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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

Singapore-based EPS takes delivery of three LNG dual-fuel bulk carriers

Three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

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Singapore-based Eastern Pacific Shipping (EPS) on Friday (4 September) announced the naming and delivery of three new LNG dual-fuel Newcastlemax bulk carriers from China’s Qingdao Beihai Shipbuilding. 

Cyril Ducau, CEO of EPS, said the vessels were named Mount Victoria, Mount Yulong and Mount Wuyi

The three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

“A big thank you to CSSC Group and Qingdao Beihai Shipbuilding, working alongside our EPS team, for the tremendous collaboration and commitment behind this achievement,” Ducau said in a social media post.  

 

Photo credit: Eastern Pacific Shipping
Published: 7 September, 2026

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LNG Bunkering

LR awards AiP to CSSC Huangpu Wenchong for 12,500 m³ LNG bunker vessel design

Vessel design incorporates Type C LNG cargo tanks and has been evaluated against a range of class notations covering gas operations, automation, environmental performance and cyber resilience.

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Classification society Lloyd’s Register (LR) on Thursday (3 September) said it has awarded Approval in Principle (AiP) to CSSC Huangpu Wenchong Shipbuilding Co., Ltd. for a new 12,500 m³ LNG bunkering vessel design.

The AiP was signed at SMM 2026 in Hamburg and confirms that the vessel concept has successfully completed an independent design assessment against LR’s latest classification requirements.

The new 12,500 m³ vessel design incorporates Type C LNG cargo tanks and has been evaluated against a comprehensive range of class notations covering gas operations, automation, environmental performance and cyber resilience.

LR’s assessment was carried out in accordance with its Rules and Regulations for the Classification of Ships and Rules and Regulations for the Construction and Classification of Ships for the Carriage of Liquefied Gas in Bulk.

Constantinos Chaelis, LR’s Global Gas Segment Director, said: “This project demonstrates the continued market confidence in LNG and the importance of building the supporting infrastructure that enables owners to make practical emissions reductions today, while maintaining flexibility for the future. Through early engagement between shipyard and class, we can accelerate the delivery of robust designs that meet both operational and regulatory requirements.”

A Huangpu Wenchong spokesperson, said: “This Approval in Principle from Lloyd’s Register validates the technical approach and provides a strong foundation for future development. We believe vessels of this type will play an increasingly important role in supporting the energy transition by helping ensure LNG is available where shipowners need it most.”

 

Photo credit: Lloyd’s Register
Published: 7 September, 2026

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Alternative Fuels

DNV at SMM: Chinese shipbuilders, European owners seek closer ties on alternative bunker fuels

Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026.

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Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026, according to classification society DNV on Friday (4 September). 

The summit, jointly organized by the China Association of the National Shipbuilding Industry (CANSI), the German Shipowners’ Association (VDR) and DNV, brought together leaders from two maritime sectors that collectively shape a significant share of the global fleet. 

Energy efficiency, operational flexibility and digital innovation were highlighted as key areas for the industry as it navigates decarbonization targets, evolving regulation and uncertainty around future fuel pathways.

Knut Ørbeck-Nilssen, Group President and CEO at DNV, said: “Gathering leaders from across Chinese shipbuilding, European shipping and the wider maritime value chain in one room is both timely and important. The decisions being made across our industry today will shape shipping for decades to come, and this summit demonstrates a shared commitment to shaping the future of our industry together.”

Xu Peng, Chairman of China State Shipbuilding Corporation (CSSC), said: “China and Europe’s maritime sectors share aligned missions, complementary strengths and promising prospects. This summit can serve as a starting point for deeper cooperation between China’s shipbuilding industry and Europe’s shipping community, and help broaden the boundaries of full‑chain collaboration and build an interconnected ecosystem.”

Dr. Gaby Bornheim, President of the German Shipowners’ Association (VDR), said: “For shipowners, a new vessel is never an investment for the next quarter. It is a commitment for decades. Long-term investments require trusted partnerships, and many of the world’s most advanced commercial vessels are the result of cooperation between European shipowners and Chinese shipbuilders. Excellence is rarely achieved in isolation.”

China’s shipbuilding industry accounts for around 70% of the global orderbook, while European shipowners operate more than one-third of the world’s fleet capacity. As the global shipping industry faces increased uncertainty, finding solutions that provide flexibility is essential. 

The summit featured two high-level panel discussions moderated by Dr. Martin Kröger, CEO of VDR, and Li Yanqing, Vice Chairman and Secretary General of CANSI, bringing together senior executives from leading Chinese shipbuilders, including China Merchants Industry (CMI), Guangzhou Shipyard International (GSI), Shanghai Waigaoqiao Shipbuilding (SWS), and Shanghai Merchant Ship Design & Research Institute (SDARI), alongside European shipowners and operators such as Vogemann Reederei, Briese Schiffahrt, Bernhard Schulte, MPC Containerships, and Grieg Edge, as well as DNV. 

Discussions further highlighted the importance of close China-Europe collaboration to support shipping’s transformation.

 

Photo credit: DNV
Published: 7 September, 2026

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