Marine fuels supplier Peninsula on Wednesday (5 August) said it has signed a Memorandum of Understanding (MOU) with European independent liquid energy and chemicals storage company Evos to jointly progress the development of dedicated biofuel storage infrastructure at Evos’ terminal in the Port of Algeciras.

The proposed Evos expansion includes plans to develop up to 60,000 cubic metres of storage capacity, fully allocated to Peninsula to support the expansion of its biofuels supply chain in the region.

Located at the Strait of Gibraltar—one of the world’s busiest maritime corridors—the Evos Algeciras expansion project is intended to strengthen infrastructure for the energy transition in shipping. It will provide dedicated storage and handling capacity for low-carbon marine fuels, underpinning Peninsula’s quality proposition through control of its own supply chain.

John A. Bassadone, founder and CEO of Peninsula, said: “We are seeing an acceleration of biofuel adoption as a result of price volatility of conventional fuels and regulatory measures such as FuelEU and EU ETS. These regulations are designed to ratchet up, and biofuels are the most versatile, available option today to meet decarbonisation targets. 

“By partnering with Evos to build storage infrastructure, it allows us to control the quality of product and to blend biofuel ratios according to market demand. It will also offer our customers full flexibility and optionality when lifting bio products from us and further demonstrates Peninsula’s active commitment to the decarbonisation of marine fuels.”

Under the MOU, the parties will continue technical and commercial discussions on a long-term storage and handling agreement, subject to Evos’ final investment decision.

Evos will lead project development at its Algeciras terminal, including engineering, permitting and construction, while Peninsula will integrate the capacity into its growing global biofuels supply network.

Daan Vos, CEO at Evos, said: “Algeciras is already an important bunker and trading hub, with direct relevance to global shipping activity and inter-Mediterranean trade flows. Evos has a well-established position in the port as a bunker fuel storage terminal, and the expansion project with a strategic partner such as Peninsula builds on that position. 

“By developing infrastructure for marine biofuels, we can respond to changing demand in the bunker market and strengthen Algeciras’ role in the transition to lower-carbon shipping.”

The agreement reflects a shared ambition to support the evolution of the marine energy sector by investing in scalable, future-facing infrastructure in key global hubs.

Photo credit: Peninsula
Published: 6 August, 2026

State-owned Shipping Corporation of India (SCI) recently launched an international tender for the construction of up to six LNG dual-fuel container vessels as part of its fleet renewal programme.

The tender covers two firm orders with options for four additional vessels. Each ship will have a capacity of approximately 8,000 TEU and be capable of operating on LNG as well as conventional marine fuels.

Both Indian and foreign shipyards are eligible to bid, subject to SCI’s technical and financial requirements. 

Foreign yards must have delivered at least two container vessels exceeding 5,000 TEU that have entered service within the past 10 years. Indian shipyards without prior containership construction experience must partner with a reputed foreign yard that has previously built LNG dual-fuel vessels, capable of running on LNG and Conventional fuel which are in service.

According to the tender documents, SCI will evaluate bids based on factors including delivery and payment schedule of the vessel, bunker fuel consumption, service speed and cargo-carrying capacity.

Bids for the tender must be submitted by 31 August at 1700 hours IST and a virtual pre-bid meeting will be held on 18 August at 1500 hours. 

Photo credit: Naveed Ahmed on Unsplash
Published: 6 August, 2026

The Hong Kong and China Gas Company (Towngas) on Tuesday (4 August) has called for the Hong Kong government to boost the city’s green methanol bunkering capabilities as part of its first Five-Year Plan covering 2026 to 2030.

The company submitted its recommendations during the government’s public consultation on the plan, proposing measures to support low-carbon shipping in Hong Kong.

Among its key recommendations, Towngas proposes making full use of Hong Kong’s advantages as an international hub by improving port facilities for green methanol bunkering.

The company also urged the government to accelerate the commercialisation of green methanol and take the lead in developing an internationally aligned certification system for green fuels. 

Beyond green methanol, it also proposes establishing a new mechanism for trading green commodities, as well as expanding innovative financial instruments such as green infrastructure REITs, thereby consolidating Hong Kong’s position as a green finance and trading centre.

The recommendations form part of a broader package covering green energy transition, innovation and technology, and green finance, aimed at aligning Hong Kong’s development with China’s 15th Five-Year Plan while supporting the city’s long-term economic and environmental objectives.

Photo credit: Hong Kong and China Gas Company
Published: 5 August, 2026