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Malaysia: Strait’s unit Victoria STS completes first-ever STS LNG transfer in Labuan

‘We have successfully completed the STS operation on 13 October without any reported injuries to
personnel or impact on the environment,’ says Benjamin Bernard Bijion, CEO.

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Straits Energy Resources Berhad (Straits), a Bursa Malaysia Listed Company, on Friday (14 October) said its unit Victoria STS (Labuan) Sdn Bhd (Victoria STS) has successfully completed the first ship-to-ship (STS) transfer of liquefied natural gas (LNG) at the Labuan Port Limit of Labuan on 13 October 

This event marks the first LNG STS transfer to take place in Labuan.

Victoria STS (Labuan) Sdn Bhd Chief Executive Officer Benjamin Bernard Bijion, said: “We have successfully completed the STS operation on 13 October without any reported injuries to personnel or impact on the environment.”

“Various scenarios were considered, and this was achieved through the collective and collaborative efforts of all parties involved in the operation, with the cooperation and support ofVictoria’s customers.”

Present during the STS operation was Labuan Corporation Chief Executive Officer Hj Rithuan Ismail, Labuan Fire and Rescue Department Director Ismaidi Ismail, Labuan Customs officials and Labuan Chamber of Commerce Vice-Chairman Mr. SK Tan, among others.

Labuan Corporation Chief Executive Officer Hj Rithuan Ismail, said: “Witnessing the first STS transfer in Labuan waters, O&G is not a new activity in Labuan but there is a need to diversify the O&G activities. We, from the Labuan Corporation, fully support the STS operation as we believe it will have a spillover effect on the economy of Labuan.”

“The last two to three years have been a struggle. So we see this as a catalyst in flourishing the local economy such as crew hiring, service sector, boat/ship/vessel leasing, supply of raw material, and purchase of small equipment and needed supplies from the island.”

Victoria STS specialises in offshore handling of liquefied gas and bulk petroleum cargoes. The company received its first licence to conduct STS operations of oil and liquefied gas products within the Victoria Port Limit in July last year.

Victoria Bay is strategically located along international shipping and energy trade routes. Straits’ vision is to develop Labuan as one of the largest transhipment hubs in Asia. The STS hub is also strategically located within the vicinity of Labuan Liberty Port which is managed and operated by Megah Port Management Sdn Bhd (“MPM”), a 51% owned subsidiary of Straits.

Related: Victoria STS completes its first-ever STS crude oil transfer off Labuan
Related: Straits Energy Resources and Fendercare Marine to promote Labuan STS services
Related: Straits Inter Logistics undergoes name change to Straits Energy Resources
Related: Tumpuan Megah Development to collaborate with Petronas for bunker deliveries
Related: Straits Inter Logistics receives government approval to develop STS hub
Related: Straits Inter Logistics subsidiary to become STS operator at Victoria Bay, Labuan
Related: Malaysia: Straits Inter Logistics gears up for USD 3.6 million STS hub project
Related: Malaysia: Straits Inter Logistics posts 26% rise on year in profit for Q1 2021

 

Photo credit: Straits Energy Resources Berhad
Published: 17 October, 2022

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Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.

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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China. 

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post. 

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service. 

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

 

Photo credit: Ocean Network Express
Published: 3 July, 2026

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Alternative Fuels

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Following delivery of the ship in China, it will now enter the final preparation phase ahead of its next operational steps, strengthening Fratelli Cosulich’s ability to provide reliable bunkering solutions.

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“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said. 

Related: Fratelli Cosulich launches second methanol-ready bunker tanker in China

 

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

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DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

In total, 137 alternative-fuelled vessels were ordered in the first half of 2026 compared to 155 in the same period in 2025.

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DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform showed a total of 15 new orders for alternative-fuelled vessels were placed in June 2026.

This consisted of 10 orders for LNG-fuelled vessels, nine of which were car carriers and one a CO2 carrier. The remaining five orders were for LPG/ethane carriers.

Two LNG-bunker vessels were also ordered in June, bringing the total in this segment to seven so far in 2026.

In total, 137 alternative-fuelled vessels were ordered in the first half of 2026, down 11.6% from 155 in the same period in 2025. 

Over half of these (73) were for LNG-fuelled vessels, with most coming from the container (42) and car carrier (21) segments. LPG/ethane carriers were also prominent, with 55 new orders, a significant uptick compared to the first half of 2025 (15). The remaining orders were for vessels fuelled by methanol (2), ethanol (2), ammonia (4), and hydrogen (1).

Deliveries in the first half of the year point to continued uptake of alternative-fuelled tonnage across several segments, with 61 LNG-fuelled vessels and 38 methanol-fuelled vessels delivered so far in 2026.

More recently, Exmar took delivery of what it described as the first oceangoing dual-fuel ammonia vessel, marking a step beyond earlier ammonia-fuelled deliveries, which have largely been associated with pilot or demonstration projects rather than commercial deployment.

DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “What we can take away from the first half of 2026, in terms of the alternative-fuels orderbook, is that we have a market progressing at different speeds depending on segment economics, fuel availability, and the regulatory landscape. Shipowners and other stakeholders are pursuing different pathways based on their individual priorities and requirements.

“LNG remains the leading near-term fuel option, with order activity continuing to be led by containers and car carriers. LPG and ethane carriers have also accounted for a significant share of activity in the first half of the year, while developments in areas such as ammonia and ethanol show that multiple pathways continue to be explored.”

 

Photo credit: DNV
Published: 3 July, 2026

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