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ENGINE on Biofuel Bunker Snapshot: Sharp fall in bio-bunker prices across key hubs

Bio-premiums widen in Rotterdam; Dutch rebates for biofuel remain steady.

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ENGINE on Biofuel Bunker Snapshot: Sharp fall in bio-bunker prices across key hubs

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

9 September 2024 

  • Bio-premiums widen in Rotterdam
  • Dutch rebates for biofuel remain steady

Singapore

Singapore’s B24-VLSFO UCOME price has dropped by $24/mt in the past week, while its B24-LSMGO UCOME price has seen a steeper decline of $41/mt. Both bio-benchmarks have declined amid a drop in values of pure VLSFO and LSMGO. The sharper $52/mt fall in the underlying ENGINE conventional LSMGO price has contributed to the more pronounced decline in the B24-LSMGO UCOME price.

The PRIMA Markets-assessed UCOME FOB China benchmark fell by $5/mt on the week to $955/mt. It says pricing activity for Chinese UCOME FOB in bulk was mostly muted last week. “With the open market being quiet for pricing activity, there were muted indications through [last] Thursday,” PRIMA says.

It adds that inflows of Chinese UCOME into EU countries are expected to decline over the rest of the year because of EU-anti dumping duties. As a result, Chinese biodiesel producers may be compelled to export UCOME to alternative markets, such as Singapore for bunkering, potentially at a discount. This shift could make biofuel bunkering more affordable in Singapore.

Singapore’s B24-VLSFO UCOME premium over pure VLSFO has widened by $6/mt in the past week to $112/mt, while its B24-LSMGO UCOME premium over pure LSMGO has widened by $11/mt to $105/mt.

Rotterdam

Rotterdam’s B30-VLSFO HBE price has come down by $19/mt over the past week and its B30-LSMGO HBE price has dropped by $30/mt. Decreases in the values of pure VLSFO ($23/mt) and pure LSMGO ($38/mt) have contributed to the decline in both biofuel benchmarks.

Additionally, the POMEME CIF ARA price has decreased by $9/mt over the past week to $1,336/mt, according to PRIMA Markets, exerting further downward pressure on both benchmarks.

The Dutch HBE A ticket price has held steady in the past week. PRIMA assessed the ticket price at €8.60/GJ ($9.50/GJ) on Friday, a marginal increase of €0.05/GJ($0.06/GJ) on the week. The ticket price is crucial as it determines how much Dutch bunker suppliers can reclaim from authorities when selling advanced biofuels to ships. It theoretically translates to about $85/mt a supplier can reclaim for B30-VLSFO HBE sold in Dutch ports.

Biofuel price premiums over pure conventional fuels in Rotterdam are $185/mt for B30-VLSFO HBE blends and $156/mt for B30-LSMGO HBE blends. These premiums have widened by $4-8/mt on the week and are much wider compared to Singapore.

The ARA VLSFO UCOME price has declined in tandem with B30-VLSFO HBE Rotterdam in the past week. UCOME-based biofuel blends are priced higher as they don’t qualify for Dutch advanced biofuel rebates.

By Nithin Chandran

 

Photo credit and source: ENGINE
Published: 10 September, 2024

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Alternative Fuels

MPA and MSC ink MoU to support adoption of alternative bunker fuels

MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency.

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MPA and MSC ink MoU to support adoption of alternative bunker fuels

The Maritime and Port Authority of Singapore (MPA) on Wednesday (3 June) said it signed a Memorandum of Understanding (MoU) with MSC Mediterranean Shipping Company to strengthen collaboration in maritime decarbonisation, digitalisation, innovation, and manpower development. 

The MoU was signed on 25 May 2026 by Mr Ang Wee Keong, Chief Executive of MPA, and Mr Soren Toft, Chief Executive Officer of MSC.

The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore. This year also marks the 30th anniversary of MSC establishing its Asia Regional Office and local office in Singapore.

Under the MoU, MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency and operational performance.

MPA and MSC will also collaborate on maritime digitalisation initiatives to improve operational efficiency, including streamlining vessel arrivals and port operations. 

On manpower development, MSC will support internship and scholarship opportunities through Singapore Maritime Foundation’s Maritime Outreach Network (MaritimeONE) platform, an industry-led tripartite partnership comprising industry, government and institutes of higher learning that aims to raise awareness of the maritime industry and attract quality talent into the maritime sector.

Mr Ang Wee Keong, Chief Executive of MPA, said: “This partnership reflects the strong collaboration between MPA and MSC in driving sustainability and digitalisation in the maritime sector. By working together on decarbonisation, operational efficiency and talent development, we aim to strengthen Maritime Singapore’s position as a trusted and future-ready global maritime hub.”

Mr Soren Toft, Chief Executive Officer of MSC, said: “Singapore is a strategically important hub for MSC and a key gateway to the broader Asia region. As we mark 30 years in Singapore, this MOU reinforces our long-term commitment to strengthening our presence here. MSC and Singapore are closely aligned on the priorities shaping the future of global shipping, and we look forward to deepening this partnership to drive the continued growth and resilience of the maritime industry.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 4 June, 2026

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Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

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BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

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Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

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NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

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