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Singapore: OSEA set to take place between 19 to 21 November 2024

Event will bring together more than 500 exhibitors and around 18,000 visitors from 70+ countries.

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OSEA is set to take place between 19 to 21 November 2024 at Marina Bay Sands Singapore, leading discussions in the offshore industry on decarbonisation, future of offshore platforms and new energies.

The event will bring together more than 500 exhibitors and around 18,000 visitors from 70+ countries. With a focus on showcasing the latest technologies and sparking insightful discussions, OSEA 2024 offers a platform for industry players to connect, explore, and create new business opportunities in the rapidly evolving offshore energy landscape.

Attendees including government and offshore industry experts will be welcomed by Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, at the Opening Ceremony on 19 November 2024.

This year’s exhibition floor is a hub for the offshore energy sector, combining oil, gas, and renewable energy exhibitors. Attendees will experience the latest innovations first-hand across 500+ exhibits, engage with cutting-edge products, and explore business possibilities with industry leaders, government officials, and academic experts. OSEA 2024 is designed for meaningful knowledge-sharing, with over 70 speakers addressing critical industry themes.

The event’s agenda will address pivotal questions for the sector’s future, such as Asia’s advancements in carbon capture, utilisation, and storage (CCUS) technology, the role of automation in decarbonisation, and what steps the region must take to build a scalable green hydrogen industry. Fixtures will also tackle policy, supply chain, and development challenges faced by the regional offshore wind industry, as industry leaders, government representatives, and academics explore solutions to these pressing issues. Moreover, speakers will explore how the offshore oil & gas industry is delivering on decarbonisation, and how technological advancements help it to go further.

OSEA 2024 also centres on connecting offshore industry professionals through exclusive networking events, including the Executive Networking sessions, the ABS Breakfast Forum, and the OSEA Academy. The Country Hotspot programme will further enhance opportunities for attendees to forge international partnerships and build industry networks, while specific pavilions – TechX, ClimateTech Zone, New-to-Show zone, Institute Higher Learning and Talent & Development Zones – provide insights into emerging technologies and market-specific developments from across the region.

“OSEA has long been committed to fostering collaboration and innovation across the offshore energy sector,” said Prof. Chan Eng Soon, Chairman of OSEA Advisory Committee. "This year’s event focuses on crucial discussions about the future of energy and sustainability, while also offering unparalleled networking and business development opportunities for attendees from around the world.”

Commenting on the opportunities for attendees, Mr. Sukumar Verma, Managing Director, Informa Markets Singapore said, “OSEA 2024 provides a unique forum for attendees to evaluate a wide range of competitive products, source innovative solutions across the energy value chain, and discuss industry challenges with peers from around the globe. For three days, OSEA 2024 will be the central meeting place for the offshore energy industry in Asia and further afield, bringing insights, innovation, and collaborative opportunities to support the industry’s journey towards a more sustainable energy future.”

For more information on OSEA 2024, please visit www.osea-asia.com.

 

Photo credit: Informa Markets
Published: 11 November 2024

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Methanol

China: CHIMBUSCO Jiangsu completes methanol bunkering operation in Taizhou

Firm successfully delivered 79.5 metric tonnes of methanol bunker fuel to container ship “NCL VESTLAND” using a mobile methanol bunkering skid at Taizhou Sanfu Marine Engineering.

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China: CHIMBUSCO Jiangsu completes methanol bunkering operation in Taizhou

CHIMBUSCO Jiangsu on Tuesday (3 December) said it successfully refuelled the new methanol dual-fuel powered 1,300TEU container ship NCL VESTLAND at Taizhou Sanfu Marine Engineering.

The total amount of methanol bunker fuel delivered to the boxship was 79.5 metric tonnes.

CHIMBUSCO Jiangsu said the implementation of bunkering operation marked a major breakthrough for the company in the application of alternative fuels for ships, marking its ability to supply methanol marine fuel to ships on a regular basis.

A mobile methanol bunkering skid jointly developed by CHIMBUSCO Jiangsu and COSCO (Lianyungang) Liquid Loading & Unloading Equipment was used for the bunkering operation, which was successfully completed in 2.5 hours. 

In a separate statement, COSCO Shipping said the bunkering operation represented CHIMBUSCO Jiangsu’s first marine methanol fuel supply onshore.

The mobile methanol filling skid operates using the pump as its power source to facilitate simultaneous unloading and refuelling tasks. 

This skid includes several key functional modules, each of which is highly integrated. This integration ensures a safe and efficient process for transferring methanol fuel from tankers to a vessel’s fuel bunker, while also enabling seamless operation and intelligent management. 

The mobile methanol filling skid offers flexibility, requires low initial investment, and boasts a rapid bunkering rate of 180 cubic metres (m3) per hour. 

It stands as an optimal solution for methanol bunkering in the era before widespread adoption of methanol bunkering vessels. Additionally, it can provide bunkering support for shipyards to test new vessels and meet the bunkering requirements of the shipyard,” it added. 

 

Photo credit: CHIMBUSCO Jiangsu
Published: 6 December, 2024

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Technology

Singapore: MPA and MISC to integrate digital technologies into marine operations

MoU between the two parties include exchanging data and technology trials between MISC and MPA for tankers through the Just-in-time Planning and Coordination platform under digitalPort@SGTM.

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Singapore: MPA and MISC to integrate digital technologies into marine operations

The Maritime and Port Authority of Singapore (MPA) on Thursday (5 December) said it has signed a memorandum of understanding (MoU) with MISC to strengthen collaboration in innovation, research and development (R&D) and test-bedding activities, to advance digital transformation in the maritime industry. 

The MoU was signed by Mr David Foo, Assistant Chief Executive (Operations and Operations Technology), MPA, and Mr Mohd Denny Mohd Isa, Vice President, MISC Marine, and witnessed by Mr Teo Eng Dih, Chief Executive, MPA, and Mr Zahid Osman, President and Group Chief Executive Officer, MISC Berhad.

As part of the three-year arrangement, both parties will focus on integrating sustainable digital technologies into marine operations, enhancing processes through data-sharing initiatives and cybersecurity innovations. 

These include exchanging data and technology trials between MISC and MPA for tankers through the Just-in-time Planning and Coordination platform under digitalPort@SGTM, data sharing and cloud services to support the use of e-clearances and e-certificates in the Port of Singapore and onboard Singapore-registered ships and conducting cyber solution trials with the Maritime Cyber Assurance and Operations Centre.

They will also collaborate with Singapore’s vibrant research ecosystem to explore the use of artificial intelligence, digital twins, and semi-autonomous vessel operations to improve shipping efficiency and safety. 

Additionally, the partnership will prioritise talent development, identify emerging skillsets for onshore ship management, upskill seafarers to operate alternative-fuelled vessels, and ensure a future-ready workforce for the maritime industry through training under the Maritime Energy Training Facility. 

Mr Teo Eng Dih, Chief Executive of MPA, said: “MISC, with its expertise in ship management and sustainable shipping practices, is a good partner for MPA to develop solutions to help digitalise and optimise shipping operations. We look forward to deepening our partnership with MISC Marine to transform the work for seafarers and professionals for more resilient and efficient shipping services.”

Mr Zahid Osman, President and Group Chief Executive Officer of MISC Berhad, said: “MISC is proud to partner with the Maritime and Port Authority of Singapore to accelerate the maritime industry’s transition towards a sustainable future. This MoU underscores our shared commitment to harnessing digital innovation, enhancing ship management efficiency, and preparing the workforce for advancements in alternative fuels and cutting-edge technologies.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 6 December, 2024

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LNG Bunkering

SEA-LNG: Invest more in LNG bunker vessels, supply and liquefaction infrastructure

LNG bunker market, while growing substantially, is lagging and concerns persist regarding the ability to supply the rapidly growing fleet of LNG-fuelled vessels.

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SEA-LNG: Invest more in LNG bunker vessels, supply and liquefaction infrastructure

Industry coalition SEA-LNG on Thursday (5 December) said that while the approximately 2,200 LNG-fuelled vessels and LNG carriers represent only ‘two minutes into the hour’ of the global fleet of approximately 60,000 deep sea vessels, it remains an adolescent fuel that is maturing significantly faster than other alternative bunker fuels. 

However, it said the LNG pathway still needs more investment, especially in landside facilities for liquefaction near ports, bio and synthetic methane production and bunkering capacity worldwide.

This year has witnessed unprecedented investment in the maturing and scaling of LNG from ship owners.  LNG is starting to dominate as the preferred future fuel pathway. 

However, the bunker market, while growing substantially, is lagging and concerns persist regarding the ability to supply the rapidly growing fleet of LNG-fuelled vessels.

Peter Keller, Chairman, SEA-LNG, said: “With high profile owners now choosing the LNG pathway, we anticipate this trend will continue and accelerate through 2025 and beyond.”

“As the various alternative fuel pathways mature, there is a growing realisation that, despite previous aspirations, some alternative fuel pathways – like the LNG pathway – are more practical and realistic than others.”

“While investment in newbuild LNG-fuelled ships is robust, we need to see the same for bunker vessels, supply and liquefaction infrastructure. As the LNG pathway continues to mature and the use of liquefied biomethane and eventually e-methane increases, the delivery of the fuel to vessels must be assured and the investment gap closed.”

Keller added: “There are approximately 60,000 deep sea ships on the water and, today, we’re looking at around 600 LNG capable ships afloat with a further 600 on order. There are another 1,000 LNG cargo carriers and bunker vessels of varying sizes.”

“While that’s a small percentage of the global fleet, as the clock ticks towards shipping’s emissions reduction targets, the LNG pathway is maturing far faster than other alternative fuels.”

According to DNV there are currently 54 methanol vessels and 2 ammonia vessels on the water.

There are aspects of LNG usage that are fully mature – safety for one. LNG is easy to transport, poses minimal, if any, risk to marine environments, has a low flammability range and is non-toxic. Effective regulations, standards and guidelines for safe operations are widespread, and LNG has been shipped around the world for almost 60 years without any major incidents at sea or in ports.

Keller continued: “When compared to traditional fuels, LNG is more of a teenager with all the growing pains, challenges and victories associated with adolescence.”

“But it is maturing all the time as the market continues to grow, new build orders continue to rise, and the LNG pathway with biomethane and eventually e-methane produced from renewable hydrogen, gains acceptance globally.”

“Shipping stakeholders are investing in LNG because it provides a low risk, incremental pathway for decarbonisation, starting now.  The other alternative fuels are basically toddlers by comparison.  And when it comes to safety, some are mere newborns!”

Another critical need in the maturing process during a period of increased regulation of carbon emissions is the adoption of standardised chain of custody models on a worldwide basis. 

Chain of custody models are becoming increasingly important to maritime decarbonisation as they provide mechanisms to verify that the fuels used are low carbon. 

Such verification creates investor confidence in new fuel supply chains and accelerates the transition to low-carbon fuels, enabling early adoption in conditions of limited supply. 

“They will create a market for green fuels by connecting buyers to fuel producers away from bunker ports enabling faster scaling and providing flexibility to shipping companies at lower cost,” SEA-LNG added.

 

Photo credit: SEA-LNG
Published: 6 December, 2024

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