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PS Energy wins runner-up position in Singapore E50 awards, shares bunker expansion plans

Plans acquisition of additional bunker barges of between 150 dwt to 2,000 dwt capacity by end 2024; securing a waterfront site for construction of a sustainable fuels blending facility.

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Sean Chua receives E50 award

Singapore-based last mile fuel distribution company PS Energy Group, the parent of local inland, coastal, and marine bunkering units PS Energy Pte Ltd and CNC Petroleum Pte Ltd, on Tuesday (21 November) received the runner-up position at the Singapore Enterprise 50 (E50) awards.

“We are grateful for the recognition by the awards committee and would like to thank partners and our staff for making this possible,” Sean Chua, Managing Director of PS Energy, told Manifold Times.

“As we celebrate this milestone, we are taking stock of the valuable insights we gleaned from our journey thus far and leverage this knowledge to propel our growth initiatives.”

According to Chua, the bunkering sector is amongst core businesses of PS Energy. The firm, which is planning to become a producer of sustainable fuels in Singapore, will be undertaking a bunkering expansion plan for the coming year.

“We currently operate four bunker tankers namely Davina, CNC 5, Garene 1 and Garene 2 and are planning to acquire additional marine fuel delivery vessels of between 150 dwt to 2,000 dwt capacity by the end of 2024 to fulfil different distribution channels for our growing marine gas oil (MGO) delivery business,” he said.

“These smaller vessels will enable PS Energy to champion quicker deliveries and turnarounds for customers requiring prompt MGO supplies. We want to be the first name in this sphere.”

Sean Chua and team

Chua further shared PS Energy will be securing a waterfront site in 2024 and plans the construction of a sustainable fuels blending facility within the next three years.

“This High-Mix Low-Volume facility for biodiesel and renewable diesel will be designed to produce several small MGO parcels with customized treat rates such as B20, B30 for biodiesel, or between R30 to R50 for renewable diesel, that we can offer as bunker fuel to shipowners,” he explained.

“The facility will be able to assist in Singapore’s domestic harbour craft decarbonisation plans as by 2030 the Maritime and Port Authority of Singapore (MPA) aims to reduce absolute emissions from the local fleet by 15% from 2021 levels.”

Chua was keen to inform on PS Energy’s digitalisation efforts which believes will be key in helping expand the business footprint to the Philippines.

"To support our expansion efforts, we have successfully implemented a comprehensive digital platform that encompasses modules for sales, price checking, deliveries, inventories, CRM, customer support, and more. This integrated system has been deployed across our entire organization," he explained.

“This will also be our advantage to help expand our bunkering business, especially with the introduction of electronic bunker delivery notes (e-BDN) round the corner.”

Meanwhile, this is the second time PS Energy Group clinched the E50 Awards, marking an impressive advancement. The company ascended from forty-second place last year to an outstanding second place in 2023.

The E50 Awards, first established in 1995, recognises local, privately-held companies who have contributed to economic development in Singapore and abroad.

It is jointly organised by The Business Times and KPMG, and supported by Enterprise Singapore, Singapore Business Federation and Singapore Exchange. The E50 Awards is sponsored by OCBC Bank.

Manifold Times in early October reported PS Energy introducing a fresh brand identity and a company office move to the JTC Summit in Singapore. 

Related: Singapore: PS Energy Group unveils new brand identity and moves to a new office
Related: Interview: PS Energy Group gears up for 2023 with sustainable bunker fuel products and digital transformation
Related: Singapore: PS Energy Group acquires ISCC cert for biodiesel products
Related: MPA blueprint prepares marine fuels sector for multi-fuel bunkering transition
Related: Singapore: MPA maritime decarbonisation blueprint sets target for bunkering sector
Related: Singapore: MPA publishes guidelines for bunker suppliers in preparation of e-BDN launch

Photo credit: PS Energy Group
Published: 23 November 2023

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Poland: ORLEN to strengthen position in bunker fuels sector with new oil terminal

With the terminal’s commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports with conventional marine fuels and biofuels.

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ORLEN oil terminals

Polish multinational oil refiner ORLEN Group on Wednesday (12 June) said it is solidifying its presence in the marine fuels market with the construction of a new oil terminal that is scheduled for completion by the second half of 2025.

Construction of the Martwa Wisła terminal, located on the Martwa Wisła river, has already exceeded 70%.

The Martwa Wisła terminal will enhance the logistics capabilities of the Gdańsk refinery, allowing for the transshipment of approximately 2 million tonnes of fuel products annually.

The first four loading arms have already arrived at the construction site and the remaining four loading arms are slated for delivery by the end of June. The devices, with a throughput capacity of up to 500m³/h, will be used at transshipment points to load tankers.

With the terminal's commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports (Gdańsk, Gdynia, Sopot) with conventional fuels and biofuels.

For over 20 years, the Group has been supplying quality marine fuels to all Polish seaports. Its refinery product portfolio encompasses a wide range of fuels that guarantee quality and strict compliance with regulations, including MGO (DMA 0.1%S), ULSFO (RMD80 0.1% S) and LNG, which will in the near future be complemented with ‘green’ alternatives.

All marine fuels offered by ORLEN comply with the international ISO 8217:2017 standard and meet the requirements of the MARPOL Convention.

 

Photo credit: ORLEN Group
Published: 14 June 2024

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Australia: Crew of bunker tanker “Champion 63” to strike following employer’s refusal to negotiate

‘BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low,’ states MUA spokesman.

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Champion 63

The crew of Champion 63, a 2022-built Australia-registered bunker tanker with home port of Brisbane, is set to go on strike after bargaining for a new enterprise agreement has stalled, stated the Maritime Union of Australia (MUA) on Wednesday (12 June).

Members of the Australian Maritime Officers Union, the Australian Institute of Marine and Power Engineers, and MUA voted up protected industrial action on 11 June 2024.

The crews have been trying to formalise their employment conditions with ASP Ship Management since the bunkering operations commenced in February 2023. It took ASP approximately six months to issue the Notice of Employee Representational Rights (NERR) and start bargaining.

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“The crew of the new bunker barge on the Brisbane River and the maritime unions bent over backwards to make this vessel work,” said MUA Assistant Branch Secretary Paul Gallagher.

“Including low wages, excessive hours and a roster that does not allow crew to take leave. 18 months down the track when it comes time for BP to reward their crew and pay industry standards what do they do? They deny them fair wages, a workable roster and threaten their back pay!”

The AMOU filed a bargaining dispute after ASP refused to take their claim for a roster that does not demand that crews work every weekend seriously.

“Having to work every weekend because ASP does not have suitable relief arrangements is unacceptable,” said AMOU Industrial Officer Tracey Ellis.

“Crews have a right to be rostered time off to spend with their family. Waiting for ASP to fix the issue did not work, filing a Bargaining Dispute in the Fair Work Commission did not work, so the crews will take protected industrial action until their concerns are taken seriously.”

The crews onboard the Champion 63 voted up an unlimited number of stoppages of work of between one hour and 48 hours.

Gallagher added that, “the Maritime unions will not tolerate the big multinational fuel barons of this world undermining the Australian maritime wages and conditions of seven local mariners who are trying their best to support our own local shipping and Cruise Ship industry. If your cruise holiday gets delayed it is because, after recording over $40 billion profit in last two years, BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low.”

 

Photo credit: Maritime Union of Australia
Published: 13 June 2024

 

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Infineum releases Sustainability Report 2023 outlining its sustainability progress

Infineum celebrates 25 years of operations and looks forward to the next 25 years of progress towards its net zero ambition by 2050, says CEO.

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Press release Infineum remains focused on our purpose to become a sustainable world class specialty chemicals company

Infineum, a specialty chemicals company headquartered in the UK, on Thursday (13 June) released its fourth annual Sustainability Report, reinforcing its purpose to create a sustainable future through innovative chemistry.

Aligned with the company’s strategic plan to achieve its vision and purpose, Infineum announces:

Publication of its Sustainability Report 2023 (Sustainability.Infineum.com), which outlines the efforts and progress that the company has achieved through the year, including:

  • Championing of Diversity, Equity & Inclusion (DE&I) throughout the organisation
  • Achievement of 28% of colleagues volunteering, surpassing its 2025 target of 25%
  • Increased share of relevant supplier spends covered by sustainability assessments to 62%

Launch of revamped corporate website (www.Infineum.com) to better represent Infineum as a specialty chemicals company, showcasing Infineum’s existing capabilities, as well as diversification in the new markets

The joint venture, formed in 1999 between Shell and Exxon Mobil, celebrates its 25th anniversary this year and recently shared its restructure strategy to two business units, Sustainable Transportation and Energy Applications.

“As Infineum celebrates 25 years of operations and we look forward to the next 25 years of progress towards our net zero ambition by 2050, I am pleased to share our fourth annual sustainability report,” says Infineum CEO Aldo Govi.

“This is a journey and we have made excellent progress, but improvement will not always be linear, especially when set against the backdrop of a challenging external environment, but our purpose of creating a sustainable future through innovative chemistry, continues to drive us forward.

“We remain focused on our vision to become a sustainable world-class specialty chemicals company. Sustainability was at the core of reshaping Infineum to better enable us to contribute to sustainable mobility and the transition to a low-carbon economy.”

 

Photo credit: Infineum
Published: 13 June 2024

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