Asia/Pacific News
Shipping Firm Wah Kwong Signs Green Methanol Deal
Venture Energy, the fuel arm of shipping firm Wah Kwong, has signed a deal with a Chinese company to secure supply of green methanol.
Venture Energy has signed a strategic collaboration deal with Shanghai Shenji Energy & Environmental Technology Co including a green methanol procurement and supply agreement, it said in a press release on Tuesday.
Venture Energy will purchase ISCC EU-certified green methanol under the deal, with the first shipment scheduled for delivery and loading in the first half of 2026.
"The partnership extends beyond pure product supply, encompassing full-chain collaboration on biogas feedstock and green-fuel ISCC certificates," the company said in the statement.
"This establishes a practical, fully traceable framework for the standardised trading of green marine fuels."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 762.00 | 4.50 | 1585.00 | 46.50 |
| Rotterdam | 687.50 | 17.00 | 1318.00 | 24.50 |
| Houston | 849.00 | 7.50 | 1246.00 | 32.50 |
| Fujairah | 748.00 | 1.00 | 1564.50 | 7.00 |
| APAC Average | 1026.00 | 6.00 | 2052.00 | 28.00 |
| Global 20 Ports Average | 891.50 | 5.50 | 1645.50 | 11.00 |
| Global 4 Ports Average | 761.50 | 5.00 | 1428.50 | 1.00 |
| Global Average Bunker Price | 983.00 | 1.00 | 1723.50 | 6.50 |
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