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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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
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