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Interview

Exclusive: Caroline Yang takes helm on future of IBIA Asia

The newly appointed Chair of IBIA’s Regional Board – Asia, shares her plans to strengthen bunkering standards while promoting transparency and industry collaboration across key Asian maritime hubs.

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Exclusive: Caroline Yang takes helm on future of IBIA Asia

Caroline Yang, CEO of Hong Lam Marine Pte Ltd, outlines her plans for IBIA Asia in her first interview with Manifold Times since becoming Chair of the Regional Board – Asia:

MT: Why is IBIA important to the bunkering market in Asia?

IBIA Asia is amongst five regional boards operating under the umbrella of London-based IBIA Global. Its presence in Asia is vital because the region, excluding the Middle East, accounts for more than 50% of global bunkering volume.

While Singapore continues to maintain its strong lead as the world’s busiest bunkering port with almost 56 million mt of marine fuel delivered in 2025, several ports in China are showing to be strong bunkering ports as well; these developments take place on the back of a forecast for China to be amongst the leading suppliers of green fuels such as methanol.

Based on this alone, IBIA Asia has to play an important role in raising and addressing issues of suppliers and shipowners and the other parties in the regional bunkering eco-system.

MT: What is the overall state of bunkering standards at major Asian ports and how can IBIA elevate this?

Singapore is the clear leader in standards, acting as a “flag bearer” with established protocols including SS 600 for bunkering, SS 648 for bunker mass flow metering, SS 524 for quality management of bunker supply chain, TR 56 for LNG bunkering, and TR 80 for meter verification using master MFM.

While other Asian ports are adopting mass flow meters – a positive step – IBIA Asia’s role is to disseminate these best practices while maintaining deep respect for local operational realities and regulatory environments.

MT: As Chair of the Regional Board – Asia, what are your plans to make this happen? Are there any topics you will be focusing on?

The IBIA Asia regional board of 10 members from comes from a diverse group of suppliers, shipowners, bunker buyers, fuels testers and bunker tanker owners. Backed by a strong secretariat, we are committed to move the needle for bunkering in Asia.

Our initial strategy is outreach-driven, progressing beyond a Singapore-centric approach. For starters, the board will be concentrating on Hong Kong, Zhoushan, and Shanghai, with potential expansion to Japan and South Korea.

The core objective is to promote the quality, transparency, and integrity of bunkers lifted in Asia. This includes building on existing MOUs such as the collaboration with Hong Kong Shipowners Association (HKSOA) to explore alternative bunker fuels, and participation in regional maritime week programmes.

MT: Do you expect to encounter any challenges? What do you think are the solutions?

Challenges, without a doubt; these include macro-level standards and topical quality issues, such as those highlighted in a recent FOBAS report.

We are aware most solutions will not have instant results, but produce short-term, mid-term and long-term responses.

The solution lies in structured communication and feedback loops involving industry, regulators, and experts. Success requires an altruistic approach where stakeholders prioritise the health of the bunkering ecosystem to achieve win-win outcomes, even at the compromise of individual sectors.

MT: Is participation of local/regional IBIA members included within your plan? How will they be involved?

Member participation is the foundation of an association’s strength. The plan involves active outreach – meeting members where they operate and integrating them into meetings to ensure the board’s positions reflect representative industry views. We must push out credible, strong messages to encourage active engagement. If there is anyone in the maritime bunkering in these areas and reading this interview, reach out to us so we can start our conversations!

The Secretariat and some board members have scheduled to visit and attend bunkering events in Hong Kong and China. In November 2026, IBIA will participate in the Hong Kong Maritime Week by organising a one-day conference. We hope to be also participating in the Shanghai Pudong Maritime Conference and the 9th International Petroleum and Natural Gas Enterprises Conference (IPEC 2026), also known as the “Zhoushan Bunker Oil conference”, in late October.

MT: How will previous experience gained at SSA, ICS, MPA, SMF, and Hong Lam Marine contribute to your role at IBIA?

As CEO of Hong Lam Marine, our bunker tankers supply about 10% of bunkering volume in Singapore, so we are an involved and relevant stakeholder. My experiences in the above-mentioned organisations have taught me how to crystallise and articulate important issues, engage effectively with diverse stakeholders, and leverage on pre-existing professional connections to engage more effectively for IBIA Asia.

Related: IBIA announces Caroline Yang as new Regional Board Chair for Asia
Related: IBIA and Hong Kong Shipowners Association to collaborate on alternative bunker fuels
Related: FOBAS report warns of growing operational risks from ISO-compliant bunker fuels

 

Photo credit: Manifold Times
Published: 6 August 2026

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Technology

Q&A: DNV’s Piyush Raj on building AI capabilities for maritime professionals

In an interview, DNV Maritime Advisory’s Dr. Piyush Raj shares his perspectives on the industry’s evolving AI landscape and the skills maritime professionals will need in the years ahead.

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Q&A: DNV’s Piyush Raj on building AI capabilities for maritime professionals

As interest in artificial intelligence (AI) continues to grow across the maritime industry, many organizations are exploring how the technology can be applied in practice. At the same time, questions remain around data quality, workforce readiness, trust and the practical challenges of scaling AI beyond pilot projects.

In this Q&A, Dr. Piyush Raj, Head of Maritime Technology & Innovation, DNV Maritime Advisory, and trainer at DNV Maritime Academy (Singapore), shares his perspectives on the industry’s evolving AI landscape and the skills maritime professionals will need in the years ahead:

MT: AI has become an increasingly common topic across the maritime industry. Based on your interactions with maritime organizations, what are some of the key challenges they face when exploring or applying AI?

From my experience, the challenge when maritime organizations look to implement AI tools is building the foundation for it to produce useful results, rather than the implementation or use of the technology itself. Many organizations have large amounts of data, but struggle with data quality and standardization. On top of that, there are governance, cyber security, and control and assurance issues, both of the data and of the tools and systems themselves. Even when we have something that looks promising, there can be scaling challenges. Moving beyond a proof-of-concept or pilot project to a broader operational or fleet level requires a whole new approach in terms of organizational buy in, process integration, and trust within and beyond the organization itself.

This is because maritime is a safety critical industry and safety is the backbone of how shipping has created the modern global economy. If we lose confidence in the safety of our industry, we’ve lost everything. So, we need to be sure that as AI adoption increases, we have a firm basis for demonstrating that these systems are just as reliable, secure, transparent, and aligned with regulatory expectations as the systems we have today. Equivalent safety levels are a very familiar concept to us in the maritime industry – we have technologies that have been rolled out on that basis and enjoy great trust today. But building that trust is just as important as developing the technology itself.

MT: Singapore has established itself as a hub for maritime innovation and digitalization. How are these developments shaping the skills and capabilities maritime professionals need today?

Singapore has built a reputation for leadership in maritime innovation, especially as relates to digitalization, largely due to the efforts of the Maritime and Port Authority of Singapore (MPA) and cooperation with both industry and academia. At DNV for example, Singapore is home to our Maritime Decarbonization and Smart Shipping Centre of Excellence where we focus on working with partners to build in these areas, alongside enhancing sustainability and talent development. All these combined have resulted in a lot of expertise developing, as well as the associated rollout and adoption of technologies like predictive maintenance, vessel performance monitoring, decision support systems, smart port operations, the wider use of digital twins, and data-driven optimization, throughout the maritime value chain.

One thing these technologies tend to have in common is that they are data driven, and this has increased expectations that maritime professionals and crew in Singapore should be able to work with data-driven tools as part of their day-to-day responsibilities. Today, the rise of AI adds a new level of expectation, that professionals will need an understanding of AI, process and system automation, and the cybersecurity implications of these tools, and on top of that the ability to critically evaluate digital outputs, so that they can be applied in operational decision-making.

As a result, there is growing interest in training programmes that help maritime professionals build up these skills, and especially their understanding of AI and its practical applications.

MT: What can maritime professionals expect to gain from DNV Maritime Academy’s AI courses?

Our AI courses are designed to help maritime professionals understand where AI can deliver real value in maritime operations today, and where the potential is over the long term. Developed specifically for the industry, the trainings combine AI fundamentals with practical, maritime-specific, use cases that cover everything from operations, maintenance, safety, through to fleet management and decision support.

Beyond the technology itself, participants will gain insights into regulations and governance, cybersecurity, assurance and human factors – all of which are critical considerations in a safety-critical industry like shipping. We also like to think that a key differentiator of our courses is our focus on responsible AI adoption, and this is an area where we as DNV have a particular emphasis on developing recommended practices and guidance on AI-enabled systems and AI assurance.

Most importantly, we hope participants will leave with a practical framework to evaluate AI opportunities, identify high-value use cases, avoid common pitfalls, and be able to make more informed decisions about AI adoption and the ongoing digital transformation of shipping.

Note: Maritime Cluster Fund (MCF) Training Grant is available for eligible participants. Please refer to https://www.mpa.gov.sg/maritime-singapore/what-maritime-singapore-offers/developing-manpower/training@maritimesingapore for information on the MCF Training Grant.

Photo credit: DNV
Published: 1 August, 2026

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Lubricants

Lube Synergy becomes official authorised distributor and channel partner of Petronas Lubricants International

Authorisation covers the marketing, sale, storage and delivery of Petronas marine lubricant products, including but not limited to marine engine oils, hydraulic oils, gear oils, compressor oils and greases.

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Petronas Lubricants 1 MT

Independent European marine lubricants supplier Lube Synergy OÜ on 16 July became an authorised distributor and channel partner of Petronas Lubricants International for the supply and distribution of its marine engine lubricants and related secondary products, learned Manifold Times.

The authorisation covers the marketing, sale, storage and delivery of Petronas marine lubricant products, including but not limited to marine engine oils, hydraulic oils, gear oils, compressor oils and greases, to vessels operating within the designated ports and marine service locations: which includes:

  • Spain
  • Denmark
  • Panama
  • Egypt
  • Netherlands/Belgium/Germany
  • Las Palmas (Canary Islands)
  • Togo
  • South Africa

“We are honoured and deeply appreciative to have been selected as an official authorised distributor and channel partner of Petronas marine engine lubricants,” Aleksandr Antonov, General Manager, Lube Synergy, told the bunkering publication.

“This appointment reflects the confidence placed in Lube Synergy’s capabilities, service standards and commitment to supporting vessel operators with reliable, high-quality lubrication solutions across key marine markets.

“We look forward to working closely with Petronas Lubricants International to deliver value, responsiveness and technical support to our customers and grow the business.”

Petronas Hydraulic 1 MT

Interested parties may contact Lube Synergy below:

Aleksandr Antonov
Genera Manager / Lube Synergy OÜ
Phone: +372 5344 9690
Email: [email protected]
Website: www.lubesynergy.com

 

Photo credit: Lube Synergy
Published: 29 July 2026

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Interview

StormGeo: UAE’s OPEC exit raises stakes for bunker procurement

UAE’s exit from OPEC could weaken the group’s market influence, increasing crude and bunker fuel volatility and boosting demand for digital bunker procurement and voyage optimisation tools, says Julie Louise Nielsen.

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Julie Nielsen Global Head of Bunker Sales StormGeo MT

Julie Louise Nielsen, Global Head of Bunker Sales at StormGeo, highlighted to Singapore-based bunkering publication Manifold Times that the UAE’s departure from OPEC marks a more significant shift than the earlier exits of Qatar and Angola, reflecting the country’s strategic importance as a major producer with substantial spare capacity.

Nielsen said the move is expected to increase uncertainty in crude and marine fuel markets, prompting shipping companies to strengthen bunker procurement strategies through greater use of digital decision-support platforms: 

MT: How significant is the UAE’s departure from OPEC compared with previous exits by Qatar and Angola, and what does it mean for OPEC’s ability to influence global oil markets?

The UAE’s exit is materially more significant than Qatar’s or Angola’s because the UAE has been one of OPEC’s most strategically important producers, with meaningful spare capacity and a much larger role in market balancing. Qatar’s departure in 2019 and Angola’s in 2024 were important politically, but they were smaller in market impact. The UAE’s move is therefore more than symbolic – it raises a real question about how much cohesion OPEC can still maintain, and whether the group can continue to steer prices as effectively as it has in the past.

MT: How might this development affect expectations for crude oil and marine fuel prices over the next 12 to 24 months?

In the next 12 to 24 months, I would expect the market to price in a little less discipline and a little more uncertainty. If the UAE uses its new flexibility to lift output, that could cap upside in crude over time, but the bigger effect may be on volatility rather than direction. For marine fuel buyers, that means more frequent swings in bunker costs and less confidence that prices will stay in a narrow range for long. In StormGeo we already see a spike of interest for our s-Bunker solution which includes one of the market’s most advanced bunker planner solutions. Companies are facing the issue of keeping up with the market volatility, and see the benefits of having a solution recommending where to bunker and how much, as well as having a full audit trail of the decision to prove that this was the right decision at the time. We have also lately hosted a webinar about this, which also showed us the real interest from the market, with many participants as well as many good questions.

MT: Could the weakening of OPEC’s cohesion lead to more regional disparities in bunker fuel pricing across major ports?

Yes, most probably. A less cohesive OPEC means the market becomes increasingly influenced by regional supply dynamics and geopolitical events rather than coordinated production policy. For shipping, the Strait of Hormuz remains one of the most critical chokepoints, with around one-fifth of global oil passing through it. Any disruption – whether from political tensions, security incidents, or shipping restrictions – can quickly affect crude availability, freight costs, insurance premiums, and ultimately bunker prices in ports across the Middle East and Asia. As a result, we are likely to see greater regional price disparities, where local market conditions become just as important as movements in global crude benchmarks.

MT: How does increased fuel price volatility affect bunker procurement strategies and voyage planning?

Volatility pushes shipping companies to be much more disciplined in how they buy fuel and plan voyages. Instead of relying on fixed assumptions, they need to time purchases more carefully, compare more ports, and test whether a deviation or a different stem location actually improves net voyage economics. It also makes scenario planning more important, because a small change in bunker price can quickly alter voyage margin, cargo economics, and even routing decisions. I foresee that those companies who are not considering going digital on bunker management will fall short compared to their competitors who have already implemented a fully digital process for their voyage optimization.

MT: How can digital bunker management and voyage optimisation platforms help shipowners navigate a more volatile fuel market?

Digital platforms help by giving owners better visibility, faster decision-making, and a more consistent way to compare fuel options across ports, suppliers, and voyage scenarios. In a volatile market, the value is not just automation – it is control: being able to see expected cost, compare alternatives quickly, and lock in a better decision before the market moves. They also help reduce manual work, which matters when procurement teams are making more decisions under tighter time pressure. What I believe is important as well is to not silo the voyage optimizations. Combining your full voyage optimization with a software provider having a full end-to-end solution is key, to ensure that all decisions are made on the same data inputs. In StormGeo, we are proud of being a one-solution provider, and we do see that this is becoming a growing requirement from the market.

MT: Have you observed growing demand from shipping companies for real-time bunker pricing and procurement tools in recent years? Could you share some data to demonstrate this?

Yes, without question. Over the past few years, we’ve seen a clear shift in how shipping companies approach bunker procurement. Rising fuel costs, increased market volatility, and a greater focus on operational efficiency have all driven demand for real-time pricing, market intelligence, and digital procurement tools.

That said, we still meet companies that believe their current manual bunker procurement process is the right way of working. A common response is, “We’re already performing well.” I never challenge whether they are doing something wrong – that’s for them to conclude. Instead, I ask a simple question: How do you know you’re performing well if you’re not using data to measure it? And this questions are very often not being met with an answer, but more a questionable expression. In today’s shipping industry, where digital solutions are transforming almost every operational process, I still find it surprising that some organizations remain hesitant to embrace data-driven decision-making in bunker procurement.

Companies that have adopted digital solutions are no longer looking for a simple list of bunker prices. They want the ability to compare suppliers, evaluate alternative bunker ports, understand the commercial impact of different procurement strategies, and make informed decisions based on real-time market intelligence. This is particularly important when fuel remains one of the largest operating expenses for a vessel.

We continue to see growing adoption of digital bunker management solutions among both shipowners and operators, and our onboarding pipeline continues to grow. More companies are moving away from manual, spreadsheet-based processes towards integrated platforms that combine live pricing, procurement workflows, voyage planning, and advanced data analytics. Based on customer performance reviews conducted after implementing our platform, we frequently see bunker cost improvements of up to USD 30 per metric tons compared with previous manual procurement processes. Beyond the direct financial savings, the objective is to improve transparency, reduce administrative workload, and enable procurement teams to make faster, more informed decisions in an increasingly volatile fuel market.

 

Photo credit:StormGeo
Published: 1 July, 2026

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