Connect with us

Biofuel

Malaysia: Straits Energy Resources completes milestone biofuel bunkering op in Johor

Firm believed this was the first delivery of International Sustainability and Carbon Certification (ISCC EU) certified marine biofuel by a Malaysian supplier.

Admin

Published

on

Malaysia: Straits Energy Resources completes milestone biofuel bunkering op in Johor

Bursa Malaysia-listed Straits Energy Resources Berhad (SER) on Tuesday (30 April) announced that its subsidiary, Tumpuan Megah Development Sdn Bhd (Tumpuan Megah), successfully completed a milestone biofuel bunkering operation in Malaysia. 

The firm believed this was the first delivery of International Sustainability and Carbon Certification (ISCC EU) certified marine biofuel by a Malaysian supplier.

Tumpuan Megah supplied approximately 4,500 metric tonnes (mt) of ISCC EU-certified B24 marine biofuel to a containership operated by one of the world’s top three largest integrated logistics companies. 

The bunkering operation took place on 25 April at the Port of Tanjung Pelepas in the state of Johor. 

Malaysia: Straits Energy Resources completes milestone biofuel bunkering op in Johor

Dato’ Sri Ron Ho Kam Choy, Managing Director of Straits Energy Resources Berhad, said: "We are excited to announce that Tumpuan Megah has successfully supplied ISCC EU certified marine biofuel to a containership at the Port of Tanjung Pelepas.”

“We believe this was the first delivery of certified sustainable marine biofuel by a Malaysian supplier, underscoring our commitment to support the industry's transition to alternative fuels and reduce its impact on the environment.”

“Sustainable marine biofuels have the potential to substantially reduce carbon emissions and lower the overall carbon footprint of maritime operations. But shipping industry players must also be able to prove that the bio-content in their fuels is sustainable.”

“ISCC EU certification provides the shipping industry with much-needed assurance when it comes to the sustainability of their feedstock, traceability throughout the supply chain, as well as credible, verified emission reductions.”

“As Malaysia's first ISCC EU-certified supplier and trader of maritime biofuels, and one of the nation's leading suppliers of quality bunker fuels, we are positioned to play a key role in fueling the industry's sustainable growth. As demand for marine biofuels accelerates, we expect this business to be a key contributor to our future earnings growth.”

Tumpuan Megah is mainly involved in ship-to-ship bunkering services as well as barging operations. In January 2024, Straits announced that Tumpuan Megah had become the first Malaysian industry player to achieve ISCC EU certification as a supplier and trader of biofuels, spearheading the industry's efforts to lower shipping’s carbon footprint. The move also set the stage for Straits' foray into the rapidly growing marine biofuel trading and bunkering industry.

With ISCC EU certification, maritime industry players can demonstrate compliance with the sustainability and GHG emission-saving criteria of the European Union (EU). This includes the EU Renewable Energy Directive (RED II), which has set strict guidelines for which biofuels can be considered sustainable. ISCC certification is recognised in key energy markets, including the European Union, the United Kingdom, Japan and Singapore.

 

Photo credit: Straits Energy Resources Berhad
Published: 30 April 2024

Continue Reading

Biofuel

NYK conducts first Japan bio bunker fuel trial on coal carrier for domestic power utility firm

Firm said it has started a biofuel test run on Noshiro Maru, operated by Tohoku Electric Power, marking the first time in Japan that a coal carrier has been used to test biofuel for a domestic power utility firm.

Admin

Published

on

By

NYK conducts first Japan bio bunker fuel trial on coal carrier for domestic power utility firm

Japanese shipping firm NYK on Monday (10 February) said it has started a biofuel test run on its coal carrier Noshiro Maru, which is operated by Tohoku Electric Power on 9 February.

This is the first time in Japan that a coal carrier has been used to test biofuel for a domestic power utility company. Mitsubishi Corporation Energy in the Keihin area facilitated the supply of biofuel for the vessel.

Biofuels are made from organic resources (biomass) of biological origin, such as agricultural residues and waste cooking oil, and are considered to produce virtually zero carbon dioxide (CO₂) emissions when combusted.

“Since they can be used in heavy-oil-powered ship engines, which are common on large merchant ships, biofuels are considered a key means of reducing greenhouse gas (GHG) emissions in the transition period from heavy oil to zero-emission fuels,” NYK said. 

“Using biofuel to reduce GHG emissions during sea navigation also contributes to reducing Scope 3 GHG emissions generated by transporting customers’ cargo.”

NYK added it will continue to focus on introducing biofuels and other next-generation fuels, and will contribute to reducing GHG emissions in our customers' supply chains while promoting decarbonisation in marine transport.

 

Photo credit: NYK
Published: 11 February, 2025

Continue Reading

Biofuel

IBIA welcomes IMO move to draft guidance change on carriage of bio bunker fuels

IBIA welcomed agreement by IMO’s Sub Committee on PPR 12 to draft Interim Guidance on the carriage of blends of biofuels and MARPOL Annex I cargoes by conventional bunker ships.

Admin

Published

on

By

RESIZED IBIA logo

The International Bunker Industry Association (IBIA) on Monday (10 February) said it submitted a document to IMO on the carriage of biofuels for supply to a ship for use as fuel oil on board that ship in November 2023.

This highlighted that as conventional bunker vessels were limited in carrying fuel oil of no more than 25% biofuel it presented a potential impediment to the global adoption of biofuels as fuel oil for ships and so to the ambition for the decarbonization of international shipping in the short term, as set out in the 2023 IMO GHG Strategy.

“IBIA therefore welcomes the agreement by IMO’s Sub Committee on Pollution Prevention and Response (PPR 12) to draft Interim Guidance on the carriage of blends of biofuels and MARPOL Annex I cargoes by conventional bunker ships,” it said on its website. 

The guidance allows conventional bunker ships certified for carriage of oil fuels under MARPOL Annex I to transport blends of not more than 30% by volume of biofuel, as long as all residues or tank washings are discharged ashore, unless the oil discharge monitoring equipment (ODME) is approved for the biofuel blend(s) being shipped. 

“The Interim Guidance is expected to be approved by IMO’s Marine Environment Protection Committee (MEPC 83) in April,” IBIA added. 

“IBIA’s membership represents stakeholders from across the global marine fuel value chain, and being able to draw on this technically strong and credible resource will, in its role of having consultative status to the IMO, mean that IBIA will continue to bring important matters to the attention of the wider IMO membership for due consideration.”

 

Photo credit: International Bunker Industry Association
Published: 11 February, 2025

Continue Reading

Alternative Fuels

ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

VLSFO availability improves in Singapore; B100 cheaper than HSFO with EU regulations; LNG becomes costliest fuel option in Rotterdam.

Admin

Published

on

By

ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

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:

  • VLSFO availability improves in Singapore
  • B100 cheaper than HSFO with EU regs
  • LNG becomes costliest fuel option in Rotterdam

B100 (100% biofuel) is now $32/mt cheaper than HSFO in Rotterdam when factoring in EU ETS compliance costs and FuelEU pooling benefits for voyages between two EU ports.

EU regulations make liquid biomethane (LBM) $121/mt cheaper in Rotterdam than HSFO, but only if used in a diesel slow-speed (SS) marine engine with the lowest methane slip of 0.2%.

If the fuel is used in an Otto medium-speed engine with a 3.1% methane slip, LBM is actually $14/mt more expensive than HSFO, even with regulatory benefits.

ENGINE on Fuel Switch Snapshot: Liquid fuel prices drop

Regardless of the engine type, Rotterdam's VLSFO-equivalent liquefied natural gas (LNG) benchmark is now more expensive than all conventional fuels.

Even when accounting for the EU ETS and FuelEU penalties and considering that the fuel is used in a diesel SS engine, the theoretical price of LNG remains $66/mt higher than VLSFO and only $1/mt cheaper than LSMGO.

Liquid fuels

Rotterdam's VLSFO-equivalent B100 price has declined by $66/mt, while Singapore’s price has dropped by $10/mt over the past week.

PRIMA Markets assessed the Dutch HBE rebate for B100 in Rotterdam at $369/mt on Friday, marking a $12/mt increase from the previous week.

Rotterdam’s VLSFO price has remained relatively stable, with only a modest $4/mt decline—smaller than the $7/mt drop seen in the front-month ICE Brent futures contract.

Singapore has seen a larger $16/mt drop, partly due to improved VLSFO availability. Recommended lead times for the grade have shortened from 7–11 days last week, to 4–8 days now.

Liquid gases

Rotterdam’s LNG price has climbed for a third week in a row, this time by $26/mt over the past week. This increase is linked to a 3% rise in the front-month Dutch TTF Natural Gas contract, a key European gas benchmark.

The Dutch TTF benchmark has risen due to increased demand due to colder weather and increased draws from underground gas reserves in Europe.

Singapore’s VLSFO-equivalent LNG price has also climbed by $12/mt in the past week. “The rise can be attributed to updated forecasts of colder weather in Japan and higher gas prices in Europe,” Rystad Energy said.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 11 February, 2025

Continue Reading
Advertisement
  • RE 05 Lighthouse GIF
  • v4Helmsman Gif Banner 01
  • EMF banner 400x330 slogan
  • Aderco advert 400x330 1
  • Zhoushan Bunker
  • Sea Trader & Sea Splendor
  • SBF2
  • Consort advertisement v2

OUR INDUSTRY PARTNERS

  • HL 2022 adv v1
  • SEAOIL 3+5 GIF
  • E MARINE LOGO
  • Triton Bunkering advertisement v2
  • Singfar advertisement final


  • Auramarine 01
  • Uni Fuels oct 2024 ad
  • Trillion Energy
  • Cathay Marine Fuel Oil Trading logo
  • Energe Logo
  • PSP Marine logo
  • endress
  • Mokara Final
  • Synergy Asia Bunkering logo MT
  • CNC Logo Rev Manifold Times
  • LabTechnic
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement

Trending