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LNG Bunkering

Keppel O&M christens LNG dual fuel tugboat

LNG bunkering of the Keppel Smit Towage tug will be conducted by FueLNG at Jurong Port.

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Singapore shipyard Keppel Offshore & Marine, through its wholly owned subsidiary, Keppel Singmarine, Wednesday held a naming ceremony for KST Liberty – the company’s first liquefied natural gas (LNG) powered dual fuel tug.

“Today’s christening of KST Liberty marks an important milestone in Singapore’s journey to make LNG bunkering available at our port as early as 2020,” says Loh Ngai Seng, Permanent Secretary at Singapore’s Ministry of Transport.

“I congratulate Keppel O&M and Keppel Smit Towage for taking the lead, under MPA’s LNG Bunkering Pilot Programme, to build and operate Singapore’s first LNG-fuelled vessel. Such partnerships bring us closer to our goal of cleaner and more sustainable marine fuels.”

The 65-tonne bollard pull LNG dual-fuel Azimuth Stern Drive (ASD) tug was built to Keppel’s proprietary design which won the Outstanding Maritime R&D and Technology Award at the 2015 Singapore International Maritime Awards.

“We are pleased to support Keppel Smit Towage and the industry’s push towards adopting LNG as marine fuel with this upcoming delivery of South East Asia and Singapore’s first LNG-powered tug,” notes Abu Bakar, Managing Director (Gas & Specialised vessels) of Keppel O&M.

“Our award-winning dual-fuel tug design offers more economical operations with efficient fuel consumption; a simplified bunkering process; optimised deck space that increases the safety and comfort of the crew; and ease of operations.”

According to Keppel, smart designs were incorporated to enhance the tug’s safety and comfort.

The LNG fuel is carried in containerised, type-C ISO-certified tanks on the main deck, and re-fuelling can be done by truck to ship operations or replacing the empty tanks with replenished ones. It is equipped with an innovative and patented LNG vaporiser which is compact and cost-effective.

“This is a state-of-the-art tug, with environmentally-friendly features that exceed the requirements of the International Maritime Organisation’s (IMO) global cap of 0.5% on the sulphur content of marine fuel that comes into force on 1st January, 2020,” adds Romi Kaushal, Managing Director of Keppel Smit Towage.

“It will have substantially reduced CO2 emissions relative to traditional tugs and be a much welcomed green initiative. KST Liberty will also increase our capabilities as the fitted LNG tanks will allow for extended harbour operations without the need for re-fuelling, enhancing operational efficiency.

“It is also more compact, compared to tugs of the same bollard pull, providing enhanced manoeuvrability. We have built a strong partnership with Keppel over the years who have demonstrated their ability to design and deliver quality vessels that meet our needs.”

Shell will be supplying LNG fuel to KST Liberty while FueLNG, a joint venture between Keppel O&M and Shell Eastern Petroleum (Pte) Ltd., will be providing the LNG bunkering services.

LNG bunkering of the tug will be conducted at Jurong Port which is able to support LNG bunkering operations.

Photo credit: Keppel Corporation
Published: 26 April, 2018

 

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LNG Bunkering

Gasum and Equinor ink continuation of long-term LNG bunkering agreement

Agreement builds on the success of the previous contract Gasum has had with Equinor; Gasum’s bunker vessels “Coralius”, “Kairos” and “Coral Energy” will be used for the bunkering operations.

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Gasum and Equinor ink continuation of long-term LNG bunkering agreement

Nordic liquefied natural gas (LNG) bunker supplier Gasum on Tuesday (28 May) said it signed a long-term contract with Norway-based global energy company Equinor whereby Gasum continues to supply LNG to Equinor’s dual-fuel chartered fleet of vessels. 

The agreement builds on the success of the previous contract Gasum has had with Equinor. Gasum’s bunker vessels Coralius, Kairos and Coral Energy will be used for the bunkering operations.

The agreement also includes additional support services such as cooling down and gassing up, which has also been a part of Gasum’s previous collaboration with Equinor. 

Gasum has organised three separate LNG cool down operations for Equinor in Skagen so far this year.

Both Gasum and Equinor have committed to sustainability goals to enable a cleaner energy future. Equinor’s ambition is to become a net-zero emissions energy company by 2050.

Using LNG in maritime transport means complete removal of sulfur oxides (SOx) and particles, and reduction of nitrogen oxides (NOx) emissions of up to 85 percent as well as a reduction in CO2 emissions by at least 20%. LNG is interchangeable with liquefied biogas (LBG/bio-LNG), which reduces carbon dioxide emissions by 90% compared to conventional fuel such as marine gasoil (MGO).

With LNG and bio-LNG the maritime industry can reduce emissions already today, instead of waiting for future solutions. Gasum’s strategic goal is to bring yearly seven terawatt hours (7 TWh) of renewable gas to market by 2027. Achieving this goal would mean combined carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers.

Related: Equinor Energy AS extends LNG bunkering agreement with Gasum
Related: Gasum expands LNG bunkering business to ARA region through partnership with Equinor

 

Photo credit: Gasum
Published: 29 May 2024

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Bunker Fuel

ENGINE on Fuel Switch Snapshot: LNG costlier than VLSFO

Singapore’s VLSFO price is cheaper than LNG; LNG approaches parity with VLSFO in Rotterdam; price gap between biofuel and LNG shrinks.

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ENGINE on Fuel Switch Snapshot: LNG costlier than VLSFO

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:

27 May 2024

  • Singapore’s VLSFO price is cheaper than LNG
  • LNG approaches parity with VLSFO in Rotterdam
  • Price gap between biofuel and LNG shrinks

LNG bunker benchmarks in Rotterdam and Singapore continue to rise sharply.

With estimated EU Allowance (EUA) costs included in bunker fuel costs, Singapore's LNG bunker price has surged $34-37/mt in the past week after a $29-30/mt jump the week prior.

After adjusting the price for calorific contents to become VLSFO-equivalent, Singapore's LNG price has flipped to a premium of $29-36/mt over its VLSFO in the past week, from a $30-36 discount noted a week prior.

Rotterdam's fossil LNG bunker price has closed even further on VLSFO by $33-34/mt over the past week, making it only $20-33/mt cheaper than VLSFO now.

Biofuel price premium in Singapore over fossil LNG has dropped by another $61-62/mt to $75-81/mt in the past week. In Rotterdam, the bio-bunker premium over LNG has narrowed by $11/mt to $156-168/mt.

VLSFO

Rotterdam's VLSFO price has mostly followed Brent's downward movement over the past week. Rotterdam’s VLSFO benchmark has declined by $11-18/mt in the past week, depending on whether the estimated EUA costs are included.

Availability of VLSFO is normal in Rotterdam, with lead times of 3-5 days recommended to ensure full coverage from suppliers, a trader said.

Singapore’s VLSFO benchmark has also tracked Brent’s movement, falling $32/mt over the past week.

Lead times for VLSFO in Singapore have exhibited significant fluctuations recently. Most suppliers now recommend lead times of up to 10 days for this grade, while some can accommodate stems within five days.

Biofuels

Rotterdam’s B24-VLSFO HBE bunker price has inched $5/mt higher in the past week. When we add estimated EUA costs, the price has gained $8-10/mt, depending on whether we are looking at voyages between EU ports or between EU ports and non-EU ports.

A huge gain in the price of palm oil mill effluent methyl ester (POMEME) feedstock – qualified for Dutch HBE rebates – has pushed the price higher. PRIMA-assessed POMEME price in the ARA has jumped by $70/mt to $1,368/mt in the past week.

In contrast, Singapore’s B24-VLSFO UCOME bunker price has slumped by $25-28/mt, depending on whether the price is adjusted with estimated EUA costs.

The price has declined amid a $10/mt drop in UCOME FOB China, according to PRIMA Markets. Chinese biodiesel exports to the EU are being investigated by the European Commission for "unfairly traded biodiesel". The ongoing investigation has dented Chinese biodiesel inflows into European countries.

LNG  

Rotterdam and Singapore’s LNG bunker prices have seen significant upticks in the past week.

Rotterdam’s LNG bunker benchmark has climbed $16-22/mt higher, depending on whether estimated EU ETS costs are included in the cost of fuel. This increase has been driven by the underlying front-month NYMEX Dutch TTF Natural Gas benchmark, which has seen an uptick due to heavy maintenance activities at Norwegian gas facilities.

Singapore’s LNG bunker benchmark has risen by a staggering $34-37/mt in the past week. The movement is influenced by the upward trend in the underlying Japan/Korea Marker (JKM) gas benchmark and prevailing trends in the Asian LNG market.

Analysts at ANZ Bank noted that “the rally in global gas prices continued amid ongoing buying from importers.” Importers such as Japan and South Korea are restocking gas inventories ahead of the Northern Hemisphere summer, further driving demand.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 28 May 2024

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LNG Bunkering

JAX LNG and Seaside LNG complete SIMOPS LNG bunkering op in Savannah, Georgia

“CMA CGM SYMI”, a 15,000-TEU container ship, received 4,600 cubic metres of LNG bunker fuel from North America’s largest LNG articulated ATB “Clean Canaveral” during simultaneous operations.

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JAX LNG and Seaside LNG complete SIMOPS LNG bunkering op in Savannah, Georgia

Pivotal LNG on Tuesday (21 May) said JAX LNG and Seaside LNG conducted the inaugural liquefied natural gas (LNG) bunkering in the Port of Savannah of CMA CGM SYMI during the ship’s call at the Garden City Terminal last month. 

The CMA CGM SYMI is a 15,000-TEU container ship and received approximately 4,600 cubic metres of LNG from North America’s largest LNG articulated tug and barge (ATB), Clean Canaveral, during simultaneous operations (SIMOPS).

Roger Williams, Manager of JAX LNG and Vice President of Commercial LNG and Gas Development at BHE GT&S, the parent company of Pivotal LNG, said: “We appreciate the opportunity to work alongside CMA CGM staff in Marseille, Norfolk and Savannah in preparation for this unique bunker event that marked CMA CGM’s first LNG SIMOPS bunkering of a 15,000-TEU ship in the United States.”

The bunkering also marked Seaside LNG’s first bunkering of a dual-fuel container ship with membrane-type LNG tank technology, highlighting the efficient design of Seaside LNG’s 5,500-cubic-metre series LNG ATB. 

Tim Casey, CEO of Seaside LNG, said: “The ATB design and skillful operator, McAllister LNG Services, has proven very resourceful to bunker container ships, car carriers, cruise ships and petroleum tankers with different cargo tank technologies.”

This inaugural bunkering marked multiple collaborative milestones and continues to demonstrate the viability of LNG as a marine fuel in the U.S. 

 

Photo credit: Georgia Ports Authority
Published: 23 May 2024

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