Maersk Supply Service’s Post

In August 2023, Maersk Supply Service announced that it would focus on two core business areas, namely #offshorewind and offshore support vessels (OSVs). Today, the company introduces a leaner onshore setup moving the decision-making closer to the frontline. The objective is an effective operation with a lower cost base, improved competitiveness, and stronger commercial decisions, said Maersk. Going forward, the OSV business will be centred around three core regions: South America, North America, and Europe/Africa. As a consequence, the global organisation will be reduced by approximately 55 positions, of which 25-30 positions are in Denmark and subject to consultation. There will be no reduction among seafarers, according to the company. #renewableenergy

🚢 Exciting News in the LNG Industry! 🚢 BW Group has made a significant move in the LNG market by acquiring two TFDE LNG carriers from Stena Bulk. This acquisition marks a strategic step forward for BW Group, reinforcing its position as a key player in the global LNG transportation sector. The addition of these two vessels underscores BW Group's commitment to enhancing its fleet and expanding its capabilities in serving the growing demand for LNG transportation, particularly in the dynamic Asian market. With LNG emerging as a crucial component of the global energy transition, this acquisition aligns perfectly with the industry's increasing focus on cleaner energy alternatives. These TFDE LNG carriers bring state-of-the-art technology and efficiency to BW Group's fleet, enabling the company to deliver reliable and cost-effective solutions to its customers while also contributing to sustainability efforts through cleaner energy transportation. As the world continues to move towards a more sustainable energy future, investments and developments in the LNG sector play a pivotal role. The acquisition of these LNG carriers by BW Group exemplifies the industry's proactive approach towards meeting evolving energy needs while also addressing environmental concerns. Congratulation to BW Group on this milestone achievement and look forward to witnessing the positive impact these acquisitions will have on the LNG industry and beyond. #LNG #EnergyIndustry #BWGroup #Sustainability #EnergyTransition #LNGTransportation #CleanEnergy #AsiaLNG #TFDELNGCarriers #StenaBulk

Cheap LNG is fuelling the LNG bunkering market as more ships with dual fuel engine are being delivered. It took FueLNG Private Limited 30 mths to reach 100 LNG bunkering operations, but it only took them 5 months to reach the next 50. Spot Asian LNG, JKM, is currently quoted at $9.8/MMbtu or ~$57 BOE while LNG bunkering price in Singapore is quoted by S&P Global at $12.8/MMbtu - a lot cheaper than marine diesel and it also comes with improved environmental credentials both less CO2, but even more so when it comes to air pollution (PMx). #lng #shipping #maritime #naturalgas #gas #oil #bunkering #oilgas #energy #freight

Together we can make great things happen 🙌 Excited to share this amazing milestone post from our colleagues ryd. Their payment ecosystem is now available at more than 1,100 Esso service stations in Europe.    For the Germany-wide rollout of their ecosystem ryd teamed up with us at Scheidt & Bachmann which means that their system was integrated via SIQMA Connect, our family of open standard interfaces offering drivers a more convenient experience.    Drivers can choose from various payment methods on offer: conventional debit/credit cards 💳 PayPal, GooglePay, ApplePay 🤳 or AmazonPay or even from the comfort of their own car via in-car payment 🚙   A massive bonus ✅ for the environment -> ryd receipts are stored digitally with no need for printed copies 🌍 🌿   Another example of how expertise multiplies when shared. 💡 💡 💡   #CollaborationIsKey #FuelYourFuture #MultiEnergy #SIQMA #WeShapeMobility

Marco Polo Marine Ltd: Vessel Demand Remains Firm RHB Singapore recommends a BUY rating for Marco Polo Marine with a target price (TP) of SGD0.06, indicating a 37% potential upside. The company's strong position in the market is supported by robust vessel demand. Its revenue in 3Q2023 grew by 29% YoY due to increased charter and utilisation rates in Ship Chartering and expanded Shipyard activities. Marco Polo Marine is benefiting from the high demand for commissioning service operation vessels (CSOVs) in North Asia, with its first CSOV deployment planned for 2024. Despite concerns about offshore wind project discontinuations, the company's risks in the wind farm sector are limited, as CSOV demand will be driven by North Asian nations' renewable energy targets. The TP is based on improved charter rates, utilisation, and the deployment of CSOVs in the next 2 years. 🔍Read full report here: https://lnkd.in/gtk4zwBC #Investment #Opportunity #MarketInsights

FueLNG Celebrates Milestone 150th Ship-to-Ship LNG Bunkering Operation! We are thrilled to announce a significant milestone for FueLNG - our 150th Ship to Ship LNG bunkering operation! On March 23rd, 2024, the FueLNG Bellina successfully bunkered the NYK Line PCTC Freesia Leader in Singapore, marking a momentous achievement in our journey towards sustainable energy solutions. Reflecting on our progress, it took us about 2.5 years to achieve the first 100 STS LNG bunkering operation. We have now completed another 50 operations in 5 months, underscoring the exponential growth and burgeoning demand for LNG bunkering in Singapore. LNG is the lowest carbon marine fuel available at scale today and holds a key to achieving the industry’s collective goal of net-zero emissions by 2050, with pathways such as bio-LNG and e-LNG, we are not only reducing CO2 emissions today but also paving the way for a more sustainable maritime industry. None of this would have been possible without the support of our esteemed customers, the Maritime and Port Authority of Singapore (MPA), and our shareholders, Seatrium and Shell Singapore. Your trust and partnership have been instrumental in propelling us towards this milestone. As we celebrate this achievement, let us reaffirm our commitment to driving positive change. Here's to many more successful bunkering operations ahead! #ShippingDecarbonization #LNGbunkering #NetZero2050 

Avenir LNG Limited (Avenir) today announces it has executed two Time Charter Agreements for the Avenir Advantage and the Avenir Accolade. Avenir’s affiliate Future Horizon (L) Pte Ltd (a joint venture between Avenir and MISC) has signed a new two-year time charter agreement with PETCO Trading Labuan Company Ltd (PTLCL), a trading arm of PETRONAS. Avenir will continue to collaborate with PTLCL by providing LNG as a marine fuel to their customers in Malaysia and Southeast Asia. #bunkering #energy #shipping #marine #maritime #petroleum #shipowners #decarbonization #technology #digitalization #energytransition #sustainable #oilandgas #cleanenergy #carboncapture #ports #greenenergy #greenshipping #netcarbonzero #society #sustainability #bunkermarket #europe #usa #uk #canada #uae #netherlands #denmark #norway #lngbunkering #avenir #avenirlng #aveniradvantage #aveniraccolade #lngvessels https://lnkd.in/dhJnsyay

📍In a noteworthy development within the realm of liquefied natural gas (LNG) infrastructure, a subsidiary of the esteemed French energy conglomerate TotalEnergies has recently executed its inaugural LNG bunkering operations for two newly commissioned dual-fueled vessels belonging to Maran Tankers Management Inc., a subsidiary of the highly regarded Angelicoussis Group of Greece. This achievement has been realized subsequent to the establishment of bilateral short-term supply arrangements, which were tactically brokered within the dynamic confines of the spot market. This milestone carries substantial implications for the advancement of sustainable maritime transport. ✅TotalEnergies, renowned for its global prominence in the energy sector, has consistently demonstrated a fervent commitment to the advocacy of clean and sustainable energy solutions. The recent successful LNG bunkering of Maran Tankers’ vessels is emblematic of TotalEnergies’ steadfast dedication to the reduction of carbon emissions, a commitment that transcends multiple industrial sectors. ✅LNG, as a cleaner and more environmentally conscientious alternative to conventional marine fuels, has garnered considerable momentum in recent times. This heightened interest stems from its demonstrably diminished greenhouse gas emissions. LNG, as an ecologically sound marine fuel, holds great promise in mitigating the environmental toll historically associated with the shipping industry, which has long been a contributor to both atmospheric pollution and climate change. ✅The consummation of these bunkering operations accentuates the surging global demand for LNG as a preeminent maritime fuel, primarily propelled by the ever-increasing stringency of environmental regulations. This shift towards more ecologically viable energy sources reflects a broader global transition towards cleaner energy options. ✅Maran Tankers’ strategic adoption of dual-fueled vessels stands out as an astute decision in its efforts to augment the versatility and ecological footprint of its maritime fleet. These technologically advanced vessels are capable of seamlessly transitioning between traditional marine fuels and LNG, providing a pragmatic and adaptable solution to navigate diverse operational conditions while adhering to evolving emission standards. ✅The consummation of bilateral short-term supply arrangements, efficiently facilitated within the sphere of the spot market, underscores the contemporary energy landscape’s requirement for flexibility and adaptability. The capability to expediently negotiate such agreements underscores the industry’s resolute commitment to satisfying the immediate and long-term sustainability objectives of ship operators and energy providers alike. #shippingindustry #lng #environmental

🌍 Shell to Acquire Pavilion Energy, Strengthening LNG Leadership 🌍 📍 Singapore − Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has announced an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy brings a robust LNG trading business with a contracted supply volume of approximately 6.5 million tonnes per annum (mtpa). 🏢 Headquartered in Singapore, Pavilion Energy’s global operations span LNG trading, shipping, and natural gas supply and marketing activities across Asia and Europe. 💬 “The acquisition of Pavilion Energy will bolster Shell’s leadership in LNG, adding significant volumes and flexibility to our global portfolio,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. “This move will enhance our access to strategic gas markets in Asia and Europe, positioning Shell to deliver substantial value while meeting our customers’ energy security needs.” 💼 The acquisition aligns with Shell’s cash capital expenditure guidance and exceeds the internal rate of return (IRR) hurdle rate for Shell’s Integrated Gas business. This supports Shell’s 15-25% growth ambition for purchased volumes, relative to 2022, as outlined during the 2023 Capital Markets Day. 🔄 Integration of portfolios will begin after the deal’s completion, expected by Q1 2025, pending regulatory approvals and other conditions precedent. 📌 Notes to Editors: • Pavilion Energy’s portfolio includes about 6.5 mtpa of long-term sale and supply LNG contracts, long-term regasification capacity in the UK, Singapore, and Spain, and chartered LNG vessels. • The pipeline gas business and shareholding in Tanzania blocks are not part of the transaction. • Global LNG demand is projected to rise by over 50% by 2040. • Shell plans to grow its LNG business by 20-30% by 2030, compared with 2022. #Shell #PavilionEnergy #LNG #EnergyTransition #GlobalTrade #NaturalGas #EnergySecurity #Sustainability #BusinessGrowth #RenewableEnergy #Singapore #AsiaEnergyMarket #EuropeEnergyMarket

🌟 We are pleased to announce our first long-term strategic partnership agreement with Hyundai LNG Shipping, a leading Korean Liquefied Natural Gas (#LNG) company. Under this contract, we will be responsible for the refit of a series of #LNG carriers over the next two years. Collaborating with Hyundai LNG Shipping, we will jointly plan, share information, and exchange experiences to achieve sustainable targets in #Quality, #Health, #Safety and #Environment (#QHSE), cost efficiency and timely deliveries. Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “We are honoured to partner with Hyundai LNG Shipping on this Favoured Customer Contract. This agreement not only underscores our leadership in LNG carrier repairs and upgrades but also reflects our commitment to delivering excellence and innovation in every project we undertake. We look forward to a successful collaboration that will benefit both parties and contribute to the advancement of the LNG industry.” 🚢 As the world's leader in repairs and upgrades of LNG carriers, Seatrium is dedicated to advancing and shaping the LNG industry. We are proud to leverage our extensive expertise in offshore and marine engineering to contribute to the growing LNG market. Read more here -> https://lnkd.in/gMGYWaGz #WeAreSeatrium #LNG #LNGRepair #FavouredCustomerContract #QHSE #StrategicPartnership