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Singapore: Marine fuel sales continue downturn trend, down 12.1% on year in April

3.74 million mt of various bunker grades sold at the world’s largest bunkering port in April, lower than 4.26 million mt recorded in April 2021, according to MPA data.

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MT pix 13 May 2022

Marine fuels sales at Singapore port fell 12.1% on year during April 2022, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 3.74 million metric tonnes (mt) (exact 3,742,300 mt) of various bunker grades were sold at the world’s largest bunkering port in April, lower than 4.26 million mt (4,256,500 mt) recorded during April 2021.

Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in April (against on year) were respectively 27,200 mt (-15.7% from 32,300 mt), 914,500 mt (-13.6% from 1,058,000 mt), and zero (versus zero).

Low sulphur variants of 500 cSt, 380 cSt and 180 cSt products in April (against on year) recorded respectively no sales, 1.83 million mt (-14.4% from 2.14 million), 111,600 mt (-37.9% from 179,600 mt).

Low sulphur 100 cSt recorded sales of 533,000 mt (+8.1% from 493,200 mt) and ULSFO had no sales in April.

Low Sulphur marine gas oil (LS MGO) sales were posted at 278,600 mt (-6.5% from 298,000 mt) and MGO at 7,900 mt (-76.1% from 33,000 mt).

Earlier Singapore bunker volumes in 2022 can be found below:

Related: Singapore: January bunker sales volume down 10.4% on year, show MPA data
Related: Bunker fuel sales at Singapore fell 15% on year in February 2022
Related: Singapore: Marine fuel sales continue downward trend, falls 10.2% on year in March

A complete series of articles on Singapore bunker volumes by Manifold Times in 2021 can be found below:

Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2021
Related: Singapore: Bunker fuel sales marginally down 2.6% on year in December 2021
Related: Singapore: Marine fuel sales decrease 1.0% on year in November, show MPA data
Related: Singapore: Bunker sales volume increase by 2.5% on year in October
Related: Singapore: Bunker sales volume down 6.7% on year in September
Related: Singapore: Bunker sales volume down 2.3% on year in August, show MPA data
Related: Singapore: Bunker fuel sales volume down 2.3% on year in July, show MPA data
Related: Singapore: Bunker sales volume rose 7.3% in June on year, show MPA port data
Related: Singapore: Marine fuel sales rose by 3.7% on year during May, show MPA data
Related: Singapore: Bunker fuel sales up 3.5% on year during April, show MPA data
Related: Singapore: Bunker fuel sales volume dip by 2.8% in year in March
Related: Singapore: Bunker fuel sales volume rose by 6.2% on year in February
Related: Singapore: Bunker fuel sales dip by 0.25% in January; low sulphur fuels decline in volume

 

Photo credit: Maritime and Port Authority of Singapore
Published: 13 May, 2022

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Business

VPS introduces new General Manager for Middle East and Africa

Dirk de Bruyn brings experience from Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global oil, gas and energy roles across four continents.

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Dirk de Bruyn, General Manager for Middle East and Africa, VPS

Maritime decarbonisation advisory services company VPS on Monday (11 November) announced the appointment of Dirk de Bruyn as the company’s new General Manager for Middle East and Africa.

In this role, Dirk will advance VPS’s business within the region with both new and existing key clients. He will be critical to the growth of both the traditional businesses of marine fuels testing and advisory as well as playing a key role of decarbonisation of the maritime industry.

With experience gained at Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global roles across four continents in international oil, gas and energy, Dirk brings extensive experience and knowledge in the energy transition space.

Using his extensive knowledge gained in bunker fuel and lubricants, both from a supplier and end-users’ perspective, Dirk previously led a global team focused on energy transition and decarbonisation.

“The maritime industry is changing quickly with ambitious emissions targets and decarbonisation requirements driving the introduction of new technologies and fuels into the market,” said Dr. Malcolm Cooper, CEO of VPS.

“In this dynamic landscape, we are very pleased to have Dirk on board to help VPS customers optimise their operations by understanding which new fuels to use and how to adapt to these sustainable business drivers and meet new regulations.

Dirk noted: “Whilst the industry is rightfully focussed on the path towards Net Zero, we must ensure we do not take our eye off the ball on the operational risks posed by traditional fuels.”

“Energy Transition and the path towards Net Zero is an evolving landscape. With the change in fuel types and the introduction of future fuels, it is important to provide advice and guidance to our customers whilst taking into consideration the differences in legislations.

“VPS leads the way with their technology in biofuels as well as methanol testing which is a key component to reducing our clients emissions and helping them in their journey towards Net Zero. I am excited to be part of this journey with VPS’ with an industry who is focussed on fuel transition.

“With over forty years of knowledge and experience in the marine industry, and a wide range of advanced Digital Decarbonisation platforms such as PortStats, Maress, BOND and Emsys, I have found that our team is filled with experience and determination and I look forward to adding mine into the mix.”

 

Photo credit: VPS
Published: 13 November 2024

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Business

Bunker fuel trading firm Shipergy achieves International Sustainability and Carbon Certification

ISCC certification assures Shipergy’s marine fuel offerings meet sustainability, GHG reduction, and traceability standards – aligning with upcoming FuelEU Maritime.

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Resized Shipergy logo

London-based provider of marine fuel solutions Shipergy on Monday (11 November) said it has achieved International Sustainability and Carbon Certification (ISCC).

The ISCC certification provides assurance that Shipergy’s fuel offerings meet rigorous sustainability, greenhouse gas (GHG) reduction, and traceability standards – aligning with the EU’s upcoming FuelEU Maritime regulation effective 1 January 2025.

This regulation mandates progressive reductions in GHG intensity across all energy sources used by ships within EU waters. By achieving ISCC certification, Shipergy is now positioned to help its customers meet these regulatory standards while supporting the broader decarbonisation of the maritime sector.

“Achieving ISCC certification is a testament to Shipergy’s dedication to advancing sustainable practices in the maritime industry,” said Daniel Rose, CEO of Shipergy.

“With FuelEU Maritime on the horizon, we are proud to offer our customers a reliable source of certified sustainable fuels, enabling them to navigate the changing regulatory landscape confidently and responsibly.”

Related: Marine fuel trading firm Shipergy secures USD 15 million credit facility with DNB Bank
RelatedShipergy to set up new Singapore regional hub in major recruitment drive
RelatedSignal Group launches tech enabled bunker procurement company Shipergy
RelatedShipergy reports more than 60 bunker procurement transactions since launch
RelatedShipergy to leverage OpenAI’s ChatGPT in AI-powered, bunker fuel market report

 

Photo credit: Shipergy
Published: 13 November 2024

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Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Collaboration aims to integrate Zeabuz’s hardware and proprietary software algorithms into Yinson GreenTech’s marinEV fleet of electric vessels.

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Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Yinson GreenTech and autonomous maritime technology company Zeabuz have signed a Letter of Intent to integrate autonomous and remote-control capabilities into Yinson GreenTech's fleet of marine electric vessels.

This collaboration was formalised at the Singapore Norway Innovation Conference on 6 November. It marked a significant step towards decarbonising Singapore's maritime industry by combining the power of electrification and autonomous maritime operations.

The collaboration aims to deliver more efficient marine solutions by integrating Zeabuz's hardware and proprietary software algorithms into Yinson GreenTech's marinEV fleet of electric vessels.

Critically, by combining autonomous driving technology with electric marine vessels, this collaboration will address the maritime industry's long-term manpower challenges. It will reduce the number of crew members required onboard, making maritime operations more efficient.

Additionally, it will enhance the attractiveness of maritime jobs by introducing new, knowledge-based skillsets like artificial intelligence, machine learning, and remote operations. This aligns with the Maritime and Port Authority of Singapore's (MPA) Industry Transformation Map, particularly its focus on digitalisation.

“To fulfil Yinson GreenTech's broader vision of building a net-zero world, marinEV believes in harnessing the power of sustainable innovation through strategic partnerships," said Jan-Viggo Johansen, Managing Director of marinEV.

“Our collaboration with Zeabuz marks a significant step towards accelerating the adoption of autonomous solutions, which will not only enhance the safety and efficiency of maritime operations but also significantly reduce our environmental impact on waterways.”

“By combining the power of electrification, onboard autonomy, and remote supervisory control, we are laying a strong foundation for the future of sustainable maritime operations,” said Øyvind Smogeli, CEO and Co-Founder of Zeabuz.

“We are excited to deepen our collaboration with Yinson GreenTech to build a future of sustainable, technology-driven marine transport.”

 

Photo credit: Yinson GreenTech
Published: 12 November 2024

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