In Korea, Today Newspaper reports the US Trade Representative has proposed port fees of $1 million per Chinese-operated ship and $1.5 million for other owners using Chinese-built vessels, a move that could push global ship orders toward South Korea, industry analysts said on March 5. China dominates global shipbuilding, securing 70% of orders in 2023, […]
In California, a proposed Trump administration plan to impose port fees on China-linked vessels could force carriers to drop smaller ports and reroute cargo to major hubs, said Lars Jensen, CEO of Vespucci Maritime, in a interview with the Freight Buyers’ Club at TPM25 March 5. “I’m not all done with my modeling, but the […]
In Italy, Maire, Eni, and Iren have started the permitting process for a plant at Eni’s refinery in northern Italy that will convert 200,000 tons of non-recyclable waste per year into 110,000 tons of circular methanol and 1,500 tons of circular hydrogen using gasification technology from Maire’s technology arm, Nextchem, to produce low-carbon fuels for […]
In Norway, Furetank bunkered 200 tonnes of ISCC-certified BioLNG onto its tanker Fure Viken at the Port of Mongstad, marking its first use of the fuel and aligning with new EU emissions rules, the company announced on February 26. The operation, conducted with STX Group and Molgas, supports compliance with FuelEU Maritime, which mandates a […]
In Spain, Enagás will launch BioLNG supply operations in March at its Barcelona and Huelva regasification terminals, allowing biomethane injected into the gas grid to be recognized as BioLNG and loaded onto ships and tankers. The terminals meet International Sustainability and Carbon Certification and European Commission standards, enabling the company to contribute to European decarbonization […]
In Singapore, NYK and its partners secured Approval-in-Principle on February 25 from ClassNK for an ammonia-fueled bunkering vessel design, developed by LMG Marin, a Seatrium subsidiary. The design will next be submitted to Singapore’s Maritime and Port Authority for evaluation. “This Approval-in-Principle represents a critical milestone in our efforts to accelerate the adoption of clean […]
In Singapore, Manifold Times reports Chinese green energy firms have announced over 100 biomethanol projects totaling 30 million t/yr to supply the maritime sector, but high investment costs and a slowing economy pose challenges, according to speakers at the Argus Green Marine Fuels Asia conference in Singapore held February 18-19. “Securing long-term offtake agreements with […]
In South Korea, Plagen and Taebaek City signed an agreement to build a 10,000-ton-per-year clean methanol production facility, set to begin operation in 2027. Taebaek will leverage its abundant forestry byproducts and renewable energy infrastructure to secure raw material supply. Plagen CEO Kyung Kook-hyun said, “Taebaek is the optimal location for clean methanol production and […]
In China, Shanghai Observer reported China State Shipbuilding Corporation’s WinGD and CSSC Marine Power delivered the world’s most powerful methanol dual-fuel marine engine in Shanghai. The 2,000-ton low-speed main engine, which will be used on a 16,000-TEU container ship, was developed in just two years, significantly shorter than the usual three-year cycle. “According to engine […]
In Singapore, Cargill’s Ocean Transportation business and tanker shipping firm Hafnia announced their JV, Seascale Energy, will launch in the second quarter of 2025, consolidating 7.5 million metric tons of bunker volume under one roof to secure competitive pricing, streamline procurement, and expand access to alternative fuels. “Cargill and Hafnia’s global reach and trading strength, […]
