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LNG Bunkering

CCEC and CMA CGM form joint venture to build and operate LNG bunkering vessel

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel.

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Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going gas vessels, on Friday (12 June) announced the formation of a joint venture company with CMA CGM. 

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel. 

The joint venture marks CCEC’s entry into the LNG bunkering segment, the company’s first vessel dedicated to marine fuel supply.

In connection with this transaction, the joint venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the construction of the vessel at a contract price of USD 82.8 million, with delivery expected in the third quarter of 2028.

Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.

In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel from the shipyard.

Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented: “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply. 

“Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”

Christine Cabau, Executive Vice President Operations and Assets of CMA CGM, said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”

 

Photo credit: Scott Graham
Published: 16 June, 2026

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Alternative Fuels

ENGINE on Fuel Switch Snapshot: B100 and LBM prices decline in Rotterdam

Rotterdam B100 premium over VLSFO narrows; Dutch ZRE A price climbs by €25/mtCO2e; B100 flips to discount to LSMGO in Singapore.

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ENGINE on Fuel Switch Snapshot: B100 and LBM prices decline in Rotterdam

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:

3 August 2026

  • Rotterdam B100 premium over VLSFO narrows
  • Dutch ZRE A price climbs by €25/mtCO2e
  • B100 flips to discount to LSMGO in Singapore

Rotterdam’s B100 has remained at a premium over VLSFO for another week, although the spread has narrowed by $69/mt to $41/mt over the past week. Its discount to LSMGO has widened by $77/mt to $417/mt.

Singapore’s B100 has slipped to a $6/mt discount to LSMGO, from a $2/mt premium a week earlier.

ENGINE on Fuel Switch Snapshot: B100 and LBM prices decline in Rotterdam
ENGINE on Fuel Switch Snapshot: B100 and LBM prices decline in Rotterdam

Liquefied biomethane (LBM) in Rotterdam has regained its price advantage over VLSFO for vessels with Otto medium speed (Otto MS) engines. The benchmark has shifted from a $25/mt premium a week ago to a $68/mt discount.

For vessels with diesel slow speed (diesel SS) engines, Rotterdam’s LBM discount to VLSFO has widened by $93/mt to $242/mt.

In Singapore, LNG’s premium over LSMGO for Otto MS engines has narrowed by $11/mt to just $4/mt over the past week.

For vessels with diesel SS engines, Singapore LNG is priced at a $79/mt discount to LSMGO.

Liquid fuels

Rotterdam’s VLSFO and LSMGO prices have climbed by $26-34/mt over the past week.

The gains have come despite a $6.89/bbl ($51/mt) slump in front-month ICE Brent futures, to $83.92/bbl ($615/mt), and a $1.85/mtCO2e decline in Dec26 EUA prices to $93.34/mtCO2e.

Rotterdam’s HSFO price has bucked the trend, falling by $45/mt.

Fuel availability remains tight for prompt deliveries in the ARA, with suppliers recommending lead times of 5-7 days to secure stems, a trader said.

Rotterdam’s B100 price has dropped by $43/mt over the past week.

Prima Markets-assessed Dutch ZRE A ticket prices have climbed by €25/mtCO2e to €130/mtCO2e, adding downward pressure on Rotterdam’s B100 benchmark.

“Market sources had explained the strong gains by pointing out that not enough renewable fuels are blended to meet the Dutch maritime mandate this year,” Prima said.

Singapore’s VLSFO price has risen by $16/mt over the past week, while LSMGO has edged down by $4/mt.

VLSFO availability in Singapore remains very tight, with suppliers recommending lead times of 16-20 days. LSMGO availability has improved, with lead times easing to 5-8 days from 9-11 days a week earlier.

Singapore’s B100 price has fallen by $11/mt over the past week.

Liquid gases

Rotterdam’s LNG prices have fallen by $67/mt over the past week, while LBM prices have retreated by $67-68/mt.

LBM discounts to LNG in Rotterdam have remained broadly unchanged, widening slightly by $1/mt to $290-298/mt.

In Singapore, LNG prices have eased by $15/mt over the past week.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 4 August, 2026

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LNG Bunkering

Shanghai Port surpasses 2 million m³ LNG bunkering milestone with PIL vessel

Achievement was reached on 25 July when PIL’s “Kota Eagle” vessel received 4,549 m3 of LNG marine fuel from SIPG Energy’s LNG bunkering vessel at the Lvhuashan Anchorage off the coast of Shanghai.

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Shanghai Port surpasses 2 million m³ LNG bunkering milestone with PIL vessel

Shanghai Port has surpassed 2 million cubic metres (m³) of cumulative LNG bunkering volume, with Pacific International Lines’ (PIL) Kota Eagle participating in the milestone operation, the Singapore-based container operator said on Monday (3 August). 

The company said the achievement was reached on 25 July when PIL’s Kota Eagle vessel received 4,549 m3 of LNG marine fuel from SIPG Energy’s LNG bunkering vessel at the Lvhuashan Anchorage off the coast of Shanghai, China.

“As part of our commitment to decarbonisation, PIL is modernising our fleet by investing in LNG dual-fuel vessels,” it said.

“Delivered in 2024, Kota Eagle is PIL’s first LNG dual-fuel container vessel, and it also completed its maiden LNG bunkering operation at Shanghai’s Yangshan Port. To date, we have taken delivery of nine LNG dual-fuel newbuild vessels.” 

PIL added that the landmark achievement by Shanghai Port reflects its rapidly growing bunkering capabilities, which provide the critical support needed for the efficient operation of our expanding fleet of greener vessels. 

 

Photo credit: Pacific International Lines
Published: 3 August, 2026

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LNG Bunkering

Singapore: Equatorial Marine Fuel among eight selected for new LNG bunkering licences

Other recipients include Aramco Trading Singapore, ExxonMobil Asia Pacific, PetroChina International (Singapore), Shell Eastern Trading, Vitol Bunkers (S) and Sinopec Fuel Oil (Singapore).

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The Maritime and Port Authority of Singapore (MPA) on Thursday (30 July) said it will issue eight new licences to supply liquefied natural gas (LNG) as a marine fuel in Singapore from 1 September.

MPA said the new licences will expand Singapore’s LNG bunkering capacity, strengthen the supporting ecosystem to meet growing demand for LNG bunkering services, and support Singapore’s continued development as a multi-fuel bunkering hub. 

The licences will be awarded to Aramco Trading Singapore, Equatorial Marine Fuel Management Services, ExxonMobil Asia Pacific, PetroChina International (Singapore), Shell Eastern Trading, Sinopec Fuel Oil (Singapore), TotalEnergies Gas & Power Asia (TEGPA)-Sembcorp Fuels (Singapore) Joint Venture, and Vitol Bunkers (S).

“The eight successful applicants were selected following an evaluation of their supply capabilities, commercial plans, operational experience, and safety standards,” MPA said in a statement.

The evaluation also considered their capabilities to monitor and mitigate methane slip and support the supply of methane-based alternatives with lower lifecycle greenhouse gas emissions, including liquefied bio-methane and e-methane.

The licences will be valid for five years, from 1 September 2026 to 31 August 2031, subject to licensees continuing to meet the relevant licensing conditions. Licensees are required to provide end-to-end LNG bunkering services, including fuel supply, storage, cargo transfer and delivery to vessels. 

The issuance of these licences concludes the Call for Applications launched on 14 January.

To further strengthen safe and reliable LNG bunkering operations, MPA and Enterprise Singapore, through the Singapore Standards Council, will upgrade the existing Technical Reference for LNG Bunkering (TR56) into a Singapore Standard (SS) in August 2026. 

“The new SS will strengthen safety requirements, bunkering procedures, custody transfer and crew competencies, and serve as a common industry reference for LNG bunkering operations in Singapore,” MPA added.

“The SS will enhance Singapore’s LNG bunkering ecosystem and reinforce Singapore’s position as a trusted bunkering hub.”

Related: Singapore: MPA invites applications for new LNG bunkering licences

 

Photo credit: Manifold Times
Published: 31 July, 2026

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