Independent global energy and commodity market intelligence provider Argus Media is organising the Argus Green Marine Fuels Asia Conference on 18 to 19 February in Singapore.

The event will be held at the PARKROYAL COLLECTION Marina Bay, 6 Raffles Boulevard, Singapore 039594.

With Argus’ expertise in the biofuels, methanol, ammonia, hydrogen and LNG sectors – the conference will bring together key players from across these value chains to meet with port authorities, shipowners, charterers, technology, finance, regulators, storage and terminals.

Over 40 experts and key industry stakeholders will be offering diverse insights into the competitive and progressively complex global marine fuels market in this key region.

Key speakers for the event include Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore (MPA); Torben Nørgaard, Chief Technology Officer - Energy & Fuels, Maersk Mc-Kinney Moller Center; Jerid Soo, Assistant General Manager (Global Sustainability and ESG), Pacific International Lines; Kazuki Yamaguchi, General Manager and Head, Maritime Energy Solution, Energy Transformation Business Group, Sumitomo Corporation; and Mahua Chakravarty, Editor, Marine Fuels (Asia), Argus.

The conference’s agenda will include as Argus’ global analysis on alternative bunker fuels, LNG benefits in the net zero pathway, global clean fuel policy, incentives and regulation, perspectives by shipowners and charterers on new fuels investments and the growing demand of biofuels in the region.

The event will offer plenty of opportunities for networking including extended coffee and lunch breaks, networking drinks reception and using the networking platform and app to schedule meetings with attendees in advance.

Note: More information on the Argus Green Marine Fuels Asia Conference can be found here including an early bird rate if registrations are completed by 10 January. 

Photo credit: Argus Media
Published: 3 December, 2024

Latest figures from classification society DNV’s Alternative Fuels Insight (AFI) platform saw that a total of 27 new orders for alternative fuelled vessels were placed in November 2024.

LNG continues to be the main driver, accounting for 23 vessels, with most of these (15) coming from the container segment. A strong month also for the car carrier segment, with six new LNG-fuelled vessels added to the orderbook.

Four new orders for ammonia-fuelled vessels were also registered.

Although this was a slightly slower month for new orders for alternative-fuelled vessels, it follows a record-breaking month in October, and a strong surge in activity since the summer months. 

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “Although these results show a slowdown of new orders for alternative-fuelled vessels in November, this follows the strongest month ever in October, and the overall trend remains strong.

“LNG remains the headline story with exceptional activity since the summer months. This is clearly being driven by the container segment, where the vast majority of new orders in 2024 have been for alternative-fuelled vessels.”

Related: DNV: October marks strongest month ever for alternative-fuelled newbuild orders

Photo credit: DNV
Published: 3 December, 2024

Mitsui OSK Lines, Ltd. (MOL) on Tuesday (26 November) announced it signed a comprehensive memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to deepen cooperation in the fields of decarbonisation, digitalisation, and human resources development including alternative bunker fuels. 

MOL and MPA have been cooperating in various initiatives to decarbonise the maritime industry, the new agreement will further promote these initiatives in a wide range of fields.

Specifically, the scope of the MoU covers the following: 

• Collaboration in the field of decarbonisation in the maritime industry in general.

Mutual collaboration to establish a supply system for next-generation alternative bunker fuels such as methanol, ammonia, and hydrogen. The collaboration will also include study on the use of wind technology.

• Digitalisation and maritime innovation.

Improving voyage management and efficiency of transport operations through digitalisation, including development of cybersecurity, collaboration on autonomous vessel trials, and nurturing marine innovation ecosystem that emphasises collaboration with local startups.

• Joint development of maritime human resources.

Grow and enhance manpower capabilities, including grooming seafarers and shore-based workforce.

MOL will continue its group-wide concerted effort, in close cooperation with MPA and other major maritime sectors, to achieve sustainable GHG net-zero emissions and contribute to the realisation of a decarbonised society.

MPA Chief Executive Teo Eng Dih, said: “This MoU reaffirms MPA and MOL’s longstanding collaboration. As a maritime hub port, supported by our innovation and research ecosystem, MPA is working closely with industry and tripartite partners to support digitalisation, cybersecurity, decarbonisation and manpower capabilities. We look forward to MOL’s expansion of activities, tapping on both our experience and expertise, to develop scalable solutions for the SingaporeJapan Green and Digital Shipping Corridor and the wider maritime community.”

MOL President & CEO Takeshi Hashimoto, said: “We have been focusing on the fields of decarbonisation, digitalisation, and human resources development, which we have decided to deepen cooperation with MPA this time.

MPA is committed to working hard to create a sustainable maritime industry in Singapore, the hub of the maritime industry. We pay our respect to MPA for its enthusiasm and energy. The fields of bilateral cooperation are also a challenge for the maritime industry as a whole, and I hope we can increase the feasibility by working together as like-minded people.

We are confident that the establishment of this comprehensive cooperative relationship will contribute to the maritime industry in general.”

MOL’s recent cooperation with MPA includes joining a MPA-led Green & Digital Shipping Corridors (GDSC) and joining MPA’s initiative in the Maritime Energy Training Facility (METF) to promote training for seafarers involved in next-generation fuel such as ammonia, which reduces carbon emissions.

Photo credit: Mitsui OSK Lines
Published: 27 November, 2024