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	<title>Bio-Methanol Archives - International Finance</title>
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	<lastBuildDate>Tue, 04 Jun 2024 04:49:25 +0000</lastBuildDate>
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	<title>Bio-Methanol Archives - International Finance</title>
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		<title>Singapore shipper claims milestone with bio-methanol refuelling</title>
		<link>https://internationalfinance.com/ports-and-shipping/singapore-shipper-claims-milestone-bio-methanol-refuelling/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=singapore-shipper-claims-milestone-bio-methanol-refuelling</link>
					<comments>https://internationalfinance.com/ports-and-shipping/singapore-shipper-claims-milestone-bio-methanol-refuelling/#respond</comments>
		
		<dc:creator><![CDATA[IFM Correspondent]]></dc:creator>
		<pubDate>Tue, 04 Jun 2024 04:49:25 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Ports and Shipping]]></category>
		<category><![CDATA[Bio-Methanol]]></category>
		<category><![CDATA[fuel]]></category>
		<category><![CDATA[Green Methanol]]></category>
		<category><![CDATA[port]]></category>
		<category><![CDATA[Refuelling]]></category>
		<category><![CDATA[ship]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[Vessel]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=50067</guid>

					<description><![CDATA[<p>Singapore's Maritime and Port Authority indicated that it was prepared to provide methanol bunkering on a commercial basis, endorsing the refuelling at the Tuas Port</p>
<p>The post <a href="https://internationalfinance.com/ports-and-shipping/singapore-shipper-claims-milestone-bio-methanol-refuelling/">Singapore shipper claims milestone with bio-methanol refuelling</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A Singaporean <a href="https://internationalfinance.com/ports-and-shipping/dammams-king-abdulaziz-port-expands-shipping-routes-southeast-asia-boosting-trade-ties/"><strong>shipping</strong></a> company carried out what it claimed to be the first-ever simultaneous bio-methanol refuelling of a container ship while it was being loaded with cargo in the port.</p>
<p>The turnaround time of a vessel is accelerated by simultaneous loading and refuelling, according to Shmuel Yoskovitz, CEO of Singapore-based X-Press Feeders.</p>
<p>He said that having more time allows the ship to sail more slowly, which uses less fuel and lowers expenses and emissions.</p>
<p>According to data from the International Maritime Organisation, 2.89% of greenhouse gas emissions worldwide are attributable to maritime transportation. It pollutes the environment more heavily than flying.</p>
<p>&#8220;This milestone represents a significant leap forward for X-Press Feeders and the global maritime industry,&#8221; Francis Goh, the firm&#8217;s chief operating officer said, as reported by Zawya.</p>
<p>According to him, this was the first instance of a port refuelling with green methanol at the same time as far as reporters were aware.</p>
<p>Green methanol, also known as bio-methanol, is made up of waste carbon dioxide (CO2) and &#8220;green hydrogen,&#8221; which is produced by splitting water molecules using renewable energy.</p>
<p>According to X-Press Feeders, Green methanol has a lower carbon footprint than conventional marine fuels, reducing emissions by up to 65%.</p>
<p>A ship was refuelled with bio-methanol via another ship in 2023, but this was accomplished offshore.</p>
<p>Singapore&#8217;s Maritime and Port Authority indicated that it was prepared to provide methanol bunkering on a commercial basis, endorsing the refuelling at the Tuas Port.</p>
<p>The city-state runs the second-largest <a href="https://internationalfinance.com/logistics-and-cargo/saudi-ports-authority-issues-new-licenses-strengthen-logistics-sector/"><strong>port</strong></a> in the world and is a key location for bunkering.</p>
<p>The first container ship powered by bio-methanol was launched by Danish shipping behemoth Maersk in 2023 in an attempt to meet EU greenhouse gas reduction targets.</p>
<p>The ship built by X-Press Feeders is the first vessel built in China capable of operating on both green methanol and conventional fuel.</p>
<p>According to the company, during 2024 and 2025, it will add 14 more dual-fuel boats to its fleet.</p>
<p>The post <a href="https://internationalfinance.com/ports-and-shipping/singapore-shipper-claims-milestone-bio-methanol-refuelling/">Singapore shipper claims milestone with bio-methanol refuelling</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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