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Korea’s alternative bunker fuel supply chain to be established at Ulsan Port

Ulsan Port Authority and Hyundai Oil Terminal signed an equity investment agreement worth USD 17.6 million to establish the supply chain centred on Ulsan Port.

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Korea’s alternative bunker fuel supply chain to be established at Ulsan Port

Ulsan Port Authority (UPA) on Wednesday (7 August) announced that it signed an equity investment agreement worth USD 17.6 million with Hyundai Oil Terminal Corporation on 1 August, to establish  Korea’s alternative marine fuel supply chain centred on Ulsan Port.

The investment is a follow-up to the 'Plan to Establish an Alternative Marine Fuel Supply Chain' announced at the government's emergency economic ministerial meeting in November 2023, with UPA taking the lead to strengthen the competitiveness of Korea’s ports by expanding storage tanks dedicated to alternative marine fuels, such as green methanol.

Through this agreement, UPA will participate in the terminal business, prioritising the use of 100,000 cubic metres (m3) of the tank terminal's storage facilities. In addition, UPA will seek to establish green shipping corridors to activate the supply of alternative marine fuel to domestic and foreign energy companies and global shipping lines.

At the same time, Hyundai Oil Terminal, with UPA's contribution, is implementing a new terminal investment project worth nearly KRW 300 billion (USD 219 million). The project will see storage facilities at Ulsan's New Port expand by 380,000 m3, with the first phase being the storage of chemicals and oils, including eco-friendly fuels such as green methanol and ethanol. It is anticipated that the first phase will be in commercial operation during the first half of 2026.

Upon completion of the terminal expansion, Ulsan port’s annual cargo volume will increase to approximately 2.5 million m3 per year with environmental energy cargo volumes expected to make up 800,000 m3 per year.

UPA President Kim Jae-gyun, said: "This investment is part of UPA's efforts to create an alternative marine fuel supply chain to fulfill the government's policy. The agreement also marks the first time that UPA has acquired a direct stake in a tank terminal and its operations.

"We will be operating eco-friendly ships based at Ulsan Port, contributing to decarbonization and creating new growth engines for Korea's shipping and port industry by establishing green shipping corridors between Korea and the U.S” said Kim Jae-gyun.

This latest announcement follows June’s MoU between UPA and Hyundai Oil Terminal providing a strategic collaboration to supply alternative marine fuel in Ulsan Port.

 

Photo credit: Ulsan Port Authority
Published: 7 August, 2024 

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Methanol

CMA CGM, SIPG and Shanghai Electric Group join forces on green methanol bunkering

Companies signed a long term supply cooperation deal to develop a fully integrated green methanol value chain, which is expected to propel Shanghai into a regional green methanol bunkering hub.

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CMA CGM, SIPG and Shanghai Electric Group join forces on green methanol bunkering

French shipping giant CMA CGM on Friday (21 March) said it has signed a green methanol long term supply cooperation agreement with SIPG Energy and Shanghai Electric Group on 20 March to develop a fully integrated green methanol value chain. 

The agreement is expected to accelerate Shanghai Port's development into a regional green methanol bunkering hub, securing its first-mover advantage in the low-carbon transformation of shipping and further consolidating Shanghai's leadership in global maritime trade.

“This collaboration underscores CMA CGM's leadership in maritime decarbonisation and strengthens our partnership with major Chinese partners,” the company said. 

Under the agreement, Shanghai Electric Group will provide mid-to-long-term green methanol fuel supply for CMA CGM. In partnership with SIPG, green methanol will be transported via land-sea combined logistics from Shanghai Electric’s production base in Taonan to Shanghai Port, the world's largest container port. 

Shanghai Electric said the agreement will form a complete “production-transportation-bunkering” chain. The company further elaborated that its Taonan project is an important foundation for it in the field of hydrogen-based green fuels. 

CMA CGM, SIPG and Shanghai Electric Group join forces on green methanol bunkering

Firmly committed to the energy transition in shipping and  its use of alternative marine fuels, CMA CGM said it has set a Net Zero-Carbon target for 2050.

Last month, CMA CGM IRON, the group's first dual-fuel methanol made its maiden call in Singapore. With a container capacity of 13,000 TEUs, it is the first in a series of 12 new dual-fuel methanol vessels for CMA CGM.

“At CMA CGM, we address the challenges related to the availability of clean fuels. Our partnership strategy drives us to implement innovative and sustainable solutions to achieve our energy transition objectives,” said Farid Trad, Vice President of Bunkering & Energy Transition of CMA CGM Group. 

“Our landmark collaboration with SIPG and Shanghai Electric Group marks a new milestone and shows our commitment to Net Zero-Carbon by 2050.”

 

Photo credit: CMA CGM
Published: 21 March, 2025

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Events

China: Speaker lineup revealed for Green ShipTech Innovation Asia Summit 2025

Key issues that will be discussed at event include low-carbon ship construction and transformation, latest green technology equipment, alternative marine fuel selections and supply status.

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Green ShipTech Innovation Asia Summit 2025 to be held in Shanghai on 16 May

Shine Consultant, the organiser of Green ShipTech Innovation Asia Summit 2025, on Thursday (20 March) announced the line-up of speakers for the event to explore the new trends in the shipping industry. 

With over 300 attendees expected to attend, the Green ShipTech Innovation Asia Summit 2025 will be held in Shanghai, China, on 16 May. 

Themed Diversified Innovation for Sustainable Green Transformation, the summit will host a main forum called Green Development Strategies and Pioneer Practices Towards Zero Carbon Goals and two sub-forums, Green Shipbuilding and Retrofitting Forum and Green Shipping Ecosystem Cooperation Forum. 

It will focus on key issues such as low-carbon ship construction and transformation, the latest green technology equipment, alternative marine fuel selections and supply status and digital ship management technology. 

Speakers for the summit include:

  • Li Zhengjian, Chief Expert/Senior Engineer, the Chinese Society of Naval Architects and Marine Engineers
  • Karim Fahssis, Decarbonization China Head, Maersk
  • Lu Yanhui, Vice President, COSCO Shipping Heavy Industry Co., Ltd
  • Liu Jianfeng, Chief Technologist, Shanghai Waigaoqiao Shipbuilding Co., LTD.
  • Li Zhonggang, Vice President, China Ship Design & Research Center Com.,Ltd.(CSDC)
  • Bo Cerup-Simonsen, CEO, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
  • Keiichiro Nakanishi, Managing Executive Officer, MOL(Mitsui O.S.K. Lines, Ltd.)
  • Sun Haihua, Deputy Director of Shanghai Arbitration Commission, Deputy Chairman and Secretary-General of Shanghai International Shipping Center Development and Promotion Organization
  • Yan Wei, Vice President, Shanghai Maritime University
  • Ye Mao, Deputy President of the Design Research Institute, Wuchang Shipbuilding Industry Group Co., LTD.
  • Wee Meng Tan, Chief Projects Officer, Global Centre for Maritime Decarbonisation
  • Yuan Chao, General Manager of Equipment, CSSC (Hong Kong) Shipping Company Limited
  • Zhang Yunxing, Head of the Ballast Water Convention Research Office, Hebei Maritime Safety Administration
  • Zhang Yong, Vice President, Shanghai Academy of Development & Reform
  • Gou Yingdi, Director of Sustainable Development and General Manager of the Technology and Development (Innovation) Center, Seacon Shipping Group
  • Zhao Cuiyun, Deputy Director of the Institute for the Construction of the Shipping Center and Director of the Green Shipping Research Office, Shanghai International Shipping Institute
  • Cao Xianfeng, Deputy Chief Digital Planner, COSCO Shipping (Qidong) Offshore Co., Ltd

Conference Framework

May 16 (am) 

Plenary Session: Green Development Strategies and Pioneer Practices Towards Zero Carbon Goals

May 16 (pm)

Sub-Forum I: Green Shipbuilding and Retrofitting Forum
Sub-Forum II: Green Shipping Ecosystem Cooperation Forum

Key Topics

  • Maritime regulatory focus under policy guidance towards zero-carbon goals
  • Global green ship type product key technologies and applications
  • Analysis of paths to improve the efficiency of existing ships
  • How shipping companies can achieve sustainable green transformation
  • Innovative design methods for green ship types
  • Development and design of methanol dual-fuel ship types
  • Innovation and application of ship engines and propulsion systems
  • Technological application and outlook of wind energy as auxiliary power for ships
  • Prospects and challenges of ammonia fuel application
  • Innovation in new marine fuels and supply systems
  • Upgrading of ship battery systems to meet shipping emission reduction
  • Fluid power energy-saving technology and practice to promote the green and low-carbon development of the shipping industry
  • Green ship repair, intelligent painting and VOCs management in ship and marine engineering
  • Exploration and practice in digital transformation and intelligent upgrading of the ship repair and modification industry
  • Practice of ship energy consumption data analysis and carbon intensity management
  • SCR technology innovation for NOx reduction in ship diesel engines
  • The latest technological applications of "carbon capture" in the shipping industry
  • Ballast water management systems in line with international standards
  • Shore power systems combined with green electricity to assist shipping decarbonization
  • Supply status and choice analysis of the marine green fuel market

Host:

  • Shanghai International Shipping Center Development and Promotion Organization

Co-organisers:

  • Shanghai Maritime University 
  • Shanghai Institute of Navigation
  • Jiangsu Association of Shipbuilding Industry
  • Jiangsu Society of Naval Architects And Marine Engineers

Supporting Organisations:

  • Shanghai Port Association
  • Hubei Association of Shipbuilding Industry
  • Shanghai International Shipping institute

Interested parties may contact:

Yulia Zhang
T: (+8621) 6095 7179
M:(+86) 158 3615 6079 (Also on WeChat)
E-mail: [email protected] 

Note: More information on the summit, including registration, can be found here

 

Photo credit: Shine Consultant
Published: 21 March, 2025

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Alternative Fuels

Molgas commences bio-LNG bunkering operations in Port of Zeebrugge

First deliveries of bio-LNG started in January, with multiple operations running smoothly through its logistics network and more deliveries are expected in the coming weeks, says Molgas.

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Molgas commences bio-LNG bunkering operations in Port of Zeebrugge

Madrid-headquartered Molgas Energy Group on Thursday (20 March) said it has started the supply of bio-LNG at the Port of Zeebrugge. 

The first deliveries of bio-LNG started in January, with multiple operations running smoothly through its logistics network. 

“More deliveries are already scheduled in the coming weeks,” it said in a social media post. 

The company said the expansion marked a significant step forward in its commitment to delivering sustainable and low-carbon energy solutions across Europe. 

“The Port of Zeebrugge as a key hub for bio-LNG fuelled vessels dealing with FuelEU Maritime, enabling us to serve the marine customers efficiently,” it said. 

“Through our Multi Truck to Ship (MTTS) process, we successfully manage deliveries of 200-300 tonnes simultaneous to the vessels operation (SIMOPS), demonstrating our operational excellence and flexibility.”

 

Photo credit: Molgas Energy
Published: 21 March, 2025

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