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ENGINE on Fuel Switch Snapshot: B100 regains price edge to HSFO

B100 back to a discount to HSFO with EU regs; LNG rises to greater premiums over VLSFO and HSFO.
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ENGINE on Fuel Switch Snapshot: B100 regains price edge to HSFO

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:

  • B100 back to a discount to HSFO with EU regs
  • LNG rises to greater premiums over VLSFO and HSFO

Rotterdam’s VLSFO-equivalent B100 (100% biofuel) price has shifted from a $19/mt premium over HSFO last week to a $3/mt discount. These prices include estimated EU ETS carbon prices and FuelEU penalties for conventional fuels like HSFO, and an estimated pooling benefit for B100.

A $657/mt theoretical pooling benefit under FuelEU reduces the cost of VLSFO-equivalent B100 to $670/mt in Rotterdam. This price includes a Dutch HBE rebate, which has remained broadly steady at $356/mt, according to a PRIMA Markets assessment.

For vessels powered by dual-fuel Otto medium speed (Otto MS) LNG engines, bunkering VLSFO-equivalent fossil LNG in Rotterdam costs over $150/mt more than VLSFO – when accounting for EU compliance costs on EU-EU routes.

For scrubber-fitted dual-fuel Otto MS vessels, LNG is now $210/mt costlier than HSFO, with estimated compliance costs factored into fuel prices.

Liquid fuels

Rotterdam’s VLSFO price has remained largely steady, declining by just $3/mt over the past week. The port’s VLSFO-equivalent B100 price has seen a slightly larger drop of $9/mt. These prices include estimated EU compliance costs and benefits, with B100’s price also factoring in the Dutch HBE rebates.

Singapore’s VLSFO benchmark has edged up by $3/mt this past week. VLSFO lead times now range between 3-12 days, compared to the recommended 5-12 days in the previous week.

Liquid gases

Rotterdam’s VLSFO-equivalent LNG price has ended its downward streak, climbing $40/mt higher over the past week. This price includes estimated compliance costs for ships with an Otto MS engine on EU-EU voyage.

The price surge is attributed to a 4% increase in the front-month Dutch TTF Natural Gas contract, driven by “cold weather forecasts and expectations of low wind output in Central Europe next week,” according to Energi Danmark.

Despite LNG’s price increase, liquefied biomethane (LBM) remains the cheapest compliance option in Rotterdam. Combined benefits from the EU ETS and from FuelEU’s pooling mechanism can reduce LBM costs to $587/mt when bunkered in Otto MS engines and $452/mt for diesel slow-speed (diesel SS) engines, giving it a cost advantage for intra-EU voyages.

Singapore’s VLSFO-equivalent LNG benchmark has dropped by $9/mt over the past week, amid expectations of easing geopolitical tensions.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 18 March, 2025

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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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July 21, 2026

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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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July 21, 2026

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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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July 21, 2026

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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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