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LNG Bunkering

TotalEnergies Marine Fuels completes LNG bunkering ops of Angelicoussis VLCC duo

Firm said it recently completed its first LNG bunkering operations for two new, dual-fuel VLCCs owned by the Angelicoussis Group following bilateral short-term supply deals struck on the spot market.

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TotalEnergies Marine Fuels on Wednesday (4 October) said it has recently completed its first liquefied natural gas (LNG) bunkering operations for two new, dual-fuelled vessels owned by the Angelicoussis Group following bilateral short-term supply deals struck on the spot market.

On 23 August 2023, TotalEnergies Marine Fuels supplied 2,700 metric tonnes (mt) of LNG to Maran Tankers Management’s (MTM) Very Large Crude Carrier (VLCC), Maran Danae, via the Gas Agility LNG bunker vessel in Rotterdam.

This LNG bunkering operation followed the Gas Agility’s supply of MTM’s Dual-Fuel VLCC, Antonis I. Angelicoussis, with 2,700 mt of LNG in July. Antonis I. Angelicoussis is chartered to TotalEnergies.

Maran Danae and Antonis I. Angelicoussis are among four new dual-fuelled (DF) VLCCs that MTM, the oil tanker shipping arm of Angelicoussis Group, took delivery this year. The vessels emit 42% less carbon dioxide than an equivalent 10-year-old VLCC, which according to MTM, makes them the most environmentally friendly VLCCs in the world.

“We are pleased to build on our longstanding partnership with Maran Tankers Management and to support the Angelicoussis Group’s decarbonisation goals with these inaugural LNG bunker operations,” said Oğuz Önalan, General Manager of Bunker Trading and Operations for Europe and Africa, TotalEnergies Marine Fuels.

“Importantly, the operations demonstrate TotalEnergies Marine Fuels’ ability to serve a broad spectrum of the market’s needs promptly and flexibly through our supply network, whether by fulfilling long-term contracts or providing short-term market-sensitive solutions. We stand ready to serve the growing LNG bunker requirements of different vessel types in different circumstances, as the shipping industry’s decarbonisation ambitions accelerate.”

Mark Pearson, Managing Director of MTM, said: “Angelicoussis Group actively embraces the energy transition and adopts sustainable initiatives with the aim of decarbonising our fleet. Apart from constantly monitoring and optimising the energy efficiency of our current fleet, we also invest in the vessels of the future.”

“The delivery of our first four LNG Dual-Fuel VLCCs and two LNG Dual-Fuel bulk carriers this year marks a milestone in our decarbonisation strategy. These deliveries, as well as the eight Dual-Fuel Suezmaxes which we have currently on order, reiterate our commitment to LNG as the best low-carbon marine fuel available.”

“We strongly believe that cross-industry collaboration is key towards a greener future and we are delighted to have successfully completed the LNG bunkering operations of our Dual-Fuel VLCCs Antonis I. Angelicoussis and Maran Danae with the invaluable contribution of our longstanding partner, TotalEnergies Marine Fuels.”

TotalEnergies Marine Fuels currently charters two 18,600-m³ LNG bunker vessels: Gas Agility, at the Port of Rotterdam, Netherlands, and Gas Vitality, at the Port of Marseille-Fos, France.

Since the start of TotalEnergies Marine Fuels’ LNG bunkering operations in November 2020, the Gas Agility and the Gas Vitality have performed over 200 LNG bunkering operations. 

Photo credit: TotalEnergies Marine Fuels
Published: 5 October, 2023

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LNG Bunkering

Gasum and Equinor ink continuation of long-term LNG bunkering agreement

Agreement builds on the success of the previous contract Gasum has had with Equinor; Gasum’s bunker vessels “Coralius”, “Kairos” and “Coral Energy” will be used for the bunkering operations.

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Gasum and Equinor ink continuation of long-term LNG bunkering agreement

Nordic liquefied natural gas (LNG) bunker supplier Gasum on Tuesday (28 May) said it signed a long-term contract with Norway-based global energy company Equinor whereby Gasum continues to supply LNG to Equinor’s dual-fuel chartered fleet of vessels. 

The agreement builds on the success of the previous contract Gasum has had with Equinor. Gasum’s bunker vessels Coralius, Kairos and Coral Energy will be used for the bunkering operations.

The agreement also includes additional support services such as cooling down and gassing up, which has also been a part of Gasum’s previous collaboration with Equinor. 

Gasum has organised three separate LNG cool down operations for Equinor in Skagen so far this year.

Both Gasum and Equinor have committed to sustainability goals to enable a cleaner energy future. Equinor’s ambition is to become a net-zero emissions energy company by 2050.

Using LNG in maritime transport means complete removal of sulfur oxides (SOx) and particles, and reduction of nitrogen oxides (NOx) emissions of up to 85 percent as well as a reduction in CO2 emissions by at least 20%. LNG is interchangeable with liquefied biogas (LBG/bio-LNG), which reduces carbon dioxide emissions by 90% compared to conventional fuel such as marine gasoil (MGO).

With LNG and bio-LNG the maritime industry can reduce emissions already today, instead of waiting for future solutions. Gasum’s strategic goal is to bring yearly seven terawatt hours (7 TWh) of renewable gas to market by 2027. Achieving this goal would mean combined carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers.

Related: Equinor Energy AS extends LNG bunkering agreement with Gasum
Related: Gasum expands LNG bunkering business to ARA region through partnership with Equinor

 

Photo credit: Gasum
Published: 29 May 2024

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Bunker Fuel

ENGINE on Fuel Switch Snapshot: LNG costlier than VLSFO

Singapore’s VLSFO price is cheaper than LNG; LNG approaches parity with VLSFO in Rotterdam; price gap between biofuel and LNG shrinks.

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ENGINE on Fuel Switch Snapshot: LNG costlier than VLSFO

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

27 May 2024

  • Singapore’s VLSFO price is cheaper than LNG
  • LNG approaches parity with VLSFO in Rotterdam
  • Price gap between biofuel and LNG shrinks

LNG bunker benchmarks in Rotterdam and Singapore continue to rise sharply.

With estimated EU Allowance (EUA) costs included in bunker fuel costs, Singapore's LNG bunker price has surged $34-37/mt in the past week after a $29-30/mt jump the week prior.

After adjusting the price for calorific contents to become VLSFO-equivalent, Singapore's LNG price has flipped to a premium of $29-36/mt over its VLSFO in the past week, from a $30-36 discount noted a week prior.

Rotterdam's fossil LNG bunker price has closed even further on VLSFO by $33-34/mt over the past week, making it only $20-33/mt cheaper than VLSFO now.

Biofuel price premium in Singapore over fossil LNG has dropped by another $61-62/mt to $75-81/mt in the past week. In Rotterdam, the bio-bunker premium over LNG has narrowed by $11/mt to $156-168/mt.

VLSFO

Rotterdam's VLSFO price has mostly followed Brent's downward movement over the past week. Rotterdam’s VLSFO benchmark has declined by $11-18/mt in the past week, depending on whether the estimated EUA costs are included.

Availability of VLSFO is normal in Rotterdam, with lead times of 3-5 days recommended to ensure full coverage from suppliers, a trader said.

Singapore’s VLSFO benchmark has also tracked Brent’s movement, falling $32/mt over the past week.

Lead times for VLSFO in Singapore have exhibited significant fluctuations recently. Most suppliers now recommend lead times of up to 10 days for this grade, while some can accommodate stems within five days.

Biofuels

Rotterdam’s B24-VLSFO HBE bunker price has inched $5/mt higher in the past week. When we add estimated EUA costs, the price has gained $8-10/mt, depending on whether we are looking at voyages between EU ports or between EU ports and non-EU ports.

A huge gain in the price of palm oil mill effluent methyl ester (POMEME) feedstock – qualified for Dutch HBE rebates – has pushed the price higher. PRIMA-assessed POMEME price in the ARA has jumped by $70/mt to $1,368/mt in the past week.

In contrast, Singapore’s B24-VLSFO UCOME bunker price has slumped by $25-28/mt, depending on whether the price is adjusted with estimated EUA costs.

The price has declined amid a $10/mt drop in UCOME FOB China, according to PRIMA Markets. Chinese biodiesel exports to the EU are being investigated by the European Commission for "unfairly traded biodiesel". The ongoing investigation has dented Chinese biodiesel inflows into European countries.

LNG  

Rotterdam and Singapore’s LNG bunker prices have seen significant upticks in the past week.

Rotterdam’s LNG bunker benchmark has climbed $16-22/mt higher, depending on whether estimated EU ETS costs are included in the cost of fuel. This increase has been driven by the underlying front-month NYMEX Dutch TTF Natural Gas benchmark, which has seen an uptick due to heavy maintenance activities at Norwegian gas facilities.

Singapore’s LNG bunker benchmark has risen by a staggering $34-37/mt in the past week. The movement is influenced by the upward trend in the underlying Japan/Korea Marker (JKM) gas benchmark and prevailing trends in the Asian LNG market.

Analysts at ANZ Bank noted that “the rally in global gas prices continued amid ongoing buying from importers.” Importers such as Japan and South Korea are restocking gas inventories ahead of the Northern Hemisphere summer, further driving demand.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 28 May 2024

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LNG Bunkering

JAX LNG and Seaside LNG complete SIMOPS LNG bunkering op in Savannah, Georgia

“CMA CGM SYMI”, a 15,000-TEU container ship, received 4,600 cubic metres of LNG bunker fuel from North America’s largest LNG articulated ATB “Clean Canaveral” during simultaneous operations.

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JAX LNG and Seaside LNG complete SIMOPS LNG bunkering op in Savannah, Georgia

Pivotal LNG on Tuesday (21 May) said JAX LNG and Seaside LNG conducted the inaugural liquefied natural gas (LNG) bunkering in the Port of Savannah of CMA CGM SYMI during the ship’s call at the Garden City Terminal last month. 

The CMA CGM SYMI is a 15,000-TEU container ship and received approximately 4,600 cubic metres of LNG from North America’s largest LNG articulated tug and barge (ATB), Clean Canaveral, during simultaneous operations (SIMOPS).

Roger Williams, Manager of JAX LNG and Vice President of Commercial LNG and Gas Development at BHE GT&S, the parent company of Pivotal LNG, said: “We appreciate the opportunity to work alongside CMA CGM staff in Marseille, Norfolk and Savannah in preparation for this unique bunker event that marked CMA CGM’s first LNG SIMOPS bunkering of a 15,000-TEU ship in the United States.”

The bunkering also marked Seaside LNG’s first bunkering of a dual-fuel container ship with membrane-type LNG tank technology, highlighting the efficient design of Seaside LNG’s 5,500-cubic-metre series LNG ATB. 

Tim Casey, CEO of Seaside LNG, said: “The ATB design and skillful operator, McAllister LNG Services, has proven very resourceful to bunker container ships, car carriers, cruise ships and petroleum tankers with different cargo tank technologies.”

This inaugural bunkering marked multiple collaborative milestones and continues to demonstrate the viability of LNG as a marine fuel in the U.S. 

 

Photo credit: Georgia Ports Authority
Published: 23 May 2024

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