Alternative Fuels
ENGINE on Fuel Switch Snapshot: B100 surges to narrow discounts in Rotterdam
B100 discounts shrink by $77–97/mt in Rotterdam; Rotterdam LBM price drops against B100; Singapore B100 premium over HSFO crosses $500/mt.
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:
2 February 2026
- B100 discounts shrink by $77–97/mt in Rotterdam
- Rotterdam LBM price drops against B100
- Singapore B100 premium over HSFO crosses $500/mt
Rotterdam’s B30-LSMGO price has fallen by $37/mt, while its LSMGO price has declined by a sharper $46/mt over the past week. The B30-LSMGO benchmark’s discount to pure LSMGO has narrowed by $9/mt to $125/mt.
Over the same period, Rotterdam’s B100 price has risen by $52/mt. B30-LSMGO is now $232/mt more expensive than B100, marking a sharp $90/mt contraction in its premium week on the week.
All three prices are expressed as VLSFO-equivalents and adjusted for EU regulations, making them directly comparable. The fuels are also compliant with the 0.10% sulphur limit in European Emission Control Areas (ECAs).
Ships bunkering B30-VLSFO in Rotterdam and burning it on a voyage to a nonEU port will incur overall costs of $558/mt. This is $23/mt less than pure VLSFO and $351/mt less than B100 for the same voyage.
B100’s discounts to conventional fuel grades have narrowed by $77–97/mt over the week, to $139–359/mt for EU-EU voyages.
Rotterdam’s B100 is $154-375/mt cheaper than the port’s LNG, depending on a vessel’s LNG engine type. But the discounts have narrowed by $65-68/mt over the past week.
Liquid fuels
Rotterdam’s HSFO, VLSFO and LSMGO prices have declined by $26/mt, $37/mt and $46/mt, respectively, over the past week.
Its B100 (POMEME) price has risen by $52/mt in the same period. The B100 price has gone up despite a $17/mtB100 increase in the estimated value of Dutch ZRE A tickets. This ZRE A value is now estimated at $572/mtB100.
ENGINE’s assessed FuelEU Maritime pooling value for B100 on EU-EU voyages has edged up by $2/mt on the week, to $671/mt.
In Singapore, HSFO and LSMGO prices have risen by $16/mt and $8/mt, respectively, while VLSFO has declined by $14/mt. Singapore’s B100 price has jumped $55/mt higher.
Singapore’s B100 premiums over conventional fuel grades have increased by $39-69/mt to $327–524/mt for voyages between Singapore and EU ports.
Liquid gases
Rotterdam’s LNG price has fallen by $17/mt over the past week for vessels with Otto medium speed (Otto MS) engines sailing between EU ports, largely tracking a $16/mt reduction in the EU ETS cost.
Over the same period, Rotterdam’s 0 gCO2e/MJ liquefied biomethane (LBM) price for the same engine type has edged up by $5/mt.
The higher default methane slip from these Otto MS engines started getting penalised heavily in the EU ETS regulation from this year. This brings Rotterdam’s LNG to a $515/mt premium over LBM for vessels with the same engine, and a $375/mt premium over B100.
For vessels with diesel slow speed (diesel SS) engines, Rotterdam’s LNG has declined by $14/mt, closely aligning with a $12/mt drop in the EU ETS cost over the week. The LBM price for vessels with this engine type has increased by $8/mt.
Vessels with diesel SS engines have lower default methane slips. LNG bunkered in Rotterdam on these vessels costs $522/mt more than LBM and $154/mt more than B100 on EU-EU voyages.
LBM’s discounts to B100 in Rotterdam have widened by $42-44/mt in the past week, to $140-368/mt.
In Singapore, LNG bunker prices have increased by $15–17/mt, depending on the vessel’s engine type and its default methane slips.
By Konica Bhatt
Photo credit: ENGINE
Published: 3 February, 2026
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Alternative Fuels
DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026
In total, 137 alternative-fuelled vessels were ordered in the first half of 2026 compared to 155 in the same period in 2025.
Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform showed a total of 15 new orders for alternative-fuelled vessels were placed in June 2026.
This consisted of 10 orders for LNG-fuelled vessels, nine of which were car carriers and one a CO2 carrier. The remaining five orders were for LPG/ethane carriers.
Two LNG-bunker vessels were also ordered in June, bringing the total in this segment to seven so far in 2026.
In total, 137 alternative-fuelled vessels were ordered in the first half of 2026, down 11.6% from 155 in the same period in 2025.
Over half of these (73) were for LNG-fuelled vessels, with most coming from the container (42) and car carrier (21) segments. LPG/ethane carriers were also prominent, with 55 new orders, a significant uptick compared to the first half of 2025 (15). The remaining orders were for vessels fuelled by methanol (2), ethanol (2), ammonia (4), and hydrogen (1).
Deliveries in the first half of the year point to continued uptake of alternative-fuelled tonnage across several segments, with 61 LNG-fuelled vessels and 38 methanol-fuelled vessels delivered so far in 2026.
More recently, Exmar took delivery of what it described as the first oceangoing dual-fuel ammonia vessel, marking a step beyond earlier ammonia-fuelled deliveries, which have largely been associated with pilot or demonstration projects rather than commercial deployment.
Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “What we can take away from the first half of 2026, in terms of the alternative-fuels orderbook, is that we have a market progressing at different speeds depending on segment economics, fuel availability, and the regulatory landscape. Shipowners and other stakeholders are pursuing different pathways based on their individual priorities and requirements.
“LNG remains the leading near-term fuel option, with order activity continuing to be led by containers and car carriers. LPG and ethane carriers have also accounted for a significant share of activity in the first half of the year, while developments in areas such as ammonia and ethanol show that multiple pathways continue to be explored.”
Photo credit: DNV
Published: 3 July, 2026
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