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Bunker Holding: MFM is the new ‘chicken and egg’

Christoffer Berg Lassen talks with Manifold Times about MFMs, consolidations, and the importance of maintaining a market presence at Singapore and Asia.

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Mass flowmeters (MFM), a Singapore-led development for bunkering operations, have gained interest overseas and is now facing a “chicken and egg” issue over mass adoption, says the Chief Commercial Officer at Bunker Holding.

“I think using MFM for bunkering is what something a lot of ports are thinking of attempting now but it also depends on what the clients want, and it seems that MFM bunkering is something that many people will like adopted,” Christoffer Berg Lassen tells Manifold Times.

According to Lassen, MFM bunkering operations are taking place in Singapore, Rotterdam, and Amsterdam; some physical suppliers have also started testing using MFM technology for similar operations in Fujairah.

He sees an increase of shipping companies asking for MFM bunkering, with no obvious trend favouring the bigger or smaller players.

“MFM bunkering is something a lot of ports and physical suppliers will be looking into going forward,” notes Lassen.

“Right now, of course, it is about the chicken and the egg because before the physical player goes out and start investing in MFMs they need to see a certain demand; and when there is a certain demand they will be able to fulfil that demand.

“So, it’s chicken and egg about who is going to start and we are seeing MFM bunkering developing slowly, but surely.”

The introduction of MFM for fuel oil bunkering operations at Singapore starting 2017 has resulted in several players exiting the market due to lower margins.

“We know that margins are down in Singapore and we can see that from the number of our competitors bowing out because of pressure,” says Lassen.

“But again, we still think the clients out there want to pay for quality; it costs a bit more for quality and Bunker Holding wants to be a brand where people seek because they want quality, no doubt about that.

“Singapore and Asia is very strategic because all shipping lines go around Asia more or less at some point of time so we need to be able to supply all over Asia including Singapore, the world’s largest bunkering port, and we need to be some of the sharpest.”

Moving forward, Lassen signals the company’s intent to have representation in most Asian countries, including Singapore by offering physical deliveries of marine fuel through Bunker One, a house brand of Bunker Holding that unites all of its physical supply operations under one roof.

“We have consolidated several physical entities into Bunker One.

In terms of remaining entities, we are always evaluating what is best for the group and what’s best for our clients […] until now there is no plan to do any further consolidation, not any major ones, he states.”

Published: 20 April, 2018
 

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Mass Flowmeter

TFG Marine advances global MFM rollout with two US Gulf bunker barges

“Buffalo B414” and “Buffalo B304”, were recently fitted with the equipment, with both supply barges receiving ISO 22192 certification for their newly installed MFMs last month.

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TFG Marine advances global MFM rollout with two US Gulf bunker barges

Global marine fuel supply and procurement firm TFG Marine on Wednesday (2 September) said it continued to expand mass flow meter (MFM) technology across its US Gulf Coast bunker fleet.

The company said two more vessels, Buffalo B414 and Buffalo B304, were recently fitted with the equipment.

“Both supply barges received ISO 22192 certification for their newly installed MFMs last month, giving customers greater confidence in bunker quantity measurement while supporting a more accurate, transparent and efficient delivery process,” TFG Marine said in a social media post. 

“This marks the latest step in TFG Marine’s ongoing investment in technology and best practice across its global bunkering operations, and forms part of a broader push by our North America team to help drive progress across the region’s bunkering industry.”

Last year, TFG Marine announced it reached a key milestone in its global digitalisation programme with the installation of an ISO 22192-compliant MFM on the Buffalo 404, a barge on time charter from American bunker barge company Buffalo Marine Service Inc.

This was the first ISO-certified MFM-equipped bunkering barge operating in the US Gulf.

The installation was part of TFG Marine’s wider strategy to equip close to 90% of its global bunkering fleet with MFMs by 2026 as a commitment towards improving data integrity, streamlining operations and strengthening trust in marine fuel transactions.

Related: TFG Marine installs first ISO-certified mass flow meter on US Gulf bunkering barge

 

Photo credit: TFG Marine
Published: 4 September, 2026

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Biofuel

Report: GCMD outlines practical approach to quantity assurance in marine biofuel supply chains

GCMD releases a new report, highlighting a practical approach to help shipowners verify that they receive both the total quantity of fuel and the renewable content contracted.

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Report: GCMD outlines practical approach to quantity assurance in marine biofuel supply chains

The Global Centre for Maritime Decarbonisation (GCMD) on Thursday (27 August) released its report, Quantity assurance in marine biofuel supply chains, outlining a practical approach to help shipowners verify that they receive both the total quantity of fuel and the renewable content contracted. 

The approach draws on evidence from GCMD’s end-to-end marine biofuel supply chain trials conducted under commercial operating conditions.

Biofuels are purchased not only for their energy content, but also for the renewable content and emissions reductions they represent. The renewable fraction determines the green premium and underpins GHG accounting and regulatory compliance, yet blend ratios, such as B24 or B30, are typically supplier-declared rather than independently verified. Closing this verification gap will strengthen confidence in marine biofuel transactions.

Ensuring reliable measurement of total quantity transferred

Mass flow meters (MFMs) have become the preferred method for custody transfer, as they provide a transparent and auditable basis for determining the quantity of fuel transferred.

However, adding fatty acid methyl ester (FAME) to conventional marine fuels, such as Very Low Sulphur Fuel Oil (VLSFO) or High Sulphur Fuel Oil (HSFO), can reduce the final blend’s viscosity, potentially pushing it outside the validated operating range of the MFM installed on the bunker barge. To maintain measurement integrity, the viscosity of the final blend should therefore be assessed under the actual transfer conditions against the applicable MFM operating range. This can be managed through appropriate transfer-temperature control or by using MFMs that have been validated for broader ranges.

Verifying the renewable fraction in biofuel blends

Verifying the renewable fraction requires appropriate analytical methods. FAME-based blends can be verified through compositional analysis, while hydrotreated vegetable oil (HVO)-based blends require radiocarbon analysis because renewable and fossil hydrocarbons cannot be distinguished through compositional testing. 

Interpreting analytical measurements, however, is not straightforward. Neat FAME may contain up to 3.5% non-ester material, so the measurable FAME content of a finished BXX blend may not exactly match its declared blend ratio.

Laboratory methods also have finite measurement precision. A difference between a measured result and a declared blend ratio therefore does not necessarily indicate incorrect blending or under-delivery.

Together, the three pillars of GCMD’s quality, quantity, and GHG emissions abatement assurance framework address whether the fuel is fit for use, delivers the claimed emissions reductions, and contains the contracted fuel quantity and renewable content. 

Professor Lynn Loo, CEO of GCMD, said: “Buyers need confidence that they have received both the fuel and the renewable content they paid for. This report provides a practical, evidence-backed basis for verifying renewable fuel claims, protecting commercial value and supporting credible GHG accounting as marine biofuel use scales.” 

Note: GCMD’s report can be found here

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 27 August, 2026

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Interview

Exclusive: Caroline Yang takes helm on future of IBIA Asia

The newly appointed Chair of IBIA’s Regional Board – Asia, shares her plans to strengthen bunkering standards while promoting transparency and industry collaboration across key Asian maritime hubs.

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Exclusive: Caroline Yang takes helm on future of IBIA Asia

Caroline Yang, CEO of Hong Lam Marine Pte Ltd, outlines her plans for IBIA Asia in her first interview with Manifold Times since becoming Chair of the Regional Board – Asia:

MT: Why is IBIA important to the bunkering market in Asia?

IBIA Asia is amongst five regional boards operating under the umbrella of London-based IBIA Global. Its presence in Asia is vital because the region, excluding the Middle East, accounts for more than 50% of global bunkering volume.

While Singapore continues to maintain its strong lead as the world’s busiest bunkering port with almost 56 million mt of marine fuel delivered in 2025, several ports in China are showing to be strong bunkering ports as well; these developments take place on the back of a forecast for China to be amongst the leading suppliers of green fuels such as methanol.

Based on this alone, IBIA Asia has to play an important role in raising and addressing issues of suppliers and shipowners and the other parties in the regional bunkering eco-system.

MT: What is the overall state of bunkering standards at major Asian ports and how can IBIA elevate this?

Singapore is the clear leader in standards, acting as a “flag bearer” with established protocols including SS 600 for bunkering, SS 648 for bunker mass flow metering, SS 524 for quality management of bunker supply chain, TR 56 for LNG bunkering, and TR 80 for meter verification using master MFM.

While other Asian ports are adopting mass flow meters – a positive step – IBIA Asia’s role is to disseminate these best practices while maintaining deep respect for local operational realities and regulatory environments.

MT: As Chair of the Regional Board – Asia, what are your plans to make this happen? Are there any topics you will be focusing on?

The IBIA Asia regional board of 10 members from comes from a diverse group of suppliers, shipowners, bunker buyers, fuels testers and bunker tanker owners. Backed by a strong secretariat, we are committed to move the needle for bunkering in Asia.

Our initial strategy is outreach-driven, progressing beyond a Singapore-centric approach. For starters, the board will be concentrating on Hong Kong, Zhoushan, and Shanghai, with potential expansion to Japan and South Korea.

The core objective is to promote the quality, transparency, and integrity of bunkers lifted in Asia. This includes building on existing MOUs such as the collaboration with Hong Kong Shipowners Association (HKSOA) to explore alternative bunker fuels, and participation in regional maritime week programmes.

MT: Do you expect to encounter any challenges? What do you think are the solutions?

Challenges, without a doubt; these include macro-level standards and topical quality issues, such as those highlighted in a recent FOBAS report.

We are aware most solutions will not have instant results, but produce short-term, mid-term and long-term responses.

The solution lies in structured communication and feedback loops involving industry, regulators, and experts. Success requires an altruistic approach where stakeholders prioritise the health of the bunkering ecosystem to achieve win-win outcomes, even at the compromise of individual sectors.

MT: Is participation of local/regional IBIA members included within your plan? How will they be involved?

Member participation is the foundation of an association’s strength. The plan involves active outreach – meeting members where they operate and integrating them into meetings to ensure the board’s positions reflect representative industry views. We must push out credible, strong messages to encourage active engagement. If there is anyone in the maritime bunkering in these areas and reading this interview, reach out to us so we can start our conversations!

The Secretariat and some board members have scheduled to visit and attend bunkering events in Hong Kong and China. In November 2026, IBIA will participate in the Hong Kong Maritime Week by organising a one-day conference. We hope to be also participating in the Shanghai Pudong Maritime Conference and the 9th International Petroleum and Natural Gas Enterprises Conference (IPEC 2026), also known as the “Zhoushan Bunker Oil conference”, in late October.

MT: How will previous experience gained at SSA, ICS, MPA, SMF, and Hong Lam Marine contribute to your role at IBIA?

As CEO of Hong Lam Marine, our bunker tankers supply about 10% of bunkering volume in Singapore, so we are an involved and relevant stakeholder. My experiences in the above-mentioned organisations have taught me how to crystallise and articulate important issues, engage effectively with diverse stakeholders, and leverage on pre-existing professional connections to engage more effectively for IBIA Asia.

Related: IBIA announces Caroline Yang as new Regional Board Chair for Asia
Related: IBIA and Hong Kong Shipowners Association to collaborate on alternative bunker fuels
Related: FOBAS report warns of growing operational risks from ISO-compliant bunker fuels

 

Photo credit: Manifold Times
Published: 6 August 2026

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