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ENGINE on Fuel Switch Snapshot: LNG rises in Rotterdam, soars in Singapore

Rotterdam’s LNG price driven higher by supply concerns; Singapore’s LNG bunker demand sees a sharp uptick.

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ENGINE on Fuel Switch Snapshot: LNG rises in Rotterdam, soars in Singapore

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot: 

25 March 2024 

  • Rotterdam’s LNG price driven higher by supply concerns
  • Singapore’s LNG bunker demand sees a sharp uptick

All the prices in the chart above are adjusted for their fuels’ different calorific contents. This makes each of them VLSFO-equivalent, which means that the same weight of fuels in metric tonnes (mt) will theoretically allow you to sail the same distance because they contain equal amounts of energy.

B24-VLSFO and B24-LSMGO premiums over conventional VLSFO and LSMGO grades are down by $5-6/mt in Rotterdam, and by $3-5/mt in Singapore.

B24-VLSFO is still a pricy alternative to pure VLSFO in Rotterdam, keeping at a $121/mt premium. Including EU ETS costs between two EU ports only shaves off $20/mt on that premium, to make it $101/mt.

Rotterdam’s LNG price has risen against every other fuel, except for HSFO. That has affirmed LNG place as the cheapest alternative in Europe.

The story is different for LNG in Singapore, where it has shot up to a $41/mt wider premium over HSFO in the past week. It is now priced $47-52/mt higher than HSFO, depending on whether carbon costs to an EU ports are included.

VLSFO

VLSFO benchmarks in Rotterdam and Singapore have been steady in the past week. Rotterdam’s VLSFO benchmark has declined by a marginal $1/mt, while Singapore’s benchmark has declined by $5/mt.

VLSFO availability remains good in Rotterdam. Traders still advise lead times of 4-5 days for the grade.

Prompt availability of VLSFO has gotten better in Singapore despite increased bunker demand. Most suppliers recommend up to 10 days of lead time, while some can accommodate stems in as little as two days in the port. This has improved from the week prior, when traders recommended longer lead times of 9-13 days.

Biofuels

Rotterdam’s B24-VLSFO HBE bunker price has made a modest $7/mt drop. This price is for an advanced biofuel that is rebated through the Dutch hernieuwbare brandstofeenheden (HBE) system.

The Dutch rebate for B30-VLSFO bunkered in the Netherlands has gained by $13/mt to $82/mt over the past week. HBE tickets of A-listed feedstocks gained by €1.40/gigajoule (GJ) ($1.52/GJ) on the week to midpoint at €8.55/GJ ($9.26/GJ), according to PRIMA Markets.

Bigger Dutch rebates have added downward pressure on Rotterdam’s B30-VLSFO HBE bunker price benchmark.

Singapore’s B24-VLSFO UCOME bunker price has shed $9/mt in the past week, amid lower demand and additional inflows of Chinese UCOME in the region.

Two sources told ENGINE that there have been few enquires for bio-bunker blends in Singapore in the past week. Additional inflows of Chinese UCOME into Singapore could pull bio-bunker prices lower in the port. The port’s bio-bunker demand has been too low to match increased supply of Chinese UCOME, another source says.

LNG

Rotterdam’s LNG bunker price has remained roughly steady in the past week, noting a slight $4/mt gain. The price tracked a marginal $4.69/mt rise in the front-month NYMEX Dutch TTF Natural Gas benchmark.

The uptick in Rotterdam’s LNG bunker price was primarily driven by a combination of supply concerns and increased spot demand from buyers.

The US Freeport LNG export plant in Texas shut down its liquefaction trains for repairs, increasing supply pressure in Europe. The US is the largest LNG supplier to Europe. It supplied nearly 48% of the total LNG imported into Europe in 2023, according to US Energy Information Administration data.

Shrinking European gas inventories also added to the upward pressure.

Singapore’s LNG bunker price has spiked by $40/mt in the past week, driven by a sharp increase in the region’s overall LNG demand.

A surge in Singapore’s LNG bunker demand has led to a rapid filling of bunker slots. There is already a shortage of slots for April dates, a source told ENGINE.

The price was also supported by higher LNG demand from spot buyers. The price-sensitive buyers from China, India and southeast Asia continued to capitalise on lower prices by increasing their spot LNG purchases, Sparta Commodities analsyt, Samantha Hartke told ENGINE.

By Konica Bhatt and Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 26 March 2024

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LNG Bunkering

Shell expands LNG bunkering footprint in Spain with Valencia

As one of the region’s key maritime hubs, the company said Valencia expands the options available to shipowners seeking LNG supply along major shipping routes.

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Shell expands LNG bunkering footprint in Spain with Valencia

British oil giant Shell on Thursday (13 August) said Valencia has joined its growing network of bunkering locations, making LNG available as a marine fuel.

The successful completion of the first LNG bunkering operation in Valencia marked an important milestone for Spain and further strengthened Shell’s LNG supply capabilities across the Mediterranean. 

In a video shared by the company, bunkering vessel Alice Consulich was shown supplying an undisclosed volume of LNG to the container ship MSC Sabrina.

“As one of the region’s key maritime hubs, Valencia expands the options available to shipowners seeking LNG supply along major shipping routes,” Shell said in a social media post. 

Shell said the achievement reflected the strong collaboration across the maritime value chain, including MSC Mediterranean Shipping Company, the Port of Valencia and Fratelli Cosulich Group.

“We look forward to making more LNG bunker deliveries in Valencia and across the Mediterranean as LNG infrastructure and capabilities continue to expand,” the company said. 

 

Photo credit: Shell
Published: 14 August, 2026

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LNG Bunkering

Énestas and Power LNG join forces on Galveston bunkering

Énestas will provide capital, LNG transport and storage equipment, and downstream expertise to support Power LNG’s planned liquefaction and marine bunkering facility on Pelican Island.

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Stabilis Solutions enter 10-year LNG bunkering supply deal for Port of Galveston

Power LNG (Power LNG) and Mexico’s LNG infrastructure and downstream natural gas company Énestas on Wednesday (12 August) announced the execution of definitive agreements establishing a strategic partnership to accelerate the development of LNG infrastructure at the Port of Galveston.

Under the agreement, Énestas will provide capital, LNG transportation and storage equipment, and downstream operating expertise to support the development of the Harborside Terminal and Project Seawolf, Power LNG’s planned LNG liquefaction and marine bunkering facility on Pelican Island.

The partnership creates an immediate pathway to begin LNG distribution by truck while Project Seawolf is under development, supporting marine fueling, virtual pipeline customers, industrial users, and LNG exports throughout the Gulf Coast, Latin America, and the Caribbean.

“Our vision has always been to establish Galveston as the premier LNG hub for the Gulf Coast,” said Austin Terry, Founder and CEO of Power LNG. 

“Énestas brings years of operational experience, proven LNG infrastructure, and a talented team that understands how to deliver LNG safely and efficiently. Together, we can immediately begin serving customers while laying the foundation for one of the most strategic LNG bunkering facilities in North America.”

Project Seawolf will provide LNG for marine bunkering, truck loading, virtual pipeline distribution, and international exports. The facility is strategically located at the Port of Galveston, serving one of the fastest-growing cruise, cargo, and energy corridors in the United States.

For Énestas, the transaction represented an important milestone in the company’s international growth strategy.

“This partnership represents a natural evolution for Énestas as we expand our downstream LNG business into the United States,” said Caio Zapata, Chief Executive Officer of Énestas. 

“For more than a decade, Énestas has developed and operated LNG infrastructure throughout Mexico, helping customers transition to cleaner, more reliable energy. Partnering with Power LNG allows us to leverage that experience in one of the most attractive LNG markets in North America. We see tremendous opportunities in marine bunkering, virtual pipeline logistics, industrial LNG supply, and exports to Latin America and the Caribbean, and we are excited to build that future together.”

The companies expect the partnership to support near-term LNG truck loading operations while advancing the long-term development of Project Seawolf, which is designed to become a regional hub for LNG production, marine fueling, and distribution.

The collaboration also establishes a platform to pursue additional downstream LNG opportunities throughout the Gulf Coast, utilising Énestas’ operational expertise together with Power LNG’s project development capabilities.

 

Photo credit: Port of Galveston
Published: 14 August, 2026

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LNG Bunkering

Stabilis delivers more than 150,000 cbm of LNG bunker fuel at Galveston

Company says the advancement of its proposed Stabilis Galveston LNG Facility is a natural progression of its established LNG bunkering footprint in Galveston.

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Stabilis delivers more than 150,000 cbm of LNG bunker fuel at Galveston

Clean energy production solutions provider Stabilis Solutions (Stabilis) on Thursday (13 August) said it has completed 97 LNG bunkering operations and delivered more than 150,000 m³ of LNG to customers in the Port of Galveston.

“As the only physical supplier of LNG on the Gulf Coast to reach this milestone, we’ve earned a reputation as a trusted, proven operator — both with local Galveston stakeholders and with the world’s largest cruise operator,” the company said in a social media post.

“That trust is reflected in the 10-year LNG offtake agreement we executed in December 2025.”

The company said the advancement of its proposed Stabilis Galveston LNG Facility is a natural progression of its established LNG bunkering footprint in Galveston. 

“As a Houston-based company, we believe in the Texas economy and the future growth of the Port of Galveston,” it added.

“That belief is why we’ve invested heavily over the past four years in the planning, permitting, and engineering design work to develop the most advanced, derisked, shovel-ready small-scale LNG liquefaction project on the Gulf Coast.”

Manifold Times previously reported Stabilis stating that the proposed Stabilis Galveston LNG Facility is anticipated to be in production by the third quarter of 2028.

It will come complete with the delivery of the first new-build, dedicated Jones Act-compliant LNG bunker barge in the Galveston/Houston area.

This comes following Stabilis receiving a Letter of Recommendation from the US Coast Guard following their formal review of the proposed Stabilis Galveston LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

Related: Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility
Related: Stabilis Solutions terminates 10-year LNG supply deal, expects delay in Galveston project

 

Photo credit: Stabilis Solutions
Published: 14 August, 2026

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