• 2021 May 6 16:17

    Puget LNG and GAC Bunker Fuels join forces to supply LNG marine fuel by barge from the Port of Tacoma

    Puget LNG, LLC (‘Puget LNG’) and GAC Bunker Fuels Limited (‘GAC Bunker Fuels’) have signed a Memorandum of Understanding to cooperate in the supply and sale of clean-burning LNG marine fuel from Puget LNG’s terminal to GAC’s customers in the Pacific Northwest, GAC said in a press release.

    When the Tacoma LNG Terminal becomes operational in the second quarter of 2021, it will be the first such terminal on North America’s west coast providing direct shoreside loading access for a bunker barge.

    A DNV GL study commissioned by Puget LNG on the feasibility of a bunker barge to supply LNG as fuel to ships in the Puget Sound area concluded that the availability and cost of natural gas, especially in North America, has made the use of LNG an attractive solution for ship operators to comply with air emissions regulations. A growing orderbook for LNG-fueled vessels has underlined the need to develop LNG supply infrastructure in all major shipping ports and regions, including the Pacific Northwest.

    “Partnering with GAC Bunker Fuels is another way Puget LNG is working to create a clean energy future for all as its sister company, Puget Sound Energy, has set an aspirational goal to be a Beyond Net Zero Carbon company by 2045,” said Blake Littauer Puget LNG Director. “PSE is targeting to reduce its own carbon emissions to net zero and go beyond by helping other sectors enable carbon reduction across the state.”

    GAC Bunker Fuels, a division of the Dubai-based GAC Group, will issue a Request for Proposal (“RFP”) for a Jones Act-compliant LNG bunker barge to be constructed, owned, and operated by a third party. The barge would have the flexibility in size and design to serve multiple shipping customers and is expected to be operational in 2023. Loading from Puget LNG’s terminal in Tacoma, the barge will be able to bunker vessels in port. GAC will extend credit terms to shipping companies that purchase fuel on both contract and spot basis.

    Nicholas Browne, GAC Bunker Fuels’ Global Director, says: “This exciting foray into the Pacific Northwest with Puget LNG is the latest expansion of our footprint in the U.S., adding to GAC’s growing LNG fuel portfolio.”

    GAC Bunker Fuels secured a deal to supply LNG as a marine fuel last year, having provided brokerage and ship agency services to the ‘Fure Ven’ which was the first non-U.S. flagged vessel to receive LNG in a U.S. port. The company also entered into a Heads of Agreement with Houston-based Pilot LNG for LNG marine fuel to be delivered ex-ship for its customers in the ports of Houston, Texas City, Galveston and Galveston Offshore Lightering Area.

    “We have less than ten years to meet the greenhouse gas reduction targets set by the International Maritime Organization for 2030,” adds Nicholas. “Right now, LNG is the alternative fuel with the greatest potential and biggest following. GAC Bunker Fuels can help our customers and suppliers meet these targets by providing them with cleaner, cost-effective marine fuels like LNG. This dovetails with our own sustainability strategy, which we are pursuing with fervor and commitment.”

    GAC Bunker Fuels is the world’s only bunkering company with an integrated ISO 9001, 14001 and 45001 certification for bunker procurement which also covers LNG as a marine fuel.




2021 June 13

10:56 Saipem: Inauguration of Saipem Guyana offshore construction facility in Georgetown

2021 June 12

16:09 Fred. Olsen Cruise Lines unveils brand new sailings aboard new ships Bolette and Borealis in 2022
14:21 "Blowdown" to reduce risk and raise decommissioning progress
13:42 Roambee announces a strategic investment from and partnership with PSA unboXed
13:19 Belfast Harbour awards £25,000 to community projects
12:41 Maurice GEORGES named as new Chair of the Executive Board of Dunkerque-Port
11:38 AIDA Cruises resumes holiday voyages from July 29, 2021
10:52 OptiLink: A digital revolution in ballast water management

2021 June 11

18:07 LNG consumption as a marine fuel has almost doubled in 2020
17:31 Hapag-Lloyd to provide full transparency on vessel arrivals
17:09 MOL joins international think tank and accelerate development for carbon capture, utilization and storage
16:58 GTT obtains tank design order for two new LNG carriers from Samsung Heavy Industries
16:52 Shipping industry welcomes Nigeria’s creation of ‘Deep Blue’ to stamp out piracy in the Gulf of Guinea
16:24 Stena Line will move its Europoort-Killingholme service to Immingham
16:00 Yantar shipyard to build rescue ship of Project MPSV06M for Marine Recue Service
15:36 Sea Port of Saint-Petersburg hosts introductory practical training for students
15:13 The Port of Rotterdam Authority, Customs, Fresh Produce Centre and Portbase join forces to facilitate the growth market of refrigerated products
14:25 Seanergy takes delivery of two Capesize vessels with prompt commencement of period charters
13:51 Total throughput at the ports of Bremen increases once again during Q1 4 June 2021
13:32 Roman Gorgutsa appointed as General Director of Morstroytechnology
13:28 Mitsui E&S Machinery and 22 industry players kick off studying ammonia as an alternative marine fuel
13:04 MOL and ACSL use flying drone to conduct autonomous inspection of vessel holds under non GNSS and dark environment
12:49 Port of Los Angeles becames the first port in the Western Hemisphere to process 10 million container units in a 12‑month period
12:38 Oboronlogistics receives RS certificate on safety management of cargo ship Sparta
12:14 CNES and CMA CGM sign unique partnership agreement to spawn innovative solutions for shipping, logistics and the space industry
12:01 APM Terminals continues roll-out of digital export processing at Russian terminals
11:57 Russian Railways: Loading of export cargo bound for domestic ports grew by 8% in 5M’21
11:34 RS and GTT sign new cooperation agreement
11:33 Xeneta selects CLIVE Data Services’ ‘dynamic loadfactor’ data and analyses to deliver complete air cargo market intelligence
11:11 Stagnation in R&D investment creating unacceptable risk for industry zero emissions future - ICS
10:50 Throughput of port Riga (Latvia) in 5M’2021 dropped by 15.1%
10:29 Rosneft agrees heads of terms to sell a stake in the Vostok Oil Project to a consortium of Vitol and Mercantile & Maritime
10:08 DRAX and Mitsubishi Heavy Industries sign pioneering deal towards delivery of the world’s largest negative emissions project
09:52 Throughput of Russian seaports in 5M’2021 fell by 2.7% Y-o-Y
09:40 Oil prices continue decreasing
09:23 Baltic Dry Index as of June 10
09:16 MABUX: Global bunker prices may rise slightly on June 11.
09:04 The port of Rotterdam Authority intends to build brand new port information centre
08:02 Rolls-Royce to showcase future South Korean naval power and propulsion

2021 June 10

18:45 Equinor sells its refining business in Denmark to Klesch
18:25 Rolls-Royce builds new fuel cell demonstrator to ensure electricity supplies
18:05 DNV predicts that marine finfish production in deeper waters offshore will take a 13% market share in 2050
18:00 Comprehensive programme on development of Yamal resource potential to be developed by October 2021
17:51 Contract awards for PSVs in UK
17:50 BC Ferries' fourth Island Class ferry departs Romania on Transatlantic voyage bound for B.C.
17:35 Pilbara Ports Authority posts results for May 2021
17:09 Ministry of Industry and Trade renews import substitution programme with a focus on production of components
17:00 MABUX: Bunker Weekly Outlook, Week 23, 2021
16:45 P&O Ferrymasters builds new 10,000m2 warehouse at Genk to offer port-centric logistics solutions
16:35 Kalmar enters into Strategic Cooperation with Sichuan Port and Shipping Investment Group in China
16:15 Fincantieri to provide 8 vessels to Indonesia
15:52 Adriatic Gate terminal marks 10th year with 2M TEU milestone
15:31 Fincantieri to support Daewoo in the design of the new Korean aircraft carriers
15:13 Construction kicks off on world’s first zero-emission fast ferry
14:55 RF Navy’s Pacific Fleet conducts operational exercise in the central Pacific
14:09 5th Annual Capital Link Cyprus Shipping Forum to be held on June 17, 2021
13:32 Rosmorport pilots perform test pilotage operation for a vessel with extended dimensions
12:53 SCF’s stock market debut commended by Marine Money
12:31 Wärtsilä’s Sea traffic management system increases safety and efficiency of shipping on Croatian waters
12:24 Multipurpose Reloading Complex boosts expenses for implementation of its environmental programme