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ENGINE on Fuel Switch Snapshot: LSMGO drop squeezes B100, LBM spreads

Rott B100 discount to LSMGO narrows to $700/mt; Singapore B100-LSMGO spread down to $98/mt; traders advise 7–10 days for ARA bio-bunker deliveries.

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ENGINE on Fuel Switch Snapshot: LSMGO drop squeezes B100, LBM spreads

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:

  • Rott B100 discount to LSMGO narrows to $700/mt
  • Singapore B100-LSMGO spread down to $98/mt
  • Traders advise 7–10 days for ARA bio-bunker deliveries

LSMGO prices have tumbled over the past week, sharply narrowing B100 and LNG discounts to the fuel in both Rotterdam and Singapore, and LBM discounts in Rotterdam.

Rotterdam’s B100 discount to LSMGO has shrunk by $162/mt to $700/mt.

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LNG’s discount to LSMGO has tightened by $78/mt to $373/mt for vessels with Otto medium-speed engines, and by $75/mt to $609/mt for vessels with diesel slow-speed engines.

LBM discounts to LSMGO in Rotterdam have also narrowed by $61–64/mt to $944–1,187/mt, depending on engine type.

In Singapore, B100’s discount to LSMGO has narrowed by a slightly smaller $143/mt to $98/mt. LNG discounts have tightened by $105–107/mt to $219–337/mt, depending on the vessel’s engine type.

Liquid fuels

Rotterdam’s LSMGO price has plunged by $120/mt in the past week, closely following a $111/mt drop in the ICE gasoil low-sulphur futures contract.

Meanwhile, Rotterdam’s B100 price has climbed by $43/mt over the same period.

B100’s FuelEU Maritime pooling value has remained broadly stable, edging up by $6/mt over the week, while Dutch ZRE-A ticket values have remained flat.

Dutch ZRE-As are trading in the range of €125-130/mtCO2e, with one source indicating an offer at €135/mtCO2e, Ulrich Arnheiter, market analyst at Prima Markets told ENGINE.

Securing biofuel deliveries, including B100, in the ARA requires around 7–10 days of lead time, a trader said.

Singapore’s LSMGO price has almost mirrored Rotterdam’s fall, dropping by $122/mt over the past week. The port’s B100 price has risen by $20/mt.

Liquid gases

Rotterdam’s LNG bunker benchmarks have fallen by $41–45/mt.

Its LBM prices have slipped by $55–59/mt in the past week, with a $7–8/mt rise in the FuelEU Maritime pooling values for LBM slightly boosting the fuel’s appeal for EU–EU voyages.

Rotterdam’s LBM now stands at a $571-578/mt discount to LNG, slightly up from last week.

Singapore’s LNG bunker prices have dropped by $16–17/mt in the past week, depending on vessel engine type.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 12 May, 2026

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LNG Bunkering

Shell expands LNG bunkering footprint in Spain with Valencia

As one of the region’s key maritime hubs, the company said Valencia expands the options available to shipowners seeking LNG supply along major shipping routes.

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Shell expands LNG bunkering footprint in Spain with Valencia

British oil giant Shell on Thursday (13 August) said Valencia has joined its growing network of bunkering locations, making LNG available as a marine fuel.

The successful completion of the first LNG bunkering operation in Valencia marked an important milestone for Spain and further strengthened Shell’s LNG supply capabilities across the Mediterranean. 

In a video shared by the company, bunkering vessel Alice Consulich was shown supplying an undisclosed volume of LNG to the container ship MSC Sabrina.

“As one of the region’s key maritime hubs, Valencia expands the options available to shipowners seeking LNG supply along major shipping routes,” Shell said in a social media post. 

Shell said the achievement reflected the strong collaboration across the maritime value chain, including MSC Mediterranean Shipping Company, the Port of Valencia and Fratelli Cosulich Group.

“We look forward to making more LNG bunker deliveries in Valencia and across the Mediterranean as LNG infrastructure and capabilities continue to expand,” the company said. 

 

Photo credit: Shell
Published: 14 August, 2026

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LNG Bunkering

Énestas and Power LNG join forces on Galveston bunkering

Énestas will provide capital, LNG transport and storage equipment, and downstream expertise to support Power LNG’s planned liquefaction and marine bunkering facility on Pelican Island.

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Stabilis Solutions enter 10-year LNG bunkering supply deal for Port of Galveston

Power LNG (Power LNG) and Mexico’s LNG infrastructure and downstream natural gas company Énestas on Wednesday (12 August) announced the execution of definitive agreements establishing a strategic partnership to accelerate the development of LNG infrastructure at the Port of Galveston.

Under the agreement, Énestas will provide capital, LNG transportation and storage equipment, and downstream operating expertise to support the development of the Harborside Terminal and Project Seawolf, Power LNG’s planned LNG liquefaction and marine bunkering facility on Pelican Island.

The partnership creates an immediate pathway to begin LNG distribution by truck while Project Seawolf is under development, supporting marine fueling, virtual pipeline customers, industrial users, and LNG exports throughout the Gulf Coast, Latin America, and the Caribbean.

“Our vision has always been to establish Galveston as the premier LNG hub for the Gulf Coast,” said Austin Terry, Founder and CEO of Power LNG. 

“Énestas brings years of operational experience, proven LNG infrastructure, and a talented team that understands how to deliver LNG safely and efficiently. Together, we can immediately begin serving customers while laying the foundation for one of the most strategic LNG bunkering facilities in North America.”

Project Seawolf will provide LNG for marine bunkering, truck loading, virtual pipeline distribution, and international exports. The facility is strategically located at the Port of Galveston, serving one of the fastest-growing cruise, cargo, and energy corridors in the United States.

For Énestas, the transaction represented an important milestone in the company’s international growth strategy.

“This partnership represents a natural evolution for Énestas as we expand our downstream LNG business into the United States,” said Caio Zapata, Chief Executive Officer of Énestas. 

“For more than a decade, Énestas has developed and operated LNG infrastructure throughout Mexico, helping customers transition to cleaner, more reliable energy. Partnering with Power LNG allows us to leverage that experience in one of the most attractive LNG markets in North America. We see tremendous opportunities in marine bunkering, virtual pipeline logistics, industrial LNG supply, and exports to Latin America and the Caribbean, and we are excited to build that future together.”

The companies expect the partnership to support near-term LNG truck loading operations while advancing the long-term development of Project Seawolf, which is designed to become a regional hub for LNG production, marine fueling, and distribution.

The collaboration also establishes a platform to pursue additional downstream LNG opportunities throughout the Gulf Coast, utilising Énestas’ operational expertise together with Power LNG’s project development capabilities.

 

Photo credit: Port of Galveston
Published: 14 August, 2026

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LNG Bunkering

Stabilis delivers more than 150,000 cbm of LNG bunker fuel at Galveston

Company says the advancement of its proposed Stabilis Galveston LNG Facility is a natural progression of its established LNG bunkering footprint in Galveston.

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Stabilis delivers more than 150,000 cbm of LNG bunker fuel at Galveston

Clean energy production solutions provider Stabilis Solutions (Stabilis) on Thursday (13 August) said it has completed 97 LNG bunkering operations and delivered more than 150,000 m³ of LNG to customers in the Port of Galveston.

“As the only physical supplier of LNG on the Gulf Coast to reach this milestone, we’ve earned a reputation as a trusted, proven operator — both with local Galveston stakeholders and with the world’s largest cruise operator,” the company said in a social media post.

“That trust is reflected in the 10-year LNG offtake agreement we executed in December 2025.”

The company said the advancement of its proposed Stabilis Galveston LNG Facility is a natural progression of its established LNG bunkering footprint in Galveston. 

“As a Houston-based company, we believe in the Texas economy and the future growth of the Port of Galveston,” it added.

“That belief is why we’ve invested heavily over the past four years in the planning, permitting, and engineering design work to develop the most advanced, derisked, shovel-ready small-scale LNG liquefaction project on the Gulf Coast.”

Manifold Times previously reported Stabilis stating that the proposed Stabilis Galveston LNG Facility is anticipated to be in production by the third quarter of 2028.

It will come complete with the delivery of the first new-build, dedicated Jones Act-compliant LNG bunker barge in the Galveston/Houston area.

This comes following Stabilis receiving a Letter of Recommendation from the US Coast Guard following their formal review of the proposed Stabilis Galveston LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

Related: Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility
Related: Stabilis Solutions terminates 10-year LNG supply deal, expects delay in Galveston project

 

Photo credit: Stabilis Solutions
Published: 14 August, 2026

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