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LNG Bunkering

Peninsula supplies LNG bunker fuel to EPS crude oil tanker “Starway”

Peninsula’s LNG bunker vessel “Levante LNG” supplied “Starway” with approximately 3,500 cubic metres of LNG on 29 to 30 November at the Gibraltar Port’s Western Anchorage.

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Peninsula supplies LNG bunker fuel to EPS crude oil tanker “Starway”

Marine fuel supplier Peninsula on Thursday (7 December) said it has successfully completed the supply of liquefied natural gas (LNG) as a marine fuel to Singapore-based, Eastern Pacific Shipping Pte. Ltd.'s (EPS) Suezmax crude oil tanker Starway.

Peninsula’s Levante LNG, the company’s first purpose built 12,500m3 LNG bunker vessel, supplied Starway with approximately 3,500 cubic metres of LNG on 29 to 30 November at the Gibraltar Port’s Western Anchorage. 

Nacho de Miguel, Peninsula’s Head of Alternative Fuels & Sustainability, said: “EPS vessels like the Starway and her sister, the Greenway, the world’s first LNG fuelled Suezmax tanker, are paving the way for a lower carbon future. Through our investment in assets like the Levante LNG we can close the supply chain loop to give these vessels access to lower-carbon fuels in the world’s leading ports. I want to thank EPS for partnering with Peninsula to help power them towards a more sustainable future.”

Capt. Suraj Sundaresan, General Manager, Operations at EPS, said: “Peninsula bridges shipowners like us who are at the forefront of the industry’s energy transition, and Ports who are evolving to host alternative-fuel powered vessels. Our vision to lower emissions is mirrored in Peninsula’s desire to provide lower carbon options today. The availability of low-carbon fuel supply is incredibly important. As the demand for alternative fuels towards decarbonisation increases, we rely on suppliers like Peninsula to help keep our state-of-the-art alternative-fuelled ships moving.”

Photo credit: Peninsula
Published: 8 December, 2023

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LNG Bunkering

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“MT Diligence” was refuelled with 34 cubic metres of LNG bunker fuel, supplied by Pavilion Energy, marking the first LNG bunkering of TFG Marine’s bunker vessel.

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Singapore: Pavilion Energy supplies LNG to TFG Marine bunker tanker

Global marine fuel supply and procurement firm TFG Marine on Monday (20 May) announced the completion of the first liquefied natural gas (LNG) refuelling of its dual-fuel bunker tanker MT Diligence this week in Jurong Port, Singapore.

The 34 cubic metres (m3) of LNG to power the MT Diligence was supplied by the Marine division of Singapore-headquartered Pavilion Energy. 

“Deploying a vessel that can be powered by LNG as well as conventional low sulphur marine fuels helps TFG Marine to meet its licence requirement with the Maritime and Port Authority of Singapore (MPA),” TFG Marine said in a social media post.

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“Built and operated for TFG Marine by CBS Ventures Pte Ltd, the 5,000 dwt MT Diligence has been designed to our technical specifications, including stringent safety considerations and has joined our supply fleet this year in the major bunkering centre of Singapore.”

Manifold Times previously reported TFG Marine christening the first LNG dual-fuel bunker tanker to join its fleet.  

The newbuild vessel, MT Diligence, has joined the company's low sulphur fuel oil and biofuel supply operations in the major bunkering centre of Singapore.

Related: LNG dual-fuel bunker tanker “MT Diligence” joins TFG Marine fleet for Singapore ops

 

Photo credit: TFG Marine
Published: 21 May 2024

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Bunker Fuel

ENGINE on Fuel Switch Snapshot: LNG rises towards VLSFO

Singapore’s LNG bunker price soars; bio-premiums over LNG narrow substantially; VLSFO benchmarks remain stable.

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ENGINE on Fuel Switch Snapshot: LNG rises towards VLSFO

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:

20 May 2024

  • Singapore’s LNG bunker price soars
  • Bio-premiums over LNG narrow substantially
  • VLSFO benchmarks remain stable

Rotterdam's fossil LNG bunker price has edged closer to its VLSFO by $7-8/mt over the past week, now making it 54-66/mt cheaper than VLSFO.

The price gap between LNG and VLSFO has narrowed even further by $34/mt in Singapore because of the sharp rise in LNG bunker price. LNG bunker price in Singapore is now at a $30-36/mt discount to its VLSFO, depending on whether the estimated EU Allowance (EUA) costs are added to their bunker fuels costs.

Singapore’s biofuel price premiums over fossil LNG has narrowed by $41/mt to $142/mt in the past week. In Rotterdam, the bio-bunker premium over LNG has narrowed by $14/mt to $179/mt.

B24-VLSFO price premiums over pure VLSFO are $125/mt in Rotterdam and $113/mt in Singapore.

VLSFO

Rotterdam’s VLSFO benchmark inched $1/mt lower in the past week. When we add estimated EUA costs, there is only a slight decline of $1-2/mt, depending on whether we are looking at voyages between EU ports or between EU ports and non-EU ports.

VLSFO availability remains good in the wider ARA hub. Lead times of 3-5 days are currently advised for the grade in Rotterdam, down from 4-5 days seen earlier, a trader said.

Singapore’s VLSFO benchmark also remained relatively steady in the past week, with a modest $4/mt decline.

VLSFO availability has improved in Singapore, with most suppliers suggesting lead times of 4-7 days, much shorter than the previous week's 6-12 days.

Biofuels

Rotterdam’s B24-VLSFO HBE bunker price has moved $8/mt lower in the past week.

Prices for palm oil mill effluent methyl ester (POMEME) have declined by $25/mt to $1,298/mt in the past week. This has partly contributed to the bio-bunker price declines in Rotterdam. POMEME-based biofuels can qualify for advanced biofuel rebates through the Dutch HBE system.

Singapore’s B24-VLSFO UCOME bunker price has declined by $11-12/mt in the past week, depending on whether the price is adjusted with estimated EUA costs.

The prices have come down amid a $30/mt drop in UCOME FOB China prices, which is down because of weak demand from the EU.

LNG   

Rotterdam’s LNG bunker benchmark has seen a modest $6-7/mt gain in the past week, depending on whether estimated EU ETS costs are included in the cost of fuel. The gains have mirrored increases in the front-month NYMEX Dutch TTF Natural Gas benchmark.

Despite the EU's gas storage levels being full at 67%, which is higher than last year, the TTF benchmark has increased. Analysts predict that Europe will head into the next winter with full storage, potentially leading to lower prices, head of commodities strategy at ING Warren Patterson said.

Singapore’s LNG bunker price has surged by $29-30/mt in the past week. This steeper increase is partly linked to the underlying NYMEX Japan/Korea Marker contract (JKM), which has rolled from the June to the higher-priced July contract, elevating the JKM benchmark and bunker prices.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 21 May 2024

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LNG Bunkering

Singapore: EPS celebrates 200th STS LNG bunkering operation milestone

Its newly delivered EPS-managed 7,200-unit PCTC “CMA CGM Daytona” underwent its first bunkering operations in Singapore, when it received 930 cubic metres of LNG bunker fuel.

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Singapore: EPS celebrates 200th STS LNG bunkering operation milestone

Eastern Pacific Shipping (EPS) on Tuesday (14 May) announced the successful completion of its 200th ship-to-ship (STS) LNG bunkering operation across its full fleet of dual-fuel vessels.

The firm said its newly delivered EPS-managed 7,200-unit PCTC CMA CGM Daytona underwent its first bunkering operations in Singapore, marking its new milestone. 

“CMA CGM Daytona received 930 cubic metres (m3) of LNG from Pavilion Energy’s bunker vessel, LBV Brassavola,” it said in a social media post. 

To date, EPS has received 1,159,536 m3 of LNG – a significant milestone since our first bunkering operations in 2020. 

“We continue to stay committed to decarbonising the shipping industry, leading the green transformation,” it added.

In February, Manifold Times reported EPS announcing the successful completion of its 150th STS LNG bunkering operation.

Related: Singapore-based EPS achieves 150th LNG bunkering operation milestone

Photo credit: Eastern Pacific Shipping
Published: 15 May 2024

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