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GCMD and ADB to advance green financing pathways for maritime decarbonisation

ADB and GCMD are partnering to combine their complementary strengths—exchanging knowledge from GCMD’s pilots and ADB’s financing expertise—to address barriers in green financing.

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GCMD and ADB to advance green financing pathways for maritime decarbonisation

The Global Centre for Maritime Decarbonisation (GCMD) on Thursday (8 May) announced a knowledge partnership with Asian Development Bank (ADB), signed during the launch of its Sustainable and Resilient Maritime Fund (SRMF) at its annual meeting in Milan.

The partnership—GCMD’s first with a multilateral development bank —complements its diverse pool of centre-level partners. 

The partnership aims to advance green financing pathways that support a sustainable and resilient maritime sector by leveraging ADB’s strength in mobilising resources across its global network and GCMD’s expertise in addressing operational complexities through real-world pilot projects.

SRMF aims to enable a future-ready maritime transport system through these focus areas: invest in resilient port infrastructure, accelerate adoption of alternative fuels, close financing gaps, and foster regional policy harmonisation.

By lowering fuel consumption, EETs are considered a “no-regrets approach” to reducing emissions in the maritime sector. Yet, EET adoption faces significant hurdles primarily arising from the challenges to accurately quantify fuel savings, which translates to an uncertainty in return on investment.

To address this gap, GCMD is currently developing and testing methodologies to validate fuel savings through the deployment of onboard sensor installations. By providing clear attribution of fuel savings to specific technologies, GCMD aims to implement Pay-As-You-Save (PAYS), a financing model proven in other sectors. Under PAYS, upfront investments in EETs can be repaid over time, with payments directly tied to verified fuel savings. This approach aligns stakeholder interests and fosters risk-and-reward sharing.

ADB and GCMD are partnering to combine their complementary strengths—exchanging knowledge from GCMD’s pilots and ADB’s financing expertise—to address barriers in green financing. By grounding green financing in verified emissions reduction data, the collaboration aims to build investor confidence, unlock capital for bankable, scalable decarbonisation solutions, and accelerate the widespread adoption of EETs in the maritime sector.

Professor Lynn Loo, CEO of GCMD, said: “At this critical juncture, the IMO’s announcement of a global emissions pricing mechanism sends the clearest signal yet that urgent action is required—not only to advance decarbonisation, but also to safeguard the long-term commercial viability of shipowners. 

“Energy efficiency technologies (EETs) can play a vital role by reducing fuel consumption, thereby lowering the penalties shipowners will face under IMO’s framework. We believe that the Pay-As-You-Save (PAYS) model can uniquely accelerate and scale the adoption of these critical solutions. 

“In this context, we value the opportunity to leverage ADB’s extensive global network to drive meaningful progress, particularly in unlocking financing to support sustainable growth of the maritime industry.”

Mr. Hideaki Iwasaki, Director General, Sectors Department 1, ADB, said: “ADB’s partnership with the Global Centre for Maritime Decarbonisation reflects our shared commitment to unlocking private capital and accelerating the deployment of clean technologies in the maritime sector.

“Through the Sustainable and Resilient Maritime Initiative and associated new funding arrangements being developed, we are supporting our client countries to modernise ports, strengthen regional trade connectivity, and de-risk investments that drive greener, more resilient supply chains. Together with GCMD, we aim to bridge the gap between innovation and implementation.”

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 9 May, 2025

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Bunker Fuel

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

4.55 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt recorded during the similar month in 2025, according to MPA data.

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Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Sales of marine fuel at Singapore port dropped by 6.8% on year in May 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.55 million metric tonnes (mt) (exact 4,548,000 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt (4,878,100 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May (against on year) recorded respectively 1.79 million mt (-5.3% from 1.89 million mt), 2.29 million mt (-6.5% from 2.45 million mt), zero (-100% from 1,200 mt), 600 (35.2% from 1,700 mt) and zero (from zero).

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May, (against on year) recorded respectively 11,600 mt (-71.6% from 40,900 mt), 36,400 mt (-62.1% from 96,100 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 12,800 mt (+573.7% from 1,900 mt). 

LNG and methanol sales were 70,300 mt (+56.2% from 45,000 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 June, 2026

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Bunker Fuel Quality

Bunker flash: High concentrations of catalytic fines, elevated acid numbers found in Singapore

Maritec-Naias issued an alert regarding high levels of catalytic fines and elevated acid numbers present in multiple VLSFO bunker samples from deliveries in the Singapore port.

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Bunker fuel testing and marine surveying business Maritec-Naias on Friday (12 June) issued an alert regarding high levels of catalytic fines and elevated acid numbers present in multiple VLSFO bunker samples from deliveries in the Singapore port: 

During the period of 20 May 2026 and 02 June 2026, Maritec Pte. Ltd. (hereafter referred to as Maritec-Naias) conducted testing on five samples representing Very Low Sulphur Fuel Oil (VLSFO) deliveries from two suppliers in the Singapore port. The analyses revealed Aluminium and Silicon (Al+Si) concentrations ranging from 61 mg/kg to 68 mg/kg.

It is important to note; these values exceed the ISO 8217:2010/2017 specification limit of 60 ppm but remain within the permissible tolerance limit of 72 ppm under ISO 4259 for a single test result. In this regard, Catalytic Fines content, (Aluminium+Silicon), above 60 ppm is regarded as high. Of the five samples, three originated from one supplier, while the remaining two were from another.

Aluminium and Silicon constitute the principal classes of abrasive solids in fuels. Elevated concentrations of such particles at the engine inlet can precipitate abnormal wear and tear of fuel system components, piston rings, and cylinder liners. To safeguard against this, many engine manufacturers stipulate a maximum threshold of 15 mg/kg Al+Si at the engine inlet.

The primary method of mitigating Catfines is through an efficiently operating fuel purification system. Monitoring Aluminium and Silicon levels both before and after centrifugation provides a reliable measure of the system’s effectiveness in removing these contaminants.

During a similar period, Maritec-Naias also tested fifteen bunker fuel samples representing VLSFO that exhibited elevated Acid Numbers, ranging from 2.0 mg KOH/g to 2.5 mg KOH/g. While these values remain within specification limits, they are nonetheless considered at higher side. Elevated Acid Numbers may stem from contamination with acidic compounds such as Phenolic compounds and Alkyl Resorcinols, often associated with Estonian Shale Oil. Such contaminants can lead to operational complications including sludge formation, fuel pump seizures, and compromised injection equipment cleanliness.

Maritec-Naias Recommendations

  • High Catfines monitoring: Maritec-Naias advises collecting samples at critical points within the fuel system — including the fuel oil tank transfer pump, before and after centrifuge, service tank, and after fine-filter — to evaluate the efficiency of fuel cleaning.
  • Elevated Acid Numbers: For fuels with elevated Acid Numbers, Maritec-Naias recommends conducting Gas Chromatography-Mass Spectrometry (GC-MS) using the Solid Phase Extraction (SPE) method to identify the specific acidic compounds present or upgrading your marine fuel testing package to MFTP Plus, which enables pre-emptive monitoring to detect major harmful substances prevalent in the market, such as Cashew Nut Shell Liquid (CNSL), Phenolic compounds and Alkyl Resorcinols that cause damage to equipment.

Maritec-Naias states, while all data and findings presented in this document are true, it does not reflect on the overall quality of fuel being supplied in Singapore region. If you intend to bunker at this region, please request for a Certificate of Quality (CoQ) prior to loading.

 

Photo credit: Hans Reniers on Unsplash
Published: 15 June, 2026

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Incident

Three dead after supply boat sinks following collision off Pasir Panjang Terminal

PCG recovered three bodies from the waters after a supply boat sank off Pasir Panjang Terminal on 12 June 2026 at about 9.30am following a collision with a landing craft.

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The Maritime and Port Authority of Singapore (MPA) on Friday (12 June) said a supply boat sank off Pasir Panjang Terminal at about 9.30am after colliding with a landing craft. 

MPA, Police Coast Guard (PCG), and SCDF Marine Division, immediately activated their crafts to the incident site and commenced search and rescue operations.

“The landing craft is stable with no reported injury to crew on board,” MPA said in a statement. 

PCG has recovered three bodies from the waters, believed to be deceased crew members of the sunken supply boat. Search and rescue operations, including diving operations, are ongoing to determine if there are other crew members from the supply boat missing.

“Port operations have not been affected. Navigational broadcasts have been issued advising vessels to keep clear of the incident area,” it added.

“Investigations into the incident are ongoing.” 

 

Photo credit: Manifold Times
Published: 15 June, 2026

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