In Malaysia, The Malaysian Reserve reports the Port of Tanjung Pelepas in Malaysia, a joint venture between MMC Group and APM Terminals, completed its inaugural methanol bunkering operation for Maersk’s Antonia Maersk, a dual-fuel container vessel, on an unspecified recent date, showcasing its capacity for alternative marine fuels and sustainable shipping. The Antonia Maersk, the […]
In Singapore, Mitsui O.S.K. Lines inked a wide-ranging memorandum of understanding with the Maritime and Port Authority of Singapore, committing to collaborate on decarbonization, digitalization, and workforce development across the maritime sector. The agreement aims to bolster efforts in reducing emissions through next-generation fuels like ammonia and hydrogen, improve voyage efficiency with digital tools, and […]
In Norway, Wallenius Wilhelmsen announced the launch of BAF2.0, a re-engineered bunker adjustment factor aimed at simplifying fuel cost management as the shipping industry transitions to net-zero emissions by 2040. Beginning January 1, 2025, BAF2.0 will apply to all new ocean business, integrating alternative fuels such as bio-LNG, methanol, and ammonia into a single pricing […]
In Denmark, global efforts to decarbonize shipping saw a 40% rise in green corridor initiatives in 2023, bringing the total to 62, but progress risks stalling due to the high costs of transitioning to zero-emission fuels, according to the Annual Progress Report on Green Shipping Corridors 2024, published on November 19 by the Global Maritime […]
In Canada, Abraxas Power Corp. and EDF Group announced a CAD$12 billion partnership to develop the Exploits Valley Renewable Energy Corporation project in Central Newfoundland generating 200,000 tons of green hydrogen and 1,000,000 tons of green ammonia annually from 3+ gigawatts of onshore wind power. Located on a repurposed forestry site, the project will integrate […]
In Greece, Safety4Sea reports the International Organization for Standardization released a comprehensive framework to standardize the use of methanol as a marine fuel, addressing safety, quality, and sustainability in response to the maritime industry’s push for low-emission alternatives. Developed with input from ship owners, operators, classification societies, and technical bodies, the document defines methanol grades […]
In Denmark, Maersk has completed the conversion of the Maersk Halifax into a dual-fuel methanol-powered container ship, the largest retrofit of its kind, following an 88-day operation at Zhoushan Xinya Shipyard in China, finalized in October 2024. The retrofit, led by MAN Energy Solutions, included replacing engine parts, adding new fuel tanks, a fuel preparation […]
In China, Towngas and CPN signed a Memorandum of Understanding in Hong Kong, committing to distribute ISCC-certified green methanol to support the city’s maritime decarbonization efforts and meet growing demand for alternative marine fuels. Under the agreement, Towngas will supply methanol produced at its Ordos, Inner Mongolia plant, which converts biomass and municipal waste into […]
In Singapore, Manifold Times reports LNG, once the cheapest fuel option in Rotterdam, has now become significantly more expensive than biofuel blends, reversing a long-standing trend. Rotterdam’s LNG price has climbed to an $80 per metric ton premium over B24-VLSFO HBE, a biofuel blend containing 24% palm oil mill effluent biofuel, according to bunker intelligence […]
In Texas, Global Trade Magazine reports China plans to issue its first export quotas of 500,000 metric tons for marine biofuel blends by early 2025, targeting European trade routes to support domestic biodiesel producers hit by EU anti-dumping tariffs, according to industry sources and consultancy JLC. The state-owned oil companies CNPC, Sinopec, and CNOOC are […]
