• 2024 April 18 12:11

    Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore

    The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (“KMG”), announced its plans to advance the maritime biofuel ecosystem in Singapore with up to S$10 million in investments. This partnership will be spearheaded by two of its Alliance members – Green COP and Ken Energy – which formalised a Memorandum of Understanding (MOU) at the Tech Stage (EXPO @SMW) at Singapore Maritime Week 2024, according to CSA's release.
     
    Over the next two years, the CSA aims to develop stable B30, B40 and B50 biofuel blends and achieve production and commercial adoption of up to 50% (B50), derived from 50% agri-waste to Biobutanol – a blend poised to significantly reduce carbon emissions in maritime operations.
     
    This process includes biofuel certification, commencing sea trials, building a production plant by 2025, and launching commercial-scale production by 2026. An initial S$500,000 angel investment has been secured for establishing a pilot plant for processing agri-waste, and over S$10 million is expected to be invested in scaling production capabilities.
     
    These efforts in decarbonising the maritime sector will contribute to the CSA’s efforts to build the next generation of Singapore’s coastal ecosystem and are timely to address the potential surge in demand for sustainable biofuels.
     
    Earlier in March 2024, Green COP signed an MOU agreement with 3Y Energy to develop and optimise green biofuel blends for the maritime and transportation sectors. Through this collaboration, Green COP will set up a pilot plant capable of processing a ton of biomass daily to produce sustainable fuels, while 3Y Energy will provide the innovative solutions in green fuel utilisation including biofuel blends.
     
    Introducing the B50 blend represents a significant advancement in reducing carbon emissions within the maritime industry. For every metric ton (mt) of B50 fuel burned, carbon emissions are reduced to 1.5 mt, a substantial improvement over the B30 blend, which reduces CO2 emissions to 2.1 mt per metric ton of fuel burned. Additionally, the production of Biobutanol, a key component of the B50 blend, is more energy-efficient and yields a higher volume of fuel compared to traditional methods used for producing Fatty Acid Methyl Ester (FAME). This enhances the sustainability of the fuel production process and supports the maritime sector’s transition to greener energy sources.
     
    This development follows closely on the heels of the Coastal Sustainability Alliance PXO Electric Fleet Signing & MOU Ceremony, held on April 12, 2024. The event marked a key CSA milestone— the commencement of construction of the largest locally designed, built, and deployed electric tug and supply boat. Scheduled for deployment by 2025, the PXO electric fleet represents a pivotal step in the CSA’s broader strategy to enhance sustainability within the industry. These vessels will operate with the new biofuel options as part of a comprehensive approach to reducing the maritime industry's carbon footprint.
     
    Furthermore, the event also welcomed nine new CSA members, expanding the alliance to 27 members from the initial seven companies when it was formed in March 2022. The new CSA members, representing diverse sectors such as finance, green energy, corporate and environmental consultancies, and maritime services, exemplify the growing support network for advancing Singapore’s maritime decarbonisation efforts.
     
    These new members - CIMC Energy Storage, DBS, Grant Thornton, Hanhwa Aerospace, KST Maritime, Marina Offshore, Paia Consulting, Siemens Energy, and Transport Capital – alongside the current members will be instrumental in propelling CSA’s next growth phase. This next phase will focus on green financing, ESG initiatives, vessel adoption, electrification, and technology enhancement for the coastal logistics ecosystem.




2024 May 27

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2024 May 26

15:16 Fincantieri is awarded contract from the US Navy for the fifth and sixth Constellation-class frigates
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2024 May 25

15:33 Bahri could be buyer of four VLCCs with $480 million
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2024 May 24

18:00 MSC resumes Far East – Baltimore service
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16:47 S. Korea slaps sanctions on 7 N. Koreans, 2 Russian ships for illegal trade with Russia
16:24 COSCO Shipping plans to build 120 ships worth $4.5 billion
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13:51 Kongsberg Maritime opens a new facility in Kochi, India
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11:40 The port of Piraeus receives permission to continue dredging from the State Council
11:05 Eastern Shipbuilding Group awarded contract to construct Fisher Island Ferry
10:49 Huangpu Wenchong receives contract for up to eight methanol-fuelled bulkers
10:28 Cadeler signs installation vessel reservation agreement for upcoming wind farm installation projects
09:58 ScanOcean launches renewable biodiesel fuel
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2024 May 23

18:00 Cadeler places order to build its third A-class vessel
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16:57 Hapag-Lloyd resumes CGX service between China, West Africa and Germany
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15:32 Inmarsat launches combined VSAT, LEO and LTE managed connectivity service
14:52 Dominican Republic, Oman and Saudi Arabia join the International Transport Forum
14:21 Canada’s TMX pipeline expansion to boost Asian crude oil trade
13:44 Norwegian Cruise Line expands its presence across Asia Pacific, Australia and New Zealand with over 30 new itineraries
13:21 Canadian Coast Guard issues $15,000 fine for a hazardous vessel
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11:03 Hapag-Lloyd upgrades sea shuttle service between Ukraine and Romania
10:30 Japanese companies complete the early stages of a cross-industry project to create a secure data exchange system between shipyards and shipowners
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2024 May 22

18:01 Sea-Intelligence: Avg. minimum transit time up 39% on Asia-MED
17:46 Kongsberg Maritime announces energy-efficient upgrade for Solstad’s Normand Sentinel
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16:59 Dataloy Systems launches groundbreaking widgets at Breakbulk Rotterdam
15:34 Pyxis Tankers announces JV agreement to acquire modern dry-bulk vessel
15:32 Vympel unveils two concepts of a universal dry bulk / container carrier of Project 00111 Belomorets
14:25 LR awards Approval in Principle to Seaspan Corporation for next generation feeder ship design
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13:22 HD Hyundai Marine Solution builds ship smartcare center in Busan
12:42 BBC Chartering takes delivery of first “LakerMax” newbuilding, MV BBC LEER
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11:58 Aker BP extends Deepsea Nordkapp firm contract to end 2026
11:20 Echandia secures an order for the delivery of battery systems to a Northern European ferry operator
10:43 Asso.subsea and Nexans join forces on historic Celtic Interconnector Project
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