CLPe Holdings (CLPe), CLP Group’s wholly-owned subsidiary, recently signed a Cooperation Framework Agreement with China National Offshore Oil Company Guangdong Water Transport Clean Energy Company Limited (CNOOC) on the formation of a joint venture to provide liquefied natural gas (LNG) fuel bunkering services in the port of Hong Kong.

Under the agreement between CLPe and CNOOC, the planned joint venture will sell and supply LNG as bunker fuel to ships in the port of Hong Kong, supporting the development of the LNG fuel bunkering sector in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and further consolidating Hong Kong’s position as a leading international maritime centre.

Separately, CLPe signed an agreement to extend its partnership with TELD New Energy Company Limited (TELD) on electric vehicle (EV) charging and other innovative energy services in the GBA.

“The two agreements will bring together the industry-leading expertise and experience of CLP and our partners to enable the transportation sector’s low-carbon development in the GBA, aligning with the Action Plan on Green Maritime Fuel Bunkering recently issued by the Hong Kong Government, which promotes the city’s growth as a high-quality green maritime fuel bunkering centre to steer the shipping industry’s smart and green transformation,” said CLP Holdings Limited Chief Executive Officer and Executive Director T.K. Chiang. 

Hong Kong-listed CLP Holdings Limited is the holding company for the CLP Group, which has a diversified portfolio of generating assets that uses a wide range of fuels including coal, gas, nuclear and renewable sources

“The superior capabilities of CNOOC and TELD will help CLP expand our energy infrastructure and solutions business in the GBA, and deliver the best technologies and services to LNG fuel bunkering and EV charging customers.”

Related: Hong Kong unveils action plan to become green maritime bunkering centre

Photo credit: CLP Group
Published: 4 December, 2024

A.P. Moller - Maersk (Maersk) has signed agreements with three shipyards in China and South Korea for a total of 20 container vessels equipped with dual-fuel engines. 

Combined, the vessels have a capacity of 300,000 TEU. With these orders, Maersk concluded the intended owned newbuilding orders announced in its August 2024 update of the fleet renewal plan.

“We are pleased to have signed agreements for 20 vessels and thereby completed the acquisition of 300,000 TEU capacity as announced in August,” said Anda Cristescu, Head of Chartering & Newbuilding at Maersk.

“These orders are a part of our ongoing fleet renewal program and in line with our commitment to decarbonisation, as all the vessels will have dual-fuel engines with the intent to operate them on lower emissions fuel.”

All 20 ships will be equipped with liquified gas dual-fuel propulsion systems and vary in size from 9,000 to 17,000 TEU.

“Due to their different sizes, the vessels will be able to fill many roles and functions within our future network and give us a lot of deployment flexibility when they are ready to enter our fleet. Once phased in, they will replace existing capacity in our fleet,” Cristescu added. 

The first vessels will be delivered in 2028, and the last delivery will take place in 2030.

The August fleet update further announced the intention to charter a range of methanol and liquified gas dual-fuel vessels totalling 500,000 TEU capacity. Maersk has now finalised these charter contracts across several tonnage providers. When phased in, the charter vessels will replace existing capacity.

Facts about Maersk’s newbuilding orders of 20 vessels:

• 20 dual-fuel vessels ordered with a total capacity of 300,000 TEU
• 2x 9,000 TEU vessels ordered at Yangzijiang Shipbuilding, China
• 12x 15,000 TEU vessels (6 at Hanwha Ocean, South Korea and 6 at New Times Shipbuilding, China)
• 6x 17,000 TEU at vessels at Yangzijiang Shipbuilding, China
• The vessels will be equipped with liquified gas dual-fuel propulsion systems

Photo credit: A.P. Moller - Maersk
Published: 4 December, 2024

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