Denmark's Norden bunkers B100 biodiesel in Singapore

: Biofuels, Oil products
24/05/22

Danish shipping firm Norden said it completed a B100 marine biodiesel bunkering operation in Singapore last week.

According to the company, it is "the first ever 100pc biofuel (B100) bunkering in Singapore".

Norden said it was commissioned by Japan's Itochu to carry out the bunkering, having successfully trialled a B24/VLSFO blend on its Nord Taurus Panamax vessel. The B100 blend was made from sustainable feedstocks including waste fats and oils, and the bunkering was carried out with the support of Japan's Mitsui.

Norden has been bunkering B100 in Rotterdam since 2018. It recently conducted the first B100 bunkering on its Nord Steel Capesize vessel in Rotterdam.

The Argus-assessed price of B100 advanced fatty acid methyl ester (Fame) 0°C cold filter plugging point dob ARA has averaged $1,146.99/t since the start of May. This includes a deduction of the value of Dutch HBE-G renewable fuel tickets.

By Anna Prokhorova

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25/01/24

ACBL issues upper Mississippi River reopening plan

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Port of Nola reopens after winter storm

25/01/24

Port of Nola reopens after winter storm

Houston, 24 January (Argus) — The port of New Orleans reopened today after a prolonged shut-down propelled by a heavy winter storm that swept through the US Gulf earlier this week. Nola and Ports America reopened today to begin working on the backlog of movement caused by the storm. The port had been officially closed since 19 January in anticipation of the wintry temperatures, heavy precipitation and winds. Several inches of snow fell across New Orleans beginning Tuesday morning, according to the National Weather Service, with freezing conditions lasting through Thursday. Both ship and barge loadings and unloadings were significantly delayed across terminals. Several shipping and barge companies announced force majeures before the storm but are expected to reopen within the next couple of days, subject to safety conditions. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

S Australia gets OK to use diesel generators for backup

25/01/24

S Australia gets OK to use diesel generators for backup

Adelaide, 24 January (Argus) — Australian federal energy regulator has approved a South Australian (SA) state government bid to temporarily change regulations, ordering two diesel-fired generators in the state to remain available for back-up electricity supply. French utility Engie last year said it would mothball the 63MW Snuggery and 75MW Port Lincoln generators. The SA's Labor energy minister opposed this, and last month wrote to the Australian Energy Market Commission (AEMC) to request the Australian Energy Market Operator (Aemo) be given powers to direct this capacity into the market if supply is threatened. The rule change will be enforced until 31 March, and will help secure SA's electricity supply this summer, the AEMC said on 23 January. SA could face load-shedding during cases of reliability shortfalls, especially during extreme weather, without sufficient backup reserves. No objections were received during the fast-tracked process, the AEMC said. SA is highly dependent on renewable power such as solar and wind, especially after closing its last coal plants in the last decade. Its sole connection to the national electricity market is via links to Victoria state. The 800MW EnergyConnect electricity transmission link to New South Wales is still under construction and has been delayed until July 2027, from an original guidance of 2023. About 72pc of SA's power consumption was from renewable sources last year, with gas contributing 24pc and imports from Victoria making up 10pc, leaving the state vulnerable to outages if this connection is damaged. But backup generators are costly to maintain as cheap renewable energy floods the grid, leaving governments stuck between subsidising fossil-fuelled plants or facing politically and economically damaging interruptions to supply. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump tariffs could stall Mexico’s growth: Fitch

25/01/23

Trump tariffs could stall Mexico’s growth: Fitch

Mexico City, 23 January (Argus) — US President Donald Trump's threat to impose tariffs on imports from Mexico could have a serious impact on Mexico's already sluggish economic growth in 2025, Fitch Ratings said. "Our assumption is that Trump will follow through on some tariff threats," said Todd Martinez, senior director of sovereigns at Fitch Ratings, during a webinar. But potential 25pc tariffs would likely apply only to durable goods, which account for about 10pc of Mexico's exports to the US, thanks to protections under the US-Mexico-Canada (USMCA) trade agreement that are likely to protect oil exports, he added. Fitch forecasts Mexico's economy to grow by just 1.1pc in 2025. But this estimate does not include the potential impact of tariffs, even if limited. Should they be implemented, these tariffs could shave 0.8 percentage points off GDP growth, potentially pushing the economy into near-zero growth or a contraction, Martinez said. The uncertainty surrounding the scope, timing, and duration of the tariffs adds to the economic risks. "These tariffs may also serve as a negotiation tool for broader bilateral issues," noted Shelly Shetty, managing director of sovereigns at Fitch Ratings. Exports to the US represent over 25pc of Mexico's annual GDP growth. Additionally, Mexico is home to the largest undocumented population in the US, at around 4.8mn individuals, according to Fitch. While Trump's return to the White House could disrupt Mexico's economy, domestic challenges also threaten growth. Martinez highlighted the judicial reform passed late last year, which will overhaul the judiciary by introducing popular elections for judges and supreme court justices between 2025 and 2027. This reform has already raised concerns among global investors. Mexico's governance index has worsened between 2012 and 2023, according to the World Bank. Fitch also noted that the ruling party Morena's supermajority in congress could further alarm international investors by introducing policies perceived as unfavorable to business. Fitch currently has Mexico's sovereign credit rating at BBB-, its lower medium investment grade, with a stable outlook. By Édgar Sígler Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Poland says EU 2040 climate target a 'challenge'

25/01/23

Poland says EU 2040 climate target a 'challenge'

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