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ENGINE introduces price tracker of comparable alternative and conventional bunker fuels

Platform introduced its Fuel Switch Snapshot and also teamed up with price reporting agency and biofuels specialist PRIMA Markets on biofuel-blended bunker fuel benchmark prices.

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ENGINE introduces price tracker of comparable alternative and conventional bunker fuels

Bunker intelligence platform ENGINE on Wednesday (13 March) introduced its Fuel Switch Snapshot, a price tracker of comparable alternative and conventional bunker fuels in the world’s two biggest bunkering hubs, Singapore and Rotterdam.

Despite the EU Emissions Trading System’s (EU ETS) tax on carbon, burning HSFO, VLSFO or LSMGO and paying for the CO2 they emit still pays off when bio-blended alternatives are priced as high as they are today. 

However, as time goes on and penalties increase, the switch to alternative fuels becomes a question of when, not if.

ENGINE’s weekly Fuel Switch Snapshot provides an apples-to-apples comparison of bunker fuels on the market, so buyers can consider not only the outright price of the fuels, but also how far their ships can sail on them and what they will pay to burn them on EU-linked voyages.

Once a week, ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. 

The prices will come adjusted for calorific contents – the bang for your buck – and with costs of emitting CO2 in the EU both included and excluded. This is to illustrate the impact of the EU ETS on pricing and provide the best possible generalised comparison tool in these fast-changing times.

ENGINE has also teamed up with price reporting agency and biofuels specialist PRIMA Markets on biofuel-blended bunker fuel benchmark prices.

Combining ENGINE’s conventional bunker fuel benchmarks with PRIMA Market’s assessed biofuel benchmarks, and backing them up with stems, generates robust B24 and B30 benchmarks for Rotterdam, Singapore and Los Angeles.

Together, we are launching a series of eight bio-bunker benchmark prices:

  • B30 VLSFO Rotterdam HBE
  • B30 LSMGO Rotterdam HBE
  • B30 UCOME VLSFO ARA
  • B30 UCOME LSMGO ARA
  • B24 UCOME VLSFO Singapore
  • B24 UCOME LSMGO Singapore
  • B30 UCOME VLSFO Los Angeles
  • B30 UCOME LSMGO Los Angeles

The two HBE prices listed above contain 30% biofuel produced from advanced bio feedstocks listed in Annex IX Part A of the EU’s recast Renewable Energy Directive (RED II). Advanced biofuel prices are effectively rebated through the Dutch hernieuwbare brandstofeenheden (HBE) system, and this HBE rebate is currently about 3-4 times greater than the EU Allowance (EUA) deduction for the same biofuels.

The six other used cooking oil methyl ester (UCOME) benchmarks represent biofuels produced from bio feedstocks listed in Annex IX Part B of RED II. These do not qualify for Dutch HBE rebates and are therefore typically priced higher than advanced biofuels in the Netherlands – the world’s biggest market for bio-bunkers.

All eight of these new benchmark prices will be displayed with market commentary in the news feed on the ENGINE marine fuel intelligence platform and the PRIMA CarbonZero data analytics platform.

ENGINE managing editor Erik Hoffmann, said: “Biofuels are increasingly making their way into the bunker blending pool as regulations on ship emissions tighten and incentives to burn more sustainable fuels grow.”

“Partnering with PRIMA Markets on bio-bunker price benchmarks makes a lot of sense for ENGINE because PRIMA is a trustworthy and rigorous price reporting agency that produces robust price assessments on bio feedstocks and finished biofuels.”

“In the marine space, ENGINE has developed the industry’s largest database of real bunker market transactions to bring transparency to this historically opaque market. Combining PRIMA’s biofuels expertise with ENGINE’s bunker market intelligence makes for a strong combination and we’re thrilled to be able to deliver these specialist benchmark prices.”

PRIMA Markets director Matthew Stone, said: “The marine market is the latest entrant to the booming renewables space. PRIMA Markets has a long history of helping firms across different verticals develop and execute their emissions reduction strategies.”

“PRIMA Markets provides the data, information frameworks and deep understanding of the market from feedstocks to renewable fuels to allow firms to execute successful strategies in Renewables.”

“PRIMA is proud to be working with ENGINE to extend its services to shipping firms, bunker blenders, and the end-users looking to reduce the emissions profile of their products as they cross the globe.”

 

Photo credit: ENGINE
Published: 18 March 2024

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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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Alternative Fuels

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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