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Event report: 2023 Global Marine Fuel and Green Shipping Development Forum (Zhoushan, China)

Zhoushan port’s bunkering sector delivered over 6 million mt of marine fuel in 2022 cementing its position as the fourth largest bunkering international port.

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2022 bunker supplier volumes

Singapore-based bunkering publication Manifold Times was present at the 2023 Global Marine Fuel and Green Shipping Development Forum at Zhoushan, China on 25 October.

More than 500 delegates from the domestic and international marine fuels supply chain were briefed by top management of the nation’s bunkering developments.

In 2022, Zhoushan port’s bunkering sector delivered over 6 million metric tonnes (mt) of marine fuel cementing its position as the fourth largest marine refuelling port in the world. From January to September 2023, the port recorded a total of 5.29 million mt of bonded ship fuel being bunkered, representing a year-on-year increase of 20.55%.

Wang Liguo

During the forum, Wang Liguo, Executive Director of the Marine Fuel Industry Committee of the China Petroleum Circulation Association, introduced the “2022 Global Bunker Rankings by Supplier” rankings and provided a brief analysis of global bunkering firms.

Cui Yiling

Cui Yiling, Deputy Director of Administrative Committee of Zhoushan High-tech Industrial, introduced achievements and future plans of Zhoushan’s current bunkering sector while announcing the launch of construction work of China’s Northeast Asia Bonded Bunkering Center.

Fang Haifeng

Fang Haifeng, General Manager of Sinopec Fuel Oil Sales Co., LTD., spoke of his company ambitions through a presentation titled “Striving to be a global promoter of clean and smart ship energy” while offering a glimpse of Sinopec’s future green and low-carbon solutions.

Wang

Wang Yongxin, President of China Merchants Energy Shipping Co., Ltd., shared in this presentation “Exploration and practice of ship decarbonization in CMES” the firm’s three operational pillars which are “leading high-quality development of the industry with demand”, “promoting the green and low-carbon development of the industry with ecology” and “promoting the progress of low-carbon and decarbonization technology in the industry with digitalization”.

Karl Kleemeier

Karl Kleemeier, Head of Asia, SVP – Oil Markets at Argus Media, meanwhile delivered a keynote speech entitled “Global Bunker Fuel – Prices and Latest Developments”. He explained the movement in global fuel supply prices from an international perspective and provided a comparison between Zhoushan and Singapore bunker prices.

Cui Yuwei

Cui Yuwei, Director of CCS Shanghai Rules & Research Institute, explained the latest developments in maritime emission reductions. When choosing an alternative bunker fuel for a newbuilding or retrofit, a shipowner needs to consider five key factors which are the potential for emission reductions, the completeness of regulations and standards, technological maturity, fuel availability and economy of use.

Zhao Kai

Zhao Kai, China Chief Representative of Methanol Institute, gave an outlook on the development of marine methanol fuel focusing on the characteristics of methanol, the development footprint of renewable methanol and the application trend of methanol marine fuel. A hazard analysis of different alternative fuels has presented methanol as the safest alternative bunker fuel, he stated.

Zhang Yuanyuan

Zhang Yuanyuan, Senior Manager of the Planning Department of PetroChina Natural Gas Marketing, introduced the development trends and market prospects of LNG as a marine fuel while providing an overview of PetroChina’s LNG business. She forecasts China’s LNG bunkering demand to reach between 6 to 9 million mt in 2035.

roundtable

The final roundtable discussion of the forum was moderated by Qi Yinliang, Founder of Beyond Shipping, with Zhuang Wei, Regional Manager of BIMCO Asia, Tokumoto Senji, Managing Director of MOL (China) Co., Ltd., Shen Tao, Head of China Sustainability Center ABS, Zhao Kuo, Head of shipping at Minsheng Financial Leasing, and Wang Biao, Marketing Director of Zhejiang Free Trade Zone Petrochina Fuel Oil Co.,Ltd, whom all focused on discussion of “Green Alternative of Marine Fuels Towards Zero-Carbon”.

Photo credit: Zhoushan Municipal People’s Government
Published: 8 November 2023

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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