Connect with us

LNG Bunkering

Argus Media: LNG as marine fuel demand could rise by ’35

Demand for LNG as a marine fuel will increase within the next 10 years if supply is boosted by exports from the US and Russia, according to Danish bunker supplier Monjasa.

Admin

Published

on

Argus Media: LNG as marine fuel demand could rise by '35

Demand for LNG as a marine fuel will increase within the next 10 years if supply is boosted by exports from the US and Russia, according to Danish bunker supplier Monjasa.

24 June 2025

An increase in US and Russian LNG exports would make it a more viable option in the marine fuel market compared with conventional bunker fuel, Monjasa chief executive, Anders Østergaard said today at the Marine Money convention in New York.

“If more Russian and more American LNG would come into the global markets, then I truly believe — and we’ve seen that before the war between Russia and Ukraine — that the price of LNG would beat the price of both fuel oil and diesel oil,” Østergaard said.

Conventional marine fuels, such as high-sulphur fuel oil and very low-sulphur fuel oil, will remain the dominant fuels in the bunker market in the next 10 years like it is today, according to Østergaard.

Demand for other potential alternative marine fuels, like ammonia and methanol, are not likely to pick up by 2035 because the cost to use those fuels is not competitive unless regulations to use those fuels are changed, he said.

The US is currently the largest global LNG exporter. Former US president Joe Biden’s administration paused issuing export licenses for new LNG terminals last year. President Donald Trump lifted the ban earlier this year and has been approving export licenses for proposed LNG terminals.

The EU has relied less on Russian gas and oil imports since Russia invaded Ukraine in 2022 and it is proposing to phase out all gas and oil imports by January 2028.

By Luis Gronda

 

Photo credit: Monjasa
Source: Argus Media
Published: 25 June, 2025

Continue Reading

Port & Regulatory

China sees rapid growth in new-energy, clean-energy vessels for domestic market

Country has over 600 LNG vessels, primarily used for inland cargo transport, and 485 battery-powered electric vessels, mostly serving as passenger ferries.

Admin

Published

on

By

Vice Transport Minister Fu Xuyin MT

China is accelerating its shift to use greener bunker fuels in inland water transport, with more than 1,000 vessels powered by new energy or clean energy now operating nationwide, according to the Ministry of Transport.

As of the end of 2024, the country had over 600 liquefied natural gas (LNG) vessels, primarily used for inland cargo transport, and 485 battery-powered electric vessels, mostly serving as passenger ferries, Vice Transport Minister Fu Xuyin told a press conference on 27 June.

A smaller number of inland vessels powered by methanol or hydrogen fuel cells are also in use, Fu added.

China’s electric vessel industry has developed rapidly in recent years, leading globally in both scale and technological advancement, he said.

Alongside upgrading vessels, China is accelerating efforts to develop green, low-carbon ports, and this includes expanding and renovating inland port terminals with a focus on sustainability, Fu noted.

China is also developing near-zero-carbon inland terminals, encouraging the use of wind and solar power at ports, promoting the use of new energy and clean energy in port machinery and on-site transport vehicles, and prioritizing rail and new-energy trucks for bulk cargo handling, he added.

 

Photo credit: Xu Xiang/China State Council Information Office
Published: 8 July 2025

Continue Reading

Bunker Fuel

Titan adopts FuelBoss by Ofiniti for digital bunkering and live delivery insights

Per-Christian Dettwiler, CPO of Titan, says the firm has reached a scale where manual coordination and paper-driven workflows are no longer sustainable and needed a digital platform that can evolve with it.

Admin

Published

on

By

Titan adopts FuelBoss by Ofiniti for digital bunkering and live delivery insights

Ofiniti, a provider of digital solutions for maritime bunker operations, on Thursday (3 July) said LNG bunker fuel supplier Titan Clean Fuels (Titan) is adopting its FuelBoss platform to meet higher demand for cleaner marine fuels and offer digitalised bunker operations. 

Ofiniti said Titan, which started as a small-scale LNG bunkering initiative, has rapidly evolved into a larger regional player in LNG and bio-LNG. 

“Confidence is continuing to grow in the sector, with recent reports showing that LNG accounts for 87 of the 151 alternative-fuelled vessels ordered in H1 of 2025,” the company said in a social media post. 

Subsequently, Titan is bolstering its capacity to handle higher demand with the FuelBoss software providing a digital backbone for increasing operational planning, scheduling and execution.

“We have reached a scale where manual coordination and paper-driven workflows are no longer sustainable. To maintain reliability, efficiency, and transparency across our growing operations, we needed a digital platform that can evolve with us. FuelBoss gives us the structure and visibility to execute consistently – no matter the vessel, port, or partner involved,” said Per-Christian Dettwiler, Chief Operating Officer of Titan.

FuelBoss enables real-time delivery coordination between vessels, suppliers, terminals, surveyors, and customers. This means reduced operational friction, more transparent communication, and the ability to meet the rising expectations of a broad customer base from cruise operators to deep-sea cargo fleets. 

“Titan exemplifies what a future-ready marine fuel supplier looks like: fast-growing, ambitious, and uncompromising on service quality. With clients spanning both regulated and high-performance environments, they expect structured, digital workflows by default, with eBDN being a part of this. We’re proud to support Titan on their mission to scale clean fuel delivery with confidence,” said Martin Christian Wold, VP Business Development of Ofiniti.

 

Photo credit: Ofiniti
Published: 7 July, 2025

Continue Reading

LNG Bunkering

Axpo Solutions wraps up first LNG STS bunkering operation in Port of Sines

During the operation, the company safely bunkered 2,700 metric tonnes of LNG to “MSC Togo”, carried out under Simultaneous Operations (SIMOPS), in Port of Sines in Portugal.

Admin

Published

on

By

Axpo Solutions wraps up first-ever LNG STS bunkering operation in Port of Sines

Axpo Solutions has successfully completed the first ever LNG Ship-to-Ship (STS) bunkering operation in Port of Sines in Portugal, according to Daniele Corti, Head of Small Scale LNG of the company, on Saturday (5 July).

During the operation, the company safely bunkered 2,700 metric tonnes (mt) of LNG to MSC Togo, carried out under Simultaneous Operations (SIMOPS).

“At Axpo, we’re deeply committed to expanding the availability of LNG as a marine fuel in more ports across Europe, supporting the meaningful decarbonisation of the maritime transport sector,” he said in a social media post. 

“We look forward to continuing our mission to enable cleaner shipping across Europe!”

 

Photo credit: Axpo Solutions
Published: 7 July, 2025

Continue Reading

Trending