FPS Appoints Koedood Marine Group To Supply Complete PEM Fuel Cell System

FPS Appoints Koedood Marine Group To Supply Complete PEM Fuel Cell System, says an article on their website.

To supply complete PEM fuel cell system

Future Proof Shipping (FPS) is pleased to officially appoint Koedood Marine Group as their chosen supplier for the provision of a complete PEM Fuel Cell system to retrofit their inland container vessel the Maas to hydrogen power. The system supplied by Koedood will comprise fuel cell stacks and technology from Nedstack fuel cell technology.

The...

https://mfame.guru/fps-appoints-koedood-marine-group-to-supply-complete-pem-fuel-cell-system/

Crude Oil Trade Slow in Asian Market

  • Crude oil futures slipped during midmorning trade in Asia June 10 on the back of a large build in US product inventories.
  • It is cast a shadow of doubt on the optimism surrounding summer driving demand in the region.
  • The ICE August Brent futures contract was down 65 cents/b (0.90%) from the previous settle at $71.57/b.\
  • While the NYMEX July light sweet crude contract was down 61 cents/b (0.87%) at $69.35/b.

A recent Platts news source by Reetika Porwal implies that crude oil futures dip on...

https://mfame.guru/crude-oil-trade-slow-in-asian-market/

Vitol Bunkers Unveils Green Bunker Fuels Offering

  • Vitol Bunkers announces the launch of Green Bunker Fuels.
  • It is for customers looking to mitigate their carbon emissions

Vitol Bunkers announces the launch of Green Bunker Fuels for customers looking to mitigate their carbon emissions, says a press release published by Vitol.

Vitol Bunkers Offering

Vitol Bunkers customers will be offered the opportunity to cancel emissions associated with any given cargo through the overlay of Verified Emissions Reductions (VERs). The VERs will conform to the...

https://mfame.guru/vitol-bunkers-unveils-green-bunker-fuels-offering/

Bunker Holding Eyes Alternative Bunkers

  • Marine fuels conglomerate Bunker Holding appears to be planning a significant move into the alternative bunkers space.
  • The company is seeking to hire a strong green profile to head our green transition.
  • The firm is looking for ‘an expert in green transitioning’ with knowledge of carbon offsets and insets, biofuel, ammonia or methanol.

A recent Ship and Bunker news source says that Bunker Holding Plans Wider Shift Into Alternative Bunkers.

World’s Leading bunkering company

“As the world’s leading...

https://mfame.guru/bunker-holding-eyes-alternative-bunkers/

China Bunkering To Hit Rocky Roads Amid Stricter COVID-19 Restrictions

  • Operational, crew change hurdles emerge
  • China bunkering volumes to suffer on demand switch
  • Singapore offers attractive fueling alternative

Many ports in China have recently implemented a slew of additional restrictions in a bid to curb the spread of the coronavirus as cases in a few Asian countries spike, creating an element of uncertainty and sparking fears of bunkering delays for maritime participants, reports Platts.

Strict restrictions for vessel bunkering

The stricter restrictions could...

https://mfame.guru/china-bunkering-to-hit-rocky-roads-amid-stricter-covid-19-restrictions/

Trafigura And Yara Sign Deal On Clean Ammonia MoU

Trafigura, one of the world’s leading independent commodity trading companies, and Yara, a leading global ammonia player, have signed a Memorandum of Understanding to collaborate on the development and promotion of the use of ammonia as a clean fuel in shipping, says in article published on their website.

Why this MoU?

Reducing shipping emissions is a vital component of the fight against global climate change, yet greenhouse gas emissions from the global maritime sector are increasing. The Fourth...

https://mfame.guru/trafigura-and-yara-sign-deal-on-clean-ammonia-mou/

Japan Working On Technology Innovation To Produce Methane

Japan is working on technology innovation to produce methane, seeking to expand the use of synthetic methane as the primary feedstock for domestic piped gas supplies and as a marine fuel Says a News Article Published On Argus Media on their Website.

Green Growth Strategy -Decarbonize by 2050

Premier Yoshihide Suga’s government yesterday drafted a revised “green growth strategy” aimed at meeting the country’s target to decarbonize by 2050. The strategy was originally released in December last year...

https://mfame.guru/japan-working-on-technology-innovation-to-produce-methane/

Techfast Enters Into Fuel Supply Deal With Wise Marine

Techfast Enters Into Fuel Supply Deal With Wise Marine, says an article on The Edge Markets.

To supply fuel

Techfast Holdings Bhd said it has entered into an agreement with Singapore-based Wise Marine Pte Ltd to supply up to 20,000 tonnes of fuel every month.

The supply agreement is effective for three years.

The total contract value for the supply was estimated at RM1.46bil, based on the current market prices, Techfast said in a filing today.

Under the deal, Techfast’s subsidiary will supply low...

https://mfame.guru/techfast-enters-into-fuel-supply-deal-with-wise-marine/

Key Indicators in the Asia Residual Fuel Market This Week

Singapore’s bunker suppliers said on May 31 they were expecting to see a slight recovery in demand for low sulfur fuel oil in June, as Singapore’s delivered prices have fallen back below those in the Chinese port of Zhoushan since mid-May, reports Platts.

“The segment of dry bulk vessels and tankers running fixed routes would at least make up the base demand,” a Singapore-based trader said.

“However, oversupply [of marine fuel 0.5%] in China remains a concern,” he added.
High sulfur fuel oil...

https://mfame.guru/key-indicators-in-the-asia-residual-fuel-market-this-week/

Chief Operating Officer(COO) of Sing Fuels’ Relocated To Dubai

Chief Operating Officer(COO) of Sing Fuels’ Relocated To Dubai says a press release published on their website.

Sing Fuels’ COO relocated

Singapore-based energy trading company Sing Fuels is pleased to announce that Chief Operating Officer, Satnam Singh, recently relocated to Dubai.

Satnam has numerous years of experience in commodities trading and his trading acumen in Bunkers has been pivotal in Sing Fuels’ growth. He has been the Director since 2012 & as COO, he strategizes business policies...

https://mfame.guru/chief-operating-officercoo-of-sing-fuels-relocated-to-dubai/

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