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ENGINE on Fuel Switch Snapshot: Conventional fuel rally stretches B100 discount spread in Rotterdam

Middle East tensions prompt Hormuz suspensions; Brent’s gain lifts conventional fuel prices; B100 discounts to conventional fuels widen in Rotterdam.

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ENGINE on Fuel Switch Snapshot: Conventional fuel rally stretches B100 discount spread in Rotterdam

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:

  • Middle East tensions prompt Hormuz suspensions
  • Brent’s gain lifts conventional fuel prices
  • B100 discounts to conventional fuels widen in Rotterdam

Several shipping companies have suspended vessel transits through the Strait of Hormuz, a critical chokepoint for global crude oil and gas trade, as tensions escalate in the Middle East.

Reports that operations at Saudi Aramco’s Ras Tanura refinery, and QatarEnergy’s LNG facilities at Ras Laffan Industrial City and Mesaieed Industrial City may have been halted, following possible attacks, have further heightened concerns over supply disruptions.

These developments have pushed Brent crude and gasoil prices sharply higher over the week, with knock-on effects for conventional fuel and gas prices across major bunkering ports.

ENGINE on Fuel Switch Snapshot: Conventional fuel rally stretches B100 discount spread in Rotterdam

B100’s discounts to VLSFO and LSMGO in Rotterdam have widened by $90–109/mt over the past week against this backdrop. B100’s discounts to LNG have increased even more sharply, widening by $150–152/mt depending on vessel engine type.

Liquid fuels

HSFO and VLSFO benchmarks have surged by $42–44/mt in Rotterdam and $43–55/mt in Singapore over the past week. Prices have tracked a sharp $6.76/bbl ($49.55/mt) rise in front-month ICE Brent futures amid escalating Middle East tensions and growing concerns over supply disruption.

LSMGO prices in Rotterdam (+$62/mt) and Singapore (+$55/mt) have largely followed a $133/mt weekly increase in ICE low sulphur gasoil futures.

B30-VLSFO benchmarks in both Rotterdam and Singapore have also jumped sharply by $78–91/mt, driven mainly by stronger gains in underlying VLSFO prices.

In contrast, Rotterdam’s B100 has fallen by $46/mt, with a $2.02/mt decline in December 2026 EUA contracts adding some downward pressure.

Singapore’s B100, however, has increased by $19/mt over the past week.

Liquid gases

Rotterdam’s LNG prices have climbed by $105–106/mt over the past week amid disruptions in the Strait of Hormuz, while LBM bunker prices have risen by a smaller $56–58/mt.

LNG has become even more expensive than LBM in Rotterdam, with the price spread widening by $48/mt over the week.

At the same time, LNG discounts to pure LSMGO in Rotterdam have narrowed by $42–43/mt to $79–296/mt.

By Konica Bhatt

 

Photo credit: ENGINE
Published: 3 March, 2026

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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.

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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

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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.

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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

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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