Connect with us

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.

Admin

Published

on

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

Continue Reading

Alternative Fuels

Singapore-based Golden Island, Qingdao Port team up on alternative bunker fuels

Agreement covers green methanol, green ammonia and bio-LNG, with cooperation spanning fuel production and transportation through to storage, sales and bunkering.

Admin

Published

on

By

Golden Island, Qingdao Port team up on green methanol, ammonia and bio-LNG

Singapore bunker supplier Golden Island Pte Ltd on Monday (21 September) said it has signed a strategic framework agreement with Qingdao Port International Co Ltd to collaborate on the supply of alternative marine fuels.

The agreement covers green methanol, green ammonia and bio-LNG, with cooperation spanning fuel production and transportation through to storage, sales and bunkering.

“By combining our MPA-licensed bunkering capabilities with Qingdao Port’s incredible logistics and strategic hub position, we are building something truly robust for the global shipping industry’s low-carbon future,” the company said in a statement. 

Qingdao Port International, which operates five major port areas in China, will bring its logistics network, storage facilities and customs clearance capabilities to the partnership.

Golden Island is licensed by the Maritime and Port Authority of Singapore (MPA) to conduct methanol bunkering and is ISCC EU-certified.

The companies are also engaging with container liners, bulk carriers, oil tankers and cruise ships regarding the adoption of alternative marine fuels.

 

Photo credit: Golden Island Pte Ltd
Published: 22 September, 2026

Continue Reading

Newbuilding

Yang Ming names 15,500 TEU LNG dual-fuel container vessel “YM Weight”

Yang Ming held a naming ceremony at the HD HHI shipyard in Ulsan, South Korea, for “YM Weight”, the fourth vessel in its series of five 15,500 TEU-class LNG dual-fuel container vessels built by HD HHI.

Admin

Published

on

By

Yang Ming names 15,500 TEU LNG dual-fuel container vessel “YM Weight”

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) on Thursday (17 September) held a naming ceremony at the HD Hyundai Heavy Industries (HD HHI) shipyard in Ulsan, South Korea, for YM Weight, the fourth vessel in its series of five 15,500 TEU-class LNG dual-fuel container vessels built by HD HHI. 

Mrs. Chiu-Lien Lin, the spouse of Administrative Deputy Minister of Transportation and Communications Mr. Kuo-Shian Lin, was invited as the Godmother to officially name the vessel and perform the ceremonial cord-cutting, wishing the ship smooth sailing and full loading on all future voyages. 

This series of vessels built by HD HHI has a length overall (LOA) of 364.97 meters, a breadth of 51 meters, and a capacity of approximately 15,600 TEU. 

The vessels are equipped with high-pressure dual-fuel main engines that run on both LNG and low-sulphur fuel oil, along with integrated navigational information, equipment monitoring, broadband maritime satellite systems, and multiple energy-saving systems to enhance operational efficiency and navigational safety. 

YM Weight, the fourth vessel in the series, is jointly classed by CR and the American Bureau of Shipping (ABS), bringing international classification expertise and capabilities to safeguard the safety and technical compliance of next-generation LNG dual-fuel vessels. 

Furthermore, following proactive underwater noise measurements, the vessel has achieved two industry firsts by receiving the Underwater Noise (UWN) notation from ABS and the Underwater Radiated Noise (URN) notation from CR. The dual recognitions underscore Yang Ming’s commitment to mitigate operational impact on marine life and sustainable development. 

In addition to expanding its next-generation fleet and strengthening its core shipping business, Yang Ming has continued to strengthen professional training for seafarers operating alternative-fuel vessels. 

Yang Ming’s senior Captain Ming-Yeong Pan will serve as the delivery captain of ‘YM Weight’. Captain Pan is the first seafarer in Taiwan to receive the Advanced Training Certificate under the International Code of Safety for Ships Using Gases or Other Low-flashpoint Fuels (IGF Code), Certificate No. 0001, issued by the Maritime and Port Bureau, MOTC. 

To date, 148 Yang Ming officers have completed advanced IGF Code training and will progressively undertake onboard training aboard LNG-fueled vessels and practical alternative-fuel bunkering training. 

 

Photo credit: Yang Ming Marine Transport
Published: 18 September, 2026

Continue Reading

LNG Bunkering

DNV awards AiP to HD HHI for 12K LNG bunkering ship design tailored to cruise ships

New concept has been specifically designed for bunkering cruise ships, including removal of bridge wings to avoid interference with cruise ships’ lifeboats during operations.

Admin

Published

on

By

DNV awards AiP to HD HHI for 12K LNG bunkering ship design tailored to cruise ships

Classification society DNV and the Liberian International Ship and Corporate Registry (LISCR) on Tuesday  (15 September) have awarded an Approval in Principle (AiP) certificate to South Korea’s HD Hyundai Heavy Industries (HD HHI) for a new 12K LNG Bunkering Vessel design, tailored to the needs of cruise ships. 

The AiP was presented to Mr. Ryu Hong Ryeul, CTO / HD HHI, by Vidar Dolonen, Regional Manager for Korea & Japan at DNV, during a ceremony at Gastech 2026 yesterday.

The new concept, a dedicated LNG bunkering vessel (LNGBV) for the cruise segment, has been developed to address the unique operational challenges associated with refueling cruise ships. In particular, unlike conventional designs, the concept removes the bridge wings to avoid interfering with cruise ships’ lifeboats during bunkering operations.

To compensate for the reduced side visibility resulting from the removal of the bridge wings, the vessel is equipped with a CCTV system. In addition, side visibility safety and efficient bunkering operations have been enhanced through the addition of the HiNAS SVM (Hyundai Intelligent Navigation Assistant System Surround view monitoring system), which shows a 360-degree top-view AR image converted from inputs from multiple fish-eye cameras installed around the ship.

Mr. Ryu Hong Ryeul, CTO at HD HHI, said: “By enabling ship-to-ship (STS) LNG bunkering operations without the need for a floating pontoon, this 12K LNGBV bunkering vessel is expected to make LNG bunkering for cruise vessels more efficient and flexible. If this type of LNGBV becomes more widely adopted in the market, this could bring about significant changes in the demand structure and operating models of the LNGBV market because this new type of LNGBV is able to carry out bunkering more freely and flexibly, not only for cruise ships but also for conventional merchant vessels.”

Alfonso Castillero, Chief Executive Officer, Liberian Registry, said: “The Liberian Registry is pleased to support this Joint Development Project, which addresses the specific operational and safety considerations associated with LNG bunkering for cruise ships. The AiP represents an important milestone in advancing a practical and flexible vessel concept while maintaining a strong focus on safety, regulatory compliance and operational reliability.”

Vidar Dolonen, Regional Manager for Korea & Japan at DNV, added: “The transition to lower-emission shipping depends not only on vessels, but also on the supporting infrastructure that enables alternative fuels to be used safely and efficiently. With LNG continuing to play a leading role both the cruise sector and the maritime industry’s decarbonization efforts more broadly, this LNG bunkering vessel concept represents an important step toward building the capabilities needed for the maritime energy landscape.”

An Approval in Principle (AiP) is an independent assessment of a concept within a defined framework of requirements. It confirms the feasibility of the design and verifies that no significant technical barriers exist to its implementation.

 

Photo credit: DNV
Published: 17 September 2026

Continue Reading

Trending