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ENGINE on Fuel Switch Snapshot: LNG premiums shrink in Rotterdam

Rotterdam LNG nearly closes gap with LSMGO; B100–VLSFO spread narrows further.

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ENGINE on Fuel Switch Snapshot: LNG premiums shrink 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:

19 May 2025

  • Rotterdam LNG nearly closes gap with LSMGO
  • B100–VLSFO spread narrows further

LNG price premiums over conventional fuels have narrowed in Rotterdam over the past week.

LNG is currently $105/mt more expensive than VLSFO, a $13/mt drop on the week. Its premium over LSMGO now stands at $6/mt, down from $19/mt the week before.

LNG continues to maintain its premiums over LBM, ranging between $148-194/mt depending on the engine type and associated methane slip.

Meanwhile, Rotterdam’s B100 discount to VLSFO has widened by $10/mt, to $152/mt. B100’s discount to LSMGO has also increased, reaching $251/mt from $240/mt last week.

ENGINE on Fuel Switch Snapshot: LNG premiums shrink in Rotterdam

Liquid fuels

Rotterdam’s VLSFO price has gained $14/mt in the past week. Prompt bunker fuel availability of the grade has tightened in the wider ARA region, with lead times now recommended at 7-8 days.

Rotterdam’s B100 benchmark has remained largely stable, with a $4/mt gain. A $7/mt drop Prima Market’s assessed HBE rebate has added some upward pressure on B100. But a $21/mt fall in Prima’s POMEME CIF ARA barge price has offset further upside.

A biofuel bunker supplier has seen demand grow for B100 and B30 lately. Its barge schedules has been filling up with contract and new demand, especially for shipping companies looking to comply with FuelEU Maritime and reduce their EU ETS exposure. While stems could be fixed with only a few days of lead time previously, two weeks of lead time is recommended now.

Singapore’s VLSFO price has increased by $14/mt over the week. Bunker availability has improved in the port amid subdued demand and VLSFO lead times have shortened from 9–17 days last week to 6–13 days.

Biofuel bunker demand has come off a bit in Singapore, where the market is now dominated by a few key players, a local source says.

Liquid gases

Rotterdam’s LNG bunker price has remained nearly flat, edging up by just $1/mt over the past week amid a stable front-month Dutch TTF Natural Gas contract.

Steady Norwegian gas supplies have put downward pressure on the Dutch TTF, according to the Japan Organization for Metals and Energy Security (JOGMEC). This has been offset by market uncertainty around the ongoing Russia-Ukraine peace talks.

LBM prices in Rotterdam have increased by $1–3/mt, depending on a vessel’s engine type and methane emissions.

Singapore’s LNG bunker benchmark has gained $18/mt over the same period, mostly due to a 4% increase in the underlying front-month NYMEX Japan/Korea Marker (JKM).

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 20 May, 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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