Yara, Navigator Holdings Ltd. lead investment into Azane Fuel Solutions

Yara Growth Ventures and Navigator Holdings Ltd. lead investment round of 5.4 million EUR (around 5.7 million USD) in Azane Fuel Solutions AS ammonia bunkering startup, to commence construction of the first of 15 bunkering units. OSLO and LONDON, October 25, 2023: Yara Growth Ventures AS, the venture investment arm of Yara International ASA (together,

MPA will be first port to implement electronic bunker delivery

The Maritime and Port Authority of Singapore (MPA) will become the first port in the world to implement electronic bunker delivery notes from the start of next month. Currently, the maritime industry relies on physical bunker delivery notes, a standard document required by the International Convention for the Prevention of Pollution from Ships that contains

Rotterdam reduces fee for ships that bunker sustainable fuels

Port of Rotterdam said it will offer a substantial port fee reduction for ships that bunker sustainable fuels in Rotterdam, supporting the recently announced Zero Emissions Maritime Buyers Alliance (ZEMBA) and recognising front runners in the road to maritime decarbonisation. ZEMBA, an initiative of coZEV, recently launched a request for proposals for the transport of

JV to develop first LNG ship bunkering hub

A joint venture is developing the first dedicated liquefied natural gas (LNG) bunkering facility for ships in the U.S. Gulf amid efforts by the maritime industry to find cleaner fuel solutions. Shipping, which accounts for nearly 3% of global CO2 emissions and is under pressure from investors and environmental groups to accelerate decarbonisation, is exploring

Suez Canal, Shell considers alternative fuel bunkering

General Authority for Suez Canal Economic Zone (SCZONE) recently met with Shell officials, during its roadshow tour to the Netherlands, to discuss the development of alternative fuels bunkering. The SCZONE delegation, headed by Waleid Gamal El-Dien, met with Shell officials, Roberto Maria Batumli, Regional lead of the Hydrogen industry EU, and Rene Smeets, Marine LNG

Itochu, Peninsula to work for development of ammonia bunkering

General trading company Itochu Corporation and marine fuels supplier Peninsula Petroleum have executed a memorandum of understanding (MoU) on the joint development of ammonia bunkering in Spain. Itochu stated that, together with Peninsula and future partners, it aims to establish a global ammonia supply chain by promoting the joint development of an ammonia bunkering in

Regulators push for low-carbon bunker transition

Maritime trades have been powered by residual fuels that emit high levels of air pollutants and greenhouse gases for decades, but a growing number of regulators are pushing vessel operators to use greener energy sources. Now Having lowered the global sulfur cap for bunker fuels earlier this decade, the International Maritime Organization has set decarbonization

ScanOcean sells Neste’s marine fuel

Neste and ScanOcean have brought Neste’s marine fuel enabling lower GHG emissions to the Swedish market. The first shipment of nearly 600,000 liters (500 metric tons) is now available at the Södertälje terminal for vessels bunkering in the Stockholm area as well as those in transit to Lake Mälaren. ScanOcean already has several interested clients.

King Abdullah Port to get supplies from 2 providers

King Abdullah Port announced a strategic partnership with two providers of marine fuel supply and services: Western Fuel Supply for Petroleum Products Company Limited and Minerva Bunkering. King Abdullah Port added it will continue to leverage its strategic location and expand its services, positioning itself as a key international logistics hub at the crossroads of

No more easy bunkering now, with shift in energy transition

The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil flows to shift, meaning shippers must plan more carefully ahead to ensure they can buy the fuel they need, according to TFG Marine. Russia has been a key provider of 3.5% (high) sulfur fuel oil