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Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
 PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bunker vessel design.
With the signing of this MOU, PaxOcean will focus on developing designs for ammonia-fueled and ammonia bunkering vessels, leveraging its deep technological capabilities and expertise.
Bureau Veritas will verify compliance with the most applicable and up-to-date rules, particularly those related to the handling of ammonia, drawing on BV’s expertise in ammonia carriage and operations, and previous technical studies on ammonia as a fuel.
Hong Lam Marine’s role is to provide input specific to operational data, and to support and validate the suitability of the ship design for commercial operations. The MOU will foster innovation in smart and autonomous ship technologies, and support the use of green ammonia as a sustainable fuel to help decarbonise global shipping.
The Maritime and Port Authority of Singapore (MPA) welcomes the formation of a strong partnership among industry partners to develop, trial and test-bed new designs and innovative technologies needed to accelerate the transition to a clean economy.
Ms Quah Ley Hoon, Chief Executive of MPA said: “I congratulate the collaboration between Bureau Veritas, PaxOcean Engineering and Hong Lam Marine to study the design of bunkering vessels with alternate future fuels such as ammonia. As a major bunkering hub, this forward-looking collaboration aligns with our maritime decarbonization efforts to be ready for a multi-fuel bunkering transition to support the future of International shipping.”
Mr Tan Thai Yong, Chief Executive Officer of PaxOcean said: “It brings me great pleasure to share that we are adding a new fuel segment into our R&D focus by co-creating ammonia-based vessel solutions with forward looking and responsible companies like Hong Lam Marine and Bureau Veritas. We look forward to a long and fruitful partnership with Hong Lam Marine and Bureau Veritas, founded upon our complementary strengths in a push to accelerate the development of ammonia bunkering in Singapore.”
Ms Caroline Yang, Chief Executive of Hong Lam Marine Pte Ltd said: “We are pleased to be participating in the project in partnership with highly respected establishments and experts in the era of decarbonisation and sustainability in the Singapore marine fuel industry and beyond.
Together, we look forward to contributing to the development and design of the ammonia bunker vessel as we focus on our long-term social and environmental responsibilities.”
Mr David Barrow, Vice President, South Asia Zone of Bureau Veritas Marine & Offshore said: “Ammonia has great potential as a zero-carbon marine fuel and can play a significant role to help shipping reach its decarbonisation goals, but to fulfil this potential, more work is needed to overcome the safety and operational challenges. These challenges can be overcome through cross-industry collaboration, and we are very pleased to be working with PaxOcean and Hong Lam Marine to develop an ammonia bunker vessel design that de-risks ammonia as a marine fuel.”
Source: Bureau Veritas
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Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
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- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- The University of Queensland
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
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