Connect with us

LNG Bunkering

Double milestone celebrated at Fincantieri shipyard for MSC LNG-fuelled cruise ships

Occasion was celebrated at Fincantieri’s Sestri Ponente (Genoa) shipyard with float out and steel cutting of two new units from the new luxury cruise brand launched by MSC Group.

Admin

Published

on

289 1

Italian shipbuilder Fincantieri on Wednesday (6 September) said a double milestone was celebrated at Fincantieri’s Sestri Ponente (Genoa) shipyard with the float out and steel cutting of the two new LNG-fuelled cruise ships from Explora Journey, new luxury cruise brand launched by the MSC Group.

After two months after the delivery of Explora I, which took place in Monfalcone on July 20, a double ceremony  was held for the float out of Explora II and the steel cutting of Explora III.

The two ships represent the second and third vessels out of a total of as many as four ordered by the MSC Group from Fincantieri. 

The total investment for the four ships is about EUR 2.3 billion and is capable of generating a spillover effect on the Italian economy of more than EUR 10 billion along with an extremely high employment impact, as the construction of each individual ship requires more than 7 million man-hours of work and the average employment of 2,500 people for more than two years.

Michael Ungerer, CEO of Explora Journeys, said: “Today’s double ceremony represents an important step forward in building and strengthening our brand, which is redefining the standards of luxury ocean travel thanks to the unparalleled experience that Explora Journeys’ ships are able to offer our guests. These ships, that are also at the forefront from an environmental point of view, are among the best ambassadors of Made in Italy in the world and bear witness to both Italy’s high manufacturing and shipbuilding capacity, and to the MSC Group’s commitment to a country in which we continue to believe and invest very significant resources”.

Pierroberto Folgiero, Chief Executive Officer of Fincantieri, said: “Today’s double ceremony fully expresses Fincantieri’s great productive commitment to the realisation for the MSC Group of the Explora class, a project that guarantees the highest quality standards and was conceived from the beginning to accelerate the path toward the zero-emission ship”.

After being launched into the water today with the technical launch, Explora II will be completed in the coming months and delivered in the summer of the next year, spending her first seasons in the Mediterranean discovering the most striking locations in the Mare Nostrum, including some enchanting Italian destinations such as Portofino, the Argentario, Rome, Naples, Sorrento, Palermo, Syracuse, Trapani, Lipari, Cagliari, Alghero and the Costa Smeralda. Explora I, which is successfully concluding its inaugural season in Europe and during the winter season will sail between the Caribbean and the East and West Coasts of the United States, will also return to the Mediterranean in the summer of 2024 to take its guests to discover destinations such as Puglia, Sicily and Venice.

Explora III, whose construction began with a traditional steel cutting ceremony, will enter service in the summer of 2026 and will be the first ship in the Explora fleet to be powered by LNG. 

In January 2024, construction will begin on EXPLORA IV, also powered by LNG, which will be completed in early 2027.

Photo credit: Fincantieri 
Published: 13 September, 2023

Continue Reading

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Admin

Published

on

By

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

Continue Reading

LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

Admin

Published

on

By

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

Continue Reading

Alternative Fuels

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

B100 discount to LSMGO widens to $541/mt in Rotterdam; Singapore’s B100 drops to $106/mt below LSMGO; Rotterdam LBM at $639-833/mt discounts to LSMGO.

Admin

Published

on

By

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

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:

20 July 2026

  • B100 discount to LSMGO widens to $541/mt in Rotterdam
  • Singapore’s B100 drops to $106/mt below LSMGO
  • Rotterdam LBM at $639-833/mt discounts to LSMGO

B100’s premium over HSFO in Rotterdam has narrowed by $50/mt over the past week to $64/mt, while its discount to VLSFO has widened by $83/mt to $105/mt.

B100 has become far more competitive against LSMGO in Rotterdam, with its discount widening by $180/mt over the past week to $541/mt, as a surge in conventional fuel prices left B100 broadly unchanged by comparison.

B100’s price has risen by $109/mt in Singapore, but its discount to LSMGO has still widened by $102/mt to $106/mt, as LSMGO surged by an even greater $211/mt.

Rotterdam’s LNG premium over VLSFO has widened by $35/mt to $201/mt for vessels with Otto medium speed (Otto MS) engines. For vessels with diesel slow speed (diesel SS) engines, LNG has flipped to a $15/mt premium over VLSFO, from a $22/mt discount the prior week.

Liquefied biomethane (LBM) discounts to VLSFO in Rotterdam have narrowed by $50-52/mt to $203-396/mt over the past week. Against LSMGO, LBM discounts have widened by $45-47/mt to $639-833/mt, depending on engine type.

In Singapore, LNG is now $42/mt cheaper than LSMGO for vessels with Otto MS engines, and $134/mt cheaper for vessels with diesel SS engines.

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

Liquid fuels

HSFO and VLSFO prices in Rotterdam have jumped by $66/mt and $99/mt respectively over the past week, while LSMGO has surged by an even steeper $196/mt. A $9.69/bbl ($71/mt) rise in front-month ICE Brent futures, to $87.94/bbl ($645/mt), drove bunker prices sharply higher across the board.

Bunker fuel availability is tight for prompt delivery dates in the ARA ports, with buyers advised to enquire about stems between 5-7 days ahead to get good coverage, a trader said.

Rotterdam’s B100 price has risen by $16/mt over the past week. Dutch ZRE A ticket prices were unchanged at €107.50/mtCO2e.

Singapore’s HSFO and VLSFO prices have risen by $130/mt and $132/mt respectively, while its LSMGO price has gained an even steeper $211/mt over the past week.

VLSFO availability in Singapore has been tight, with several suppliers reporting low stock levels. Recommended lead times have widened from 13–17 days last week to 14–19 days now.

Liquid gases

Rotterdam’s LNG prices have surged by $134-136/mt over the past week, while its LBM prices have climbed by $149-151/mt.

LBM discounts to LNG in Rotterdam have narrowed by $15/mt to $404-411/mt.

Singapore’s LNG bunker benchmarks have surged by $196-197/mt over the past week.

By Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 21 July, 2026

Continue Reading

Trending