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Platts launches Shanghai and Rotterdam low-carbon methanol marine fuel price assessments

Platts, part of S&P Global Commodity Insights, has launched Shanghai low-carbon methanol marine fuel assessments, the first in Asia, effective 2 May, as well as in Rotterdam.

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Platts, part of S&P Global Commodity Insights, recently announced the launch of Shanghai low-carbon methanol marine fuel (MMF) assessments, the first in Asia, effective 2 May. 

Platts has also launched Rotterdam low-carbon methanol marine fuel assessment on May 2, adding to the depth and coverage of Platts alternative marine fuels markets.

The two new Shanghai low-carbon MMF assessments come six months after Platts debuted the first-ever in Asia, Singapore low-carbon methanol marine fuel price assessments.

Esther Ng, Platts Global Methanol Pricing Lead, S&P Global Commodity Insights, said: “We are pleased to announce the launch of Platts first-ever low-carbon methanol marine fuel assessments for China. Shanghai is the world’s busiest container port, and sustainable methanol has already been supplied and bunkered in the port.”

“These assessments aim to provide price transparency for shipowners as the maritime industry marches towards net zero in 2050. Similarly, the publication of Rotterdam low-carbon MMF assessments by Platts will offer the shipping and decarbonisation industries valuable price points to guide their trading and investment decisions.”

Olivier Maronneaud, Global Research Lead for Methanol and Plastic Circularity, S&P Global Commodity Insights, said: “Legislation supporting low carbon bunker fuel has been implemented in Europe and has achieved substantial progress at the global level with the latest IMO MEPC 83 meeting in April. Combined with initiatives from stakeholders including governments, port authorities and ship owners, liquidity for low carbon methanol as bunker fuel is anticipated to increase in the coming months and years.”

The International Maritime Organization’s Marine Environment Protection Committee in April voted to charge shipowners penalties for maritime greenhouse gas emissions starting from 2028. Just like FuelEU Maritime regulations, IMO’s proposed measures are wide-reaching as they will impact the cost of transporting fuel, chemicals, and consumer goods.

ShanghaiChina is estimated to have 200,000 mt/year of biomethanol and eMethanol capacity in 2025 and will have 1.5 million mt/year by 2028, according to data from S&P Global Commodity Insights Analytics.

The first Chinese molecules for spot trading are expected to be available in mid-2025, with the Shanghai port shaping up as a leading Chinese low-carbon methanol trading hub.

The Platts Shanghai low-carbon MMF assessments will aid shipowners, low-carbon methanol producers, bunker traders and investors with price transparency in an important and emerging production center of low-carbon methanol.

RotterdamThe Port of Rotterdam is Europe’s largest port and bunker hub. In 2022, it set up the Green and Digital Shipping Corridor with Singapore to reduce emissions from large container vessels on the 15,000-kilometer route by at least 20% by 2030, by enabling the use of low- and zero-carbon shipping fuels.

From January 2025 to 2029, under the FuelEU Maritime regulation, the shipping industry will need to deliver a 2% GHG intensity saving against the FuelEU Maritime fossil fuel comparator, with targets stepping up every five years to 80% GHG savings in 2050.

Platts’ publication of Rotterdam low-carbon MMF assessments will provide the maritime and low-carbon methanol industry useful price points for trading, procurement and investment decisions.

The assessments are as follows:

  • Platts Low-carbon methanol FOB Shanghai
  • Platts Low-carbon methanol marine fuel Delivered Shanghai
  • Platts Low-carbon methanol marine fuel Delivered Rotterdam ($/mt)
  • Platts Low-carbon methanol marine fuel Delivered Rotterdam (Euro/mt)

The assessments reflect market prices of the product with sustainability documentation stating a carbon intensity or an equivalent greenhouse gas saving when compared with the fossil fuel comparator, as per the prevailing Renewable Energy Directive.

Note: The subscriber note can be accessed here while a full description of the Platts assessment methodology can be found here.

 

Photo credit: Siyuan Hu on Unsplash
Published: 8 May, 2025

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World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Operation involved the delivery of approximately 2,800 MT of green methanol to “Arctic Tern” via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel “M/V Hai Gang Zhi Yuan”.

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World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Marine fuel provider World Fuel on Tuesday (21 July) said it successfully completed the first green methanol bunkering of M/V Arctic Tern, with EUKOR Car Carriers and SIPG Energy at the Port of Shanghai. 

Arctic Tern is the first vessel in the new Shaper Class series of car carriers. 

The operation involved the delivery of approximately 2,800 MT of green methanol to Arctic Tern via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel M/V Hai Gang Zhi Yuan, the largest vessel of its kind in operation. 

The bunkering operation was carried out at Haitong Terminal, Waigaoqiao Port Area, Shanghai Port, with cargo handling operations conducted simultaneously during bunkering.

This marks EUKOR Car Carriers’ first green methanol operation and the first time Arctic Tern has bunkered methanol since its delivery on 9 July. The operation marked the first bunkering at Shanghai Port of green methanol produced locally in Shanghai for an international PCTC operator. 

It also demonstrated the city’s integrated green methanol value chain, spanning local production, storage and bunkering, and established a replicable “Shanghai Model” for green methanol supply.

World Fuel arranged the supply and delivery of the fuel on behalf of EUKOR Car Carriers, working with SIPG Energy as the physical supplier at the Port of Shanghai.

The green methanol supplied was produced from municipal solid waste, ISCC-EU certified, and had a carbon intensity value below 25 gCO₂e/MJ.

Arctic Tern is the first of fourteen Shaper Class vessels ordered by Wallenius Wilhelmsen. With a capacity of 9,300 car equivalent units and methanol dual-fuel capability, the vessel will be operated by EUKOR Car Carriers, jointly owned by Wallenius Wilhelmsen and Hyundai Motor Group. Following her first green methanol bunkering, Arctic Tern will continue her maiden voyage from Asia to Europe.

Xavier Leroi, COO Shipping Services at Wallenius Wilhelmsen and CEO of EUKOR Car Carriers, said: “Completing Arctic Tern’s first green methanol bunkering shortly after delivery is a significant milestone towards our decarbonisation ambition for both EUKOR Car Carriers and Wallenius Wilhelmsen. It demonstrates how investments in next-generation vessel technology and fuel flexibility are being translated into real-world operations. 

“This achievement reflects the strong collaboration between all parties involved. Together, we have shown how partnerships across the maritime value chain can help make lower-emission fuels available and operationally viable at scale.”

Mark Tamsitt, SVP Global Marine Sales at World Fuel, said, “The first bunkering event with a new fuel is a significant moment for any shipowner, and our role is to make it as seamless as possible. By connecting EUKOR Car Carriers with SIPG Energy’s proven green methanol capability at the Port of Shanghai, we were able to deliver on reliable supply, fuel quality, and safe processes. As more of our customers bring methanol dual-fuel tonnage into service, we are committed to being the partner that makes these kinds of operations routine.”

Mr. Zhang Da, General Manager of SIPG Energy, said, “Welcoming Arctic Tern to the Port of Shanghai for her first green methanol bunkering demonstrates the strength and maturity of our supply capability. Building on our well-established methanol ship-to-ship bunkering services for container vessels, we have already extended such services to pure car and truck carriers (PCTCs). This bunkering sets a new record for the largest single SIMOPs green methanol bunkering for PCTCs in China, marking another step in building Shanghai’s position as a global green energy hub for international shipping.”

This operation follows Wallenius Wilhelmsen’s announcement on 9 July that Arctic Tern would complete her first methanol bunkering shortly after delivery. The vessel entered service on routes between Asia and Europe immediately following handover from China Merchants Jinling Shipyard in Nanjing.

 

Photo credit: World Fuel
Published: 22 July, 2026

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 mt annually.

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Ship design and engineering service provider Western Baltic Engineering on Thursday (16 July) showcased its latest concept design for a green methanol bunkering vessel, developed for the operational needs of the Port of Klaipėda.

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 metric tonnes (mt) annually. 

“It is Western Baltic Engineering’s first concept dedicated exclusively to green methanol bunkering, expanding our portfolio of alternative-fuel vessel solutions,” the company said in a social media post.

“Building on our experience in methanol-ready vessel design, it reflects our continued focus on enabling the industry’s transition to cleaner fuels.”

“As the maritime sector evolves, engineering companies have a responsibility not only to respond to market needs but also to anticipate future challenges,” said Marius Arkusauskas, Director at Western Baltic Engineering.

“By exploring emerging technologies and alternative fuel applications, we help our partners prepare for the next generation of maritime operations while contributing to a more sustainable future.”

 

Photo credit: Western Baltic Engineering
Published: 20 July, 2026

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China launches methanol shipping supply chain alliance to accelerate green transition

Marine fuel suppliers in the alliance include Sinopec Fuel Oil Sales, China Marine Bunker (PetroChina), SIPG Energy (Shanghai), and Shenzhen Port Energy Development.

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China Waterborne Transport Research Institute under the Ministry of Transport and China Transport News recently jointly launched a Methanol Fuel Shipping Supply Chain Innovation Alliance with 20 organisations spanning the shipping, port, energy, equipment, research and industry association sectors.

The alliance was officially announced during the main event of China Maritime Day 2026 on 11 July, where members also released a joint initiative to develop a collaborative methanol-fuelled shipping supply chain.

The alliance aims to implement China’s national strategy for green economic transformation and support the Ministry of Transport’s “One Network, Four Modernisations” initiative by building a safe, efficient, economical and reliable methanol marine fuel supply chain

Under the joint initiative, alliance members pledged to align with China’s national decarbonisation strategy by promoting methanol as a key pathway for the shipping sector’s green transition and optimising the industry’s energy mix.

The members also pledged to strengthen collaboration across the supply chain to improve coordination between bunker fuel production, transportation and end users while advancing technological innovation.

Lastly, the alliance will support the development of policies, planning and technical standards, promote resource sharing and joint research, and accelerate the large-scale adoption of methanol as a marine fuel.

The alliance brings together companies and organisations representing the entire methanol shipping supply chain.

Members include shipping and port members such as China Changjiang National Shipping (Group) Corporation, COSCO Shipping Bulk Co., Ltd., Shandong Port Group, and Wuhan Chuangxin Jianghai Shipping Co., Ltd.

Energy companies in the alliance include Sinopec Chemical Commercial Holding Company Limited and Methanex Corporation.

Marine fuel suppliers including Sinopec Fuel Oil Sales, China Marine Bunker (PetroChina), SIPG Energy (Shanghai) Co Ltd and Shenzhen Port Energy Development Co Ltd are also part of the alliance. 

Equipment manufacturers in the alliance are CSSC 711th Research Institute, CSSC Power (Group) Corporation Ltd and Chongqing Hongjiang Machinery Co Ltd.

Research, media and industry organisations participating in the alliance include the China Waterborne Transport Research Institute, China Transport News, and the Methanol Institute.

The Methanol Institute said methanol is moving beyond individual projects towards coordinated action across the entire value chain. 

“And China continues to play a leading role in advancing methanol as a marine fuel,” it said in a social media post.  

“We’re proud to work alongside our fellow alliance members to help strengthen the methanol supply chain and support the continued growth of methanol as a marine fuel.”

 

Photo credit: David Yu from Pixabay
Published: 17 July, 2026

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