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Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
 GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office.
MV Frontier Explorer was refuelled with biofuel in a blend with VLSFO during its port call to Singapore on 5 July, en route from Australia to India.
The delivery was the first to be managed under GoodFuels’ partnership with ITOCHU, which was announced in May. ITOCHU was responsible for logistics, blending and distribution of the biofuel blend, whilst GoodFuels handled sourcing, technical expertise, and sales, including working closely with NYK’s technical and commercial team. GoodFuels also worked with a licensed bunker supplier to carry out the bunkering.
The bunkering comes as a significant milestone for GoodFuels, with the organisation quick off the mark in Asia Pacific to respond to growing demand for low carbon marine fuels. It proves the resilience and robustness of GoodFuels’ recently created biofuel supply chain in Singapore, positioning the company to supply its clients in multiple locations and accept more orders for sustainable marine biofuel in the near future.
It also marks the next evolution in GoodFuels’ growing relationship with NYK. GoodFuels first supplied an NYK-owned vessel with biofuel in January 2019 in Rotterdam.
Speaking on the announcement, Jing Xieng JX Han, General Manager, GoodFuels Asia Pacific, said: “It’s important to underline just how significant this first refueling with NYK is for GoodFuels’ presence in Asia. Just a few months after commencing operations in Singapore, and hot on the heels of our recent agreement with ITOCHU, we are proving to the market that we are ready to supply our sustainable biofuels solutions to meet growing demand in the region.”
“NYK is a valued and long-term partner for GoodFuels and today’s announcement once again underlines our ability to work quickly and flexibly with many parties to make sure a bio-bunkering happens, from sales through to supply.”
“We anticipate that demand for sustainable marine biofuels will continue to grow in Asia, particularly as the global efforts to decarbonise shipping intensify. At GoodFuels, we are committed to playing a significant role in accelerating the energy transition in the transport sector. We will work hard to source new sustainable feedstocks and ramp up our sources of supply in Asia, ensuring that we built a robust and responsive organisation that can enable shipowners to make a tangible and immediate impact on their emissions.”
Yusuke Niizuma, Manager Global Mineral Resources Group at NYK LINE added: “We are excited to continue our collaboration with GoodFuels, following our mutual ambition to reduce greenhouse gases (“GHG”) emitted from ships by oceangoing shipping around the world. In March this year, NYK released the updated “NYK Group ESG Story 2022”. In the process of achieving the long-term target of net-zero emissions of GHG by 2050, continuously increasing biofuel usage within the group’s fleet is one of our ESG activities.”
GoodFuels’ partnership with ITOCHU, which saw the companies agree to cooperate on providing access to sustainable marine biofuels in all Singaporean territorial waters, waterways, and harbours, will also see both organisations work together to scale up supply of sustainable marine biofuel in Asia Pacific by identifying potential feedstocks.
Ted Tanaka, Managing Director of ITOCHU Petroleum Singapore, the flagship energy trading arm of ITOCHU Corporation, said: “I am very pleased to see the supply of biofuel to NYK. This delivery demonstrates to our customers and the industry our ability to supply the biofuel in Singapore shortly after the formation of strategic partnership with GoodFuels. Together with GoodFuels, we will continue meeting our customers’ needs for low carbon fuels.”
All the types of feedstocks that GoodFuels uses to produce its biofuels are assessed by an independent sustainability board to validate their sustainability credentials. To ensure that feedstocks are 100% waste or residues and cannot be used for food and feed, all GoodFuels’ biofuels gain International Sustainability & Carbon Certification (ISCC).
Source: Good Fuels
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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Showing 41 to 45 news of total 6871 |
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- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- The University of Queensland
- Parry Sugars Refinery, India
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