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ENGINE on Fuel Switch Snapshot: Rotterdam’s B100 flips to premium over HSFO

B100 loses price advantage to HSFO, even with EU regs; LNG’s premium over VLSFO narrows.

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Fuel Switch Snapshot: Rotterdam’s B100 flips to premium over HSFO

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 March 2025 

  • B100 loses price advantage to HSFO, even with EU regs
  • LNG’s premium over VLSFO narrows

A sharp $46/mt increase in Rotterdam’s VLSFO-equivalent price of B100 (100% biofuel) has pushed B100 to a $37/mt premium over conventional HSFO, from a $30/mt discount in the past week.

These prices include the cost impacts of EU Emissions Trading System (EU ETS) and FuelEU Maritime regulations. B100 is considered a zero-carbon fuel under EU ETS, while FuelEU penalises HSFO and rewards B100, which has a theoretical FuelEU pooling benefit of $642/mt. This reduces B100’s estimated real cost to $716/mt.

In comparison, HSFO’s real estimated bunkering cost has fallen to $680/mt in the past week, reflecting lower estimated EU Allowance (EUA) costs, and a $21/mt decline in the grade’s VLSFO-equivalent price in the past week.

B100’s discount to Rotterdam’s VLSFO for intra-EU voyages has also narrowed sharply, dropping from $98/mt last week to $31/mt now.

Fuel Switch Snapshot: Rotterdam’s B100 flips to premium over HSFO

Rotterdam’s VLSFO-equivalent LNG bunker price, including EU regulations, has dropped by $129/mt since 14 February, after a surge in European gas demand had briefly lifted the benchmark above $1,000/mt in early February.

As LNG prices ease down, the Rotterdam’s LNG premiums over liquid fossil fuels have also narrowed.

The VLSFO-equivalent price of LNG in Rotterdam is now $158/mt higher than VLSFO when used in an Otto medium-speed (Otto MS) engine with a 3.1% methane slip, reflecting a $46/mt decline in its premium over the past week.

For LNG dual-fuel shipowners deciding between LNG and biofuels, LNG now costs $189/mt more than B100 in Rotterdam – a $112/mt reduction in its price premium over the past week.

All the prices mentioned above account for EU ETS compliance costs and FuelEU Maritime penalties or pooling benefits for voyages between two EU ports.

Liquid fuels

Rotterdam’s VLSFO price has declined $13/mt over the past week, closely tracking a $12/mt drop in the front-month ICE Brent futures contract. With EU regulations factored in, the decline is sharper at $21/mt. Prompt VLSFO supply remains tight in the wider ARA region.

Singapore’s VLSFO benchmark has fallen by a larger $30/mt in the same period.

This price decline seems to be largely driven by lower-priced stems recorded in ENGINE’s database for both prompt and non-prompt deliveries in the port. Recommended lead times have now been extended to 10 days, up from five days last week.

Liquid gases

Rotterdam’s VLSFO-equivalent LNG price has dropped $60/mt lower over the past week, or $67/mt when factoring in EU regulations. The decline has mainly been driven by a 14% plunge in the front-month Dutch TTF Natural Gas contract.

According to the Japan Organization for Metals and Energy Security (JOGMEC), the decline can mostly be attributed to “warm weather and discussions on the introduction of flexible gas storage targets.”

Singapore’s VLSFO-equivalent LNG benchmark has seen a smaller $15/mt decline, following a $0.33/MMBtu ($18/mt) decline in the NYMEX Japan/Korea Marker (JKM) benchmark.

“Progress in peace negotiations over the war in Ukraine and sluggish demand in Asia” seem to have weighed on the JKM benchmark, JOGMEC explained.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 4 March, 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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