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DNV Decarbonization Insight Series August 2026 - What maritime professionals should know about AI Training

Milestone

Global Energy Storage Group sells Rotterdam terminal to Tepsa, exits Dutch market

Chooses to sharpen its focus on growth in Asia, particularly its flagship terminal in Port Klang, Malaysia.

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Global Energy Storage Group (GES) on Wednesday (9 July) announced the completion of the sale of its terminal located in the Port of Rotterdam., marking its exit from the Dutch market.

The facility, which includes 212,000 m³ of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.

The transaction represents a key milestone for GES as it continues to focus its resources on expanding its presence in the fast-growing Asian market, with particular emphasis on its strategic terminal at Port Klang, Malaysia.

It also ensures that the Rotterdam terminal is passed into the hands of a high-quality follow-on owner well positioned to take the asset forward. The transaction also delivers a strong return for GES’s shareholders.

“Part of the investment cycle is realising value from assets at the right time, and we’re confident this was the right moment for GES,” commented Peter Vucins, CEO of GES.

“We are now fully focused on growing our business in Asia, with Port Klang at the centre of that strategy. We extend our sincere thanks to the Rotterdam team and our customers for their support and for maintaining a safe, reliable, and forward-looking operation throughout our ownership.”

With the sale of the Rotterdam terminal, GES no longer holds assets in the Netherlands.

 

Photo credit: Global Energy Storage Group
Published: 10 July 2025

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LNG Bunkering

Shanghai Port surpasses 2 million m³ LNG bunkering milestone with PIL vessel

Achievement was reached on 25 July when PIL’s “Kota Eagle” vessel received 4,549 m3 of LNG marine fuel from SIPG Energy’s LNG bunkering vessel at the Lvhuashan Anchorage off the coast of Shanghai.

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Shanghai Port surpasses 2 million m³ LNG bunkering milestone with PIL vessel

Shanghai Port has surpassed 2 million cubic metres (m³) of cumulative LNG bunkering volume, with Pacific International Lines’ (PIL) Kota Eagle participating in the milestone operation, the Singapore-based container operator said on Monday (3 August). 

The company said the achievement was reached on 25 July when PIL’s Kota Eagle vessel received 4,549 m3 of LNG marine fuel from SIPG Energy’s LNG bunkering vessel at the Lvhuashan Anchorage off the coast of Shanghai, China.

“As part of our commitment to decarbonisation, PIL is modernising our fleet by investing in LNG dual-fuel vessels,” it said.

“Delivered in 2024, Kota Eagle is PIL’s first LNG dual-fuel container vessel, and it also completed its maiden LNG bunkering operation at Shanghai’s Yangshan Port. To date, we have taken delivery of nine LNG dual-fuel newbuild vessels.” 

PIL added that the landmark achievement by Shanghai Port reflects its rapidly growing bunkering capabilities, which provide the critical support needed for the efficient operation of our expanding fleet of greener vessels. 

 

Photo credit: Pacific International Lines
Published: 3 August, 2026

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LNG Bunkering

Seaspan Energy hits 150 LNG bunkering milestone in 18 months

Company is now ranked seventh globally by LNG bunkering volume, according to the latest LANSDOWNE Moritz rankings.

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Seaspan Energy to offer renewable LNG bunker fuel along West Coast

Canadian low-carbon marine fuel provider Seaspan Energy on Wednesday (29 July) said it has completed its 150th ship-to-ship LNG bunkering less than two years after launching operations.

The company is now ranked seventh globally by LNG bunkering volume, according to the latest LANSDOWNE Moritz rankings. LANSDOWNE Moritz is a boutique advisory business specialising in the energy industry, with specific focus on the natural gas, LNG and maritime sectors. 

Since completing its first ship-to-ship LNG bunkering at the Port of Long Beach in December 2024, Seaspan Energy has all three of their LNG bunker vessels operating on the West Coast and is now averaging 12 LNG bunkering operations per month. 

Working closely with key stakeholders to obtain all necessary authorisations, Seaspan Energy serves cruise ships, container ships, car carriers and tankers across the ports of Vancouver, Nanaimo, Royal Roads, Long Beach, and Seattle.

More than half of Seaspan Energy’s LNG bunkering operations have taken place in the Port of Vancouver, reinforcing the port’s position as a leading gateway for LNG-powered vessels and alternative marine fuels.

Seaspan Energy delivers made-in-BC LNG sourced from FortisBC’s Tilbury LNG facility to help meet the growing global demand for lower-emission marine fuels.

Harly Penner, President, Seaspan Energy, said: “Completing 150 LNG bunkering operations in just 18 months is an incredible achievement for our team. This milestone reflects the hard work and commitment of our vessel crews and shoreside staff, who have built a reputation for delivering safe, reliable LNG bunkering. I am incredibly proud of what we have accomplished together and grateful for the trust our global customers continue to place in our team.”

Gary Regan, Managing Consultant, LANSDOWNE Moritz, said: “Seaspan Energy has become one of the world’s leading LNG bunker suppliers in a relatively short period of time. The company is now ranked seventh globally by LNG bunkering volume according to our data and is well positioned for future growth given its access to dedicated SSLNG loading facilities and competitive value proposition.”

 

Photo credit: Seaspan Energy
Published: 30 July, 2026

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Milestone

GCMD: Project CAPTURED achieves two regulatory milestones for onboard captured CO2

CO2 captured onboard during the project has been formally recognised for compliance under the EU ETS while a proposal submitted to MEPC 84, based on the project, has received IMO’s in-principle support.

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Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (21 July) said Project CAPTURED has achieved two regulatory milestones that strengthen the commercial case for onboard carbon capture and storage (OCCS).

This comes following its world’s first demonstration of an end-to-end value chain for onboard captured and liquefied CO2 (LCO2).

Completed in June 2025, the pilot showed that CO2 captured onboard a vessel can be offloaded ship-to-ship, transported overland and permanently bound through carbon mineralisation—a process that converts captured CO₂ into stable materials for industrial use.

The CO2 captured onboard during Project CAPTURED has been formally recognised for compliance under the European Union Emissions Trading System (EU ETS). This means the verified tonnage of captured CO2 can be deducted from emissions requiring the surrender of EU Allowances (EUAs).

To qualify for this recognition, the CO2 must be chemically bound permanently in eligible products. Project CAPTURED demonstrated that CO2 captured onboard vessels can meet this requirement through carbon mineralisation.

The data and learnings from the same demonstration formed the basis of a proposal submitted to MEPC 84. This proposal received in-principle support from the International Maritime Organization (IMO) for recognising carbon mineralisation as a form of permanent CO₂ storage.

Complementing geological sequestration, which is already accepted by the IMO, this recognition broadens the downstream options for CO2 captured onboard vessels, and supports the development of maritime carbon value chains. Beyond providing a permanent storage pathway, carbon mineralisation also creates the potential for captured CO2 to serve not only as a waste stream requiring permanent storage, but also as a feedstock for industrial applications through carbon mineralisation, extending emissions reductions beyond the shipping value chain.

Professor Lynn Loo, CEO, GCMD, said, “Project CAPTURED has moved OCCS beyond technical demonstration. The acceptance of the EU ETS deduction gives captured CO₂ a compliance value. At the same time, IMO’s in-principle support for carbon mineralisation will help clarify how captured CO2 can be treated after it leaves the vessel. Together, these milestones turn a pilot into a verified reference case for maritime carbon logistics, one that links regulatory recognition, commercial value and emissions impact.”

 

Photo credit: Venti Views on Unsplash
Published: 22 July, 2026

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