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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
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