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IBIA: The Future is Ours

Henrik Zederkof, Chairman of IBIA, has published a report on the organisation’s activities to date; sharing positive developments for the bunkering sector.

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The Chairman of the International Bunker Industry Association on Tuesday (16 June) published a report on the organisation’s activities to date; the report has been shared with Singapore bunkering publication Manifold Times:

Dear IBIA members,

The future of our industry complex and the uncertainty can sometimes be overwhelming as the path forward seems blurry and confusing with the many roads towards a greener and more digitalized future.

However, this complexity will be the accelerator of our industry for transforming it to the next level beyond IMO’s 2030 and 2050 greenhouse gas (GHG) emission reduction targets, toward the ultimate goal of carbon neutral transportation.

During the next decade, we will be part of a transformation that will change the bunker industry forever and bring us fast forward to the future where green solutions will be key for worldwide sea transport.

To cope with such a large transformation, we have in IBIA been preparing for some time, working on three major areas of focus:

  • IBIA ORGANISATION DEVELOPMENT
  • BUNKER LICENSING SCHEME AND MFM
  • IMO 2030 & 2050 ENGAGEMENT

I am delighted to say that all three areas have had a lift-off during the past six months, despite the Covid-19 challenges, and that IBIA is moving faster than ever before on those areas with the clear ambition of preparing IBIA as an organisation to guide, gather and influence our industry towards the future.

IBIA remains the voice of the bunker industry at IMO – the UN organ for maritime affairs – where IBIA’s director Unni Einemo has raised our concerns and points of view and made an effort to influence the future for our industry where it really matters.

The work and effort that the IBIA working groups, secretariat and a wide range of members put into the preparation and understanding of the complex, political and highly sensitive discussion at the IMO is a huge inspiration for me as IBIA chairman. I am again and again amazed by the quality of the work IBIA is capable of bringing to the table at IMO.

This unique position that we in IBIA have worked for and today fulfill on behalf of the bunker industry is something that we will continue to focus on as the decisions that IMO takes will have a large influence on all our businesses, hence the importance of continuing the dedicated work that IBIA does at IMO.

IBIA ORGANISATION DEVELOPMENT

The process of establishing IBIA regional boards organization is well underway. Presently, the global board is reviewing the proposal to establish an interim regional IBIA board for Africa and we expect to be able to launch this during July 2021.

In Asia our interim regional IBIA board has been active for more than a year with great success. The regional board has proven to us all that with the right local involvement, IBIA can bring even more value, both for the region and the overall work and influence at IBIA, as the distance from the regions to the global board has become much shorter. IBIA, as a membership-based organization, has benefitted greatly by this development.

Next in line will be the Americas where we are getting closer to taking a decision on the regional interim board.  This work is led by Adrian Tolson with strong assistance from Eugenia Benavides, Nicolas Vukelja and Steve Simms, who are all members of the IBIA global board. With these people we are confident that we have a very capable team on this task.

We trust that we will be able to share further updates about progress with the interim regional board for Americas at the IBIA Conference on 1–2 September this year.

IBIA WORKING GROUPS

The IBIA working groups have always been a fundamental part of the value that IBIA has provided its members.

Recently we have launched two new dedicated work groups, who together with our existing Legal working group all work on dedicated tasks that support IBIA’s three focus areas.

One of these is the Future Fuels working group that will support IBIA’s ambition to manage the GHG challenges for the shipping industry. The chairman of this working group is IBIA board member Constantinos Capetanakis of Star Bulk and many IBIA members have volunteered to participate in this important work.

The other is the IBIA Bunker Licensing & MFM working group, where we have been fortunate to have Alexander Prokopakis, the CEO of ProBunkers, taking the helm as chairman.

This dedicated working group directly supports IBIA’s ambition of a more transparent and aligned view on Bunker Licensing & MFM in the major bunker hubs.

Both groups are off to a roaring start and when I look at the members who have joined the working groups, I feel that we at IBIA can be very proud of both the diversity among the members and the power in these working groups. This confirms that IBIA’s influence and position in the industry is second to none.

Finally, one of the largest and more complex assignments is the transformation of IBIA to have both a global board and regional boards.  IBIA’s board members are determined to ensure that the future will be based on a fair and transparent election process for both the regional and global boards, and we have given this difficult task to the Legal working group.

Once again, I am positive when I see the list of the members who are already engaged in this. The legal capacity and geographical reach are impressive, and I am confident that our Legal working group will be able to overcome the challenging task ahead of them.

The IBIA working groups are one of many of our membership offerings where we see IBIA adding value both for those who actively participate in the working groups and for all members. When sharing conclusions and findings from our working groups with the members, or the results become part of IBIA politics and future direction; that is where we experience that we are adding value.

I want to thank all the members and chairmen of our working groups for your efforts. It is your work that forms a large and important part of the direction of IBIA and continues to make IBIA relevant and influential in the industry.

I am confident that the future will continue bringing us challenges, but with a strong platform, we can ensure that IBIA members with different views and background can meet and learn from each other and together better overcome whatever we will be faced with in the future.

 

Henrik Zederkof
IBIA Chairman

 

Photo credit: International Bunker Industry Association
Published: 17 June, 2021

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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