The H2Global Foundation and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a Memorandum of Understanding (MoU) to explore the use of market-based instruments, such as double-sided auctions for hydrogen-based fuels, to accelerate decarbonisation in the shipping sector. The MoU was signed by Markus Exenberger, CEO of the H2Global Foundation, and Pernille Dahlgaard, Chief Impact Officer of the Center, and was described as reflecting the Parties’ shared view on the decarbonisation potential of market-based instruments. Under the MoU, the two organisations intend to support work on topics such as evaluating the feasibility of double-sided auctions for fuels […]

South Korea refiner S-Oil is reported to have launched supply of a B30 very low sulphur fuel oil (VLSFO) at the country’s largest port, Ulsan. The product launch was widely reported today (22 July) by local media. According to the AJP news agency, S-Oil produces VLSFO at its Onsan facility and combines it with biofuel from a nearby production plant. The Port of Ulsan is building its position as a hub for biofuel bunkers, with the car carrier segment supporting demand for the product. AJP reported an S-Oil company official as saying: ‘In the biofuel-blended marine fuel market, competitiveness rests […]

Vard has been contracted by the British maritime safety and welfare organisation Trinity House to deliver two multi-function buoy and lighthouse maintenance vessels that are ‘designed with the capability for conversion to methanol fuel’. In a statement issued today (22 July), Vard said that the vessels will also feature a hybrid propulsion system and be capable of operating fully on battery power while alongside. Vard added that the vessels will replace Trinity House’s ‘ageing’ THV Patricia and THV Galatea. Damien Oliver, Trinity House’s Senior Responsible Owner for the Futures Afloat ship replacement programme, said: ‘We are delighted to be partnering with Vard to […]