• 2019 November 21 10:43

    DNG Energy to commence LNG bunkering operations from Algoa Bay next year

    DNG Energy, the leading South African LNG infrastructure provider, says it is poised to start LNG bunkering in South Africa’s largest bunkering port, Algoa Bay. In conjunction with its continuing investment into LNG infrastructure by 2020, the development reaffirms the company’s commitment to driving South Africa’s growth as a major global force for LNG bunkering within the commercial shipping industry.
     
    DNG Energy’s continuing development of LNG bunkering facilities at Algoa Bay utilises Africa’s abundance of natural gas reserves to overcome the shortage of infrastructure as a barrier to the adoption of LNG as a fuel. The initiative will improve access to LNG bunkers for commercial vessels on one of the world’s most travelled trading routes, which sees 56,000 vessels transit the region every year. Bunkering operations are expected to commence in Q2, 2020.
     
    Securing of the bunkering licence within Algoa Bay is a significant development for the company. It follows – in 2018 – the commissioning of South African Shipyards to build an 8,000 tonne LNG bunker barge to service the region. Scheduled to come online in 2020, it is the largest vessel by weight ever to be built on the African continent.
     
    As part of DNG Energy’s wider LNG development strategy and five-year initiative launched in 2015, the company is investing more than $5 billion by 2020 in infrastructure programmes across South Africa, Nigeria and Mozambique, funded through a blend of owned and institutional infrastructure capital. Creating thousands of jobs, it will also drive economic growth and sustainability within the regions and the industries it serves.
     
    DNG Energy was founded in 2013 by South African entrepreneur, Aldworth Mbalati. The company’s vision is to achieve energy security and stability with responsible and sustainable energy solutions for Africa. The 100 per cent black-owned African organisation is championing the use of LNG for maritime and road transport as an initial step in contributing to sustainable development, as well as pioneering a pan-African LNG supply network for the global market.
     
    Aldworth Mbalati, Founder and CEO, DNG Energy, commented:
    “The shipping industry faces significant challenges in meeting global sulphur regulations from 2020, as well as ambitious decarbonisation and wider sustainability targets towards 2050. It is increasingly evident that LNG as a marine fuel has an important role to play on this pathway. As a major global maritime hub, the development of LNG bunkering infrastructure in Algoa Bay is therefore a natural step in expanding Africa’s LNG value chain, directly supporting the growth of LNG-fuelled shipping on multiple trade routes and delivering against the industry’s, as well as Africa’s, sustainability goals.”
     
    Africa is an exciting frontier in the global natural gas sector. The African LNG market holds 7.1 per cent of proven global gas reserves and is expected to contribute nearly 10 per cent of global production growth through to 2024. Rovuma Offshore Area 1 Block (Area 1) in Mozambique is the single largest LNG project ever approved in Africa and one of the world’s biggest natural gas fields.
     
    As the continent’s most industrialised country, with heavy coal demand and unreliable power generation, DNG Energy believes gas is the key to helping South Africa meet its increasing energy demands in a responsible way, as well as moving closer towards a decarbonised economy; reducing the country’s energy dependence, and introducing a much better priced and affordable fuel alternative.
     
    Aldworth Mbalati continues:
    “LNG presents further advantages for South Africa as it bolsters its position as a global bunkering hub for international trade. The abundance of natural gas reserves on the African coast enables competitive pricing and reduces supply risks. And from a physical bunkering perspective, as LNG simply vaporises if it escapes, it removes the risk of oil spills during ship-to-ship transfer. LNG also emits zero sulphur oxides (SOx), virtually no harmful particulate matter emissions (PM), and 95 per cent less nitrogen oxides (NOx) than existing oil-based marine fuels, providing a major advantage in terms of improving air quality and human health in ports and coastal areas.”
     
    He concludes:
    “As a region with a sensitive environment, and economies dependent on tourism, the reduction of risks and the protection of our spectacular coastline and its local communities are among our top priorities.
    Given LNG’s impressive environmental credentials and natural abundance in Africa, as well as its growing uptake globally, the business case for expanding LNG bunkering infrastructure continues to hold weight and we are confident in South Africa’s ability to support the global LNG network in powering international ocean-going trade.”

    About Algoa Bay
    DNG Energy’s planned infrastructure development for Algoa Bay comprises a 160,000 cbm floating LNG storage facility, as well as an 8,000 tonne LNG bunker barge commissioned to South African Shipyards. The infrastructure project is expected to come online and commence operations by Q2, 2020.

    About DNG Energy
    DNG Energy is bringing Liquefied Natural Gas (LNG) to South Africa, and in doing so is making a cleaner, cheaper fuel alternative available to the market. A 100 per cent black owned African entity, DNG Energy was founded by South African entrepreneur Aldworth Mbalati, with the vision of achieving energy security and stability with responsible and sustainable energy solutions for Africa. DNG Energy is creating a pan-African LNG supply network, championing the use of LNG for road and maritime transport as a first step in contributing to sustainable development.




2020 May 31

16:57 RINA: shareholders’ meeting approves the financial statement for 31 December 2019 and appoints a new Board of Directors
15:31 Board appoints non-executive director at V.Group
14:48 MM&P seeks help from Congress in battle to repatriate offshore crews
13:24 Svitzer A/S names new CEO
12:31 Subsea 7 announces cost reduction measures
10:52 Drydocks World begins second project for the Hollandse Kust Zuid Windfarm

2020 May 30

16:23 APL England master faces charges over shipping container loss
15:27 Xeneta Container Rates alert: continued global uncertainty hits rates, but worst fears yet to be realised
14:32 EC approves €600 million Finnish guarantee scheme to support maritime companies affected by the coronavirus outbreak
13:12 Bollinger Quick Repair takes delivery of new dry-dock “Mr. Eddie”
11:47 Sanmar and Svitzer deliver power and performance to Port of Sohar
10:58 Coast Guard Cutter James seizes 3,350 lbs of marijuana off Central American

2020 May 29

18:36 Port of Marseille Fos to constuct a new international ferry terminal
18:20 Sea Port of Saint-Petersburg boosts its infrastructure investments by 40%
18:06 PIL starts a new India Service - China India Express (CIX)
17:51 Petrotrans takes delivery of lead ship of Project RSD59
17:36 Rolls-Royce seals major contract covering complete MTU propulsion systems for Royal Navy Type 31 frigates
17:14 United Shipbuilding Corporation developed its own cargo ship design
17:06 ECSA welcomes TRAN opinion on future EU-UK partnership and urges rapid advancement of the talks in view of the looming deadline
16:15 Port Authorities pledging support to keep ports open during COVID-19 more than doubles within a month
15:52 Market of seaborne cargo transportation for wind farms is stable and expected to grow
15:46 Viking Line starts a passenger service from June 1
15:05 KiwiRail orders two new ferries
14:49 Admiral Makarov University introduced new GMDSS simulator class
14:05 Bollinger Shipyards delivers the USCGC MYRTLE HAZARD to the U.S. Coast Guard
13:41 Smart Delta Resources launches project to substantially reduce CO2 emissions in Scheldt-Delta region
13:09 Record engine powers world’s largest containership
12:48 Large amphibious ships of RF Navy's Black Sea Fleet conducted comprehensive exercise in sea training ground
12:30 Navigation season opens on Upper Lena and Lower Lena rivers
12:09 Global shipping body addresses the health concerns of seafarers during the COVID-19 pandemic
11:26 Vimpel Shipyard launches coast guard boat Lamantin of river-going design
11:03 LNG STS bunkering – ‚First-off‘ operations in France, Germany and Norway
10:28 Oil prices fall by over $1
10:09 DP World joins with TradeLens to digitize global supply chains
09:53 Bunker prices are stable at the port of Saint-Petersburg, Russia
09:35 Baltic Dry Index on May 28
09:20 Konecranes to deliver third mobile harbor crane to South Australia
09:17 MABUX: Bunker market this morning, May 29
08:46 CMA CGM announces FAK rates from Asia to North Africa, Mediterranean and North Europe

2020 May 28

18:37 CMA CGM ends ESS from North Europe, Scandinavia & Poland to West Med, East Med, Adriatic & North Africa
18:07 PortXchange results in shorter idle times on departure at APM Terminals Rotterdam
17:24 Independent Container Line starts new service from Cork to USA
17:20 Antwerp@C investigates potential for halving CO2 emissions in Port of Antwerp by 2030
16:49 Nevsky Shipyard launches lead ferry of Project PV22, Admiral Gennady Nevelskoy
16:17 Finland's new Water Traffic Act enters into force in June
16:05 Lubrizol joins the Getting to Zero Coalition
15:56 Wärtsilä high-efficiency propulsion solutions selected for special high-speed ferry
15:46 ABP keeps Britain trading in the safest way possible
15:02 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
14:38 Bunkering tanker intended for Baikal lake delivered to the customer
14:00 WinGD wins type approval for biggest and most powerful ever dual-fuel engines
13:00 Gasum partners up with the sustainable transport solution provider company Samskip
12:30 More Konecranes BOXHUNTER RTGs to Vietnam
12:00 Konecranes and Fluidmesh join forces to deliver world-first 100% wireless Automated Rubber Tired Gantry crane system
11:30 EPS and Equinor set sights on a trio of newbuild LPG dual-fuel vessels
11:09 Boskalis awarded two dredging contracts in Finland
10:51 Oil prices continue going down
10:30 DNV GL releases first ever traceability standard for reclaimed plastic
10:09 Port of Stockholm announces arrival of the first container ship at Norvik Port
09:44 CMA CGM announces Overweight Surcharge (OWS) from Asia to North Europe