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World Fuel Services becomes global distributor of Infineum bunker fuel additives

‘Our Marine Fuel Additives portfolio is designed to deliver fuel efficiency, GHG emissions reduction and onboard operability solutions to the shipping industry,’ says Andrea Ghione of Infineum.

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Specialty chemicals company Infineum on Monday (7 August) announced that they have entered into a strategic agreement with World Fuel Services. 

Effective immediately, World Fuel Services will act as global distributor for Infineum’s Marine Fuel Additives product line.

On announcing the agreement, Andrea Ghione, Marine Venture Manager at Infineum commented: “At Infineum our purpose is to create a sustainable future through innovative chemistry. Our Marine Fuel Additives portfolio is designed to deliver fuel efficiency, GHG emissions reduction and onboard operability solutions to the shipping industry. This collaboration with World Fuel Services will support the industry’s decarbonisation efforts, and we are confident that the partnership will deliver outstanding quality and exceptional customer service. Customers will also benefit from a strong logistics footprint starting in Singapore and expanding to ports around the world.”

“This is an important agreement that will be beneficial to maritime customers by expanding the availability of Infineum’s Marine Fuel Additives product range. Both companies share the same commitment to sustainability and to decarbonised shipping operations. We are, therefore, extremely pleased to enter into this agreement and look forward to a close working relationship,” said Mark Tamsitt, Senior Vice President, Marine at World Fuel Services.

Related: Infineum makes positive strides towards its sustainability goals in Singapore
Related: Infineum accelerates reduction of GHG emissions through net zero ambition by 2050
Related: Infineum to acquire Entegris’ Pipeline and Industrial Materials business by Q4
Related: Infineum: Significant proportion of tanker fleet to be below minimum ‘C’ CII rating by 2030, without corrective action
Related: Infineum expands single oil category II solutions for MAN B&W two-stroke engines
Related: Infineum launches single oil solution for MAN B&W two-stroke engines
Related: Infineum: Ensuring on board operability of VLSFO bunker fuels
Related: Infineum: Proving marine additive performance
Related: World Kinect marine fuels segment gross profit down 46.3% on year to USD 42 million
Related: World Fuel Services achieves LNG bunkering milestone in China

 

Photo credit: Infineum
Published: 8 August, 2023

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TFG Marine to establish international bunker fuel supply op at SOHAR Port

TFG Marine intends to start deliveries with a local operating company with its first bunker vessel, which will be fitted with a Mass Flow Meter, arriving at SOHAR Port in the coming months.

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TFG Marine to establish international bunker fuel supply op at SOHAR Port

SOHAR Port and Freezone and TFG Marine on Tuesday (27 February) said they have signed an MoU agreement during International Energy Week in London to establish an international bunker fuel supply operation within the deep-sea port. 

The port is strategically located at the city of Sohar, Sultanate of Oman, close to the main shipping routes connecting the Gulf and the Indian subcontinent with the rest of the world.

Emile Hoogsteden, CEO of SOHAR Port, said: “Today’s agreement reconfirms SOHAR Port’s commitment to build a digitalised and transparent bunker operation that meets international standards already introduced in Singapore and soon to be implemented in Rotterdam.”

“This will enable TFG Marine to establish an international bunker fuel supply operation at SOHAR Port and to offer all grades of bunker fuel to vessels.”

The port’s anchorage areas are located within 4 to 10 nautical miles offshore. With a depth of between 30 to 60 meters, more than 3,000 vessels of all sizes currently call at the port each year.  

This will increase as TFG Marine will be able to refuel the fleet of its joint venture owners, Trafigura, Frontline and Golden Ocean, which collectively manage a fleet of more than 700 owned and chartered vessels, as well as third party vessels.

“This is an ideal location for TFG to establish its first bunker fuel supply operation in the Middle East,” said Kenneth Dam, TFG Marine’s Global Head of Bunkering. 

“With the intention to emulate Singapore’s best in class approach there is the potential for SOHAR Port to quickly become a major new physical bunkering procurement location in the Middle East for the world’s shipping fleet.”

TFG Marine intends to start deliveries with a local operating company with its first bunker vessel arriving at SOHAR Port in the coming months. The vessel will be fitted with a Mass Flow Meter (MFM), calibrated to the ISO 22192 international standard as required by SOHAR Port. 

TFG Marine has long been an advocate of the global adoption of calibrated MFMs to bring much-needed transparency to bunkering and encouraging digitalisation in the long-term interests of the bunker industry and helping to further the decarbonisation goals of the shipping industry.

 

Photo credit: TFG Marine
Published: 28 February, 2024

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MOL secures multiple loans to finance wind-assisted and LNG dual-fuel vessels

Loans will finance construction of two LNG dual-fueled ferries, a bulk carrier equipped with Wind Challenger, one LNG dual-fuel PCTC, LNG dual-fuel VLCC and LNG dual-fuel VLGC.

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MOL secures multiple loans to finance wind-assisted and LNG dual-fuel vessels

Mitsui O.S.K. Lines (MOL) on Friday (26 January) announced it has multiple loan agreements following the establishment of a comprehensive Sustainable Finance Framework.

The firm completed the signing of three Transition Loans (TL) and one Transition Linked Loan (TLL) financing agreement and is scheduled to sign another TLL financing agreement as well. 

The loans will finance the construction of two LNG dual-fueled ferries, a bulk carrier equipped with Wind Challenger, LNG dual-fuel pure car and truck carrier, LNG dual-fueled very large crude carrier (VLCC) and LNG dual-fuel very large gas carrier (VLGC).

MOL has already obtained a second-party opinion from DNV dated December 22, 2023, to the effect that the framework's eligibility complies with the firm’s key principles and others, intending to ensure the eligibility and transparency of the framework and to improve its appeal to investors.

“The MOL can flexibly and continuously use this framework to raise funds through sustainable finance,” it said. 

 

Photo credit: Mitsui O.S.K. Lines
Published: 30 January, 2024

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SEA-LNG: Grey methanol, ammonia and hydrogen as bunker fuels are not viable solutions in short term

‘The use of grey methanol, grey ammonia and grey hydrogen as marine fuels will generate more GHG emissions than the traditional marine fuels they are looking to replace,’ says coalition.

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SEA-LNG: Grey methanol, ammonia and hydrogen as bunker fuels are not viable in short term

Global multi-sector industry coalition SEA-LNG on Thursday (18 January) shared its overview of LNG as a bunker fuel in 2023 to 2024. The View from the Bridge highlighted how the shipping industry has advanced along the LNG pathway to decarbonisation in 2023 and outlines the progress anticipated in 2024:

Decarbonisation challenge – reality closing in

The reality of the magnitude of the decarbonisation challenge has started to hit home for many in the maritime industry this year. From 1 Jan 2024, there remain only 312 months – 1,356 weeks or 9,497 days – until 2050, when shipping must achieve its net-zero target. Regulations such as the IMO’s CII (effective from 2023), the inclusion of shipping into EU ETS (2024) and FuelEU Maritime (2025) are putting immediate and growing pressure and added costs on ship owners and operators in relation to their GHG emissions. How to meet these goals with practical, realistic and safe solutions in 312 short months is a dilemma the industry must address in a concerted and coordinated manner.

SEA-LNG: Grey methanol, ammonia and hydrogen as bunker fuels are not viable in short term

Fuel pathways – highlighting grey areas

A View from the Bridge 2023-2024 will also shine a light on some of the grey areas from alternative fuel discussions in 2023 and important considerations for 2024. 

There is a growing awareness of the fact that all the alternative fuels being discussed today share the same generic pathway: from fossil to bio-derived fuels, (or blue fuels using carbon capture and storage) and eventually to electro-fuels produced from renewable electricity. There is also a recognition that all these fuels are currently fossil, also known as grey.

The use of grey methanol, grey ammonia and grey hydrogen as marine fuels will generate more GHG emissions than the traditional marine fuels they are looking to replace. This means they are not viable solutions for decarbonisation even in the short term. By contrast, grey LNG offers an immediate reduction in GHG emissions of up to 23%, after accounting for methane slip, for the two-stroke engines which are fitted to the vessels that move most of the world’s shipping tonnage.

Consequently, the methanol, ammonia and hydrogen used by shipping will need to be green, or at least a blend with large volumes of green fuels, simply to achieve parity with VLSFO (Very Low Sulphur Fuel Oil) and comply with regulations such as FuelEU Maritime.

With scaling green fuel supply a clear barrier to decarbonisation, we must make efficient use of scarce resources. With practicality in mind, we must also recognise that fuel availability is linked to the scale of supply infrastructure. Acknowledging these truths, it is clear the LNG pathway from LNG to bio-LNG to e-LNG represents the practical and realistic pathway to net-zero shipping emissions.

Note: Read the full report of View from the Bridge 2023-2024 here.

 

Photo credit: SEA-LNG
Published: 23 January, 2024

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