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Alternative Fuels

DNV and RSI launch Baltic and North Sea green fleet renewal study

Both launched a feasibility study to develop a commercial framework for orders of green-fuelled newbuilds to decarbonize sea transport supply chain in Baltic and North Sea areas and beyond.
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Classification society DNV on Thursday (5 January) said together with the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bulk charterers, they have launched a feasibility study to develop a commercial framework for orders of green-fuelled newbuilds to decarbonize the sea transport supply chain in the Baltic and North Sea areas and beyond.

With this project, the RSI members aim to reduce their Scope 3 emissions and meet their sustainability targets in response to growing market demands and regulatory reporting requirements on environmental performance across the value chain.

The RSI members see a strong need for green newbuilds to replace the ageing shortsea fleet operating in the Baltic and North Sea dry bulk trade and beyond. Many of the vessels are expected to reach the end of their economic life in the next five to 10 years. 

The study, supported by R&D funding from the Swedish traffic administration Trafikverket, aims to accelerate the energy transition in the regional sea trade by identifying opportunities for green fleet renewal through transport systems analysis and interaction with cargo owners, shipowners, suppliers, and authorities.

“Despite great strides being made to reduce our carbon footprint from land transport, progress has been lagging in shipping, even though this accounts for a large share of our transport needs,” said RSI chairman Sebastian Tamm, Sustainability & Logistics Manager at EFO. 

“This market-driven initiative is a great opportunity to share knowledge, define parameters and standards, find common ground and discuss possible synergies to determine what is achievable in relation to future shipping needs,” Tamm said. 

“Through an exchange of knowledge and information, shipowners will be able to gain a better understanding of the market’s requirements to make the right newbuild investment decisions.”

Cost and emissions analysis

The study will analyze the consequences of introducing new vessels based on two alternative green ship concepts: The ECO-Bulk concept, designed to reduce emissions as much as possible within current commercial terms. And the ZERO-Bulk concept for zero emissions, expected to require more collaboration and longer commitments between stakeholders.

This analysis will examine different scenarios based on the existing commercial frameworks, as well as alternative business models such as collaboration between shipowners and bunker suppliers, and public investment support. It will also factor in new environmental regulations including the EU’s Emissions Trading System for shipping.

Tackling sea transport ‘inefficiencies’

“One of the key challenges to the broader uptake of alternative fuels is the uncertainties among shipowners about what the market wants and is willing to pay for over the lifetime of a new vessel,” said Hannes von Knorring, Principal Consultant at DNV Maritime. 

“Transport buyers may also lack information on what options are available, and what the practical consequences are to their value chains. We have started by mapping each participating company’s current transport routes, cargo volumes, employed vessels and ports to understand the logistical and cargo handling requirements and identify areas with the largest potential for green fleet renewal.”

Identifying ship synergies

“We have already discussed some possible synergies, for example, in supply of alternative fuels and access to shore power, as well as how to use vessels more efficiently,” says Tamm. “Through this project, we will better understand the solutions that can be deployed, tailored to the needs of a large group of cargo owners. I’m hopeful that in the next five years this could lead to standardized vessel sizes in the regional trades with that can meet our transport needs with much lower emissions,” Tamm added.

 

Photo credit: DNV
Published: 6 January, 2023

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Bunker Fuel

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

4.59 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt recorded during the similar month in 2024, according to MPA.

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July 15, 2025

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Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Sales of marine fuel at Singapore port increased by 7.5% on year in June 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.59 million metric tonnes (mt) (exact 4,594,700 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt (4,274,900 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 1.70 million mt (+8.6% from 1.56 million mt), 2.31 million mt (-7.2% from 2.33 million mt), 1,900 mt (from zero), 4,500 mt (-88% from 8,000 mt) and zero (from zero).

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 38,800 mt (+671.7% from 2,500 mt), 114,300 mt (+97.9% from 45,400 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February this year, recorded 1,000 mt of deliveries in June.

LNG and methanol sales were respectively 55,400 mt (-7.8% from 51,700) and zero (from zero mt). There were no recorded sales of ammonia for the month and so far in 2025.

Related: Singapore: Bunker sales volume raises to year record high of 4.88 million mt in May
Related: Singapore: Bunker fuel sales increase by 4% on year in April 2025
Related: Singapore: Bunker fuel sales increase by 0.5% on year in March 2025
Related: Singapore: Bunker fuel sales down by 8.1% on year in February 2025
Related: Singapore: Bunker fuel sales down by 9.1% on year in January 2025

A complete series of articles on Singapore bunker volumes reported by Manifold Times tracked since 2018 can be found via the link here.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July 2025

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Alternative Fuels

ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

Company contracted Sasaki Shipbuilding to build the 5,000 m3 vessel and Izumi Steel Works to construct an ammonia tank plant that will be loaded onto the vessel, which is expected to be delivered in 2027.

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July 15, 2025

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ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

ITOCHU Corporation (ITOCHU) on Monday (14 July) announced that it recently signed a shipbuilding contract for the construction of a 5,000 m3 ammonia bunkering vessel with Sasaki Shipbuilding. 

The company also announced an agreement regarding the construction of an ammonia tank plant that will be loaded onto the vessel with Izumi Steel Works. 

These agreements were signed by Clean Ammonia Bunkering Shipping Pte Ltd (CABS), a wholly owned Singapore-based specific purpose company of ITOCHU. 

In relation to this, CABS has concluded a financing agreement with The Hiroshima Bank for financing a part of purchase price of the vessel.

The agreements were concluded to pursue the Demonstration Project for Bunkering Ammonia as Marine Fuel in Singapore adopted by the Ministry of Economy, Trade and Industry in Japan as part of the Global South Future-oriented Co-Creation Project (large-scale demonstration in ASEAN member states). 

Going forward, with an eye toward the demonstration of ammonia bunkering in Singapore after building the world’s first newbuilding ammonia bunkering vessel, ITOCHU said efforts will be made to facilitate concrete discussions with the maritime stakeholders, including the port authority in Singapore, the Maritime & Port Authority of Singapore (MPA), and the fuel producers, while obtaining support from the Japanese Government.

The vessel is to be flagged under the Singapore Registry and is expected to be delivered in September 2027.

ITOCHU will establish a safe offshore bunkering operation of ammonia as marine fuel by way of ship-to-ship transfer through the development and construction of the vessel and demonstration. 

Then, by utilising the vessel, ITOCHU will establish connection between the first movers in clean ammonia production and the first movers in the ammonia-fueled vessels and secure initial demand for ammonia as marine fuel, aiming at the commercialisation of ammonia bunkering business in Singapore and expansion of similar business model to major maritime transportation points around the world, including Spain (Strait of Gibraltar), Egypt (Suez Canal) and Japan.

 

Photo credit: ITOCHU Corporation
Published: 15 July 2025

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Biofuel

Chimbusco Pan Nation delivers first B30-MGO bio bunker fuel blend supply in Hong Kong

The supply, delivered to Orient Overseas Container Line, represents the first time OOCL has received this fuel blend in the region; operation also included a simultaneous delivery of B30-HSFO.
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July 15, 2025

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Chimbusco Pan Nation delivers first B30-MGO bio bunker fuel blend supply in Hong Kong

Hong Kong-based marine fuel oil supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (11 July) announced the first-ever delivery of a B30-Marine Gasoil (B30-MGO) which consists of 30% biodiesel and 70% Marine Gasoil (MGO), in Hong Kong. 

The supply, delivered to Orient Overseas Container Line (OOCL), represents the first time OOCL has received this fuel blend in the region.

In addition to the B30-MGO, this operation included a simultaneous delivery of B30-High Sulphur Marine Fuel Oil.

“This delivery, completed on 11 July, solidifies CPN’s leadership in advancing green fuel solutions in East Asia. Being the first bunker supplier in the region capable of providing all grades of ISCC-EU Certified marine biofuel, including marine fuel and gas oil, CPN demonstrates its commitment to supporting the maritime industry’s transition to sustainable energy,” the company said on its website. 

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 15 July, 2025

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