Connect with us
DNV Decarbonization Insight Series August 2026 - What maritime professionals should know about AI Training

Technology

BIMCO introduces monitoring service for bunker prices for members

Interactive graphs allow price fluctuations at major bunkering hubs of Singapore and Rotterdam to be tracked.

Admin

Published

on

5da03043725c0 1570779203

BIMCO on Thursday (10 October) introduced a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members, it says.

The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked.

They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulphur), both in USD per metric ton, as well as the spread between the two fuel types, with data available since June 2017. The spread between the fuel types is of keen interest to the shipping industry as the 2020 Sulphur cap looms ever closer.

380cST HSFO is chosen over 180cST HSFO as the latter is becoming increasingly less popular among ship-owners and has only limited availability in both Singapore and Rotterdam. MGO LS is chosen over VLSFO as there is currently neither a consistent demand nor a standard product of VLSFO (very low sulphur fuel oil) and its price is therefore not yet being published on a regular basis.

As 1 January 2020 approaches, demand is likely to grow as VLSFO will be the cheapest compliant fuel for ships without an exhaust gas scrubber. VLSFO will be added to the graphs once reliable price information on a standard product can be obtained.

Fuel spread will determine whether an investment in scrubbers will pay off

The price difference between high and low sulphur fuel will be the determinant factor as to whether an investment in scrubbers will pay off for shipowners. Scrubbers allow for the continued use of the cheaper HSFO, whereas those who have opted not to install one will have to rely on a more expensive low sulphur fuel.

With the new tools enabled by BIMCO, members can now follow the bunker prices and spreads as they unfold in real time and track the payback time for a scrubber investment.

“All stakeholders in the shipping industry will want to keep a close eye on the development of high sulphur and low sulphur fuel prices as the deadline for compliance approaches,” says Peter Sand, BIMCO’s Chief Shipping Analyst.

“With 83 days left until the new regulation comes into force, the days of speculation about the fuel spread are drawing to a close and shipowners must square up to the added cost.”

Published: 11 October, 2019
 

Continue Reading

Events

London forum to address critical bottlenecks holding back maritime decarbonisation

Marine Energy Transition Forum 2026 will be held on 11 November to address bunker fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

Admin

Published

on

By

London forum to address critical bottlenecks holding back maritime decarbonisation

The Marine Energy Transition Forum (METF) 2026 will bring together leading voices from across the global maritime sector on 11 November 2026 at Norton Rose Fulbright, London.

The forum will tackle one of shipping’s most pressing challenges: how to overcome the fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

Under the theme “Reframing the maritime decarbonisation roadmap: addressing fuel, technology and infrastructure bottlenecks,” the one-day forum will provide a platform for shipowners, fuel suppliers, technology developers, ports, policymakers and financiers to examine the practical steps needed to accelerate progress while maintaining commercial competitiveness.

As the maritime industry navigates an increasingly complex regulatory and commercial landscape, METF 2026 will focus on delivering practical insight into the challenges—and opportunities—shaping the next phase of the energy transition.

The conference programme will explore five key themes:

  • The effectiveness of current regulatory frameworks and policy measures, including regional and international initiatives driving maritime decarbonisation.
  • Progress in developing a resilient multi-fuel future, examining investment, fuel availability, supply chains and infrastructure.
  • The commercial readiness of emerging technologies, including alternative propulsion systems, vessel optimisation, batteries, carbon capture, wind propulsion and digital solutions.
  • Building a supportive business environment for energy transition companies, with discussions covering finance, innovation, scaling businesses and market development.
  • The evolving role of ports as critical enablers of shipping’s energy transition through new fuel infrastructure, shore power and energy cluster development.

METF 2026 is designed to encourage open discussion between every part of the maritime value chain, recognising that collaboration across fuel producers, shipowners, ports, technology providers, investors and policymakers will be essential if global decarbonisation ambitions are to be achieved.

The event will feature expert speakers, panel discussions and extensive networking opportunities, enabling delegates to exchange ideas, develop partnerships and gain practical insight into the strategies shaping the future of maritime energy.

Registration for METF 2026 is now open. Further information and registration can be found here

 

Photo credit: ship.energy
Published: 13 August, 2026

Continue Reading

LNG Bunkering

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit, dedicated to the LNG bunkering market.

Admin

Published

on

By

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Ship owner EXMAR on Thursday (6 August) announced that it has taken delivery of the 146,000 m³ LNG Carrier SIMAISMA

The vessel is secured under an initial seven-year charter contract with a “first-class counterpart”. 

“The vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit (FTU), dedicated to the LNG bunkering market,” it said in a statement. 

The FTU will receive large parcels of LNG from trading LNG carriers and specialised LNG bunkering vessels will load at the FTU before supplying it as a fuel to vessels that use this LNG as a bunker fuel.

EXMAR’s CEO, Carl-Antoine Saverys, said: “EXMAR is gladly assisting its client in further paving the way to unlock LNG as a fuel for the shipping industry. 

“The FTU is a smart solution with which our client brings down the costs of the logistics relating to the LNG bunkering. 

“With this solution, we are building upon EXMAR’s close to 50 years of LNG experience. We look forward to deploying more of these assets to unlock the full potential of LNG as a fuel for the maritime industry.”

 

Photo credit: EXMAR
Published: 7 August, 2026

Continue Reading

FuelEU

Skuld on FuelEU Maritime: Early lessons from first year of compliance

Joe Bettles of Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping discusses the first FuelEU Maritime compliance results and what they indicate for the shipping industry.

Admin

Published

on

By

RESIZED Chris Pagan

With the first FuelEU Maritime compliance data emerging after the inaugural year of greenhouse gas (GHG) intensity reporting for ships trading in the EU, marine insurer Skuld spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, to examine what the early results reveal: 

The first data on FuelEU Maritime compliance is now emerging, following the first year of reporting against greenhouse gas (GHG) intensity targets for shipping companies trading in the EU.

To better understand what the early results show, we spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (Center). The Center recently published its analysis of the first reporting year in the article “What did we learn from the first year of FuelEU?”

Under the regulation, shipowners have several options for compliance, including:

  • The pooling mechanism, which allows vessels with a compliance surplus to trade it with other vessels.
  • The borrowing mechanism, which allows companies to defer a compliance deficit to the following year for a 10% surcharge.
  • Meet the target by using low GHG intensity fuels.
  • Pay the FuelEU penalty (penalty).

Pooling becomes the preferred option

The first year of reporting indicates that pooling has quickly become the preferred choice. According to data from the European Commission, 92% of vessels used the pooling mechanism, while only 2% used borrowing. The remaining vessels either paid the penalty or met the target by using LNG or other low-GHG energy sources.

Commenting on the findings, Joe Bettles says: “Our insights from the first year of reporting indicate that shipping companies were able to comply with the targets, with most using the pooling mechanism. This shows that FuelEU is working as intended. As we approach the IMO’s upcoming discussion on the Net-Zero Framework (NZF), FuelEU demonstrates that it is possible for the global fleet to comply with a GHG intensity regulation using existing fuels and providing incentives for the uptake of cleaner energy sources.”

A developing market for compliance surplus

The Center’s article also reviews the different pooling platforms available to shipping companies seeking to meet their obligations under the regulation. The price of compliance surplus, averaging around EUR 208/tCO₂eq, remained relatively stable, suggesting that the market matured early, with buyers generally able to find sellers.

On the development of the pooling market, Joe notes: “The prices for trading compliance surpluses remained well below the EUR 640/tCO₂eq penalty for VLSFO, making the pooling mechanism significantly more attractive than paying the penalty.”

Fuel choices remain central to compliance

The role of fuel choice is also important. Looking at fuels supplied to the FuelEU market, the Center estimates that 3.22 million tCO₂eq of reductions, relative to an all-VLSFO fleet, will be required to meet the 2% reduction target between 2025 and 2029. Based on analysis of previous years’ fuel consumption, the Center indicates that LNG may have contributed around one-third of the required reduction. Biofuel blends account for the remainder, with biodiesel and bio-LNG dominating the low-GHG fuel mix.

Joe highlights how the pooling mechanism can help extend the impact of lower-GHG fuels across the fleet: “Although LNG is not a drop-in replacement for VLSFO, the pooling mechanism under FuelEU allows an LNG-fuelled vessel to share its over-compliance with other vessels that cannot physically use LNG. Depending on the engine type in the ship, LNG can remain compliant with the 14.5% reduction target through 2039 and can further extend its compliance through banked surplus or by using liquified biomethane.”

Three early lessons from FuelEU Maritime

Drawing on the first year of reporting, Joe Bettles and the Center identify three lessons that may also be relevant for the IMO in the future.

First, the results indicate that a fuel standard for shipping can work. FuelEU’s first year has created incentives for the use of alternative fuels and a market for those who prefer to pay for emissions compliance.

Second, regulations should include mechanisms that support a broader mix of energy sources. Lower-maturity alternatives, such as wind-assisted propulsion, e-fuels and onshore power, still represented a limited share of the mix.

Third, policy stability and clear reduction pathways can help reduce uncertainty for shipping companies and support the business case for investment in cleaner alternatives.

Supporting knowledge sharing across the maritime value chain

Skuld is a Mission Ambassador to the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, supporting its work as a platform for collaboration, knowledge sharing and practical insight across the maritime value chain.

“The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is a highly valuable forum for us at Skuld. It provides access to a broad network of industry stakeholders and helps us stay close to the challenges shipowners face in meeting regulatory requirements and reducing emissions. Just as importantly, it serves as a platform for dialogue and knowledge sharing across the maritime value chain” – Matias Bøe Olsen, Decarbonisation and transition risk lead, Skuld.

Note: Read the full article on FuelEU’s first-year experiences here.

 

Photo credit: Chris Pagan on Unsplash
Published: 7 August, 2026

Continue Reading

Trending