DNV, VPS, ZeroNorth and EMF among Marine Fuels 360 Award winners
Informa Markets announced recipients to twelve open awards across four sectors – Shipping, Bunker Trade & Supply, Decarbonisation & Technology and Bunkering services – and three special awards.
Informa Markets on Wednesday (29 November) announced the recipients to the inaugural Marine Fuels 360 Awards 2023 at a Gala Dinner held at the Marina Bay Sands.
Twelve open awards across four sectors – Shipping, Bunker Trade & Supply, Decarbonisation & Technology and Bunkering services were conferred, evaluated by a panel of judges formed by industry thought-leaders.
The hotly contested Decarbonisation Technology Award was awarded to Anemoi Marine Technologies, with their Rotor Sails technology standing out as an innovative, safe and effective solution for reducing environmental impact of the shipping industry, as well as its potential for wide- scale adoption.
Kim Diederichsen, CEO of Anemoi Marine Technologies, said: “What we do is we bring wind technology to the market, namely rotor sails. It’s an honour being here, receiving this prestigious award this night.” Reducing fuel consumption and emissions on commercial vessels through utilising wind power for auxiliary propulsion, the technology can be adapted to various vessel types and sizes from existing vessels to newbuilds, to enhance their Energy Efficiency Design Index (EEDI).
TFG Marine Pte Ltd was awarded the Physical Supplier of the Year Award. It stands out as an industry leader for its scale of operations, proactive approach to decarbonisation, investment in technology, commitment to transparency and customer service. As one of the world’s largest physical bunker suppliers, TFG has delivered more than 10 million tons to over 480 clients globally over the last financial year.
Marine Fuels 360 Awards
“TFG is very honoured to get this award and it’s a recognition of the hard work and the good work we have done and also the milestones we have achieved so far for the whole of the year. We will continue to strive to provide good services and transparency to our customers, support all the alternative fuels and energy transitions across all spectrum”, said Soo Yong, Regional Bunker Sales.
Three special awards were also presented to celebrate the recognise the outstanding work and exemplary contributions to three individuals, recognising their performance in the bunkering industry – Industry Icon, CEO of the Year and Lifetime Achievement:
The Industry Icon Award goes to Mr Choong Kien Siong, President, Equatorial Marine FuelManagement Services Pte Ltd, who said: “It is a great honour to receive this prestigious award. Together withthe new generation, Equatorial Marine Fuel will continue to adapt and reinvent ourselves as we sail into the green economy.”
The CEO of the Year was presented to Mr. Russell Hardy, Group CEO, Vitol Services Ltd. Receiving the award on his behalf is Captain Rishab Bahl, Managing Director of Mansel Pte Ltd, said: “The maritime industry has committed to a major decarbonisation mission and this is not going to be without challenges. Our industry will turn to Singapore for leadership and our industry has committed to a major decarbonisation mission where we will support Singapore’s decarbonising journey.
The honorary Lifetime Achievement was also conferred to Capt. Rajesh Unni, Executive Chairman, Synergy Marine Group, who said: “If there is one thing that I have learnt, is that Singapore offersthe opportunity on the basis of meritocracy, there is hope for people to take and given their all and there is chance, so I am grateful for this country for giving us the opportunity and that I have made some impact in your life, that hopefully is my mission.
The full list of awardees as below:
Shipping
Shipping Company of the Year – Hafnia Ship Manager of the Year – Synergy Marine Group
Bunker Trade & Supply
Physical Supplier of the Year – TFG Marine Pte Ltd Physical Trader of the Year – Minerva Bunkering Pte Ltd Deal of the Year – Shell North America LNG Alternative-Fuelled Vessel Design of the Year – Eaglestar Shipmanagement (S) Pte Ltd Supply Chain & Logistics Excellence of the Year – TotalEnergies Marine Fuels Pte. Ltd.
Decarbonisation & Technology
Decarbonisation Technology – Anemoi Marine Technologies Digitalisation- ZeroNorth Start-Up of the Year – Njord
DNV receiving the Classification Society AwardCaptain Rahul Choudhuri, President, Strategic Partnerships at VPS receiving the Marine Fuel Testing & Inspection Excellence Award
Special Awards
Industry Icon – Mr Choong Kien Siong, Equatorial Marine Fuel Management Services Pte Ltd CEO of the Year – Mr. Russell Hardy, Vitol Services Ltd Lifetime Achievement – Capt. Rajesh Unni, Synergy Marine Group
Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels.
The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029.
They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean.
Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.
“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said.
“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”
In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.
Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service.
This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships.
Photo credit: Yang Ming Marine Transport Published: 4 September, 2026
Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.
Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.
While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.
The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.
The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.
Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.
“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”
Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.
“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”
DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024
LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.
Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.
This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.
LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.
The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.
LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).
Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.
“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains.
“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve.
“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”