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Bunker Fuel

ENGINE on Fuel Switch Snapshot: Conventional gains hand biofuels back their edge

B100 nears parity with VLSFO in Rotterdam; LBM $6/mt cheaper than HSFO for vessels with diesel SS engines; Singapore’s LNG price jumps by $90/mt.

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ENGINE on Fuel Switch Snapshot: Conventional gains hand biofuels back their edge

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:

  • B100 nears parity with VLSFO in Rotterdam
  • LBM $6/mt cheaper than HSFO for vessels with diesel SS engines
  • Singapore’s LNG price jumps by $90/mt

Conventional fuel prices have risen at both Rotterdam and Singapore over the past week while B100 and Rotterdam’s B30 blends have fallen, handing the fuels that are favoured by EU regulations back much of the ground they lost last week. Four spreads have flipped outright, two at each port.

B100’s premium over VLSFO in Rotterdam has narrowed by $42/mt to $10/mt, leaving the two fuels within touching distance. Its premium over HSFO has narrowed by $71/mt to $107/mt.

The OceanScore FuelEU pooling index held flat this week, after last week’s €12.85/mtCO2e drop, so the compliance side of the move came from a rise in Dec26 EUA prices. ENGINE-assessed pooling values for B100 still rose $2/mt on EU-EU voyages, driven by a firmer euro.

B100’s discount to LSMGO in Rotterdam has widened by $61/mt to $523/mt.

In Singapore the pattern holds, but the gaps are wider. B100’s premium over VLSFO has narrowed by $24/mt to $298/mt, and its discount to LSMGO has widened by $11/mt to $42/mt.

Rotterdam’s B30-VLSFO has flipped from a $15/mt premium over VLSFO to a $23/mt discount, while B30-LSMGO’s discount to LSMGO has widened by $44/mt to $138/mt.

ENGINE on Fuel Switch Snapshot: Conventional gains hand biofuels back their edge

Rotterdam’s liquefied biomethane (LBM) has moved further. For vessels with diesel slow-speed (diesel SS) engines, it has flipped from a $16/mt premium over HSFO to a $6/mt discount, making it the cheapest fuel in the set on an EU-EU voyage. Its discount to VLSFO has narrowed by $7/mt to $103/mt.

For vessels with Otto medium-speed (Otto MS) engines, the position is less favourable, with methane slip both lifting the EUA bill and eroding the compliance surplus. LBM’s premium over VLSFO has widened by $10/mt to $66/mt, and its premium over B100 has widened by $52/mt to $56/mt, although the two fuels typically cater to different vessel types and are not directly comparable.

Rotterdam’s LBM holds discounts to LSMGO of $467-636/mt depending on engine type, $9-12/mt wider than a week earlier.

LNG has lost ground at both ports. Its premium over VLSFO in Rotterdam has widened by $43-46/mt to $182-343/mt depending on engine type, and in Singapore the premium over VLSFO for vessels with Otto MS engines has widened by $75/mt to $353/mt.

Singapore’s LNG has moved enough to turn two spreads around. For vessels with Otto MS engines, it has flipped from a $74/mt discount to a $14/mt premium over LSMGO, and B100 has swung from a $43/mt premium over LNG to a $56/mt discount, though again the two are not directly comparable.

For vessels with diesel SS engines, LNG holds its discount to LSMGO, but that has narrowed by $86/mt to $67/mt.

Liquid fuels

Rotterdam’s conventional fuel prices have gained $24-53/mt over the past week, with HSFO up the most. The port’s B100 price has fallen by $18/mt and its B30 grades by $1-14/mt.

The Dutch ZRE A price has remained unchanged at €130/mtCO2e over the past week.

 

Fuel availability has been tight for prompt supplies in the ARA, with buyers advised lead times of 5-7 days to get good coverage from suppliers, a trader said.

Singapore’s HSFO and VLSFO prices have gained $38/mt and $16/mt respectively, while LSMGO has edged up $3/mt. B100 has fallen by $8/mt.

Prompt bunker availability is tight in Singapore across all three main conventional grades. Suppliers are quoting lead times of about 4-9 days for LSMGO, 7-19 days for good VLSFO cover and 6-12 days indicatively for HSFO, a trader said.

The gains came as front-month ICE Brent futures rose by $3.73/bbl ($27/mt) to $92.78/bbl ($680/mt), while Dec26 EUA prices rose by $3.41/mtCO2e to $98.28/mtCO2e, adding to the compliance cost of every fossil grade.

Liquid gases

Rotterdam’s LNG prices have gained $67-70/mt depending on engine type, and the port’s LBM prices $31-34/mt.

LBM’s discount to LNG in Rotterdam has widened by $36/mt to $277-285/mt over the past week.

Singapore’s LNG prices have jumped by $89-90/mt, the largest weekly move of any fuel at either port.

By Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 25 August, 2026

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LNG Bunkering

GAIL, DPA and DNV to explore LNG bunkering facility at Kandla Port

Initiative will explore the development of LNG bunkering infrastructure, supply chain, safety framework and operational ecosystem at Kandla.

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India’s natural gas company GAIL on Sunday (23 August) said it has signed a Tripartite Cooperation Agreement with Deendayal Port Authority (DPA) and classification society DNV to explore the establishment of a LNG bunkering facility at Kandla Port.

The partnership brings together GAIL’s LNG expertise, DPA’s strategic port infrastructure and DNV’s global technical expertise in maritime safety and LNG bunkering.

“The initiative will explore the development of LNG bunkering infrastructure, supply chain, safety framework and operational ecosystem at Kandla, supporting the adoption of cleaner marine fuels and India’s vision for greener and more sustainable shipping,” the company said in a social media post.

The agreement was signed by Shri Sushil Kumar, Chairman of Deendayal Port Authority; Shri Anant Khobragade, ZCGM, Gujarat Zonal Office; and Ajay Kumar Singh, Business Lead, Marine Advisory, DNV India.

 

Photo credit: GAIL
Published: 25 August, 2026

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Alternative Fuels

GEA to provide global ethanol fuel data for DNV’s AFI platform

Nathaniel Frithiof, Sales Lead Digital Products at DNV, says the company expects GEA’s new data intelligence to give AFI customers greater confidence when exploring new pathways for marine fuels.

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DNV AFI

The Global Ethanol Association (GEA) and DNV on Monday (24 August) announced the launch of a three-year Ethanol Data Intelligence Partnership, marking an important expansion of their activities in ethanol research and data intelligence. 

The collaboration will support the development of a structured global ethanol database together with ongoing research, data maintenance and regular updates throughout the partnership.

Under the agreement, GEA will develop and provide comprehensive ethanol fuel data intelligence which will be integrated and made available to users of DNV’s Alternative Fuels Insight (AFI) platform. This initiative is designed to improve visibility and transparency across the global ethanol industry by bringing together structured and traceable information on ethanol production facilities and their characteristics from a fuelgrade perspective.

 The research will progressively capture and map key information including production facilities and their locations, production capacities, feedstocks and raw materials, fuel and output categories, based on documented and traceable sources. The research framework places particular emphasis on data quality and source traceability, drawing on publicly available and other verifiable information.

“With Morten Jacobsen, our Secretary General, and on behalf of our association, we are very pleased to develop this new capability, which further reinforces our role as an international coordination and execution platform for the ethanol industry,” said Sylvain Zurcher, President of the Global Ethanol Association.

“Through this collaboration, we are establishing the research infrastructure needed to map ethanol production facilities globally from a fuel-grade perspective and transform fragmented information into structured and traceable market intelligence. By providing greater visibility into areas such as production capacity, feedstocks, fuel categories and other fields of research, our objective is to help reduce information asymmetries for market participants and support better-informed decisions across the ethanol value chain.”

“As we have expanded and added new assets to the AFI platform we have always looked to build around the provision of high quality, verifiable data. And from our first meeting with GEA we have been very impressed by their commitment to providing the industry with solid insights on ethanol and the way they have already been able to build a solid network within the industry. This is looking to be a very productive partnership, and we are positive that this new data intelligence from GEA will enable our AFI customers to explore new shipping fuel pathways with confidence,” said Nathaniel Frithiof, Sales Lead Digital Products, DNV.

By developing a dedicated ethanol research and data intelligence capability, GEA aims to strengthen the information infrastructure available to organizations who are looking to evaluate ethanol across both emerging and established markets and applications. This new activity complements GEA’s existing work across its marine and aviation sector initiatives, project groups, policy engagement, and market-development activities.

 

Photo credit: DNV
Published: 25 August, 2026

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Bunker Fuel

EnerPure secures USD35m to commercialise UMO-to-low-sulphur marine fuel technology

By investing in EnerPure, CGF is enabling the scale-up of a made-in-Canada waste-to-value process that upgrades UMO into drop-in marine fuels compatible with existing marine vessel engines.

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EnerPure secures USD35m to commercialise UMO-to-low-sulphur marine fuel technology

Canada Growth Fund (CGF) recently announced an investment of USD 20 million in EnerPure, a Calgary-based cleantech company that has developed a proprietary small-scale, modular recycling process to convert used motor oil (UMO) into low-sulphur marine fuels. 

This transaction forms part of a USD 35 million growth equity financing led by Rice Investment Group (RIG), a U.S.-based multi-strategy investment fund focused on the energy sector.

By investing in EnerPure, CGF is enabling the scale-up of a made-in-Canada waste-to-value process that upgrades UMO, a petroleum-derived waste product, into drop-in marine fuels compatible with existing marine vessel engines. This investment directly supports the construction of EnerPure’s first commercial recycling facility in Alberta, anchoring the Company’s core technology, engineering and operating expertise in Canada, while contributing to the creation of high-quality jobs and catalyzing further private-sector capital into the country’s clean-fuels ecosystem.

“With more than $1 billion invested in clean technologies, CGF is helping innovative Canadian companies like EnerPure bring proven solutions to market. This investment will advance the construction of its first commercial facility and accelerate the deployment of a scalable, repeatable recycling platform,” said Yannick Beaudoin, President and Chief Executive Officer of Canada Growth Fund Investment Management (CGFIM). 

“By investing in EnerPure at this pivotal stage of growth, CGF is pleased to support the commercialization of a Canadian-developed circular-economy solution in a hard-to-abate sector.”

“EnerPure has developed a compelling platform with a differentiated approach to converting UMO into valuable marine fuels. We believe the combination of an attractive market opportunity, a scalable business model and a management team with deep project execution experience positions the Company well for its next phase of growth,” said Ryan Kanto, Partner at RIG. 

“We are pleased to lead this financing alongside CGF and to support EnerPure’s team as they advance construction of the first commercial facility.”

“This financing marks an important milestone for EnerPure and provides the capital required to advance construction of our first commercial facility in Alberta. We are excited to partner with investors who share our vision and support the execution of our growth plan as we demonstrate the commercial value of our technology at scale,” said Rick Koshman, President and Chief Executive Officer of EnerPure. 

“Our focus is now on execution: completing engineering, advancing construction and bringing our first commercial facility into operation. We appreciate the confidence shown by our investors and look forward to delivering on the milestones ahead.”

Founded in 2009 in Manitoba and now headquartered in Calgary, EnerPure is a Canadian cleantech company advancing a proprietary process designed to upgrade UMO into International Maritime Organization (IMO) 2020-compliant marine fuels. 

Through its small-scale, modular approach, the company aims to create a scalable network of recycling facilities capable of economically processing regional UMO volumes often underserved by traditional re-refining infrastructure.

Having successfully demonstrated the technology at pilot scale, the company is now advancing its first commercial-scale facility, with operations targeted for 2028.

 

Photo credit: Canada Growth Fund, EnerPure
Published: 25 August, 2026

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