rotterdam have jointly issued a call-for-proposal (CFP) for standards-based solutions that enable efficient and secure data exchange between ship and shore.

Related: MPA and Port of Rotterdam sign MoU to form world’s longest Green and Digital Corridor
Related: Partners in Rotterdam-Singapore Green & Digital Shipping Corridor support emission reductions
Related: New progress report highlights Rotterdam-Singapore Green & Digital Shipping Corridor
Related: MPA and Port of Rotterdam sign MoU to form world’s longest Green and Digital Corridor

 

Photo credit: Scott Graham on Unsplash
Published: 15 April 2024

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Bunker Fuel

Singapore: Bunker fuel sales increase by 6.4% on year in March 2024

4.45 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in February, up from 4.18 million mt recorded during March 2023, according to MPA data.

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Singapore: Bunker fuel sales increase by 6.4% on year in March 2024

Sales of bunker fuel at Singapore port increased by 6.4% on year during March 2024, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.45 million metric tonnes (mt) (exact 4,448,243 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in February, up from 4.18 million mt (4,178,950 mt) recorded during March 2023.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in March (against on year) recorded respectively 1.61 million mt (+40.4% from 1.27 million mt), 2.42 million mt (+9.91% from 2.55 million mt), zero (from zero), 5,100 mt (+132% from 14,700 mt) and zero (from zero).

Singapore: Bunker fuel sales increase by 6.4% on year in March 2024

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in February (against on year) recorded respectively zero (from zero), 66,000 mt (-46.9% from 28,400 mt), zero (from zero), zero (from zero) and zero (from zero).

LNG and methanol sales were posted respectively at 38,600 mt (from 3,700) and zero (from zero).

Related: Singapore: Bunker fuel sales up by 18.8% on year in February 2024
Related: Singapore: Bunker fuel sales up by 12.1% on year in January 2024

A complete series of articles on Singapore bunker volumes by Manifold Times in 2023 can be found below:

Related: Singapore achieves milestone with record year for bunker sales in 2023
Related: Singapore: Bunker fuel sales fell 2.5% on year in November 2023
Related: Singapore: Bunker fuel sales increase by 3.5% on year in October 2023
Related: Singapore: Bunker fuel sales increase by 7.7% on year in September 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 3.4% on year in August 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 9.7% on year in July 2023
Related: Singapore: Bunker fuel sales continue to increase by 4.7% on year in June 2023
Related: Singapore: Bunker fuel sales increase by 11.8% on year in May 2023
Related: Singapore: Bunker fuel sales continue upward trend, rose by 13.4% on year in April
Related: Singapore: Bunker fuel sales continue upward trend, rose by 10.8% on year in March
Related: Singapore: Bunker fuel sales continue upward trend, up 8.3% on year in February
Related: Singapore’s bunker sales kickstarts well with 8.6% increase on year in January 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 March 2024

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Alternative Fuels

ENGINE on Fuel Switch Snapshot: Costlier Brent pushes VLSFO higher

VLSFO prices rise sharply with Brent; LNG $300/mt cheaper than biofuel in Rotterdam.

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ENGINE on Fuel Switch Snapshot: Costlier Brent pushes VLSFO higher

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot: 

  • VLSFO prices rise sharply with Brent
  • LNG $300/mt cheaper than biofuel in Rotterdam

8 April 2024

VLSFO

Rotterdam and Singapore's VLSFO benchmarks have risen sharply in the past week, tracking ICE Brent futures' steep rise of $4.49/bbl ($32.91/mt).

Rotterdam's VLSFO benchmark has gone up by $29/mt. Availability of the fuel grade remains normal in the port and 4-5 days of lead time are still recommended.

Singapore’s VLSFO benchmark has increased by $15/mt. Its VLSFO availability remains tight for prompt delivery. Most suppliers recommend lead times of up to 14 days, but some can accommodate stems within five days in the port.

Biofuels

Rotterdam’s B24-VLSFO HBE bunker price has surged by $26/mt in the past week. Biofuel bunker demand in the port has been stable in the spot market, one source says. Another source has not seen any demand recently.

A palm oil mill effluent methyl ester (POMEME) cargo was priced at $1,405/mt in the ARA region on Friday, according to PRIMA Markets. This price has gained around $19/mt over the past week, PRIMA Markets said. POMEME-based biofuels can qualify for advanced biofuel rebates through the Dutch HBE system.

Singapore’s B24-VLSFO UCOME bunker price has climbed $14/mt higher over the past week.

“A domestic producer of the renewable fuel pinned the offer and asking price for UCOME FOB China in bulk ‘strongly’ at $1,050/t [$1,050/mt],” PRIMA Markets reported. “Other sources reported increasingly higher offer levels for same product up to $1,100/t [$1,100/mt], highlighting uncertainty in assigning valuation, as producers and traders in the East Asian country continue to see little demand or interest for trades.”

Singapore relies heavily on Chinese UCOME imports and higher Chinese UCOME prices can raise UCOME prices in the Singapore market.

LNG

Rotterdam’s LNG bunker benchmark has declined by $10/mt in the past week. The price has mirrored a $11.99/mt fall in the front-month NYMEX Dutch TTF Natural Gas benchmark and comes amid persistently high gas storage levels.

European gas storage levels are at 58% and have exceeded expectations, ING's Warren Patterson commented. He pointed to milder weather in the northern hemisphere capping draws.

Low seasonal demand in "shoulder months" like April will usually weigh down on LNG prices, a trader points out.

Rotterdam’s LNG discount to its VLSFO has widened by $39/mt to $170/mt over the week. Its LNG bunker price is now more than $300/mt cheaper than its B24-VLSFO benchmark price.

Singapore’s LNG bunker benchmark has remained unchanged in the past week. Singapore’s LNG discount to its VLSFO has widened by $15/mt to $113/mt in the past week.

By Konica Bhatt and Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 9 April 2024

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