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ENGINE on Fuel Switch Snapshot: Rotterdam’s B100 becomes more cost-effective for EU voyages

B100 now $90/mt cheaper than HSFO in Rotterdam; LNG delivery premium down $10/mt in Rotterdam; Singapore’s LNG flips to discount to LSMGO.

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ENGINE on Fuel Switch Snapshot: Rotterdam's B100 becomes more cost-effective for EU voyages

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:

  • B100 now $90/mt cheaper than HSFO in Rotterdam
  • LNG delivery premium down $10/mt in Rotterdam
  • Singapore’s LNG flips to discount to LSMGO

B100’s discounts to fossil fuels have widened even further in Rotterdam. It is now $116/mt cheaper than VLSFO and a substantial $228/mt cheaper than LSMGO in the port.

Even for scrubber-fitted vessels bunkering in Rotterdam, B100 remains the most cost-effective alternative, standing at a significant $90/mt discount against HSFO.

Rotterdam’s biofuel bunker sales fell to 110,000 mt in the first quarter of the year and made up 5% of the port’s total bunker sales, down from peaks of 10-11% between the third quarter of 2023 and the second quarter of 2024.

Rotterdam’s sales have been trailing further and further behind Singapore’s 361,000 mt in the first quarter this year.

ENGINE on Fuel Switch Snapshot: Rotterdam's B100 becomes more cost-effective for EU voyages

LBM continues to be Rotterdam’s cheapest bunkering option for dual-fuel vessel owners. Its discount to LNG has widened by a slight $2/mt, to $253–293/mt, depending on a vessel’s methane slip.

LBM’s discount to VLSFO has also increased, now standing at $204–339/mt.

LBM’s discount to Rotterdam’s B100, meanwhile, has narrowed by $9/mt to $88–223/mt over the past week.

Liquid fuels

Rotterdam’s VLSFO benchmark has declined by $8/mt over the past week, mirroring an $8/mt decrease in front-month ICE Brent futures. Prompt supply of the grade remains tight in the wider ARA region, with lead times of 5–7 days recommended.

The port’s B100 price has declined by a greater $27/mt in the past week. PRIMA Markets last assessed the Dutch HBE rebate for B100 at $406/mt, up $16/mt from a week earlier.

Singapore’s VLSFO benchmark has remained unchanged over the past week. Lead times for the grade have grown longer, now standing at 6–18 days compared to 8–12 days the week before.

Liquid gases

Rotterdam’s LNG bunker price has declined by $17/mt over the past week. The drop has largely been driven by a $10/mt drop in the bunker delivery premium over the Dutch TTF gas benchmark, which has fallen by $10/mt on the week to $83/mt.

LNG’s discount to LSMGO has widened by a further $8/mt to $23/mt.

Singapore’s LNG bunker price has dropped by $51/mt in the past week. Asian LNG bunker prices typically track the NYMEX Japan/Korea Marker (JKM), which has declined by $0.82/MMBtu during the same period, pushing the front-month contract down to $11.27/MMBtu ($586/mt).

A price gap has “emerged between Asia and Europe amid stagnant demand in Asia, and the supply of US spot LNG to Asia increased due to arbitrage trading,” according to JOGMEC.

Singapore’s LNG price has shifted to a $5/mt discount against LSMGO over the past week, down from a $41/mt premium. These prices include estimated EU compliance costs for Singapore–EU voyages.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 29 April, 2025

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LNG Bunkering

Baleària arranges LNG bunkering operations on same day at Port of Barcelona

Occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

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Baleària arranges three LNG bunkering operations on same day in Barcelona

Spanish shipping company Baleària on Thursday (15 May) said it broke an all-time record for the supply of liquefied natural gas (LNG) with the bunkering of three of its vessels in the port of Barcelona.

The occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

The company said the three vessels were fuelled with a total of 2,320 MWh of LNG by eight tankers. 

Fast ferry Margarita Salas was fuelled by three tankers simultaneously. Ferry Martín i Soler was fuelled by two tankers and ferry Bahama Mama was bunkered by another three tankers also. 

“Our commitment to LNG grew by 184% in 2024. Combined with electric propulsion and other eco-efficiency measures, we have managed to reduce our carbon footprint by almost 10% per passenger,” it said. 

 

Photo credit: Baleària
Published: 19 May, 2025

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Biofuel

Cosco-controlled Piraeus Container Terminal offers biofuel bunkering services

PCT, a fully controlled subsidiary of Cosco Shipping Ports, has officially introduced biofuel bunkering services for vessels calling at the Port of Piraeus.

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Cosco-controlled Piraeus Container Terminal offers biofuel bunkering services

Cosco Shipping Europe, the regional management company of China Cosco Shipping Corporation in the European Region, on Friday (16 May) said biofuel bunkering is now available at Piraeus Container Terminal (PCT) in Greece. 

PCT, a fully controlled subsidiary of Cosco Shipping Ports, has officially introduced biofuel bunkering services for vessels calling at the Port of Piraeus – supporting customers in achieving greener, more sustainable supply chains.

After listening to customer needs, Cosco Shipping (Europe) said PCT swiftly moved into action to re-evaluate legal foundations for biofuel bunkering under ISO 8217:2024 and new Greek regulations.

It added that PCT also partnered with suppliers to provide full-service bunkering options.

 

Photo credit: Cosco Shipping Europe
Published: 19 May, 2025

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Ammonia

ABS answers critical safety questions related to using ammonia as a marine fuel

ABS engineers examined realistic bunkering situations such as STS, terminal-to-ship and truck-to-ship, as well as ammonia dispersion from the vessel due to a leakage incident in the engine room.

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RESIZED Venti Views on Unsplash

Classification society American Bureau of Shipping (ABS) on Thursday (15 May) published its report to bring together the findings of its advanced research into the performance of ammonia on board.

Critical safety questions such as “how does ammonia behave when it leaks in an engine room?” and “how does a cloud of escaped ammonia disperse during bunkering operations?” are addressed in the latest ABS research.

ABS performed computational fluid dynamics (CFD) simulations using advanced tools to quantitatively assess the risks associated with ammonia dispersion in accidental leakage scenarios. 

ABS engineers examined realistic bunkering situations such as ship-to-ship, terminal-to-ship and truck-to-ship, as well as ammonia dispersion from the vessel due to a leakage incident in the engine room.

“This publication provides a comprehensive report of ABS’ efforts to address the challenges and opportunities presented by ammonia as a marine fuel,” said Vassilios Kroustallis, ABS Senior Vice President, Global Business Development.

“Through detailed analysis of ammonia dispersion studies and emergency evacuation protocols, ABS is contributing to the discourse on safe and supportable maritime fuel alternatives, fostering a culture of preparedness and resilience.”

In addition to CFD simulation analysis, ABS leveraged the latest industry best practices and advancements in software and hardware – including acoustic cameras for detecting and visualizing ammonia leakage – to provide a thorough, three-part framework for owners and operators evaluating ammonia as a cleaner fuel source:

  • Proactive regulatory engagement and risk anticipation
  • Development and implementation of a multifaceted safety framework, combining qualitative and quantitative risk assessments
  • Real-time monitoring and optimized emergency response

Note: Download a copy of the ABS publication Safety Insights for Ammonia as a Marine Fuel here.

 

Photo credit: Venti Views on Unsplash
Published: 19 May, 2025

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