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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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Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
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- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
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