Asia/Pacific News
GoodFuels to Halt Singapore Biofuel Deliveries 'With Immediate Effect'
Biofuel supplier GoodFuels has halted deliveries of biofuel bunker blends in Singapore.
The firm will halt Singapore deliveries 'with immediate effect' as of November 6 as part of a consolidation in its global operations, Jing Xieng JX Han, general manager of GoodFuels Asia Pacific, said in a LinkedIn post on Wednesday.
"FincoEnergies has decided to consolidate GoodFuels operations in the Asia Pacific and ARA regions," she said in the post.
"Whilst the GoodFuels team will continue its efforts to decarbonise global shipping from the Amsterdam office, we will be stopping all biofuel deliveries in Singapore with immediate effect.
"Our Amsterdam team remains dedicated to furthering the decarbonization of global shipping 'the Good Way' and I wish them continued success."
She will also be stepping down from her role as general manager as part of the same consolidation.
A GoodFuels representative set out more detail on the company's biofuel plans in comments emailed to Ship & Bunker on Wednesday.
"After evaluating market conditions, we have determined that applying more emphasis to our activities in Europe will enable us to maximise our impact on transport decarbonisation at this time," the GoodFuels representative said.
"As part of this strategic move, we are centralising our operations at our headquarters in The Netherlands, while maintaining our commitment to serving clients through our European base.
"GoodFuels will continue to serve its client base with physical biofuel deliveries in the ARA region, while supporting international customers through our carbon insetting (GoodShipping) and offsetting (GoodZero) services globally.
"More broadly, we will continue to assess and review opportunities to supply biofuel in major bunkering hubs on an ongoing basis."
Singapore overtook Rotterdam as the world's largest bunkering port by volumes for biofuel blends in the third quarter of this year.
