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Singapore: Golden Island Diesel Oil Trading to start methanol bunkering operations at republic by 2026

‘We have already finished the design phase for the methanol bunkering tanker which will be between 8,000 to 12,000 dwt in size,’ says Tomohiro Yamano, General Manager, Marine Fuel Department.

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Golden Island methanol bunker tanker

Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) is planning to start bonded methanol bunkering operations at the republic in 2026, learned Manifold Times on Friday (10 February).

“We have already finished the design phase for the methanol bunkering tanker which will be between 8,000 to 12,000 dwt in size,” said Tomohiro Yamano, General Manager, Marine Fuel Department.

“The next step is to select a ship yard located in either Japan or China for construction of the vessel which will be delivered by 2026.

“We are first starting with the supply of grey methanol, followed with green and/or blue methanol marine fuel at a later stage.”

Yamano-san noted Golden Island to be starting methanol bunkering operations with two partners, with the cargo being sourced from either Asia or the Middle East, but declined to provide further details.

Johnny Tan, Managing Director of Golden Island, meanwhile shared the company’s rationale for embarking onto the methanol bunkering bandwagon.

“Methanol is not a new product and has been traded in the market for many years. Hence, supplies are plentiful and available at many ports around the world,” said Mr Tan.

“It is a much more efficient material to transport, store, and handle when compared to fuel oil and other alternative marine fuels.

“Though fuel oil offers 2.0 times more calorific value than methanol, we find the price of methanol to be still competitive to fuel oil when comparing on an energy content basis – especially when market conditions are favourable.”

He explained prices for methanol had been steadily hovering between USD 300 to 400 per metric tonne (pmt) since January 2022 till date.

During the similar period, prices for low sulphur fuel oil (LSFO) had fluctuated from a high of approximately USD 1,050 pmt [in June 2022] to a low of around USD 550 pmt [in December 2022].

Mr Tan further highlighted the approaching methanol-fuelled tonnage as a key point for Golden Island to start investments in methanol bunkering operations.

“Above all, the global maritime sector is heading towards decarbonisation and we as marine energy suppliers situated at the world’s largest bunkering port need to do our part as well.”

Related: Methanol Institute: ‘Plausible’ business opportunity, lower barriers to entry for methanol bunkering first movers
Related: Methanol Institute: ‘Turning point’ for methanol as bunker fuel reached with A.P. Moller – Maersk leading change
Related: KSOE wins USD 2.05 billion order to build 12 methanol-powered VLCCs
Related: Stolt Tankers performs ship-to-ship methanol bunkering in Port of Gothenburg
Related: World-unique methanol bunkering operation carried out in the Port of Gothenburg

 

Photo credit: Golden Island Diesel Oil Trading
Published: 15 February, 2023

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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