Pan Ocean Orders Two Eco-Ready VLCCs from HD Hyundai Heavy Industries

South Korea’s Pan Ocean has placed an order for two Very Large Crude Carriers (VLCCs), marking a strategic move to enhance its competitiveness in the liquid bulk shipping sector. The 300,000 dwt vessels will be built by HD Hyundai Heavy Industries, with delivery scheduled for the third quarter of 2027. The contract, valued at KRW

Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Grupo Armas Trasmediterránea in Canary Islands

Moeve has signed a strategic long-term agreement with Grupo Armas Trasmediterránea to deliver up to 40,000 tons of second-generation (2G) marine biofuel through December 2025 in the Canary Islands. The deal, Moeve’s largest biofuel contract to date and its first in the archipelago, includes the option to extend supply into 2026. This agreement strengthens Moeve’s

China’s low-sulfur marine fuel exports down 1.6%

China’s exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year, data from the General Administration of Customs showed. The decline in exports emerged despite an uptick in refuelling demand at key bunker ports globally, as China cut export quotas in its final batch of the year. Exports of the marine fuel,

NYK’s engine facility for testing new marine fuels is up and running

Japanese shipping company NYK has started operating its test engine facility to evaluate the safety of new fuels and shorten review time, aiming for practical use within a period of three months. NYK broke ground on the test facility in Chiba Prefecture at the beginning of the year and put it into operation on October 1. NYK

TotalEnergies inks LNG bunker newbuilds

TotalEnergies is strengthening its LNG bunkering business with up to two newbuilds in China. The French energy major has contracted state-owned Hudong-Zhonghua Shipbuilding to build one firm 18,600 cu m vessel, with options secured for an additional unit. Several shipowners, including Avenir and Japan’s Mitsui OSK Lines (MOL), were in the run to secure the

MPA-NYK join forces to promote safe use of zero-carbon fuels

The Maritime and Port Authority of Singapore (MPA) and Japanese shipping company NYK have joined forces to accelerate maritime decarbonization, digitalization, and manpower development efforts, including the promotion of the safe use of marine fuels. Under the memorandum of understanding signed on July 2, MPA and NYK agreed to deepen their partnership and collaborate on

Bergen Engines joins Norwegian initiative for transition to alternative fuels

Norway-based engine builder Bergen Engines has become a part of FME MarTrans, an industry collaboration which aims to reduce emissions from shipping and increase value creation for the Norwegian maritime sector, related to the reduction of energy consumption and the use of alternative fuels. FME (Norwegian Center for Environmentally Friendly Energy Research) Maritime Energy Transition

SGMF explores methanol and ammonia as alternative marine fuels

The Society for Gas as a Marine Fuel (SGMF) has issued two publications, exploring methanol and ammonia as alternative maritime fuels. SGMF is a membership based non-governmental organisation (NGO) established to promote safety and industry best practice in the use of gaseous marine fuels including methane (fossil, bio and synthetic), ammonia, hydrogen as well as

Singapore’s marine biofuel demand could double by 2025

Marine biofuel demand at the world’s largest bunker hub Singapore could potentially double by 2025 to almost 1 million metric tons from 2023 levels as shippers seek to cut emissions, a senior TotalEnergies executive said. More shipping companies have been conducting refuelling trials using marine biofuel as an alternative to conventional fuel oil to reduce

Singapore posts record high marine fuel sales

Singapore’s marine fuel sales hit a record high last year, official data showed on Friday, led by record container throughput and stronger interest in biofuels. Sales, including volumes of bio-blended fuels and liquefied natural gas (LNG), rose to 51.82 million metric tons, data from Singapore’s Maritime and Port Authority (MPA) showed. That surpassed a record