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ENGINE on Fuel Switch Snapshot: Major bunker prices edge lower

Rotterdam’s B100 is $160/mt cheaper than VLSFO; LNG and LBM prices drop $11-13/mt; LBM cheapest option for dual-fuel ships in Rotterdam.

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ENGINE on Fuel Switch Snapshot: Major bunker prices edge lower

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:

2 June 2025

  • Rotterdam’s B100 is $160/mt cheaper than VLSFO
  • LNG and LBM prices drop $11-13/mt
  • LBM cheapest option for dual-fuel ships in Rotterdam

B100’s discount to VLSFO in Rotterdam has remained almost steady, narrowing by just $1/mt to $161/mt.

These prices include costs of burning the fuels between two EU ports and an estimated pooling value for overcompliant vessels. The B100 price also includes a rebate from the Dutch HBE system.

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Fossil LNG is priced $150–197/mt above liquefied biomethane (LBM) in Rotterdam, which is $2/mt less than a week ago.

The premium is in a wide range because methane emissions are penalised in the EU’s FuelEU Martime regulation and LNG engines have varying methane slips.

The fossil LNG premium at the lower end of the price range ($150/mt) is for vessels equipped with diesel slow-speed (diesel SS) engines with 0.2% methane slips. The higher end of the range ($197/mt) applies to Otto medium-speed (Otto MS) engines with 3.1% methane slips.

For dual-fuel shipowners, fossil LNG is now $110/mt more expensive than VLSFO when used in Otto MS engines, but at a $55/mt discount to VLSFO when used in diesel SS engines with lower methane slips.

Liquid fuels

Rotterdam’s VLSFO price has taken a breather after three straight weeks of gains and is down by $9/mt in the past week. Prompt availability of all conventional fuel grades remains tight in the ARA region, a trader told ENGINE.

Rotterdam’s B100 benchmark has declined by $7/mt in the past week. There are signs of biofuel prices coming off in the past week. Prima Market’s has assessed its POMEME CIF ARA barge price down by about $20/mt compared to a week ago, and its assessed Dutch HBE rebate for marine B100 has gone up by $3/mt.

Biofuel bunker suppliers don’t necessarily track POMEME prices when they set their B100 bunker prices, but considerable price swings for POMEME – a key HBE-rebated marine biofuel type in the Netherlands – can translate into B100 price changes over time.   

Singapore’s VLSFO price has declined by $11/mt over the same period. Lead times for the grade remain stable at 8–15 days amid sluggish demand, a source told ENGINE.

The price of B100 has held steady in Singapore in the past week. B100 is $528/mt now pricier than VLSFO for vessels sailing on voyages from Singapore to EU ports – for which 50% of their emissions count.

Liquid gases

Rotterdam’s LNG bunker price has declined by $13/mt over the past week.

The LNG bunker price has tracked a 2% drop in the front-month Dutch TTF Natural Gas contract, which has moved lower on the back of ample gas supplies in the EU and rising Norwegian output.

Singapore’s LNG bunker price has declined by $16/mt over the past week.

The decline reflects “continued sluggish demand from end users across East Asia,” according to the Japan Organization for Metals and Energy Security (JOGMEC).

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 3 June, 2025

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Technology

Singapore: Ofiniti, ONE trial direct platform integration to streamline bunker workflows

Ofiniti started a trial in Singapore, integrating FuelBoss directly with a bunker buyer’s own platform, with Ocean Network Express as its first buyer-side integration partner.

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Singapore: Ofiniti, ONE trial direct platform integration to streamline bunker workflows

Ofiniti, the digital platform for maritime fuel operations, on Tuesday (21 July) said it has started a trial in Singapore, integrating FuelBoss directly with a bunker buyer’s own platform.

The company announced Singapore-headquartered container shipping firm Ocean Network Express (ONE) as its first buyer-side integration partner. 

“It is no coincidence we start in Singapore, as the Maritime and Port Authority of Singapore (MPA) remains at the forefront of digitalisation of all things bunkering,” the company said in a social media post.

In November 2023, MPA launched its digital bunkering platform, becoming the world’s first port to implement e-BDN. 

Ofiniti said every bunker delivery still runs on retyped data. 

“The buyer’s system says one thing, the supplier says another, and someone reconciles the gap by email, phone, or PDF. On every stem,” the company said. 

“We built FuelBoss to change this reality.”

With the integration, operational data now flows without manual re-entry, fewer reconciliation errors and faster processing and data, instead of documents, are readily available for procurement and claims workflows. 

“One connection will not transform the industry on its own, but digitalisation gets built one integration at a time. We are grateful to ONE for being willing to go first,” Ofiniti added.

Manifold Times previously reported ONE completing its successful trial of the electronic Bunker Delivery Note (e-BDN) with Shell. 

The e-BDN trial, using the digital bunkering solution developed by Angsana Technology, was conducted on 9 September 2023 at the Port of Singapore, with support from the MPA.

In March 2025, Ofiniti acquired Singapore-based Angsana Technology, with the entire Angsana team joining Ofiniti as part of the acquisition.

Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes
Related: ONE completes e-BDN adoption trial with Shell in Port of Singapore
Related: Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions

 

Photo credit: Ofiniti
Published: 22 July, 2026

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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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