Sign up
Log in Sign up
Fri 19 Aug 2022, 15:59 GMT

GoodFuels kickstarts biofuel deliveries in Singapore


Aims to secure new sustainable feedstock and expand supply sources in Asia.

The MV Frontier Explorer was refuelled with a biofuel blend in Singapore on July 5.
Image: GoodFuels

GoodFuels' Asia-Pacific branch has performed its first biofuel supply since the launch of its Singapore office.

Significance: It comes only a few months after commencing operations in the city-state and is the first delivery to be managed under GoodFuels' partnership agreement with ITOCHU, announced in May.

NYK's bulk carrier, the MV Frontier Explorer, was refuelled with a blend of biofuel and VLSFO during a port call to Singapore on July 5, en route from Australia to India.

  • GoodFuels handled sourcing, technical expertise, and sales, including working closely with NYK's technical and commercial team. It also collaborated with a local bunker supplier to carry out the bunkering.
  • ITOCHU, meanwhile, was responsible for logistics, blending and distribution of the biofuel blend.

Jing Xieng JX Han, GoodFuels' General Manager for the APAC region, highlighted how the milestone NYK delivery had been carried out only a few months after launching commercial operations in Singapore and signing an accord with ITOCHU.

  • "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," Han remarked.
  • GoodFuels expects biofuel demand growth to continue, Han said, adding that the company would work hard to secure new sustainable feedstock and expand its sources of supply in Asia.

GoodFuels' partnership with ITOCHU, which saw the companies agree to cooperate on providing marine biofuels in all Singaporean waters, will also see them work together to scale up the supply of biofuel in Asia Pacific by identifying potential feedstock.

  • According to GoodFuels, all the feedstock used to produce its biofuel gains International Sustainability & Carbon Certification (ISCC) and is assessed by an independent sustainability board to validate its sustainability credentials and ensure that feedstock is 100% waste or residues and cannot be used for food or feed.

Illustration of balance scale with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.
Xinfu124 ultra-large LNG carrier. Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.
Østensjø Rederi newbuild tug render. Østensjø Rederi orders methanol-ready tug from Spanish shipyard  

Norwegian operator contracts Astilleros Gondán for vessel with diesel-electric hybrid propulsion system.
Bound4blue worker in safety gear. Bound4blue establishes China production base for wind propulsion systems  

Spanish wind propulsion firm targets Asian shipbuilding market with outsourced manufacturing network.
Alfa Laval and Hanwha Ocean Ecotech sign MoU. Alfa Laval and Hanwha Ocean Ecotech partner on ammonia fuel systems  

Collaboration aims to develop ammonia fuel technology for dual-fuel vessels in the Asian market.
Meg Dowling, Lloyd's Register. Nuclear-powered boxships could deliver $68m annual savings: Lloyd's Register  

Small modular reactors could eliminate fuel costs and carbon penalties while boosting cargo capacity, says report.
Minerva Bunkering and Autoridad Portuaria de Las Palmas (APLP) signing ceremony. Minerva Bunkering extends Las Palmas terminal concession by 15 years  

Bunker supplier adds barge capacity and explores new terminal for energy transition fuels.
Liam Blackmore, Lloyd's Register. Ammonia Energy Association releases gas detection whitepaper with Lloyd's Register input  

Lloyd's Register contributed expertise to new guidance on ammonia detection systems for the maritime sector.




 Recommended