In Singapore, Reuters reports premiums for B24 benchmark marine biofuel have softened in Singapore as feedstock prices fall together with stronger underlying fossil-based marine fuels due to Red Sea disruptions, while tepid demand has failed to keep the premium higher. The premium was as high as $200 per metric ton in Q3 2023 but has […]
In Singapore, Islamic scholars have declared cultivated meat halal if the cell lines come from species Muslims are permitted to eat, such as chicken or beef. Pork remained off-limits, according to the ruling, which also states all ingredients in the final product must also be halal and the product is clean and non-toxic. According to […]
In Singapore, Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe. As one of the […]
In the Netherlands, Offshore Energy reported that Singapore has made significant progress in the supply of alternative fuels as bunker sales of biofuel blends increased to 520,000 tons last year, which more than tripled from 140,000 tons in 2022. This was revealed at the Singapore Maritime Foundation (SMF) New Year Conversations event held last week. […]
In Singapore, Ocean Network Express Pte. Ltd. (ONE) has signed Ship Building Contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for a total construction of twelve 13,000 TEU methanol dual-fuel container ships. Each shipyard will build six vessels and are all scheduled to be delivered from 2027. This significant milestone represents ONE’s inaugural fleet of methanol-dual […]
In Singapore, Marine Link reported that Singapore’s Maritime and Port Authority (MPA) said it was seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025. The proposals have to look into methanol supply sources, the bunkering operation model at a commercial scale and ways to physically transfer methanol, according […]
In Singapore, Keppel Corporation Limited (Keppel), through its Infrastructure Division, and GenZero, a Temasek-owned investment platform company that is focused on accelerating decarbonization globally, have signed a Memorandum of Understanding (MOU) at the 2023 United Nations Climate Change Conference, more commonly referred to as COP 28, to jointly pursue opportunities to accelerate the transition to […]
In Singapore, ADGM based ACX Ltd., part of the ACX Group, announced the start of live trading on its groundbreaking biofuels electronic physical trading platform, ACXBiofuels, as part of its Financial Services Regulatory Authority (FSRA) regulated Recognized Investment Exchange (RIE), allowing market participants to facilitate trading in biodiesel, Renewable Diesel (HVO), Sustainable Aviation Fuel (SAF) […]
In Singapore, Reuters reported that GS Caltex Singapore said it has sold its first cargo of biofuel-blended marine gasoil to Maersk Oil Trading (MOT) at the world’s largest bunker hub Singapore as the company seeks to expand into lower carbon fuels. The sale is part of GS Caltex’s plans by to expand its biofuels supply […]
In Singapore, KPI OceanConnect announced the successful sale and supply of a B24 biofuel blend to Orient Overseas Container Line (OOCL), one of the world’s leading container transport and logistics service provider. The fuel delivery, arranged by KPI OceanConnect’s team in Singapore and supplied by barge, was received by OOCL’s container vessel while at port […]
