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Alternative Fuels

ENGINE on Fuel Switch Snapshot: LNG drops to greater discounts to LSMGO

LSMGO prices surge on fresh Russia sanctions; LNG prices drop with weakening TTF and JKM; B100 discounts to HSFO and VLSFO narrow.

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ENGINE on Fuel Switch Snapshot: LNG drops to greater discounts to LSMGO

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:

3 November 2025 

  • LSMGO prices surge on fresh Russia sanctions
  • LNG prices drop with weakening TTF and JKM
  • B100 discounts to HSFO and VLSFO narrow

Rotterdam’s B100 discounts to HSFO and VLSFO have narrowed to $138/mt and $151/mt, respectively. Prices for all three grades have fallen in the past week, but the fuel oil grades have fallen by more than B100.

LSMGO has jumped $38/mt higher and moved to a $371/mt premium over B100.

Singapore’s B100 premiums over HSFO and LSMGO have narrowed to $534/mt and $462/mt, respectively. B100’s premium over LSMGO has slumped $41/mt lower to $245/mt amid a $21/mt LSMGO gain.

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Rotterdam and Singapore’s LNG prices are both down by $5-6/mt on the week, depending on engine type and methane slip.

Rotterdam’s LNG price has held at a steady premium of $46/mt over HSFO when the LNG is consumed in an Otto medium speed engine (Otto MS). Its premium over VLSFO has come down to $25/mt, while its discount to LSMGO has widened to $187/mt.

Singapore’s LNG premium over VLSFO has been trimmed to $45/mt, while its premium over HSFO has increased to $117/mt – both for vessels with Otto MS engines on voyages between Singapore and an EU port. The port’s LNG discount to LSMGO has widened to $172/mt.

We estimate that Rotterdam’s liquefied biomethane (LBM) can generate FuelEU Maritime pooling values of $667/mt when the LBM is consumed in an Otto MS engine, and $809/mt in a diesel slow speed (diesel SS) engine. This is for LBM with a greenhouse gas intensity of 0 gCO2e/MJ. With these pooling values, LBM can cost $145/mt less than LNG for a vessel with an Otto MS engine sailing between two EU ports, and $149/mt less with a diesel SS engine.

Liquid fuels

LSMGO prices have been lifted along with diesel by Western sanctions on Russia. LSMGO prices are up $38/mt in Rotterdam and $21/mt in Singapore.

Russia exports around 1 million b/d of diesel and the US, UK and EU’s latest rounds of sanctions on Russia’s shadow fleet and third-party companies buying Russian oil have stoked concerns in the market and pushed prices up.

HSFO and VLSFO prices, meanwhile, have come further off recent multi-month and multi-year highs after being pulled down by weakening front-month ICE Brent crude values in the past week.

B100 prices have also had headwinds in the past week. Weaker POMEME and UCOME barge prices in the ARA, and lower UCOME cargo prices in Singapore and China have added downward pressure.

Liquid gases

LNG prices are down by $15/mt in Rotterdam and $10-11/mt in Singapore.

A $0.40/MMBtu ($21/mt) drop in the front-month Dutch TTF gas price and a $0.21/MMBtu ($11/mt) drop in the front-month JKM price have weighed on the delivered LNG bunker prices.

By Erik Hoffmann

 

Photo credit: ENGINE
Published: 4 November, 2025

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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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