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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Cosco Shipping secures biofuel deal with Peninsula |
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Date:2023-10-09 Readers:
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GLOBAL independent marine energy supplier Peninsula has fixed its first biofuel deal for Shanghai-based shipowner Cosco Shipping Lines, reports Rotterdam's Offshore Energy.
Peninsula's Shanghai and Singapore's trading teams recently combined to deliver 2,000 tons of UCOME-based B24 marine biofuel to the 155,000-dwt CSCL Venus, through local Singapore physical supplier Vitol Bunkers.
Biofuel demand continues to increase as a result of tighter regulation around maritime carbon emissions.
The use of biofuel in this delivery will provide minimum GHG savings of over 1,200 tons of CO2 equivalent, according to the company. For context, this saving is the equivalent CO2 emissions of over 200 trucks covering 40,000 kilometres each.
"Biofuel supply volumes are naturally increasing due to the regulatory environment," said Nacho de Miguel, head of alternative fuel sustainability at Peninsula.
In April this year, Peninsula welcomed into the fleet Hercules Sky, a modern oil chemical tanker.
With a tank capacity of 9000 cbm and a pump rate above 500 cbm/hr, the 2021-built Hercules Sky is a modern barge that will strengthen Peninsula's physical operations in the Gibraltar Strait. The Panama-flagged vessel will enable Peninsula to deliver ISCC Certified Sustainable Marine Fuel as B100 (100% biofuel) or blends thereof.
https://www.shippingazette.com/menu.asp?encode=eng |
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