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ENGINE on Fuel Switch Snapshot: LNG approaching bio-blend pricing

LNG inches closer to B24-VLSFO in Singapore; Rotterdam’s LNG at $120/mt premium over VLSFO; Singapore’s B24-LSMGO priced just $9/mt higher than B24-VLSFO.

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ENGINE on Fuel Switch Snapshot: LNG approaching bio-blend pricing

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:

  • LNG inches closer to B24-VLSFO in Singapore
  • Rotterdam’s LNG at $120/mt premium over VLSFO
  • Singapore’s B24-LSMGO priced just $9/mt higher than B24-VLSFO

The front-month Brent futures contract has made a modest recovery in the past week, gaining $4/mt. This followed its largest weekly decline in 11 months the previous week.

In contrast, VLSFO benchmarks in Rotterdam and Singapore have suffered sharper declines, posting low-double-digit losses.

A rise in Rotterdam’s LNG benchmark has now pushed the benchmark to a $120/mt premium over the port’s VLSFO bunker price, and to a $32/mt premium over its LSMGO.

LNG is now over $100/mt costlier than LSMGO in Singapore, and $96/mt higher with estimated EU Allowances (EUAs) included.

B24-VLSFO has moved unusually close to B24-LSMGO in Singapore, with only a $9/mt price difference between them.

VLSFO

Rotterdam’s VLSFO has dropped by $23/mt in the past week. VLSFO availability has been steady in Rotterdam and the wider ARA hub, but demand has been soft in the region, a source said. Another source said demand has not been great in Rotterdam 

Singapore’s VLSFO benchmark has declined by $19/mt in the past week, and by a higher $20/mt when adjusted with the estimated EUA price for a voyage from Singapore to an EU port.

VLSFO availability in Singapore remains tight, with lead times now extending up to 11 days. While prompt deliveries are still possible, they are typically priced $30-40/mt higher than non-prompt deliveries dates, according to a source.

ENGINE has recorded 15 VLSFO stems in Singapore priced between $565-604/mt in the past week. Of these, 12 lower-priced stems were fixed for non-prompt deliveries (i.e. deliveries with a lead time of more than seven days), and only three were fixed for prompt deliveries. The lower-priced stems seem to have contributed to the benchmark’s price drop.

Biofuels

Singapore’s B24-VLSFO UCOME price has dropped by $11/mt in the past week, while its B24-LSMGO UCOME price has shed $4/mt. A $19/mt decline in ENGINE’s underlying conventional VLSFO price has contributed to drive down Singapore’s B24-VLSFO UCOME price.

Rotterdam’s B24-VLSFO HBE price has declined by a sharp $26/mt over the past week, while its B24-LSMGO HBE price has declined more moderately, dropping by $12/mt.

PRIMA Market’s palm oil mill effluent methyl ester (POMEME) CIF ARA price has declined by $34/mt to $1,302/mt in the past week. This, coupled with a $23/mt decline in the underlying ENGINE conventional VLSFO price, has put downward pressure on the B30-VLSFO HBE price.

LNG

Rotterdam’s LNG bunker price has risen due to lower natural gas flows from Norway and Russia, while Singapore’s price has dropped amid increased LNG supply and lower demand.

By Konica Bhatt, Debarati Bhattacharjee and Nithin Chandran

 

Photo credit and source: ENGINE
Published: 17 September, 2024

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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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