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SIBCON 2024: Bunkering conglomerates point out need of ‘level playing field’ on shipping’s multi-fuel future

‘We’ve got to have some kind of level playing field, where everybody’s policed the same way, charged the same way. Otherwise, it’s going to be a problem,’ states CEO of KPI OceanConnect.

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Anders KPI OC

Representatives of bunkering conglomerates KPI OceanConnect and TFG Marine on Wednesday (9 October) highlighted a need for the entire marine fuels supply chain to work together to tackle stricter maritime environment policies surrounding IMO 2030, FuelEU Maritime and more.

They were responding to a comment posed by the moderator of the International Trade and Fuel Market Trends panel discussion session during the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON 2024).

The moderator explained of the International Maritime Organization (IMO) having to “knit together” the different approaches taken by each country for decarbonising their own individual shipping sector.

“At the conglomerate that I represent, we have both shipping and physical bunker supply operations as well. I think one of the most important things is a clear message around the regulations and how these are policed,” said Anders Grønborg, Chief Executive Officer, KPI OceanConnect.

Grønborg pointed out IMO 2020 enforcement procedures were unsimilar at different ports around the world; the inconsistency provides a forecast on how IMO 2030 could be administered around the world.

“If we create different markets for different shipowners, for different ships, for different regions, we’re going to have a problem in having a level playing field,” he added.

“We’ve got to have some kind of level playing field, where everybody’s policed the same way, charged the same way. Otherwise, it’s going to be a problem. It’s going to be an imbalanced market.”

Kenneth TFG Marine

Kenneth Dam, Global Head of Bunkering, TFG Marine believed there won’t be a level playing field if current conditions persist.

“The future depends on our collaboration,” stated Dam.

“Each port is likely to adopt its own strategy for attracting bunker demand and investments, and collaboration is key. We need to work closely together to find solutions.

TFG Marine was established as a joint venture between Trafigura, Frontline and Golden Ocean to ensure a reliable supply of high-quality bunker fuel at key locations. More collaborations like this are needed by suppliers, traders and buyers.

Dam also highlighted that “We’re moving towards a multi-fuel bunker market which introduces new complexity.” 

“We anticipate a division in the bunker industry into different market tiers – tier one, two and three, both on the procurement and supply sides.

“The FuelEU Maritime regulations set to take effect on January 1, 2025 will create a super interesting environment. In two years’ time at SIBCON 2026 we’ll be witnessing a vastly different bunker market.”

 

Photo credit: Manifold Times
Published: 16 October 2024

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LNG Bunkering

Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Bunker tanker “FueLNG Bellina” successfully delivered LNG bunker fuel to “BYD Shenzhen”, the world’s largest LNG-fuelled car carrier at Singapore anchorage during its maiden voyage.

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Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Singapore’s licensed LNG bunker supplier FueLNG on Thursday (15 May) announced the successful completion of its 400th LNG ship-to-ship (STS) bunkering operation in the republic.

FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum Pte Ltd, marked the milestone with bunker tanker FueLNG Bellina successfully refuelling BYD Shenzhen, the world’s largest LNG-fuelled car carrier, at Singapore anchorage during its maiden voyage.

“With a capacity of 9,200 vehicles and equipped with dual-fuel LNG propulsion, the BYD SHENZHEN represents the next generation of low-emission maritime transport,” it said in a social media post. 

Shell said it supported BYD Shenzhen on its maiden voyage as the supplier of the LNG bunker fuel. 

“Like all LNG dual fuel vessels, BYD Shenzhen is on the pathway to net zero emissions. She can take bio-LNG, and in the future e-LNG, in her fuel mix for further emission reduction and regulatory compliance,” it said in a separate social media post. 

 

Photo credit: Shell
Published: 16 May, 2025

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Biofuel

Hong Kong: CPN hits new record for China’s largest B24 biofuel bunkering operation

Chimbusco Pan Nation delivered 6,300 mt of B24-VLSFO in Hong Kong to boxship “XIN LOS ANGELES” on 15 May, exceeding its previous record of 5,500 mt delivered in February 2025.

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Hong Kong: CPN hits new record for China's largest B24 biofuel bunkering operation

Hong Kong-based bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (16 May) said it has set a record for China’s largest B24 marine biofuel bunkering operation.

CPN said it delivered 6,300 metric tonnes (mt) of B24-VLSFO in Hong Kong to container ship XIN LOS ANGELES on 15 May. 

The supply exceeded CPN’s previous record of 5,500 mt delivered to the same ship in February 2025.

“This collaboration reinforces CPN’s ability to execute large-scale marine biofuel bunkering with precision and reliability,” the company said in a social media post.

“By consistently supplying large volumes of B24 marine biofuel, CPN supports reduced carbon emissions and sustainable shipping practices globally.”

Related: CPN achieves largest B24 bio bunker fuel delivery in Hong Kong and China

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 16 May, 2025

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Bunker Fuel

Tigonic launches physical bunker fuel supply operations by barge at Khorfakkan

Move enhances Tigonic’s regional supply capabilities with barge-based delivery of VLSFO and MGO along the vital East Coast of UAE; company also supplies bunker fuel at port of Sharjah by trucks.

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Tigonic launches physical bunker fuel supply operations by barge at Khorfakkan

Dubai-based energy trading and bunker supply firm Tigonic on Thursday (15 May) said it has launched its physical bunker supply operations at Khorfakkan, UAE by barge and has completed its first successful deliveries of bunker fuel in the past few days.

The company said the move enhances Tigonic’s regional supply capabilities with barge-based delivery of Very Low Sulfur Fuel Oil (VLSFO) and Marine Gas Oil (MGO) along the vital East Coast of the UAE.

 Tigonic also supplies bunker fuel at the port of Sharjah in UAE by trucks and may expand into other ports in the region in the foreseeable future.

Tigonic’s operational expansion into physical supply with its dedicated bunker barge enables the company to deliver marine fuels directly at anchorage. 

“This launch marks a significant milestone in our service evolution,” said the team at Tigonic.

“With physical supply now live at Khorfakkan, we are elevating our ability to provide fast, flexible, and reliable marine fuel solutions to the global fleet.”

This expansion follows Tigonic’s recent achievement—the successful lifting of multiple cargoes of High-Sulfur Fuel Oil (HSFO) from the SASREF refinery in Jubail, Saudi Arabia, and fuel oil of Bahrain origin for their customers in the Singapore Straits.

 

Photo credit: Tigonic
Published: 16 May, 2025

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