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FuelTrust: How you can accurately measure bunker fuel emissions to ensure ESG compliance

Digital technology can help measure bunker fuel emissions more accurately and help owners and operators demonstrate regulatory compliance, and manage fuel quality.

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FuelTrust, marine fuel tracking solutions provider, on Friday (17 March) published an article on how a digital technology can help measure bunker fuel emissions more accurately, help owners comply with regulations related to emissions and manage marine fuel quality: 

By Darren Shelton

Regulatory systems for monitoring and measuring emissions base their enforcement programs on generalized calculations, but these may only approximate a vessel’s true emissions. Using digital technology we can measure bunker fuel emissions more accurately and help owners and operators demonstrate regulatory compliance, pay only for the emissions they emit, and manage fuel quality in an increasingly complex marine fuel ecosystem.

The shipping industry’s ambitions for decarbonization are rapidly evolving and accelerating. In April, signatories to the Poseidon Principles will meet to decide whether they adopt a commitment to reach net-zero emissions by 2050. As the banks that fund much of the industry adhere to the Poseidon Principles – requiring them to track how their loan portfolios’ align with emissions targets – this will be a huge step up for the industry. The significance of this decision will demand the shipping sector and its lenders scrutinize individual vessel performance much more tightly, and adopt clean technology faster than required by the current IMO 2050 initiative – and that will have enormous industry impact.

At the same time, the pathways to decarbonization are becoming more complex, with calls for the EU’s Emissions Trading Scheme to be more ambitious; to embrace all GHGs and, crucially, calculate impacts and therefore costs on a well-to-wake basis. The change proposed would put pressure on shipowners, charterers and vessel operators to have a much clearer idea of what GHGs their vessel emits under operation, as well as a very clear idea of the provenance and quality of the fuels they use.

As shipping’s energy transition accelerates, the industry will face tremendous logistical challenges and financial risk and require a comprehensive compliance system. While this won’t necessarily dictate an urgent need to make binding technology choices, it will require all parties to more accurately and honestly measure and account for GHG emissions. With fuel costs attributed to over 50% of a vessel’s operating costs, a trusted, transparent, and traceable marine fuel ecosystem is critical.

A light in the dark

The marine fuel sector is historically opaque in its operations. Fuel users and suppliers are challenged to understand the history and complete make-up of the fuel they use. How exactly it was blended, or whether it may have been contaminated when it was stored, are questions that may not have clear indicators. 

Nonetheless, the treatment of a batch of fuel could have a significant impact on how it behaves in an engine, and subsequently how a vessel performs and the emissions from it.

Knowing how a fuel will combust in an engine is key to understanding what emissions it will produce and how its chemical energy will be translated into vessel performance. FuelTrust uses artificial intelligence and blockchain technology to authenticate relationships across the marine fuel lifecycle, and by verifying data from shared sources, validates decarbonization and compliance.

FuelTrust provides clear insight into when, where and from whom quality fuel is supplied allowing operators to alleviate the financial impact of low-quality fuel and mitigate regulatory risk, for a more sustainable shipping sector.

A way to the truth

The Poseidon Principles and all emissions trading and credit schemes currently measure vessel emissions using guidelines from governments that are based on generalized calculations – a one size fits all approach. These calculations are formulated to simplify enforcement. They overlook the range of different engine types and how operations and maintenance decisions might influence their performance. At a vessel level, emissions are estimated using manufacturer specifications and ranges classified by fuel type and grade. The resulting figure can only be a rough approximation of the emissions of a vessel.

To provide more accurate emissions analyses, we use AI and blockchain technologies. Our blockchain-enabled technology authenticates relationships across the marine fuel lifecycle, allowing users to create a decentralized, immutable store of information – a single shared source of truth – recording the lifecycle of the fuel they supply or use. In this way, we eliminate the opacity that has been typical of the bunker sector.

We then apply our AI technology, which we call the AI Digital Chemist™, to analyse the data recorded in the blockchain. The AI technology analyses information from supplier data, BDNs, certificates of analysis, and vessel operation data to re-run the molecular interactions that take place during fuel combustion and provide more accurate and representative analyses of a given vessel, using a specific fuel.

A brighter future

The future of the marine fuel industry will involve a range of fuels, much as it does today. These fuels will be sourced differently from the fossil fuels and fossil-derived fuels currently in use, and in many instances will be of a different chemical compound. But a lack of insight into how a batch of fuel has been handled through the supply chain could mean stakeholders from owners and operators to financiers could risk failing in emissions compliance and decarbonization alignment.

Our data already tells us that different batches of the same fuel can have vastly different characteristics, which enables savvy operators to select and bunker the fuel batch that will deliver the best vessel and emissions performance for them. As the energy transition in shipping moves forwards, the alternative fuels that come on the market will be available in a mix of fossil-derived, biogenic and synthetically produced blends. With such a diversity of fuel choices on the market, all stakeholders will need trusted, transparent and scientifically verified emissions performance data to help them mitigate the financial and ESG challenges they face, and deliver a sustainable global commercial shipping fleet – and with it, a brighter future for our industry and society.

 

Photo credit: FuelTrust
Published: 22 March, 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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