Asia/Pacific News
Hong Kong Sees Record Green Methanol Bunkering Operation
Venture Energy has completed Hong Kong's largest-ever single green methanol bunkering operation in partnership with Sinopec Hong Kong.
The company facilitated supply of 1,000 mt of green methanol to the RoRo vessel CM Shenzhen using the bunkering barge Da Qing 268, managed by Wah Kwong Ship Management, according to a press release issued on Thursday.
The RoRo ship is operated by China Merchants Guangzhou RoRo Shipping, while the green methanol was sourced from Shanghai Shenji Energy & Environmental Technology, a subsidiary of Shenergy Group.
The company worked closely with Sinopec Hong Kong and other partners to complete the bunkering safely and efficiently.
“This milestone highlights Venture Energy’s supply capabilities to bridge growing demand in the Greater Bay Area with diversified supply sources across North and East China, contributing to the development of a reliable and scalable green marine fuel supply chain for the region,” the firm said.
Venture Energy said the milestone strengthens Hong Kong's ambitions to become a regional green bunkering hub and highlights the Greater Bay Area's potential to develop an integrated supply chain spanning fuel production, logistics, storage, bunkering and end-use.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 880.50 | 13.00 | 1278.50 | 18.50 |
| Rotterdam | 695.50 | 9.50 | 1355.50 | 35.50 |
| Houston | 742.50 | 12.50 | 1371.00 | 12.00 |
| Fujairah | 974.50 | 23.00 | 1665.00 | 1.50 |
| APAC Average | 987.50 | 13.50 | 1498.00 | 9.50 |
| Global 20 Ports Average | 876.50 | 1.00 | 1508.50 | 33.50 |
| Global 4 Ports Average | 823.50 | 14.50 | 1417.50 | 16.00 |
| Global Average Bunker Price | 932.00 | 6.00 | 1584.50 | 9.00 |
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