In Singapore, Manifold Times reported that Peninsula, an independent marine energy supplier, has fixed its first Biofuel deal for Shanghai-based international shipping firm Cosco Shipping Lines.
Peninsula’s Shanghai and Singapore trading teams recently combined to deliver 2,000 metric tons of UCOME-based B24 marine biofuel to the 155,000 DWT Cosco container carrier, M/V Cscl Venus, through local Singapore physical supplier, Vitol Bunkers, according to the report.
Nacho de Miguel, Head of Alternative Fuels and Sustainability at Peninsula, said: “Peninsula’s strong brand presence across our Asian network is bringing significantly increased alternative fuels demand. Biofuel supply volumes are naturally increasing due to the regulatory environment, but it is equally clear that customers like Cosco, one of the biggest names in global shipping, feels able to trust Peninsula in delivering reliable lower-carbon solutions.”
The use of biofuel in the delivery will provide minimum GHG savings of over 1,200 tons of CO2 equivalent, the report added.
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