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ENGINE on Fuel Switch Snapshot: B100 swings to discount to LBM with high-methane slip

B100 flips to a discount to LBM for Otto MS engines; Rotterdam B100’s discount to LSMGO crosses $800/mt; LNG-LBM spread in Rotterdam narrows for third week.

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ENGINE on Fuel Switch Snapshot: B100 swings to discount to LBM with high-methane slip

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:

23 March 2026

  • B100 flips to a discount to LBM for Otto MS engines
  • Rotterdam B100’s discount to LSMGO crosses $800/mt
  • LNG-LBM spread in Rotterdam narrows for third week

Rotterdam’s B100 has switched to a discount to 0 gCO2e liquefied biomethane (LBM) consumed in Otto medium speed (Otto MS) engines for the first time since December.

LBM’s high FuelEU Maritime pooling value has significantly reduced its effective cost since the regulation was implemented last year. This made it the most attractive compliance option for dual-fuel vessels in Rotterdam, regardless of whether these vessels had Otto MS or diesel slow speed (diesel SS) engines.

B100 has been at a consistent premium over LBM burnt in Otto MS engines from December until this week. One of the reasons for B100 costs falling relative to LBM has been a lower estimated FuelEU Maritime pooling value for both fuels. LBM generates a greater FuelEU compliance surplus and has taken the biggest absolute hit from a lower surplus price.

LBM’s estimated FuelEU Maritime pooling value was $940-1,100/mt at the start of December and has now dropped by $80-90/mt to $860-1,010/mt. B100’s estimated pooling value has dropped by a smaller $60/mt to $620/mt.

B100-LBM spreads have narrowed significantly over the past month, especially for for vessels burning LBM in high-methane-slip Otto MS engines. A sharp rise in LBM prices has contributed to flip LBM consumed in an Otto MS engine to a $76/mt premium over B100.

Rotterdam’s LBM retains an edge for vessels with diesel SS engines, but its discount to B100 has narrowed by $114/mt on the week to $125/mt.

It should be noted that B100 and LBM largely cater to different vessel segments with distinct operational needs and fuel requirements, and do not necessarily compete with each other.

Rotterdam B100’s discount to LSMGO has widened by $204/mt to $832/mt in the past week. Its discounts to LNG have expanded by $72–74/mt, to $231–427/mt, depending on LNG engine.

Liquid fuels

Rotterdam’s HSFO and VLSFO prices have risen by $28-48/mt over the past week. A $74/mt rally in front-month ICE Brent futures has added upward pressure, while improved bunker fuel availability in the ARA hub could have capped sharper gains.

LSMGO has surged $244/mt higher, largely tracking a $274/mt jump in ICE low-sulphur gasoil futures.

Rotterdam’s B100 benchmark has gained $40/mt. Counter-pressure has come from an €11/mtCO2e increase in Dutch ZRE A ticket prices, which are now at €137–139/mtCO2e.

In contrast, Singapore’s conventional bunker fuel prices have declined by $19-153/mt, while its B100 benchmark has edged $3/mt lower.

B100’s premium over VLSFO in Singapore has widened by $150/mt, while its discount to LSMGO has narrowed by $17/mt.

Liquid gases

Rotterdam’s LNG bunker prices have climbed $111–114/mt higher, depending on methane slip. They have been supported by a 16% rise in the assessed LNG bunker premium, from $136/mt to $157/mt. Prices have been further underpinned by a sharp 14% gain in the front-month Dutch TTF natural gas contract.

Higher withdrawals from underground gas storage and growing fears of prolonged global LNG supply disruptions following damage to Qatar’s Ras Laffan gas field have pushed TTF upwards.

“The impact [of Ras Laffan damage] is likely to be long term, with restoration of production expected to take more than three years,” ANZ Bank senior commodity strategist Daniel Hynes said.

Rotterdam’s LBM price has surged $150–153/mt higher over the past week.

LNG’s premiums over LBM in Rotterdam have narrowed for a third consecutive week, falling by $39/mt to $351–356/mt, depending on engine type.

The Gulf war has also lifted the front-month NYMEX Japan/Korea Marker (JKM), which has helped to push Singapore’s LNG bunker prices up by $233–234/mt in the past week, also depending on engine type.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 24 March, 2026

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Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

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BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

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Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

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NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

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Ammonia

AM Green plans to build green ammonia plant at Indian port

Initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes, says VOC Port Authority.

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VO Chidambaranar (VOC) Port Authority on Friday (29 May) said it has signed a Memorandum of Understanding (MoU) with India’s ammonia producer AM Green Ammonia to collaborate in the development of a green ammonia production plant.

The plant will have a capacity of one million tonnes per annum (MTPA) at Tuticorin.

The initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes. 

The project is expected to support the development of green fuel corridors connecting VOC Port with major ports in Europe and Asia, thereby strengthening India’s position in the global green fuels value chain.

VOC Port also signed a Memorandum of Understanding (MoU) with Bureau Veritas (India) Pvt. Ltd., to collaborate on Green Port certification, emissions accounting, ESG reporting, safety validation, development of green bunkering practices, and establishment of a Centre of Excellence for green fuels and sustainability.

The port also plans for an upcoming 750 m³ green methanol bunkering facility.

 

Photo credit: Naveed Ahmed on Unsplash
Published: 3 June, 2026

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