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Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
 GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a major maritime client since the company opened its Singapore office.
MV Frontier Explorer was refuelled with biofuel in a blend with VLSFO during its port call to Singapore on 5 July, en route from Australia to India.
The delivery was the first to be managed under GoodFuels’ partnership with ITOCHU, which was announced in May. ITOCHU was responsible for logistics, blending and distribution of the biofuel blend, whilst GoodFuels handled sourcing, technical expertise, and sales, including working closely with NYK’s technical and commercial team. GoodFuels also worked with a licensed bunker supplier to carry out the bunkering.
The bunkering comes as a significant milestone for GoodFuels, with the organisation quick off the mark in Asia Pacific to respond to growing demand for low carbon marine fuels. It proves the resilience and robustness of GoodFuels’ recently created biofuel supply chain in Singapore, positioning the company to supply its clients in multiple locations and accept more orders for sustainable marine biofuel in the near future.
It also marks the next evolution in GoodFuels’ growing relationship with NYK. GoodFuels first supplied an NYK-owned vessel with biofuel in January 2019 in Rotterdam.
Speaking on the announcement, Jing Xieng JX Han, General Manager, GoodFuels Asia Pacific, said: “It’s important to underline just how significant this first refueling with NYK is for GoodFuels’ presence in Asia. Just a few months after commencing operations in Singapore, and hot on the heels of our recent agreement with ITOCHU, we are proving to the market that we are ready to supply our sustainable biofuels solutions to meet growing demand in the region.”
“NYK is a valued and long-term partner for GoodFuels and today’s announcement once again underlines our ability to work quickly and flexibly with many parties to make sure a bio-bunkering happens, from sales through to supply.”
“We anticipate that demand for sustainable marine biofuels will continue to grow in Asia, particularly as the global efforts to decarbonise shipping intensify. At GoodFuels, we are committed to playing a significant role in accelerating the energy transition in the transport sector. We will work hard to source new sustainable feedstocks and ramp up our sources of supply in Asia, ensuring that we built a robust and responsive organisation that can enable shipowners to make a tangible and immediate impact on their emissions.”
Yusuke Niizuma, Manager Global Mineral Resources Group at NYK LINE added: “We are excited to continue our collaboration with GoodFuels, following our mutual ambition to reduce greenhouse gases (“GHG”) emitted from ships by oceangoing shipping around the world. In March this year, NYK released the updated “NYK Group ESG Story 2022”. In the process of achieving the long-term target of net-zero emissions of GHG by 2050, continuously increasing biofuel usage within the group’s fleet is one of our ESG activities.”
GoodFuels’ partnership with ITOCHU, which saw the companies agree to cooperate on providing access to sustainable marine biofuels in all Singaporean territorial waters, waterways, and harbours, will also see both organisations work together to scale up supply of sustainable marine biofuel in Asia Pacific by identifying potential feedstocks.
Ted Tanaka, Managing Director of ITOCHU Petroleum Singapore, the flagship energy trading arm of ITOCHU Corporation, said: “I am very pleased to see the supply of biofuel to NYK. This delivery demonstrates to our customers and the industry our ability to supply the biofuel in Singapore shortly after the formation of strategic partnership with GoodFuels. Together with GoodFuels, we will continue meeting our customers’ needs for low carbon fuels.”
All the types of feedstocks that GoodFuels uses to produce its biofuels are assessed by an independent sustainability board to validate their sustainability credentials. To ensure that feedstocks are 100% waste or residues and cannot be used for food and feed, all GoodFuels’ biofuels gain International Sustainability & Carbon Certification (ISCC).
Source: Good Fuels
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Thursday, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
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- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
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