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Singapore: Golden Island Diesel Oil Trading to start methanol bunkering operations at republic by 2026

‘We have already finished the design phase for the methanol bunkering tanker which will be between 8,000 to 12,000 dwt in size,’ says Tomohiro Yamano, General Manager, Marine Fuel Department.

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Golden Island methanol bunker tanker

Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) is planning to start bonded methanol bunkering operations at the republic in 2026, learned Manifold Times on Friday (10 February).

“We have already finished the design phase for the methanol bunkering tanker which will be between 8,000 to 12,000 dwt in size,” said Tomohiro Yamano, General Manager, Marine Fuel Department.

“The next step is to select a ship yard located in either Japan or China for construction of the vessel which will be delivered by 2026.

“We are first starting with the supply of grey methanol, followed with green and/or blue methanol marine fuel at a later stage.”

Yamano-san noted Golden Island to be starting methanol bunkering operations with two partners, with the cargo being sourced from either Asia or the Middle East, but declined to provide further details.

Johnny Tan, Managing Director of Golden Island, meanwhile shared the company’s rationale for embarking onto the methanol bunkering bandwagon.

“Methanol is not a new product and has been traded in the market for many years. Hence, supplies are plentiful and available at many ports around the world,” said Mr Tan.

“It is a much more efficient material to transport, store, and handle when compared to fuel oil and other alternative marine fuels.

“Though fuel oil offers 2.0 times more calorific value than methanol, we find the price of methanol to be still competitive to fuel oil when comparing on an energy content basis – especially when market conditions are favourable.”

He explained prices for methanol had been steadily hovering between USD 300 to 400 per metric tonne (pmt) since January 2022 till date.

During the similar period, prices for low sulphur fuel oil (LSFO) had fluctuated from a high of approximately USD 1,050 pmt [in June 2022] to a low of around USD 550 pmt [in December 2022].

Mr Tan further highlighted the approaching methanol-fuelled tonnage as a key point for Golden Island to start investments in methanol bunkering operations.

“Above all, the global maritime sector is heading towards decarbonisation and we as marine energy suppliers situated at the world’s largest bunkering port need to do our part as well.”

Related: Methanol Institute: ‘Plausible’ business opportunity, lower barriers to entry for methanol bunkering first movers
Related: Methanol Institute: ‘Turning point’ for methanol as bunker fuel reached with A.P. Moller – Maersk leading change
Related: KSOE wins USD 2.05 billion order to build 12 methanol-powered VLCCs
Related: Stolt Tankers performs ship-to-ship methanol bunkering in Port of Gothenburg
Related: World-unique methanol bunkering operation carried out in the Port of Gothenburg

 

Photo credit: Golden Island Diesel Oil Trading
Published: 15 February, 2023

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Alternative Fuels

DNV paper outlines bunkering of alternative marine fuels for boxships

Third edition of its paper series focuses on LNG, methanol and ammonia as alternative bunker fuel options for containerships; explores bunkering aspects for LNG and methanol.

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DNV paper outlines bunkering of alternative marine fuels for boxships

Classification society DNV recently released the third edition of its paper series Alternative fuels for containerships, focused on LNG, methanol and ammonia as alternative bunker fuel options for containerships.

In its updated paper series, DNV examined the different alternative marine fuel options and provided an overview of the most important technical and commercial considerations for the containership sector.

It explored the bunkering technology for LNG, bunkering infrastructure for methanol, and availability and infrastructure of ammonia. 

Building on the foundation laid in the second edition, which focused on the most important aspects of methanol as a fuel, this latest third edition delves deeper  – exploring the technical intricacies and commercial considerations associated with adopting methanol as an alternative fuel for containerships.

Furthermore, it provides an overview of crucial aspects related to ammonia and discusses its potential as an alternative fuel for containerships.

Amongst others, the new edition of the paper looks at the following aspects:

  • Technical design considerations for methanol
  • Commercial implications of adopting methanol as an alternative fuel
  • Ammonia's potential as an alternative fuel
  • Availability, infrastructure and ship fuel technology for ammonia
  • Major updates based on the latest IMO GHG strategy decisions at the MEPC 80 meeting

Note: The third edition of DNV’s full paper titled Alternative Fuels for Containerships can be found here.

Related: DNV paper outlines bunkering infrastructure of alternative fuels for boxships

Photo credit: DNV
Published: 29 November, 2023

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Alternative Fuels

EDF, LR and Arup launch tool scoring ports’ potential to produce and bunker electrofuels

Tool is also applied to three different port scenarios, including ports exploring fuel production and bunkering, ports exploring fuel exports, and ports exploring fuel imports and bunkering.

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EDF, LR and Arup launch tool scoring ports’ potential to produce and bunker electrofuels

Lloyd’s Register (LR) Maritime Decarbonisation Hub and Environmental Defense Fund (EDF), in collaboration with Arup, on Tuesday (28 November) introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transition away from fossil fuels.

The tool, which is presented in a preliminary findings report – The Potential of Ports in Developing Sustainable First Movers Initiatives – scores a port’s potential to produce and bunker electrofuels while delivering local environmental and community benefits in alignment with the global temperature target of 1.5 degrees Celsius set by the Paris Agreement.

“Ports can play an important role in kickstarting shipping’s decarbonisation process even before global policies are established,” said Marie Cabbia Hubatova, Director, Global Shipping at Environmental Defense Fund.

“By considering the impact sustainable first mover initiatives can have on port-side communities, climate, environment and economies, resources can be better directed to locations where these initiatives will make the biggest difference.”

With close to two billion people living near coastal zones globally, the role of, and impacts on local port communities must be intentionally considered as the sector decarbonises globally. Ports can play a crucial role in ensuring shipping decarbonisation efforts are done in a way that has positive impacts on port communities.

The preliminary phase of the Sustainable First Movers Initiative Identification Tool analyses 108 ports in the Indo-Pacific region according to five criteria including land suitability, air quality, renewable energy surplus, economic resilience and ship traffic.

It is also applied to three different port scenarios, including ports exploring fuel production and bunkering, ports exploring fuel exports, and ports exploring fuel imports and bunkering. The combined criteria and scenario evaluation determines which ports have the greatest potential (high potential) for sustainable first mover initiatives to lead to significant emissions reductions and positive impacts in nearby communities, such as improved air quality and economic resilience.

“The transition to clean energy supply for shipping can be achieved only if stakeholders act together. Identifying potential port locations is the first step in this process,” said Dr Carlo Raucci, Consultant at Lloyd’s Register Maritime Decarbonisation Hub. “This approach sets the base for a regional sustainable transition that considers the impacts on port-side communities and the need to avoid regions in the Global South lagging behind.”

Regions in the Global South are fundamental in driving the decarbonisation of shipping. To make this transition effective, the rate at which different countries adopt and scale up electrofuels must be proportional to the difference in capital resources globally to avoid additional costs being passed on to local communities. Sustainable first mover initiatives can play an important role in making this happen by ensuring the sector’s decarbonisation is inclusive of all regions and by engaging all shipping stakeholders, including port-side communities.

“There’s a huge opportunity for early adopter shipping decarbonisation initiatives to unlock benefits for people and planet – shaping the way for a more equitable transition in the 2030s,” said Mark Button, Associate, Arup. “Our collective approach shows that taking a holistic view of shipping traffic, fuel production potential and port communities could help prioritise action at ports with the greatest near-term potential.”

The tool can be customised according to stakeholders’ needs and goals and is dependent on scenario desirability. The next phase of this work will include the selection and detailed assessment of 10 ports to help better understand local needs and maximise the value offered by sustainable first mover initiatives. 

LR and EDF carried out a joint study on ammonia as shipping fuel, and LR and Arup have collaborated on The Resilience Shift study focused on fuel demand for early adopters in green corridors, ports, and energy systems, amongst many other projects.

Photo credit: Lloyd’s Register
Published: 29 November, 2023

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Wärtsilä signs agreement for first zero-emission high speed ferries in US

Group has signed a strategic partnership agreement to provide its Fleet Electrification and Systems Integrator Services for a project to build the first zero-emission high speed ferries in the United States.

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Wärtsilä signs agreement for first zero-emission high speed ferries in US

Technology group Wärtsilä on Tuesday (28 November) said it has signed a strategic partnership agreement to provide its Fleet Electrification and Systems Integrator Services for a project to build the first zero-emission high speed ferries in the United States.

The fully electric vessels will be built for San Francisco’s Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry system.

The project, and several others Wärtsilä will work on under this partnership, are a part of the agency’s Rapid Electric Emission-Free (REEF) Ferry Program, a phased decarbonisation of high-speed, high-capacity ferry service in the San Francisco Bay. 

Wärtsilä will work within the WETA project team to finalise vessel and charging system concepts.

“We’re proud to operate the cleanest high-speed ferry fleet in the nation, but a zero-emission future for our system is within reach,” said WETA Executive Director, Seamus Murphy. 

“Wärtsilä’s expertise and experience will be incredibly valuable given the complexity our ferry decarbonisation program entails.”

“This is a major project within the maritime sector’s journey towards decarbonisation, and we are proud to be a part of it,” said Hanno Schoonman, Director of sales for AMER region, Wärtsilä Marine Power. 

“Wärtsilä joins an industry leading team tasked to develop newbuild battery electric vessels that combine innovative technology and sustainable practices. Wärtsilä is well qualified to provide this project support, and this agreement is a clear endorsement of our strong track record in systems integration and emission-free propulsion.”

After completing the conceptual phase, WETA will move on to the initial construction phase of a multi-vessel programme. This phase will involve the building of three smaller ferries with a capacity of approximately 150 passengers each and two larger ferries capable of carrying at least 300 passengers. 

Additionally, the scope of this phase will encompass the inclusion of battery charging floats. The construction of the first electric-powered vessel is slated to commence before the conclusion of 2023, with commercial operations expected to launch in 2025.

Photo credit: Wärtsilä 
Published: 29 November, 2023

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