Scale Gas and Peninsula on Friday (4 June) signed an agreement for the construction, joint ownership and charter of an LNG bunkering vessel that will provide services in the Strait of Gibraltar.
Delivery is scheduled for June 2023 and the 12,500m3 capacity vessel will be built in South Korea-based Hyundai Mipo Shipyard.
Peninsula will supply LNG as marine fuel to vessels at the Port of Algeciras, where the vessel will be based, and in the Strait of Gibraltar. It will be exclusively chartered to Peninsula through an initial seven-year contract, and will use Enagás’ regasification plants, predominantly in Huelva, as LNG loading points.
The project is co-financed by the European transport aid program Connecting Europe Facility (CEF). which has contributed EUR 11 million towards the vessel development through a consortium of Enagás, Scale Gas and the Algeciras Port Authority.
This agreement is part of the ‘LNGhive 2’ strategy, led by Puertos del Estado, whose objective is to support the development of the LNG market as a sustainable marine fuel, in line with the European Directive 94/2014 on alternative fuels to improve quality the air of the sea and ports.
“As one of the largest physical suppliers of marine fuels globally, this is the first step of our transition to a more sustainable future. This vessel will hopefully be the first of many that will offer flexibility and solutions across our global network to our customers,” said John A. Bassadone, owner and CEO of Peninsula.
Photo credit: Peninsula
Published: 7 June, 2021
Global Energy Trading and subsidiary of Mercuria Energy Trading bought the vessels at a Singapore auction.
The 15,000 TEU LNG-powered containership received LNG bunker fuel from the 20,000 m3 LNG bunkering vessel “Haigang Weilai” at Yangshan Port.
Total’s adjusted profit fell by 59% but it performed relatively well compared with its peer group, some of which are reeling from record losses, reports Argus Media.
Hopes for bold action to reduce the global shipping sector’s huge greenhouse gas emissions were dashed when a ‘business as usual’ draft text was approved.
Hyundai Mipo Dockyard building a 7,600 m3 LNG bunkering vessel for delivery to Bernhard Schulte Ship management in 2018.
Gloryholder will be delivering four complete LNG fuel supply systems to the Dalian Liaonan Shipyard in 2020.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
Desmond Chong, Managing Director of Kenoil Group, informs on the company’s contribution towards the methanol bunkering value chain in a project to establish Asia’s green e-methanol plant in Singapore.
