LNG

Peninsula, the leading global independent marine energy supplier founded to fill a gap in the Gibraltar market for bunkering services, has successfully completed the supply of liquefied natural gas as a marine fuel to a crude oil tanker owned by Singapore-based Eastern Pacific Shipping.

The delivery took place at the Gibraltar Port’s Western Anchorage.

Peninsula’s “Levante LNG”, the company’s first purpose-built 12,500 cubic metres capacity LNG bunkering vessel, supplied the EPS Suezmax crude oil tanker, the “Starway”, with around 3,500 cubic metres of LNG.

“EPS vessels like the ‘Starway’ and her sister, the ‘Greenway’, the world’s first LNG fuelled Suezmax tanker, are paving the way for a lower carbon future,” said Nacho de Miguel, Peninsula’s Head of Alternative Fuels and Sustainability.

“Through our investment in assets like the ‘Levante LNG’ we can close the supply chain loop to give these vessels access to lower-carbon fuels in the world’s leading ports,” De Miguel stated.

“I want to thank EPS for partnering with Peninsula to help power them towards a more sustainable future,” he added.

The EPS General Manager of Operations, Captain Suraj Sundaresan, said Gibraltar was one of those ports that was making efforts to cater for vessels seeking alternative fuels like LNG.

“Peninsula bridges shipowners like us who are at the forefront of the industry’s energy transition, and Ports who are evolving to host alternative-fuel powered vessels,” explained Sundaresan.

“Our vision to lower emissions is mirrored in Peninsula’s desire to provide lower carbon options today. The availability of low-carbon fuel supply is incredibly important, he added.

“As the demand for alternative fuels towards decarbonisation increases, we rely on suppliers like Peninsula to help keep our state-of-the-art alternative-fuelled ships moving,” Sundaresan declared.

Peninsula’s “Levante LNG” bunker ship arrived at her Mediterranean home at the end of September and is now fully operational in the Strait of Gibraltar and the ports of the Western Mediterranean.

The bunkering company is also building its cruise ship portfolio after successfully supplying Royal Caribbean’s cruise liner “Silver Nova” with LNG fuel in another operation in Gibraltar in November.

Accelleron Industries AG, a market leader in high-powered turbochargers used in LNG-fuelled ships, has been successfully spun-off from ASEA Brown Boveri (ABB), the Swiss-Swedish power technology group.

Accelleron’s shares are now trading on the SIX Swiss Exchange in Zurich under the ticker symbol “ACLN”.

The stock was first priced at 24.75 Swiss francs ($25.50) per share.

The listing follows the approval by ABB shareholders for the spin-off of Baden, Switzerland headquartered Accelleron at ABB’s extraordinary general shareholder meeting on September 7.

“As an independent business, Accelleron will now focus on implementing its own, independent growth strategy with an attractive cash generation profile,” said a statement.

“This will build upon Accelleron’s position as a market leader in heavy-duty turbocharging for the marine and energy industries,” it added.

The cruise liner “AIDAnova” was the first in its class to be operated on purely LNG fuel and uses Accelleron’s TPL-C turbochargers.

Legacy

“I am excited about the opportunities ahead, building on our 100-year legacy with ABB and our position as the market leader in high-power turbocharging,” said Oliver Riemenschneider, Chairman of Accelleron's Board.

“We have an impressive growth strategy driven by our leading technology and services offering, coupled with our commitment to research and development,” added Riemenschneider.

“I am confident that we are well positioned to take advantage of global megatrends and deliver compelling results for our stakeholders,” he stated.

The statement added that “sustainability” was at the center of Accelleron’s business as the company is a pioneer in reducing fuel consumption and improving the emissions profiles for customers.

“Accelleron is well placed to capitalize on the opportunities presented by renewable energy and sustainable transportation, with its best-in-class product portfolio, its leading R&D capabilities and its acknowledged innovation,” added company.