{"id":1670967,"date":"2022-10-04T00:50:52","date_gmt":"2022-10-04T04:50:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670967"},"modified":"2022-10-04T00:51:25","modified_gmt":"2022-10-04T04:51:25","slug":"bhp-to-receive-3-more-lng-fuelled-bulk-carriers-in-next-6-9-mths-exec","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bhp-to-receive-3-more-lng-fuelled-bulk-carriers-in-next-6-9-mths-exec\/","title":{"rendered":"BHP to receive 3 more LNG-fuelled bulk carriers in next 6-9 mths \u2013 exec"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbhp-to-receive-3-more-lng-fuelled-bulk-carriers-in-next-6-9-mths-exec%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670967&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Jeslyn Lerh and Florence Tan<\/p>\n<p>SINGAPORE (Reuters) \u2013     BHP Group expects to receive three more bulk carriers powered partly by liquefied natural gas (LNG) in the next six to nine months, part of the company\u2019s plans to cut emissions from shipping, a senior executive said.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>BHP, which received its first two LNG-fuelled vessels earlier this year, has locked in some term supplies of LNG buffering the company from volatile prices and is studying the potential for biofuels, Fergus Eley, BHP\u2019s Head of Maritime Enterprise, told Reuters on the sidelines of the Singapore International Bunkering Conference and Exhibition (SIBCON) 2022.<\/p>\n<p>The world\u2019s largest miner and shipper of dry bulk commodities is targeting net zero greenhouse gas emissions from its operations by 2050 and started using LNG to fuel ships carrying products from Australia to China this year.<\/p>\n<p>BHP will receive delivery of the three additional carriers from shipowner Eastern Pacific Shipping by mid-2023, Eley said.<\/p>\n<p>LNG will be a key transition fuel choice for BHP, he said, despite the price volatility in the market over the past two years.<\/p>\n<p>Asian LNG spot prices are at their highest on a seasonal basis since at least 2010, as Europe has been boosting LNG imports to replace Russian gas since the outbreak of the conflict in Ukraine.<\/p>\n<p>\u201cThe volatility we are seeing at the moment is really unprecedented,\u201d Eley said. The company has locked in some term supplies to cushion the impact from spot price volatility while BHP takes a long-term view on the lower-emitting fuel, he added.<\/p>\n<p>BHP is looking at opportunities for ships to take biofuel for bunkering in Singapore, especially for voyages to the east coast of Australia and to Europe.<\/p>\n<p>\u201cWe have conducted one or two (biofuel) trials in the last 12 months, and we are now working on a larger contract,\u201d he said.<\/p>\n<p>However, limited economies of scale remain a key challenge for the industry to adopt biofuel for bunkering in Asia, where it is still less readily available compared with Europe. <\/p>\n<p>\u201cWe can help create that demand and we\u2019re doing so by forming these contracts where some of our vessels that go through to Europe, bunker here in Singapore with biofuel,\u201d Eley said. BHP hopes to reduce emissions by 20% for long-haul voyages using biofuel. <\/p>\n<p> (Reporting by Jeslyn Lerh and Florence Tan; Editing by Edmund Klamann)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bhp-to-receive-3\/attachment\/visitors-to-the-bhp-booth-speak-with-representatives-during-the\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9306F-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9306F-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jeslyn Lerh and Florence Tan SINGAPORE (Reuters) \u2013 BHP Group expects to receive three more bulk carriers powered partly by liquefied natural gas (LNG) in the next six to<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1670967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1670967"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1670967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1670967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1670967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}