Oleksandr Kaiukov’s Post

📍#LNGAsFuel📍 ✅ Singapore-based ship management company #Eastern #Pacific #Shipping (EPS) has completed its 250th ship-to-ship (STS) 🎊 liquefied natural gas (LNG) bunkering operation 💧. ✅ The bunkering operation was carried out with EPS-managed LNG dual-fuel containership CMA CGM Hope. The 15,000 TEU ship received fuel at Yangshan, Shanghai 📌. ✅ EPS highlighted that this is a “significant milestone” 🏆since the company started its first LNG bunkering operations four years ago. ✅ Furthermore, the firm noted that it will stay committed to its ongoing efforts to support cleaner energy alternatives 🌍 in the shipping industry as it works towards net zero. 📌 Source : Offshore Energy #lng #lngindustry #lngshipping #lngbunkering #gtt #mossdesign #naturalgas #shipping

On Bunkerspot today… The Maritime and Port Authority of Singapore has launched an Expression of Interest to explore scalable solutions for sea-based LNG reloading to complement the existing onshore LNG bunkering storage and jetty capacities and the supply of e/bio-methane as marine fuel in the Port of Singapore. https://lnkd.in/gAJ5EfBW A new €80 million loan from the European Investment Bank, which will be used to finance the second phase of the Port of Bilbao’s expansion plans and the installation of renewable energy infrastructure, is intended to support a switch to shipping as an alternative to other more carbon-intensive transport modes. https://lnkd.in/gwVUuC-C QatarEnergy has selected a joint venture of Japan’s Mitsui O.S.K Lines and China’s COSCO Shipping LNG Investment to own and operate six QC-Max size LNG vessels. https://lnkd.in/g78cmtBX The International Council on Clean Transportation has announced the launch of FUMES 2 (Fugitive and Unburned Methane Emissions from Ships), a follow-up to a first study which measured methane emissions from ships fuelled by liquefied natural gas under real-world conditions. https://lnkd.in/gd4b6CYp The LNG-powered inland container carrier Ji Ning Gang Hang 9001 has completed its trial voyage on the Beijing-Hangzhou Grand Canal. https://lnkd.in/gQEY9rDC And in other news... ExxonMobil expects its annual LNG sales to top 40 million metric tonnes by 2030 … MAIB report on Stena Europe fire calls for review of defect reporting and crew training... UECC adds LNG dual-fuel car carrier to fleet... Samsung to provide EPCC work for new Petronas biorefinery… Wärtsilä secures LNG systems order for Vitol’s new bunkering vessel To catch up on all the day’s bunker news, visit www.bunkerspot.com Image: Shutterstock

Congratulations to SEA-LNG member TotalEnergies on chartering an LNG Bunker Vessel (LNGBV) from Ibaizabal Group. Total Energies’ Louise Tricoire commented that the company is committed to playing its part in “responding to the sector’s increasing demand for this fuel (LNG) which can help global shipping meet its decarbonisation ambitions,” supporting the continued growth of the existing LNG bunkering infrastructure. Ship-to-ship bunkering, driven by the global rollout of LNGBVs, has seen significant growth in recent years. Recently, SEA-LNG members have acted as industry first-movers to expand LNGBVs globally in key bunkering hubs such as Japan, Korea, Singapore, the US East Coast and Gulf of Mexico, NW Europe and the Mediterranean. Today, LNG Bunkering is now available in 185 ports, with an additional 50 being added next year. The bunkering vessel fleet has increased from a single vessel in 2010 to 60 in operation today, with a further 13 on order and significant interest in the maritime community to continue to invest in these important assets. To read more about Total Energies’ latest LNGV, click the link below to Schiff&Hafen | Ship&Offshore: https://lnkd.in/eWXsK7fw #shipsandshipping #decarbonisation #LNG

🚀 Exciting News from the Energy Sector! 🌍 QatarEnergy has embarked on a significant expansion, signing agreements to charter 19 state-of-the-art liquefied natural gas (LNG) carriers from leading Asian ship operators. This strategic move is part of its ongoing efforts to scale up production and reinforce its commitment to energy reliability and sustainability worldwide. 🛳️ The Details: • 6 vessels will be chartered from China’s CMES LNG Carrier Investment and another six from Shandong Marine Energy, alongside 3 vessels from Malaysia’s MISC. These 15 vessels are set to be constructed at South Korea’s Samsung Heavy Industries. • Additionally, 4 more vessels will be operated by a joint venture between Kawasaki Kisen Kaisha and Hyundai Glovis, built by South Korea’s Hanwha Ocean shipbuilders. 📈 Strategic Growth: This expansion brings the total fleet to an impressive 104 ships, with 43 chartered by affiliate QatarEnergy Trading. Each of the newly announced vessels boasts a capacity of 174,000 cubic meters, aligning with their ambitious plan to increase the annual production capacity to 142 million tonnes by 2030, up from the current 77 million tonnes. 🌐 Global Impact: As QatarEnergy enhances its production capabilities, they are not just aiming to meet the growing global demand for clean energy but also to reassert its position as a leader in the global LNG market. Their investments and strategic partnerships are paving the way for a more sustainable and energy-secure future. -Reuters #qatarenergy #LNG #energy #sustainability #business #mena #middleeast #qatar #economy

🚢 MOL Sets Sail for Expansion: A Strategic Leap in LNG Transportation 🌍 Japan’s shipping giant, Mitsui O.S.K. Lines (MOL), is steering a course towards significant expansion, projecting its LNG carrier fleet to reach 104 vessels by March 2025. This ambitious growth underscores MOL’s commitment to leading the LNG transportation sector and adapting to the global shift towards cleaner energy sources. 📈 Growth Trajectory & Diversification: From 94 LNG carriers in early 2023 to a projected 97 by 2024, backed by an aggressive order book of over 30 new vessels, MOL is not just expanding but diversifying. The fleet includes Floating Storage Units (FSUs), Floating Storage and Regasification Units (FSRUs), LNG bunkering vessels, and more, positioning MOL as a versatile player in maritime gas transport. 🌱 Sustainability Commitment: Aligning with global decarbonization efforts, MOL aims to operate 90 LNG-powered and methanol-fueled vessels by 2030, marking a significant stride towards sustainable maritime fuels. 💹 Financial Resilience: Despite fluctuations, MOL’s fiscal 2023 report shows robust growth with increased revenue, highlighting the strength of its energy business segment. The LNG carrier operations, a stable profit generator due to long-term charter contracts, continue to bolster MOL’s financial landscape. 🔍 Looking Ahead: With stable profits expected from its LNG carrier operations and potential growth in LNG infrastructure projects, MOL is well-positioned to meet the increasing demands for cleaner energy transportation solutions. MOL’s strategic vision not only enhances its market position but also contributes to a sustainable future in global shipping. 🌐 #MOL #LNGTransport #SustainableShipping #MaritimeIndustry #CleanEnergy #CorporateGrowth

TFG Marine, a frontrunner in global marine fuel supply, has marked a historic achievement with the successful inaugural liquefied natural gas (LNG) refueling of their bunker vessel, the MT Diligence, at Jurong Port, Singapore. This momentous occasion signifies a leap forward in sustainable bunkering operations and underscores the company’s firm commitment to Energy Transition in the bunkering industry. The deployment of a vessel capable of being powered by LNG, in addition to conventional low sulfur marine fuels, not only demonstrates TFG Marine’s commitment to innovation but also facilitates compliance with the licensing requirements set forth by the Maritime and Port Authority of Singapore (MPA). The 34m3 of LNG required to fuel the MT Diligence was efficiently supplied by the Marine division of Pavilion Energy, a prominent Singapore based LNG supplier. TFG Marine extends its heartfelt congratulations to everyone involved in the successful completion of the first LNG refueling for MT Diligence. This achievement exemplifies the company’s commitment to excellence and sets a precedent for future advancements in the green bunkering operations. #bunkering #energy #shipping #marine #maritime #petroleum #shipowners #decarbonization #digitalization #energytransition #oilandgas #cleanenergy #carboncapture #ports #greenenergy #greenshipping #netzero #sustainability #bunkermarket #europe #usa #uk #canada #uae #netherlands #denmark #norway #sweden #finland #singapore #tfgmarine #mtdiligence #bunkervessel #lngbunkering #lngrefueling #jurongport https://lnkd.in/dsxj7zXB

🚢 Mitsui O.S.K. Lines, Ltd. 🤝 COSCO SHIPPING Energy Transportation Co., Ltd. successfully co-hosted the 6th Shanghai International LNG Shipping Forum, focusing on the safety and development of the LNG industry and supply chain. The event brought together nearly 200 participants from leading companies and organizations in the LNG sector. 💡 Industry leaders, including MOL President & CEO Takeshi Hashimoto, delivered insightful presentations on the LNG market, eco-friendly technologies, and LNG's role in decarbonization. They highlighted the importance of LNG as a clean energy source and showcased innovative projects like the Wind Challenger, a hard sail wind propulsion system. 🌬️ 🤝 MOL and CSET have a strong partnership, jointly owning and operating 20 LNG carriers for various projects. They plan to expand their collaboration in the LNG sector to contribute to the growth of the LNG business in China, which is expected to become the world's largest LNG importer. 📈 🌍 Guided by the "MOL Group Environmental Vision 2.2," MOL is committed to achieving net-zero greenhouse gas emissions by 2050. They aim to contribute to a decarbonized society through their services related to LNG and renewable energy. ♻️ #LNGShipping #Decarbonization #ChinaLNGMarket #MOLGroupEnvironmentalVision2.2Source: https://lnkd.in/eCfhUPmG

FueLNG Celebrates Milestone 150th Ship-to-Ship LNG Bunkering Operation! We are thrilled to announce a significant milestone for FueLNG - our 150th Ship to Ship LNG bunkering operation! On March 23rd, 2024, the FueLNG Bellina successfully bunkered the NYK Line PCTC Freesia Leader in Singapore, marking a momentous achievement in our journey towards sustainable energy solutions. Reflecting on our progress, it took us about 2.5 years to achieve the first 100 STS LNG bunkering operation. We have now completed another 50 operations in 5 months, underscoring the exponential growth and burgeoning demand for LNG bunkering in Singapore. LNG is the lowest carbon marine fuel available at scale today and holds a key to achieving the industry’s collective goal of net-zero emissions by 2050, with pathways such as bio-LNG and e-LNG, we are not only reducing CO2 emissions today but also paving the way for a more sustainable maritime industry. None of this would have been possible without the support of our esteemed customers, the Maritime and Port Authority of Singapore (MPA), and our shareholders, Seatrium and Shell Singapore. Your trust and partnership have been instrumental in propelling us towards this milestone. As we celebrate this achievement, let us reaffirm our commitment to driving positive change. Here's to many more successful bunkering operations ahead! #ShippingDecarbonization #LNGbunkering #NetZero2050 

Strategic Move in the LNG Sector 🌍 Exciting developments in the LNG shipping market! George Procopiou-backed Pure Energy has successfully signed a $1.1 billion sale-and-leaseback agreement with China's CMB Financial Leasing for five state-of-the-art 200,000-cbm LNG carriers. 🚢💼 These vessels, originally contracted by Dynagas and constructed at HD Hyundai Heavy Industries, represent a significant milestone in the LNG sector, ensuring long-term charters and advancing the industry's ability to meet global energy demands sustainably. The growing emphasis on LNG as a cleaner energy source continues to drive innovative solutions and strategic partnerships like this one. This is a reminder of how critical collaboration and forward-thinking are in shaping the future of energy logistics. 🌱⚡ Looking forward to seeing how this deal unfolds and impacts the industry. Thoughts on how sale-and-leaseback models are influencing the maritime sector? Let’s discuss! #LNGShipping #MaritimeInnovation #EnergyLogistics #Sustainability Source: Tradewinds

Cheap LNG is fuelling the LNG bunkering market as more ships with dual fuel engine are being delivered. It took FueLNG Private Limited 30 mths to reach 100 LNG bunkering operations, but it only took them 5 months to reach the next 50. Spot Asian LNG, JKM, is currently quoted at $9.8/MMbtu or ~$57 BOE while LNG bunkering price in Singapore is quoted by S&P Global at $12.8/MMbtu - a lot cheaper than marine diesel and it also comes with improved environmental credentials both less CO2, but even more so when it comes to air pollution (PMx). #lng #shipping #maritime #naturalgas #gas #oil #bunkering #oilgas #energy #freight