Nippon Yuka Kogyo Co., Ltd., a subsidiary of the NYK Group, has launched BioxiGuard, Japan’s first antioxidant for marine biodiesel fuel. Available from August 10, this innovation enhances oxidative stability, reducing degradation by 50%. This development supports the maritime industry’s shift toward sustainable biofuels, improving efficiency and safety in operations.
NYK has launched a biofuel test run on its coal carrier, the Noshiro Maru, for Tohoku Electric Power Co., Inc. This pioneering move in Japan showcases a commitment to sustainable fuel options in the maritime industry. The collaboration with Mitsubishi Corporation Energy Co., Ltd. highlights the potential for biofuels in reducing carbon emissions.
The World Maritime University (WMU) has launched a ‘train-the-trainer’ program focusing on educating individuals about alternative fuels in the shipping industry, such as ammonia, methanol, and hydrogen. This initiative aims to equip professionals with the necessary knowledge and skills to adapt to the changing landscape of maritime fuel options, promoting sustainability and innovation in the industry.
The Global Centre for Maritime Decarbonisation (GCMD) has developed a new technique to create a fingerprint for Fatty Acid Methyl Esters (FAME) biofuels, allowing the origins of the fuel’s feedstock to be determined. This method aims to address concerns about the authenticity and sustainability of biofuels in the shipping industry.
Mercantile & Maritime Group is expanding its MENA Terminals in Fujairah, UAE, to create the Middle East’s largest biofuel processing plant valued at AED 2.2 billion. This project aligns with the UAE’s goal of leading in green energy initiatives, producing 150 million liters of sustainable aviation fuel annually by 2026.
Classification society DNV recently acknowledged Wallenius Wilhelmsen’s use of 100% biofuel on a recent journey with its inaugural Biofuel Insetting Verification Statement. This recognition at the SMM trade fair marks a significant step towards sustainable shipping, allowing companies to reduce their carbon footprint through investments in emissions reduction projects.
TotalEnergies makes history with the first 100% biofuel shipment for ships in Singapore, showing dedication to lower-carbon marine fuels. As global demand for alternative bunker fuels rises, TotalEnergies’ B100 biofuel, sourced from used cooking oil, offers a promising solution to reduce emissions. With Singapore’s booming port, the future of marine biofuels looks bright.
A six-month trial is underway to study the cost and impact of long-term continuous use of biofuels on large vessels. Japan’s NYK is partnering with the Global Centre for Maritime Decarbonization to support biofuel adoption in the shipping industry. The trial will evaluate challenges like corrosion and maintenance costs to establish industry guidelines.
Holland America Line’s flagship cruise ship, Rotterdam, is testing 100 percent low carbon intensity biofuel in Norwegian fjords. Carnival Corporation’s series of tests with biofuels on Holland America and AIDA ships is a step towards reducing greenhouse gas emissions in the maritime industry. The success of these tests is paving the way for more sustainable practices in cruising.
Premiums for spot shipping biofuels have fallen further at the world’s largest bunkering hub Singapore due to slow demand. The B24 marine biofuel blend recently traded at $120-$130 per tonne over 0.5% low-sulfur fuel oil. Shippers are exploring biofuels like B24, made up of 24% UCOME and 76% VLSFO, to reduce carbon emissions.
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