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LNG Bunkering

LR: LNG remains most cost-effective alternative marine fuel pathway to 2050

Report also showed that blending LNG with bio-LNG and e-LNG could strengthen this advantage further, allowing LNG-fuelled vessels to generate compliance surpluses in the early years of new regulatory regimes.

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LR: LNG remains most cost-effective alternative marine fuel pathway to 2050

Classification society Lloyd’s Register (LR) on Wednesday (6 May) released its latest Fuel for thought: LNG report, offering a refreshed and data-driven assessment of LNG’s evolving role as a mature and significant fuel in transition for the shipping industry.

As of March 2026, the dual-fuel LNG fleet has reached 1,665 vessels, with an additional 982 on order — expanding the gas-fuelled fleet. Although recent developments may have created uncertainty that has impacted investment in alternative fuels, LNG continues to be the key alternative fuel in the existing orderbook.

Growth is being driven particularly by the container sector, which is on course to more than double its LNG capable fleet, while cruise, tanker and PCC/RoRo operators are also accelerating their uptake.

LR’s economic modelling confirms LNG remains the most cost-effective alternative fuel pathway to 2050 under any proposed framework so far.

The report also showed that blending LNG with bio-LNG and e-LNG could strengthen this advantage further, allowing LNG-fuelled vessels to generate compliance surpluses in the early years of new regulatory regimes.

A major focus of the updated report is the significant progress in methane slip reduction. High-pressure two-stroke engines are now achieving slip as low as 0.2 g/kWh, while low-pressure engines fitted with exhaust gas recirculation are delivering reductions of more than 60%.

However, these improvements are not yet reflected in the emissions factors under both FuelEU Maritime and the IMO’s Lifecycle Assessment guidelines. The report argued that updating these factors will be essential to ensure that regulation reflects current technology and incentivises genuine emissions reductions rather than penalising early movers.

The report also underlined the importance of upstream emissions and fuel certification. Cleaner LNG production, reduced methane leakage and the growth of independently verified certification schemes are essential if shipowners are to realise the full emissions reduction potential of cleaner supply chains.

Additionally, the operational considerations of LNG-fuelled vessels during drydocking are examined with recommendations for planning, execution and safety.

Constantinos Chaelis, Global Gas Segment Director, Lloyd’s Register, said: “LNG represents an immediately deployable, scalable, and well-established fuel in transition  that aligns with both operational imperatives and emerging regulatory requirements.

“As global bunkering infrastructure continues to expand, renewable gas supply chains mature, and emissions control technologies become more widely adopted, LNG is expected to remain a central component of the maritime sector’s transitional energy landscape.”

Panos Mitrou, SVP Shipping Strategy, Lloyd’s Register, said: “The findings in our new report underline that this continued interest in LNG is not solely a bridge to other fuels, but a strategic response to tightening global and regional regulation. We need to intensify our focus on methane emissions, clean LNG variants and improving the LNG value chain GHG footprint.”

Note: The Fuel for thought:LNG report is available at Fuel for Thought – alternative marine fuels | LR

 

Photo credit: Lloyd’s Register
Published: 7 May, 2026

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Interview

Exclusive: Caroline Yang takes helm on future of IBIA Asia

The newly appointed Chair of IBIA’s Regional Board – Asia, shares her plans to strengthen bunkering standards while promoting transparency and industry collaboration across key Asian maritime hubs.

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Exclusive: Caroline Yang takes helm on future of IBIA Asia

Caroline Yang, CEO of Hong Lam Marine Pte Ltd, outlines her plans for IBIA Asia in her first interview with Manifold Times since becoming Chair of the Regional Board – Asia:

MT: Why is IBIA important to the bunkering market in Asia?

IBIA Asia is amongst five regional boards operating under the umbrella of London-based IBIA Global. Its presence in Asia is vital because the region, excluding the Middle East, accounts for more than 50% of global bunkering volume.

While Singapore continues to maintain its strong lead as the world’s busiest bunkering port with almost 56 million mt of marine fuel delivered in 2025, several ports in China are showing to be strong bunkering ports as well; these developments take place on the back of a forecast for China to be amongst the leading suppliers of green fuels such as methanol.

Based on this alone, IBIA Asia has to play an important role in raising and addressing issues of suppliers and shipowners and the other parties in the regional bunkering eco-system.

MT: What is the overall state of bunkering standards at major Asian ports and how can IBIA elevate this?

Singapore is the clear leader in standards, acting as a “flag bearer” with established protocols including SS 600 for bunkering, SS 648 for bunker mass flow metering, SS 524 for quality management of bunker supply chain, TR 56 for LNG bunkering, and TR 80 for meter verification using master MFM.

While other Asian ports are adopting mass flow meters – a positive step – IBIA Asia’s role is to disseminate these best practices while maintaining deep respect for local operational realities and regulatory environments.

MT: As Chair of the Regional Board – Asia, what are your plans to make this happen? Are there any topics you will be focusing on?

The IBIA Asia regional board of 10 members from comes from a diverse group of suppliers, shipowners, bunker buyers, fuels testers and bunker tanker owners. Backed by a strong secretariat, we are committed to move the needle for bunkering in Asia.

Our initial strategy is outreach-driven, progressing beyond a Singapore-centric approach. For starters, the board will be concentrating on Hong Kong, Zhoushan, and Shanghai, with potential expansion to Japan and South Korea.

The core objective is to promote the quality, transparency, and integrity of bunkers lifted in Asia. This includes building on existing MOUs such as the collaboration with Hong Kong Shipowners Association (HKSOA) to explore alternative bunker fuels, and participation in regional maritime week programmes.

MT: Do you expect to encounter any challenges? What do you think are the solutions?

Challenges, without a doubt; these include macro-level standards and topical quality issues, such as those highlighted in a recent FOBAS report.

We are aware most solutions will not have instant results, but produce short-term, mid-term and long-term responses.

The solution lies in structured communication and feedback loops involving industry, regulators, and experts. Success requires an altruistic approach where stakeholders prioritise the health of the bunkering ecosystem to achieve win-win outcomes, even at the compromise of individual sectors.

MT: Is participation of local/regional IBIA members included within your plan? How will they be involved?

Member participation is the foundation of an association’s strength. The plan involves active outreach – meeting members where they operate and integrating them into meetings to ensure the board’s positions reflect representative industry views. We must push out credible, strong messages to encourage active engagement. If there is anyone in the maritime bunkering in these areas and reading this interview, reach out to us so we can start our conversations!

The Secretariat and some board members have scheduled to visit and attend bunkering events in Hong Kong and China. In November 2026, IBIA will participate in the Hong Kong Maritime Week by organising a one-day conference. We hope to be also participating in the Shanghai Pudong Maritime Conference and the 9th International Petroleum and Natural Gas Enterprises Conference (IPEC 2026), also known as the “Zhoushan Bunker Oil conference”, in late October.

MT: How will previous experience gained at SSA, ICS, MPA, SMF, and Hong Lam Marine contribute to your role at IBIA?

As CEO of Hong Lam Marine, our bunker tankers supply about 10% of bunkering volume in Singapore, so we are an involved and relevant stakeholder. My experiences in the above-mentioned organisations have taught me how to crystallise and articulate important issues, engage effectively with diverse stakeholders, and leverage on pre-existing professional connections to engage more effectively for IBIA Asia.

Related: IBIA announces Caroline Yang as new Regional Board Chair for Asia
Related: IBIA and Hong Kong Shipowners Association to collaborate on alternative bunker fuels
Related: FOBAS report warns of growing operational risks from ISO-compliant bunker fuels

 

Photo credit: Manifold Times
Published: 6 August 2026

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Alternative Fuels

India’s SCI launches global tender for up to six LNG dual-fuel containerships

Tender covers two firm orders with options for four additional vessels and each ship will have a capacity of approximately 8,000 TEU and be capable of operating on LNG as well as conventional marine fuels.

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State-owned Shipping Corporation of India (SCI) recently launched an international tender for the construction of up to six LNG dual-fuel container vessels as part of its fleet renewal programme.

The tender covers two firm orders with options for four additional vessels. Each ship will have a capacity of approximately 8,000 TEU and be capable of operating on LNG as well as conventional marine fuels.

Both Indian and foreign shipyards are eligible to bid, subject to SCI’s technical and financial requirements. 

Foreign yards must have delivered at least two container vessels exceeding 5,000 TEU that have entered service within the past 10 years. Indian shipyards without prior containership construction experience must partner with a reputed foreign yard that has previously built LNG dual-fuel vessels, capable of running on LNG and Conventional fuel which are in service.

According to the tender documents, SCI will evaluate bids based on factors including delivery and payment schedule of the vessel, bunker fuel consumption, service speed and cargo-carrying capacity.

Bids for the tender must be submitted by 31 August at 1700 hours IST and a virtual pre-bid meeting will be held on 18 August at 1500 hours. 

 

Photo credit: Naveed Ahmed on Unsplash
Published: 6 August, 2026

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LNG Bunkering

Explora Journeys names first LNG-powered ship “EXPLORA III” in Barcelona

As the first LNG-powered ship in the Explora Journeys fleet, the ship also offers a pathway towards renewable alternatives such as bio-LNG and synthetic LNG as these become increasingly available.

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Explora Journeys names first LNG-powered ship “EXPLORA III” in Barcelona

Explora Journeys recently officially named EXPLORA III in Barcelona, welcoming the brand’s first liquefied natural gas (LNG)-powered ship to the fleet. 

Following her early delivery in Genoa on 23 July 2026, EXPLORA III embarked on a journey through the Mediterranean before arriving in Barcelona for the official naming ceremony. 

“As the first LNG-powered vessel in the Explora Journeys fleet, EXPLORA III represents the next step in the brand’s investment in advanced marine technologies,” the company said on its website. 

Designed to operate on LNG today, the ship also offers a pathway towards renewable alternatives such as bio-LNG and synthetic LNG as these become increasingly available. 

The vessel is equipped with shore power capability, enabling connection to onshore electricity in ports where infrastructure exists, allowing engines to be switched off while alongside.

EXPLORA III departed on 3 August on its seven-night Maiden Journey to Lisbon.

 

Photo credit: Explora Journeys
Published: 5 August, 2026

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