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

Alternative Fuels

HyFive signs term sheet to offtake up to 50% of output from Gijón e-methanol plant

For maritime and aviation players facing fast‑approaching compliance milestones, Hy5 says securing access early to robust e‑fuel supply is rapidly becoming a strategic necessity.

Admin

Published

on

HyFive signs term sheet to offtake up to 50% of output from Gijón e-methanol plant

Renewable hydrogen and e-methanol producers HyFive on Tuesday (17 March) announced the signing of a comprehensive term sheet for the offtake of up to 50% of the production from its Musel GreenMet project in Gijón, at an agreed and mutually acceptable price range.

HyFive is a vertically integrated company focused on developing strategically located, industrial-scale renewable hydrogen and hydrogen derivatives—such as e-methanol—for the chemical, shipping, and aviation industries across the Iberian Peninsula and other Southern European countries.

The company said the signing marked a significant milestone for its company and for the e‑methanol sector. 

“The market is clearly moving from initial expressions of interest toward more substantial commercial commitments — admittedly at a slower pace than many anticipated, but steadily and with increasing depth,” HyFive said. 

By locating its projects in major port areas, HyFive said it can leverage synergies with established infrastructure operators, enhance cost competitiveness, and ensure efficient downstream logistics. 

These elements strengthen the economic resilience of its project pipeline and allow the company to continue advancing with confidence.

 At the same time, Hy5 said the regulatory momentum across Europe is unmistakable. 

“With RED III, FuelEU Maritime and ReFuelEU Aviation, the shift toward renewable fuels — including e‑methanol and methanol‑to‑jet SAF — is no longer a question of ‘if’, but ‘when’,” it added.

Yet one crucial point remains underestimated by many market participants: When demand becomes fully activated, alternative fuels will be structurally scarce.

  • The pipeline of credible, large‑scale projects is limited.
  • Development cycles are long, capital‑intensive, and subject to high technical scrutiny.
  • Not all projects announced today will reach final investment decision — let alone deliver molecules at scale before 2030.

As highlighted recently by several industry voices — including major shipowners and downstream users — those waiting for “perfect certainty” risk finding themselves in a market where availability, not price, becomes the defining constraint.

“For maritime and aviation players facing fast‑approaching compliance milestones, securing access early to robust e‑fuel supply is rapidly becoming a strategic necessity,” the company added. 

“The term sheet we have signed is a clear example of how forward‑looking partners are already positioning themselves.”

 

Photo credit: HyFive
Published: 19 March, 2026

Continue Reading

Biofuel

MESD study finds existing Singapore harbour craft ready for B100 bio bunker fuel adoption

Results demonstrate the qualified readiness of existing large harbour craft in Singapore for B100 adoption, provided that appropriate fuel-handling, storage and additive practices are implemented.

Admin

Published

on

By

MESD study finds existing Singapore harbour craft ready for B100 bio bunker fuel adoption

Singapore’s Maritime Energy & Sustainable Development Centre of Excellence (MESD) on Wednesday (5 August) said the findings of its latest study indicate that existing large harbour craft in Singapore are ready for the adoption of B100 biodiesel, provided appropriate fuel handling, storage and additive practices are in place.

The findings were published in MESD’s public report, Study on the Readiness of Existing Large Harbour Craft for B100 Biodiesel in Singapore.

“Overall, the results demonstrate the qualified readiness of existing large harbour craft in Singapore for B100 adoption, provided that appropriate fuel-handling, storage and additive practices are implemented,” MESD said in a social media post. 

“This represents an important step towards supporting the wider adoption of sustainable marine fuels and advancing Singapore’s maritime decarbonisation journey.”

The study evaluated fuel storage stability, engine performance, emissions and operational readiness through controlled laboratory testing and sea trials involving a tugboat and a bunker tanker.

MESD said the findings are highly encouraging, which include:

  • Stable engine performance was maintained throughout the 200-hour sea trials, with no significant power loss, abnormal fuel-consumption trends or critical operational disruptions.
  • Antioxidant additives improved oxidation stability and helped reduce the risk of fuel degradation during storage.
  • B100 achieved brake thermal efficiency comparable to diesel, while producing lower carbon monoxide and particulate matter emissions, with a modest increase in nitrogen oxide emissions.

Led by the MESD, the study was conducted in collaboration with KST Maritime Pte Ltd, V-Bunkers Tankers, Alpha biofuels, Aderco, Maritec Naias and IHI Power Systems Co Ltd.

The Maritime and Port Authority of Singapore (MPA)​ and the ​Singapore Maritime Institute (SMI)​ also contributed to the study. 

MESD added that further research on long-term engine endurance, fuel stability and material compatibility is ongoing under its FAME 1000 project, with a related public report expected to be released later this year.

Note: The report can be accessed here.

 

Photo credit: Maritime Energy & Sustainable Development Centre of Excellence
Published: 7 August, 2026

Continue Reading

Methanol

COSCO Shipping deploys methanol-ready grain carrier on South America-China routes

“Guo Liang Hai” is equipped with a smart management system, low-carbon design features and a methanol-ready fuel interface, supporting future energy transition pathways.

Admin

Published

on

By

COSCO Shipping deploys methanol-ready grain carrier on South America-China routes

COSCO Shipping on Thursday (6 August) said a methanol-ready 80,000 DWT multi-purpose grain carrier, GUO LIANG HAI, has officially been delivered and entered service.

At nearly 230 metres in length, Guo Liang Hai is equipped with a smart management system, low-carbon design features and a methanol-ready fuel interface, supporting future energy transition pathways.

“As the sixth vessel in its series, she is part of the world’s first 80,000 DWT vessel class specifically designed for grain transportation. But grain is only part of the story,” the company said in a social media post. 

The company said the vessel combines the efficiency of a bulk carrier with the flexibility of a multi-purpose ship. 

In addition to commodities such as soybeans, maize and wheat, it can also transport grain and dry bulk cargo, containers, wind power equipment, rolling stock and rail equipment, new energy vehicles and large-scale industrial machinery.

“Already deployed on routes between South America and China, vessels in this series create value in both directions, carrying agricultural imports while supporting exports of Chinese-made equipment and technology,” the company added.

 

Photo credit: COSCO Shipping
Published: 7 August, 2026

Continue Reading

LNG Bunkering

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit, dedicated to the LNG bunkering market.

Admin

Published

on

By

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Ship owner EXMAR on Thursday (6 August) announced that it has taken delivery of the 146,000 m³ LNG Carrier SIMAISMA

The vessel is secured under an initial seven-year charter contract with a “first-class counterpart”. 

“The vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit (FTU), dedicated to the LNG bunkering market,” it said in a statement. 

The FTU will receive large parcels of LNG from trading LNG carriers and specialised LNG bunkering vessels will load at the FTU before supplying it as a fuel to vessels that use this LNG as a bunker fuel.

EXMAR’s CEO, Carl-Antoine Saverys, said: “EXMAR is gladly assisting its client in further paving the way to unlock LNG as a fuel for the shipping industry. 

“The FTU is a smart solution with which our client brings down the costs of the logistics relating to the LNG bunkering. 

“With this solution, we are building upon EXMAR’s close to 50 years of LNG experience. We look forward to deploying more of these assets to unlock the full potential of LNG as a fuel for the maritime industry.”

 

Photo credit: EXMAR
Published: 7 August, 2026

Continue Reading

Trending