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Alternative Fuels

ENGINE on Fuel Switch Snapshot: Sharp LNG price rises in major ports

Rotterdam LNG up nearly $100/mt this month; LNG price in Singapore gains on supply concerns; LBM’s discount to fossil LNG narrows slightly.

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ENGINE on Fuel Switch Snapshot: Sharp LNG price rises in major ports

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:

23 June 2025

  • Rotterdam LNG up nearly $100/mt this month
  • LNG price in Singapore gains on supply concerns 
  • LBM’s discount to fossil LNG narrows slightly

LNG’s price premium over VLSFO in Rotterdam has increased in the past week.

Rotterdam LNG’s premium over VLSFO has widened to $134/mt for dual-fuel vessels with Otto medium-speed (Otto MS) engines, while its discount has narrowed to $31/mt for vessels with diesel slow-speed (diesel SS) engines.

LNG’s premium over liquefied biomethane (LBM) in Rotterdam has decreased by $4/mt, to $158-206/mt depending on the vessel’s engine type and methane slip.

In Singapore, LNG is at a $39-122/mt premium over VLSFO, also depending on vessel engines and methane slip.

Rotterdam B100’s discount to VLSFO has narrowed by $7/mt over the past week, now at $163/mt.

The theoretical FuelEU pooling benefit for a ship sailing between EU ports and selling the compliance surplus it generates from using B100 has increased by $17/mt over the past week, to $693/mt.

Singapore B100’s premium over VLSFO has risen by $10/mt to $499/mt, after factoring in estimated pooling benefits for voyages between Singapore and EU ports.

Liquid fuels

Global gasoil prices have rallied on potential supply disruptions from the Israel-Iran war. Rotterdam’s LSMGO price has increased by $110/mt in last two weeks, while Singapore’s has gained by $92/mt.

On the other hand, VLSFO prices have dipped by $1-2/mt in Singapore and Rotterdam, as front-month ICE Brent utures cooled over the past week.

B100 prices in Rotterdam and Singapore have remained fairly stable.

Rotterdam’s B100 has edged up by $5/mt, while Singapore’s benchmark has gained $9/mt.

Availability of B100 and other bio-blends remains good in Rotterdam, with lead times recommended at 2-3 days, one supplier said. Another supplier said recent strong demand has put pressure on barge availability and recommends at least seven days of lead time.

Liquid gases

Rotterdam’s LNG price has jumped by $32/mt in the past week. This is its third consecutive weekly increase, bringing the total rise since 9 June to $97/mt.

The price has drawn support from a 17% rise in our assessed LNG bunker delivery premium, which has climbed to $171/mt, and a 3% gain in the Dutch TTF Natural Gas contract, which is now at $12.77/MMBtu ($664/mt).

Singapore’s LNG benchmark has also surged, up $80/mt on the week. The price increase has largely been driven by “rising tensions in the Middle East,” which have renewed supply concerns, according to JOGMEC.

The surge was further supported by a 9% increase in the assessed LNG bunker delivery premium, which has climbed to around $112/mt.

By Konica Bhatt

 

Photo credit and source: ENGINE
Published: 24 June, 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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