Pacific Basin sees methanol as best option

Pacific Basin Shipping, a Hong-Kong-headquartered dry bulk shipowner, said it sees methanol as its best option as it pursues commercially viable zero-emissions vessels. In May 2022, the company entered into a memorandum of understanding with Nihon Shipyard Co., Ltd and Mitsui & Co., Ltd to cooperate on the development of zero-emission vessels and potential investment

CMA CGM invests in clean hydrogen infrastructure fund

CMA CGM has joined what is said to be the world’s first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain. Fund manager Hy24 Partners, a joint venture between clean hydrogen investment firm FiveT Hydrogen and European private equity firm Ardian, has closed €2bn ($1.94bn) of allocations with CMA CGM

Proman & Stena JV Completed First Methanol Bunkering Operation

The joint venture (JV) of Proman and Stena Bulk have completed first methanol bunkering operation at Ulsan Port in South Korea. The bunkering was executed despite South Korea not being a methanol-producing country and neither vessel – Stena Pro Patria and Stena Pro Marine, was carrying methanol as cargo. Proman Stena Bulk’s fully operational methanol-fuelled

ZIM Signs Agreement With Shell For $1bn LNG Supply

ZIM has signed a 10-year agreement with Shell, valued at more than $1bn, for the supply of liquified natural gas for ten LNG-fueled vessels chartered from Seaspan, the world’s largest containership leasing company. The agreement with Shell may also cover other trades where ZIM LNG vessels could be deployed. The 15,000 teu vessels are expected

PaxOcean to develop ammonia bunkering vessel

PaxOcean Engineering has reached an agreement with Hong Lam Marine and Bureau Veritas to jointly develop an ammonia bunker vessel design. There are a host of ongoing initiatives in Singapore, the world’s largest bunkering hub, to develop ammonia fuel lines for shipping with many owners now actively studying making the possibility of making their first

CMB granted first hydrogen bunkering permit

The first hydrogen bunkering license in the Netherlands has been granted in the port of IJmuiden, allowing Windcat Workboats, part of Compagnie Maritime Belge (CMB), to bunker its crew transfer vessel Hydrocat 48. The IJmond Environmental Service granted a permit for the activity on behalf of Velsen Municipality after Windcat Workboats looked into the necessary

Prax expands its bunker fleet with Fortuna II tanker addition

UK oil refiner Prax Group is expanding its bunkering fleet with the acquisition of the 2020-built product tanker Fortuna II. The 68 m long Fortuna II can carry very low sulphur fuel oil (VLSFO) and marine gas oil, and is able to supply bunkering services in ports right along the UK coast and in northwestern

MPA suspends bunkering licence of Glencore

The Maritime and Port Authority of Singapore (MPA) has temporarily suspended Glencore’s bunker licence for two months after a fuel contamination probe. The MPA said the suspension will take effect on August 18, adding that it found no evidence that Glencore or PetroChina had intentionally contaminated the high-sulphur fuel oil (HSFO). MPA’s investigation found that

Kanfer, Egas and Leth Agencies to setup Suez LNG bunkering hub

Kanfer Shipping, Leth Suez Transit and Egyptian Natural Gas Holding Company are looking to work together with commodity traders to establish a liquefied natural gas (LNG) bunkering hub in the Suez Canal by 2025. Egas has initiated the establishment of a joint venture that will charter the bunkering vessel, take care of the administration, including

Fujairah marine fuel sales decline in June

Marine fuel sales at the United Arab Emirates’ Fujairah fell to a four-month low in June as high bunker premiums and tight supplies capped uptake. The third largest bunkering hub in the world registered bunker sales volumes 13% less month-on-month at 647,184 cubic meters (about 619,602 tonnes) in June. Combined low-sulphur bunker sales in June