South Korea’s Ministry of Oceans and Fisheries and Korea Ocean Business Corporation recently held a launch ceremony in Seoul for a KRW 1 trillion (USD 696 million) infrastructure fund that will be used to support the development of storage facilities for green marine fuels and bunkering vessels. 

Out of the KRW 1 trillion, KRW 600 billion will be invested to build port storage facilities capable of supplying LNG, methanol, and ammonia, and the remaining KRW 400 billion will be invested in constructing four new LNG and ammonia bunkering vessels by 2030. 

The move is expected to meet growing demand for green bunker fuels for domestic vessels and ensure reliable fuel supplies for foreign ships calling at domestic ports.

The ministry also announced that the Ulsan Hyundai Liquid Cargo Terminal Expansion Project was selected as the new fund’s first project to support the demand for methanol bunker fuel for domestic and foreign vessels. The total cost of the project is KRW 240 billion, of which KRW 130 billion will be provided by the infrastructure fund. 

In addition, the government plans to strengthen LNG supply capabilities through the Yeosu Myodo LNG Hub Terminal Project scheduled as the second project to be supported by the fund. 

Minister of Oceans and Fisheries Kang Do-hyung, said: “Through the infrastructure fund, the government will flexibly expand the eco-friendly ship fuel supply infrastructure in line with future demand so that our ports can continue to secure a competitive edge as a global hub port.”

Photo credit: Ministry of Oceans and Fisheries of South Korea
Published: 22 January, 2025

Independent global energy and commodity market intelligence provider Argus Media recently published an eBook as part of a prelude leading towards the Argus Green Marine Fuels Asia Conference on 18 to 19 February in Singapore.

The Pre-conference content: Argus marine fuels Asia eBook features exclusive industry interviews with Microsoft, JERA, IBIA, Anglo American, Sumitomo Corporation, Hafnia, BHP, Global Maritime Forum, DS NORDEN, ADNOC Group, and Standard Chartered Bank.

It offers a peek into their thoughts on infrastructure readiness, the marine fuels shipowners are gravitating towards, LNG decarbonisation pathways, collaboration across the marine fuels value chain, and more.

The eBook is available for download through the image below:

The Argus Green Marine Fuels Asia Conference will be held at PARKROYAL COLLECTION Marina Bay, 6 Raffles Boulevard, Singapore 039594 on 18 to 19 February in Singapore.

Key speakers for the event include Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore (MPA); Torben Nørgaard, Chief Technology Officer - Energy & Fuels, Maersk Mc-Kinney Moller Center; Jerid Soo, Assistant General Manager (Global Sustainability and ESG), Pacific International Lines; Kazuki Yamaguchi, General Manager and Head, Maritime Energy Solution, Energy Transformation Business Group, Sumitomo Corporation; and Mahua Chakravarty, Editor, Marine Fuels (Asia), Argus.

Related: Argus Media organises Green Marine Fuels Asia Conference in Singapore

Photo credit: Argus Media
Published: 17 January, 2024

Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, the world’s largest producer of ammonia, today announced the completion of the first co-loaded ammonia and propane shipment operation of its kind.

This shipment follows Trafigura’s first ship-to-ship transfer of ammonia in July 2024 for CF Industries, ‘demonstrating the safe and efficient transfer of the feasibility of ammonia bunkering in the future’ as demand grows for the hydrogen-based low carbon fuels that will enable the shipping industry to decarbonise. 

In early January, the Green Power Medium Gas Carrier (MGC) completed a single voyage from the US to Europe loaded with ammonia from CF Industries and with liquefied petroleum gas (LPG or propane) in separate tanks.

The co-loaded vessel project was intended in part as a demonstration of capabilities needed for the efficient and economic transport of low-carbon ammonia to supply ports that may not require a full vessel of ammonia. 

The ability to co-load low-carbon ammonia with LPG is one pathway to supporting the scale up in availability of low emission fuels. Low-carbon ammonia continues to be a leading alternative fuel candidate for applications such as coal co-firing as well as supporting the marine shipping industry transition from heavy fuel oil to alternatives with a lower-carbon intensity.

“We transport LPG and ammonia from the US to Europe on similar ships on a regular basis,” said Patricio Norris, Global Head of Ammonia and LPG for Trafigura. 

“We can improve the economics for our customers and reduce emissions with fewer voyages by safely co-loading Ammonia and LPG in the same vessel.”

“We appreciate the partnership we have with Trafigura as we take steps together to help prepare for demand growth of low-carbon ammonia and the expected transition of the marine shipping industry to low-carbon ammonia as a fuel,” said Bert Frost, Executive Vice President, Sales, Market Development and Supply Chain, CF Industries. 

“Ammonia is safely transported around the world by vessels daily, and this voyage reinforces the flexibility we have to serve emerging low-carbon ammonia demand as we innovate shipping methods with industry-leaders such as Trafigura.”

Ammonia was loaded onto the Green Power from CF Industries’ Donaldsonville, Louisiana, manufacturing complex and LPG was loaded into separate tanks of the vessel in Corpus Christi, Texas. Following a review of applicable regulations, permission from the US Coast Guard, a detailed risk assessment and planning with the ports, shipowner and operator Purus and STS company International Fender Providers (IFP), the loadings proceeded

Strict segregation requirements ensured that any crossover of liquid, condensate or vapour was prevented. After crossing the Atlantic Ocean, the LPG was discharged via a ship-to-ship (STS) operation in the Mediterranean for use in domestic heating and the ammonia was discharged at Tees Port for CF Fertilisers UK.

CF Industries is currently progressing a carbon capture and sequestration (CCS) project at its Donaldsonville facility that will enable it to produce substantial volumes of low-carbon ammonia. The CCS project is expected to start-up in 2025.

Photo credit: Trafigura
Published: 17 January, 2025