Low-carbon fuels could play an important role in Asia Pacific’s long-term decarbonization efforts, according to Wood Mackenzie.

On 25 October 2021, Singapore’s Minister for Trade and Industry Gan Kim Yong revealed that the country plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

In response to the announcement, Wood Mackenzie senior analyst Maria Yee said:

“This is good news for the domestic market.”

“Asia Pacific is the largest emitting region responsible for over half of the world’s carbon emissions. The region’s decarbonisation efforts will determine the pace in which the world is able to achieve the Paris Agreement goals, and Singapore can become a leader in this movement.”

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Low-carbon fuels could be part of APAC’s decarbonization efforts

ZIM Kingston, a Malta-flagged Panamax containership, lost about 40 containers overboard during heavy weather off the Strait of Juan de Fuca on 22 October.

The incident occurred when the 4,253 TEU vessel heeled 35 degrees in heavy swells 38 miles west of the Strait of Juan de Fuca while en route from Busan, South Korea, to Vancouver, British Columbia.

Some containers onboard were damaged and caught fire. At least two of them reportedly contain hazardous material. The fire has now been extinguished, Israeli shipping company ZIM confirmed on 25 October.

Most crew members were evacuated from the vessel, and a few stayed on board to assist with the firefighting efforts. No injuries were reported to any crew members.

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ZIM Kingston catches fire, loses 40 containers in rough seas

Singapore-based offshore builder Sembcorp Marine has provided clarifications regarding its scope of work for the Johan Castberg Floating, Production, Storage and Offloading (FPSO) vessel.

Located in the Barents Sea, the Johan Castberg field lies 240 kilometres north-west of Hammerfest and it will be developed with a 200-metre long FPSO. This will include additional subsea solutions along with 18 horizontal production wells and 12 injection wells. The Equinor-operated field’s proven volumes are estimated between 400 and 650 million barrels of oil.

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Sembcorp Marine clarifies its scope of work for Johan Castberg project

On 24 October, two bulk carriers collided near the northern entrance to the Cannakale Strait in the Sea of Marmara, Turkey’s General Directorate of Coastal Safety (KEGM) reported.

At around 6:00 a.m. (local time), the 30,000 dwt bulk carrier BC Vanessa struck the 200,000 dwt bulker Benitamou in midship section area, causing severe damages to both ships.

The ships, which were traveling to an anchorage area off Gallipolii, collided due to the heavy fog in the region, according to the officials. Turkey’s General Directorate of Coastal Safety sent three tugs and two response boats to the scene. There was no loss of life in the incident and no environmental pollution was found on site.

The 299-meter long Capesize bulker Benitamou was underway to China, loaded with cast iron. The ship, built by Japanese company Imabari and operated by Doun Kisen Co., suffered damage to its bow and forecastle, according to the VesselsValue data. It is currently sailing under the Panama flag.

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Bulkers collide in Turkey’s Marmara Sea, both heavily damaged

South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a contract for the construction of four liquefied natural gas (LNG) carriers.

The order has been placed by an undisclosed shipowner from the Bermuda region. The price tag for the contract is KRW 971.3 billion (around $825 million), the shipbuilder revealed in its stock exchange filing.

The company added that the ships are scheduled for delivery by the end of 2024, but did not disclose any further information.

Last week, the shipyard scored an order for a new series of four LNG carriers from Danish shipowner Celsius Tankers.

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Samsung Heavy bags order for LNG carrier quartet