KPI OceanConnect Achieves the First Biofuel Delivery for a Foreign Container Shipping Company in South Korea

(KPI OceanConnect) Bunker delivery marks the first commercial delivery for a foreign container shipping company in South Korea, highlighting growing demand for biofuel across ports worldwide.

11 July 2024: KPI OceanConnect, the leading global provider of marine energy solutions, has announced the successful delivery of 500mt of B30 HSFO 3.5% to Yang Ming Marine Transport’s 11,000 TEU container vessel YM Together on 26th of June in Busan, South Korea. The supply was made in collaboration with Seoul-headquartered bunker supplier GS Caltex Corporation, a pioneer in biofuel delivery in South Korea.

The professionalism and coordination between all teams ensured this successful delivery and they are also partnering to provide biofuel usage data to a public research institute in South Korea, to share practical experiences and encourage further uptake of the fuel.

With the potential to reduce GHG emissions by up to 25%, when compared to conventional fuel oil, the ISCC certified biofuel is helping Yang Ming meet its sustainable development and energy transition goals. Demand for biofuel bunkering is expected to more than double in 2025 due to the emissions reduction pathways biofuels offer, enabling compliance with tightening environmental regulations in the short-term. This first-of-its-kind commercial delivery in South Korea is a strong signal for biofuel demand in smaller bunkering ports. The successful delivery will lay the groundwork for more vessel owners to invest in alternative fuels to minimise the greenhouse gas emissions of their vessels and voyages.

Through continued partnerships, KPI OceanConnect is connecting the dots between bunker suppliers and buyers across the world to widen the network of alternative fuel options for the industry. For biofuels specifically, KPI OceanConnect has enabled deliveries in more than 100 ports worldwide, working in collaboration with customers and bunker suppliers to aggregate demand and supply biofuel that meets specific standards.

Jesper Sørensen, Head of Alternative Fuels and Carbon Markets at KPI OceanConnect, commented: “We’re proud to work with Yang Ming Marine Transport and GS Caltex Corporation to achieve the first biofuel delivery for a foreign container shipping company in South Korea. This latest project is a testament to our global reach, commitment to increasing deliveries of lower carbon fuels and willingness to go where no one has before. With each delivery, we are sharing knowledge and fostering partnerships to build up the global low-carbon fuel infrastructure and meet growing demand.

“At a time of increasing global environmental regulations and compliance with Scope 3 emission requirements, the project has demonstrated the importance of a partnership-driven approach to enable alternative fuel uptake. By aggregating demand and connecting bunker suppliers with buyers, we’re uniquely placed to play an active role in enabling the energy transition across the value chain. We take this responsibility seriously and, with global supply of these fuels increasing, we are committed to working with businesses to help them build an alternative fuel strategy that works best for them today and tomorrow.” READ MORE

Excerpt from Biofuels International: KPI OceanConnect has announced the successful delivery of B24 biofuel to WAN HAI Lines’ container vessel, WAN HAI 510, in Singapore, with SK Energy International as the physical supplier of the fuel.

Building on the long-standing partnership with KPI OceanConnect, the deal marks the first biofuel delivery to WAN HAI Lines.

The ISCC certified biofuel will support the shipper to meet its sustainable development goals by providing GHG emissions reductions of up to 20%, when compared to conventional fuel oil.

The delivery is a first step in realising a tailored alternative fuels strategy, developed in partnership with KPI OceanConnect.
Jesper Sørensen, head of alternative fuels and carbon markets at KPI OceanConnect, commented: “WAN HAI Lines has been a long-standing partner of KPI OceanConnect and we are proud to have facilitated its first biofuel delivery. With our robust expertise in biofuel bunkering and global reach, we are able to support clients in progressing their alternative fuel strategy.

“Partnerships will lead the way forward to reaching net-zero targets, bringing much needed expertise, knowledge and confidence in decision-making. At KPI OceanConnect, we are committed to playing an active role in aggregating demand and connecting bunker suppliers with buyers to build up the global low-carbon fuel infrastructure and meet growing demand.”
WAN HAI Lines added in a statement: “We are very proud to announce our first biofuel supply in collaboration with KPI OceanConnect at the port of Singapore.

“Adopting biofuels is a key strategy in our efforts to accelerate the transition towards decarbonisation and achieve our company's emission reduction goals. We extend our gratitude to KPI OceanConnect for their professionalism in fulfilling our needs. We remain committed to collaborating with our partners and stakeholders to drive continuous progress in our sustainability journey.” READ MORE