The International Bunker Industry Association (IBIA) on Friday (4 March) issued a statement regarding developments of its newly-formed Future Fuels Working Group:
Dear fellow IBIA members,
In the last few months, IBIA’s newly-formed Future Fuels Working Group has worked hard and in unison to present its first major project, a comprehensive assessment of the main and mostly discussed -and also debated- alternative fuels, on the road to decarbonisation.
The Working Group’s members have voluntarily assigned themselves to one or more sub-groups, each of which has assumed the task of populating and replying to a detailed questionnaire, which has been compiled through a massive collaboration of all WG members. The questionnaire purports to cover as many angles as practically possible, indicatively: availability and production, regulatory framework, environmental impact, green production levels, bunker infrastructure, pricing, technological developments, operational considerations, and a vast array of further considerations.
We have considered the following fuel options and alternatives:
The volume of information and sources considered by the WG has been immense, and we have strived to present an impartial, in-depth and holistic current -and projected- picture for each of the alternatives under examination.
Upon the finalisation of our assessment of each category, we will be sharing it with all IBIA members. Naturally, and as always, IBIA and the Future Fuels Working Group in particular, shall remain available for clarifications and replies to any questions posed by our members.
We are excited that IBIA is now acquiring and expressing a voice on one of the most crucial issues of our era. This is -and shall remain for all future projects of the WG- a dynamic process, with updates being regularly shared with our members.
As IBIA represents the world bunker industry and all related shipping stakeholders, its Future Fuels Working Group shall always strive to remain abreast of energy developments and make sure that IBIA members are kept well-informed and shall participate in all relevant discussions.
Chairman of the IBIA Future Fuels Working Group
IBIA Board Member
Photo credit: International Bunker Industry Association
Published: 9 March, 2022
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.