• 2021 June 14 11:57

    Trafigura joins cross industry study into the adoption of green ammonia as an alternative marine fuel

    Trafigura Group Pte Ltd (“Trafigura” or the “Group”), one of the world’s leading independent commodity trading companies, has joined a further 22 companies in a cross-industry study into the adoption of green ammonia as an alternative marine fuel.

    The early adoption of zero emission alternative fuels such as green ammonia is an important pre-requisite to decarbonising the global shipping industry – a hard-to-abate industry that is vital to global trade, but contributes around three percent of global greenhouse gas emissions.

    The Joint Study framework, led by ITOCHU, has attracted companies representing the bunkering, chemical, energy, power and utilities, mining, manufacturing, shipping and shipbuilding and terminal industries, as well as classification societies, who have a common interest in understanding the challenges of adopting green ammonia.

    The founding signatories of the Joint Study framework are: ABS; Anglo American; ClassNK; DNV; Equinor; Fortescue Metals Group; Genco Shipping & Trading; ITOCHU ENEX; ITOCHU; JERA;
    K Line; MAN Energy Solutions; Mitsui E&S Machinery; Nihon Shipyard; NS United; Pavilion Energy; TotalEnergies; Trafigura; UBE INDUSTRIES; Uniper SE, Uyeno Transtech; Vale and Vopak Terminal Singapore.  Further companies and organisations have been invited to join the Joint Study.

    “We are committed to the cross-industry collaboration that is urgently needed to bring forward the low- and zero-carbon fuels and technologies that will enable the maritime energy to decarbonise,” said Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura. “We welcome today’s announcement of a joint study of green ammonia as an alternative marine fuel, as well as the development of ammonia-fuelled ships and the worldwide supply chain of ammonia that is being led by ITOCHU. We plan to be an active participant in the study.”

    “Ammonia is already a globally traded and transported commodity, but for it to be widely accepted as a marine fuel we need to help demystify the risks and safety measures needed so that they are understood by policymakers and the maritime industry,” said Rasmus Bach Nielsen, Global Head of Fuel Decarbonisation for Trafigura. “This initiative is much needed.”

    Common issues that will be considered during the Joint Study include a safety assessment of green ammonia as a maritime fuel including during bunkering operations, the specifications of green ammonia and the production of ammonia with net zero CO2 emissions. The framework may also ask some ammonia producers, relevant international organizations, port authorities and regulators in potential bunkering countries to share their opinions, views, expertise and experience.

    The purpose of the Joint Study is not limited to identifying common issues around the adoption of green ammonia as an alternative marine fuel, but also the key elements closely linked to this including the development of ammonia-fuelled ship and the development of the worldwide supply chain of ammonia by ITOCHU and the other cross-industry participants.

    About Trafigura
    Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division.

    The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management.

    With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.




2021 August 4

18:27 CTRL Marine Solutions announce their acquisition by Campbell Johnston Clark
18:07 IMCA signs Gulf of Guinea Declaration on the Suppression of Piracy
17:46 Shipyard OKA launches the Alexander Ivanov, ninth dry cargo ship of RSD59 series
17:36 PSA & Samudera strengthen strategic partnership in cargo solutions and logistics
17:16 KMZ supplied water jet ejectors for a new small sea tanker of project 03182
17:15 Iridium announces partnership with Canadian Coast Guard
16:20 Port of Tanjung Pelepas jumps to 15th in world ranking
16:05 DNV and Nakilat JDP works to improve vessel software reliability and quality
15:41 Kawasaki Heavy Industries, Yanmar Power Technology and Japan Engine Corporation establish a new company HyEng Corporation
15:36 Akhtarskaya Shipyard launches RS "Chernomorets"
15:27 Registration to Development of Icebreaking and Support Fleet Int'l Conference still underway
14:43 KhMAO-Yugra to take delivery of Meteor 120R hydrofoil duo in 2021-2022
14:11 ClassNK grants its first DSS notation for 211,000DWT bulk carrier “DREAM CLOVER”
13:59 ”K” LINE and Chubu Electric Power commence joint development agreement for tidal energy project in Canada
13:40 Vostochnaya Verf completed shipyard's sea trials of the Okhotsk
12:06 LORP fleet carried 670 000 tonnes of cargo since the start of this year shipping season
11:09 Western Australia looks to implementing stricter controls
10:09 Konecranes adds Wire Rope Monitoring to TRUCONNECT portfolio
09:59 Crude oil prices edging down on coronavirus-related restrictions
09:53 Baltic Dry Index as of Aug 3
09:29 Inland waterways Azov-Don basin’s seven-month cargo volume edges up 1%
09:21 ICTSI Honduras, Big Creek Terminals ink mutual benefit pact
08:21 MABUX: Global bunker prices may continue slight downward trend on Aug 04

2021 August 3

18:17 Iridium Connected® Viettel S-Tracking Vessel Monitoring System wins Top 10 Sao Khuê Award
17:59 Lead passenger ship Meteor 120R of new generation launched in the Nizhny Novgorod Region
17:25 A subsidiary of KCC has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market
16:47 Petersburg Oil Terminal obtains permit for construction of its new handling facility
16:24 Nigerian Chamber of Shipping becomes full ICS member
15:22 Vard delivers “Le Commandant Charcot” to Ponant
15:00 Bunker sales at Vladivostok port in 7M’2021 fell by 30% YoY
14:41 Construction of new facilities to commence at Onezhsky Shipyard in autumn 2021 года
14:23 CMA CGM announces PSS for cargo bound for East Russia
13:42 The Panama Canal resumes seasonal measures to protect migrating marine life
13:12 CMA CGM announces THC for Novorossiysk, Russia import/export
12:57 ABP’s Ports of Ipswich and Ayr enable wheat cargo to be shipped more sustainably
12:22 Wärtsilä to provide efficient service support for Brazilian river tugs despite challenging operating conditions
11:59 MOL to build series of 4 LNG-fueled car carriers
11:58 FESCO starts seasonal delivery of cargo from ports of China and the United States to Chukotka
11:36 Finnlines announces adjustment of bunker surcharge in its own container traffic
10:54 Baltiysky Zavod shipyard casts third one-piece propeller for Project MR-50 product tankers
10:30 Tallink Grupp published its statistics for July 2021
10:09 Maersk raises full-year guidance
09:57 Oil prices decrease amid coronavirus related restrictions
09:41 Baltic Dry Index as of August 2
09:23 Yaroslavsky Shipyard launches non-self-propelled dredging ship of Project RDB 66.42М
09:08 Japan’s Ministry of Internal Affairs and Communications gives the green light to Iridium services
08:58 MABUX: Global bunker prices may drop on Aug 03 following sharp decline on crude market yesterday
08:09 The largest water-rail intermodal terminal of the Yangtze River starts operations

2021 August 2

19:09 Seven dredging ships deployed for operation on Sea Canal in the Gulf of Ob
18:35 LR unveils key appointment for its Maritime Performance Services business
17:54 CMA CGM announces PSS for cargo from the Middle East Gulf to North Europe, Scandinavia, Poland, Baltic, West Med & Adriatic, East Med, Black Sea, North Africa & Morocco
17:46 LUKOIL announces new oil finding in Sayulita prospecting area of Block 10 offshore Mexico
17:30 CMA CGM has announced PSS for cargo from India to North Europe & the Mediterranean
17:28 CMA CGM announces PSS for cargo from North Europe, UK, Scandinavia, Poland & North Spain to Colombia Atlantic & Dominican Republic
17:27 Large hydrographic survey vessel of Project 23370G, Grigory Shadrin, launched in Murmansk
17:23 CMA CGM to launch a new Express Shuttle service linking East Asia to Russian Far East
17:05 Sri Lanka Ports Authority successfully reworks leaked chemical container on board
16:54 Rhenus Group plans to acquire the Polish freight forwarding and logistics company C. Hartwig
16:30 Sea Port of Saint-Petersburg enhanced its environmental safety
16:03 Maersk’s digital logistics platform Twill increases its presence in Gdansk