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Singapore-Australia Green and Digital Shipping Corridor to be set up by 2025

Collaboration includes establishment of low and zero-carbon bunker fuel supply chains and greening port services and shipping ops to accelerate development of green marine fuel sources.

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Australia and Singapore have commenced discussions to explore areas of cooperation in green and digital shipping and will establish a Singapore-Australia Green and Digital Shipping Corridor by the end of 2025, according to a joint statement by Australia and Singapore authorities on Friday (2 June). 

This development aligns with the Green Shipping Cooperation initiative outlined in the Singapore-Australia Green Economy Agreement in October 2022 signed by Singapore’s Minister for Trade and Industry, Mr Gan Kim Yong, and Australia’s Minister for Trade and Tourism, Mr Don Farrell, and witnessed by the Prime Ministers from both sides.

Australia’s Department of Infrastructure, Transport, Regional Development, Communications and the Arts (DITRDCA) and the Maritime and Port Authority of Singapore (MPA), a Statutory Board under Singapore’s Ministry of Transport (MOT), are jointly leading this cooperation, tapping into the strengths of Singapore as an international maritime centre and bunkering hub and Australia as a leading exporter of green fuels, to catalyse green growth and digitalisation opportunities along the GDSC.

These authorities are working closely with port operators, relevant jurisdictions and maritime and energy value chain stakeholders on both sides to galvanise action to decarbonise and digitalise the shipping industry. 

Through coordinated efforts, DITRDCA and MPA aim initially to scope areas of mutual interest and collaboration to reduce carbon emissions in the maritime sector. 

This includes the establishment of low and zero-carbon fuel supply chains and greening port services and shipping operations to accelerate the development and uptake of green marine fuel sources.  

Collaboration would also involve the identification of digital shipping solutions to facilitate efficient port call and flow of goods, and paperless handling between the ports of Australia and Singapore, all of which will ensure interoperability across the relevant systems. 

“In view of the substantial cross-border trade between Australia and Singapore, this collaboration is a significant step towards exploring how both partners can take a global leadership role in optimising their shipping routes to test and trial green and digital solutions. This reinforces the importance of international cooperation in decarbonising shipping and the maritime industry,” DITRDCA and MPA said. 

According to MPA, Singapore and Australia plan to sign a separate Memorandum of Understanding on the Singapore-Australia Green and Digital Shipping Corridor. This collaboration reaffirms the importance of international cooperation to decarbonise and digitalise the maritime industry. We look forward to having other stakeholders across the value chain come onboard this collective effort.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 5 June, 2023

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Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world’s largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

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Platts, part of S&P Global Commodity Insights, on Tuesday (23 April) proposed to launch a new daily market-based delivered Singapore bio-bunker assessment, effective 1 August.

This proposal is on the back of growing interest for blended bio-bunkers in Singapore, the world's largest bunkering hub, amid increasing pressure on the shipping sector to decarbonise.

The new assessment would reflect marine fuel blend of biodiesel with low sulphur fuel oil. Platts would publish the Singapore bio-bunkers market-based assessment as a differential to Platts Marine Fuel 0.5% (AMFSA00), and as an outright value.

The assessment specifications would be as follows:

Platts proposes to launch Singapore bio-bunker fuels market-based assessment

Other delivery periods and volumes may be considered in the Platts Market on Close assessment process and normalised back to the above specifications.

Bio-bunkers stems must be incompliance with the EU's Renewable Energy Directive, or RED requirements, and meet sustainability requirements such as ISCC or RSB sustainability criterions.

Platts will not consider bio-bunkers that use palm oil as a bio-component.

International Organization for Standardization is revising the ISO 8217 standards to include additional requirements for blended bio-bunker. The assessment would reflect standards set in the document ISO 8217:2024 Petroleum products -- Fuels (class F) -- specifications of marine fuels, as well as standards set by Singapore's Maritime Port Authority on specifications of marine biofuels (WA 2:2022). Platts is seeking specific feedback on these standard requirements.

Platts is also seeking specific feedback on the reference density of blended bio-bunkers.

The assessment would be published on Platts Biofuels Alert (PBF2500), in the Bunkerwire Report, Bunkerwire Monthly, Biofuelscan report and Biomass-Based Diesel Report.

The new daily bio-bunkers assessment would be timestamped to 5.30 pm Singapore time and follow the Singapore publishing schedule.

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications of value. In the absence of observable spot market activity, Platts may consider other verifiable data reported. This information will be published as price heards.

At present, Platts publishes a daily cost-based B24 Singapore bio-bunkers assessment reflecting a ratio of 76% fuel oil based on Platts benchmark Marine Fuel 0.5% Bunker Dlvd Spore $/mt assessment (MFSPD00) and 24% used cooking oil methyl ester based on the Platts UCOME FOB Straits $/mt assessment (UCFCB00). This calculated price assessment will continue to be published alongside the proposed new assessment and will be renamed “Platts B24 calculated bio-bunker Singapore.”

Related: Platts launches new blended bio-bunkers assessment in Singapore

 

Photo credit: Justin Lim on Unsplash
Published: 25 April 2024

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Peninsula adds tanker “Aalborg” to supply bio bunker fuel in Port of Barcelona

Chemical tanker is capable of supplying B100, in contrast to traditional fuel barges that cannot exceed 25% bio component; also has ability to blend multiple bio feedstocks and traditional fuels on board.

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Peninsula adds tanker “Aalborg” to supply bio bunker fuel in Port of Barcelona

Marine fuel supplier Peninsula on Wednesday (24 April) announced the introduction of the Aalborg, an IMO II chemical tanker dedicated to sustainable fuel distribution in the Western Mediterranean. 

The Aalborg is capable of supplying 100% biofuels (B100), in contrast to traditional fuel barges that cannot exceed 25% bio component.  

The vessel supplies FAME (Fatty Acid Methyl Esters) produced from vegetable oils and allows for neutral emissions (depending on the origin of these vegetable oils) thereby reducing a receiving vessel’s carbon footprint. 

The Aalborg will play a pivotal role in the Port of Barcelona's ongoing commitment to promoting cleaner fuel initiatives across the region.

The vessel’s ability to blend multiple bio feedstocks and traditional fuels on board, together with a certificate detailing the bio component percentage, allows ship owners to comply with impending Fuel EU Maritime regulation using the same engine.

“The importance of having a biofuel supply vessel permitted to supply up to 100% bio component, will provide Port of Barcelona users with a solution to decarbonise their activity and to fully comply with EU regulations,” explained Lluís Salvadó, president of the Port of Barcelona.

“The Port of Barcelona, as part of its Energy Transition Plan, is committed to transition and alternative fuels such as LNG, green methanol or green ammonia, as well as biofuels, which will help to reduce the maritime sector’s carbon footprint.”

Alejandro Morales Moreno, Supply Manager at Peninsula, emphasised the collaborative efforts between Peninsula and the Port of Barcelona, highlighting a shared vision for emissions reduction.

"The addition of the Aalborg creates a meaningful, new decarbonisation solution for our customers and we’re grateful to the Port Authority for facilitating its deployment in Barcelona,” he said.

 

Photo credit: Peninsula
Published: 25 April 2024

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Argus Media: New ISO 8217 eyes wider scope for alternative bunker fuels

New edition will incorporate specification standards for a wide range of Fame-based marine biodiesel blends up to B100, 100pc HVO, as well as synthetic and renewable marine fuels.

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The 7th edition of ISO 8217, to be published in the second quarter of this year, will outline a broader integration of marine biodiesel blending, delegates heard at the International Bunker Conference (IBC) 2024 in Norway.

24 April 2024

Tim Wilson, principal specialist fuels of Lloyds Register's fuel oil bunkering analysis and advisory service (FOBAS), presented on the upcoming iteration of the ISO 8217 marine fuel specification standard, which will be released at IBC 2024. 

The new edition will incorporate specification standards for a wide range of fatty acid methyl ester (Fame)-based marine biodiesel blends up to B100, 100pc hydrotreated vegetable oil (HVO), as well as synthetic and renewable marine fuels. 

This will also include additional clauses to cover a wider scope, and briefly touch on biodiesel specifications that do not entirely align with road biodiesel EN-14214 specifications. This follows the emergence of widening price spreads for marine biodiesel blends because of specification differences and the lack of a marine-specific standard for the blends.

The new edition of ISO 8217 is also expected to remove the limit of 7pc Fame when blended with distillate marine fuels such as marine gasoil (MGO) which was in place in the previous ISO 8217:2017. 

Other changes to distillate marine biodiesel blends include changes to the minimum Cetane Index, oxidation stability alignment to be connected to either ISO 15751 for blends comprising 2pc or more of Fame biodiesel and ISO 12205 for blends comprising a Fame component of under 2pc. 

Cold-filter plugging point (CFPP) properties will be determined by the vessel's fuel storage tanks' heating capabilities and requirements will be set in place to report the CFPP for distillate marine biodiesel grades, according to the new edition of the marine fuel specification standard.

Wilson said that a minimum kinematic viscosity at 50°C will be in place for various forms of residual bunker fuel oil along with a viscosity control alerting suppliers to inform buyers of the exact viscosity in the supplied fuel. He said they have seen delivered fuel viscosity come in at much lower levels than ordered by the buyers, which was the reasoning behind the viscosity control monitoring requirement.

By Hussein Al-Khalisy

 

Photo credit and source: Argus Media
Published: 25 April 2024

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