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General Index introduces ‘GX Go’ user interface for bunker and oil price benchmarks

Reza Amanat, Managing Director of Asia, tells Manifold Times GX has more than 800 daily bunker prices spread across 500+ global ports.

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General Index introduces ‘GX Go’ user interface for bunker and oil price benchmarks

Manifold Times recently caught up with Reza Amanat, Managing Director of Asia, at General Index (GX) who introduced GX Go – a revamped visualization and analytics user interface (UI) for bunker fuel and various oil products price indications.

The new visualization and analytics UI platform serves as a portal allowing users to effectively explore and navigate GX’s various products and services.

Editor’s note: Readers interested to trial General Index’s offerings may access the platform here.

MT: What bunker fuel related price data and services does GX offer? How are GX’s offerings different from similar pricing platforms?

GX has tried to create the most comprehensive bunker price service in the market, with more than 800 daily prices across 500+ global ports. Key grades such as MGO, VLSFO, and IFO380 are assessed at major hubs including Singapore, Fujairah, Rotterdam, and Houston, as well as other important Asian ports like Shanghai, Hong Kong, and Busan. These assessments draw on more than 40,000 historical trades and price signals, with hundreds of fresh data points added daily, combining industry expertise with advanced technology to deliver transparent pricing insights worldwide. We also provide indexes for transition bunker fuels such as LNG, B24, B30, and Methanol at major hubs, including Singapore and Gibraltar. All of the benchmarks are regulated by the UK’s Financial Conduct Authority (FCA) and audited against the International Organization of Securities Commissions (IOSCO) principles.

MT: What are the reasons GX embarked on the project to create The GX Go platform? How will it add value to GX’s current bunker pricing portfolio?

The natural growth of our services into multiple markets and geographies meant we were soon producing thousands of indexes, and it became apparent that exploring the full breadth of the data was starting to become challenging for clients and trial users. We created the GX Go platform to address this challenge, with a focus on simplifying the process of finding, analysing and downloading or integrating the data. The overarching goal was to turn a process that can be time consuming and laborious, into something that was quick and intuitive. Hopefully, the page splits by products and geographies, multiple filters and quick viewing and downloading of customised price charts achieves that goal. For companies interested in our bunker prices, it should mean users can easily compare grades across 500+ ports and create charts with the specific bunker prices of their choice. At the end of the journey, the user will have multiple option for downloading or integration of the data that includes Excel, API, Python, cloud platforms or third-party data platforms such as Bloomberg, LSEG and FactSet.

MT: How long did it take to develop the platform? What are the challenges encountered along the way and how did GX overcome them?

The platform development began with a proof-of-concept built in two weeks, followed by four months of internal development to create a production-ready system. We then spent two months onboarding beta customers and iterating based on their feedback before the official launch.

The primary challenge was presenting our vast dataset – in an intuitive interface. We overcame this through smart categorization and robust filtering capabilities. Another challenge was meeting diverse client technical needs, which we addressed by developing multiple export and integration options.

MT: What advantages does GX Go have over similar platforms; why should the bunker industry adopt GX’s solution?

GX Go combines comprehensive data coverage with exceptional usability. Our more than 800 daily prices are accessible through an interface designed specifically for industry workflows, making data exploration quick and intuitive rather than time-consuming.

The platform excels in visualization and export capabilities, allowing users to easily create customized charts and export data in formats that integrate seamlessly with tools like Power BI or Excel. We’re also introducing dashboard customization features that will allow users to build personalized dashboards of their key prices. Users can access data through whatever method fits their processes – such as API integration or direct feeds to Bloomberg/LSEG terminals – making adoption seamless rather than disruptive.​​​​​​​​​​​​​​​​

MT: Besides bunker price indications, what other pricing services does GX offer?

GX offers more than 4,700 price indexes spanning hydrocarbon and transition markets. We now have global coverage of crude oil, oil products and LPG, and within this service sits our physical benchmarks for European gasoline and US crude, which have had derivatives listed against them for financial settlement, allowing effective hedging of physical exposures in those markets. Over the last two years, the company has also expanded its pricing services into transition markets such as biofuels, carbon and next-generation renewable fuels like hydrogen and e-methanol. We also have a Marine Carbon service which can help the energy industry understand the cost of carbon emissions associated with major tanker routes, supporting them make informed decisions in the transition toward greener bunker operations.

 

Photo credit: General Index
Published: 3 September 2025

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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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