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Volvo gets first green shipping certificate for using Cosco Shipping Lines bio bunker fuel service

Hi ECO, a green shipping product utilising green biofuels, presents an ideal solution for customers to easily decrease the carbon footprint of their shipments.

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Volvo gets first green shipping certificate for using Cosco Shipping Lines bio bunker fuel service

Cosco Shipping Lines on Friday (15 December) said it presented the first green shipping certificate to Volvo based on their utilisation of the firm’s green shipping product Hi ECO.

Cosco Shipping said Hi ECO, a green shipping product utilising green bio bunker fuels, presents an ideal solution for customers to easily decrease the carbon footprint of their shipments by reducing carbon emissions throughout the entire well to wale life cycle. 

Volvo is the first customer to make an agreement with Cosco Shipping Lines for green shipping services, and Cosco Shipping Lines will provide intercontinental cargo transportation services for Volvo through its Hi ECO green service products, marking a significant milestone for both parties.

“After pioneering the bunkering of our operating vessels with biofuel to achieve measurable carbon emission reduction already in 2022, we have consistently been dedicated to assisting our customers in reducing greenhouse gas emissions and making positive contributions to sustainable development,” the firm said. 

“Through this added service, customers can reserve climate-friendly freight to fulfil their requirements for environmentally friendly transportation.”

Photo credit: Cosco Shipping Lines
Published: 18 December, 2023

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Bunker Fuel

Singapore: Bunker fuel sales down by 9.1% on year in January 2025

4.46 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in January, a drop from 4.91 million mt recorded during the similar month in 2024, according to MPA data.

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Singapore: Bunker fuel sales down by 9.1% on year in January 2025

Sales of marine fuel at Singapore port decreased by 9.1% on year in January 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.46 million metric tonnes (mt) (exact 4,461,710 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in January, a drop from 4.91 million mt (4,906,100 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in January (against on year) recorded respectively 1.66 million mt (zero from 1.66 million mt), 2.43 million mt (-15% from 2.86 million mt), 900 (+100% from zero), 3,100 mt (-77% from 13,500 mt) and zero (from zero).

Singapore: Bunker fuel sales down by 9.1% on year in January 2025

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in January (against on year) recorded respectively 16,000 (+100% from zero), 92,000 mt (+103% from 45,300 mt), zero (from zero), zero (from zero) and zero (from zero).

LNG and methanol sales were posted respectively at 6,600 mt (-36.5% from 10,400) and zero (from zero).

A complete series of articles on Singapore bunker volumes by Manifold Times in 2024 can be found below:

Related: Singapore: Bunker fuel sales down by 5.2% on year in December 2024
Related: Singapore: Bunker fuel sales gain by 4.6% on year in November 2024
Related: Singapore: Bunker fuel sales gain by 10.8% on year in October 2024
Related: Singapore: Bunker fuel sales continue to increase by 2.8% on year in September 2024
Related: Singapore: Bunker fuel sales increase by 7.2% on year in August 2024
Related: Singapore: Bunker fuel sales up by 3.3% on year in July 2024
Related: Singapore: Bunker fuel sales gain 8.7% in June 2024
Related: Singapore: Bunker fuel sales increase by 6.7% in May 2024
Related: Singapore: Bunker fuel sales down by 0.6% on year in April 2024
Related: Singapore: Bunker fuel sales increase by 6.4% on year in March 2024
Related: Singapore: Bunker fuel sales up by 18.8% on year in February 2024
Related: Singapore: Bunker fuel sales up by 12.1% on year in January 2024

 

Photo credit: Maritime and Port Authority of Singapore
Published: 14 February, 2025

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Biofuel

Singapore-based Uni-Fuels receives ISCC certifications for biofuel trading

ISCC EU and ISCC PLUS certifications will ensure biofuels traded by Uni-Fuels Pte Ltd meet requirements of EU’s RED II, including provision of PoS, enabling full traceability from feedstock to final product.

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Uni-Fuels logo

Uni-Fuels Holdings, (Uni-Fuels) on Wednesday (12 February) announced that its wholly owned subsidiary Singapore-based marine fuels trading and brokerage firm Uni-Fuels Pte Ltd (Uni-Fuels Singapore) has received both ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification (ISCC).

These certifications highlight the company’s commitment to sustainability and compliance with European Union (EU) regulations aimed at reducing greenhouse gas (GHG) emissions in the maritime industry.

The ISCC certifications ensure that the biofuels traded by Uni-Fuels Singapore meet the requirements of the EU’s Renewable Energy Directive (RED II), including the provision of Proof of Sustainability (PoS). This important documentation ensures biofuels are sustainably sourced and produced, enabling full traceability from feedstock to final product.

As the maritime sector moves toward greater decarbonization, it is essential for biofuel suppliers to demonstrate compliance with regulatory standards, including the EU Emissions Trading System (EU ETS) and FuelEU Maritime. PoS documentation ensures biofuels can be counted toward emissions reduction targets, as opposed to being treated as fossil fuels.

Uni-Fuels Vice President, Operations Tan Guan Kai, said: “Achieving ISCC certifications demonstrates our commitment to supporting the global transition to cleaner fuels.”

“With Proof of Sustainability documentation, we provide our customers with the assurance that the biofuels they rely on are responsibly produced and fully compliant with evolving regulations.”

Manifold Times previously reported Uni-Fuels Holdings becoming the first Singapore-based marine fuel provider to be listed in the United States, following its successful initial public offering (IPO) on the Nasdaq Stock Market. 

Related: Uni-Fuels becomes first Singapore-based marine fuel provider to list in US
Related: Marine fuels trading, broking firm Uni-Fuels Holdings announces US IPO pricing
Related: Marine fuels trading, broking firm Uni-Fuels Holdings files for IPO on Nasdaq

 

Photo credit: Uni-Fuels Holdings
Published: 13 February, 2025

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Biofuel

NYK conducts first Japan bio bunker fuel trial on coal carrier for domestic power utility firm

Firm said it has started a biofuel test run on Noshiro Maru, operated by Tohoku Electric Power, marking the first time in Japan that a coal carrier has been used to test biofuel for a domestic power utility firm.

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NYK conducts first Japan bio bunker fuel trial on coal carrier for domestic power utility firm

Japanese shipping firm NYK on Monday (10 February) said it has started a biofuel test run on its coal carrier Noshiro Maru, which is operated by Tohoku Electric Power on 9 February.

This is the first time in Japan that a coal carrier has been used to test biofuel for a domestic power utility company. Mitsubishi Corporation Energy in the Keihin area facilitated the supply of biofuel for the vessel.

Biofuels are made from organic resources (biomass) of biological origin, such as agricultural residues and waste cooking oil, and are considered to produce virtually zero carbon dioxide (CO₂) emissions when combusted.

“Since they can be used in heavy-oil-powered ship engines, which are common on large merchant ships, biofuels are considered a key means of reducing greenhouse gas (GHG) emissions in the transition period from heavy oil to zero-emission fuels,” NYK said. 

“Using biofuel to reduce GHG emissions during sea navigation also contributes to reducing Scope 3 GHG emissions generated by transporting customers’ cargo.”

NYK added it will continue to focus on introducing biofuels and other next-generation fuels, and will contribute to reducing GHG emissions in our customers' supply chains while promoting decarbonisation in marine transport.

 

Photo credit: NYK
Published: 11 February, 2025

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