Business

General Index partners with BunkerEx to launch benchmark-grade bunker fuel price service

Technology partnership sees General Index leveraging BunkerEx’s technology and extensive port level trade data as a key input into its marine fuel price methodologies.

Published

4 years ago

September 22, 2022

Admin

Benchmark provider General Index on Tuesday (20 September) said it has partnered with digital marine fuels platform BunkerEx to launch an extensive global service of 771 end-of-day benchmarks across 502 ports globally.

The technology partnership sees General Index leveraging BunkerEx’s technology and extensive port level trade data as a key input into its marine fuel price methodologies. The new benchmarks provide port level marine fuel prices for locations which have previously not been available to the market.

General Index combines BunkerEx’s data with other data sources and uses technology to apply an independent, consistent, robust methodology. General Index is authorised as a benchmark administrator by the UK’s Financial Conduct Authority and all General Index benchmarks are audited under the global IOSCO standard after launch.

The daily indexes are built on several hundred data points each day from multiple trade sources, including real stems for all 771 benchmarks. As well as delivering end-of-day prices for marine fuels of varying grades to the major bunkering hubs, the service offers benchmark prices for smaller bunkering locations around the world – giving all of those involved and exposed to the trade and consumption of marine fuels, access to more robust, reliable, and transparent pricing.

The end-of-day service is provided independently to BunkerEx’s existing intra-day indicative marine prices and builds upon General Index’s global offering of crude and refined products assessments.

Neil Bradford, CEO and Founder of General Index, said: “We’re very excited about this collaboration with BunkerEx. Our unique tech-led approach, combined with decades of commodity pricing expertise, will give the industry access to granular port-level bunker indexes that have not been available before.”

Ishaan Hemnani, CEO and Founder of BunkerEx, said: “General Index’s vision to create a new, trusted Bunker Fuel Index is one we support.The market needs an independent source of regulated prices to measure performance, negotiate bunker rates in charter parties, settle supply contracts, etc. Their modern approach and breadth of port coverage is impressive. As one of the leading marine fuel technology platforms, we are delighted to contribute as one of their providers.”

Photo credit: General Index
Published: 22 September, 2022

LNG Bunkering

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres.

Published

9 hours ago

August 18, 2026

Admin

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Singapore-based shipping firm Eastern Pacific Shipping (EPS) on Monday (17 August) said the company has successfully completed its 700th LNG bunkering operation, carried out for vehicle carrier Lake Victoria in Emden, Germany.

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres (m3).

“Reaching 700 LNG bunkering operations reflects not only the scale of our investment in alternative-fuel capabilities, but also the experience, coordination and commitment of our teams at sea and ashore,” EPS said in a social media post.

“As we continue to grow and diversify our fleet, every operation adds to the practical experience needed to support shipping’s energy transition.”

Manifold Times previously reported the company completed a total of 530 LNG bunkering operations with over 2.4 million m3 of LNG bunkered, from the start of recorded data to 31 Dec 2025.

In its 2026 ESG Report, EPS said its fleet is among the largest dual-fuel fleets in the industry, with over 170 vessels designed to operate on alternative fuels.

In 2025, 25% of the fuel consumed by EPS fleet were alternative marine fuels, including LNG, LPG, ethane, and biofuels.

Photo credit: Eastern Pacific Shipping
Published: 18 August, 2026

LNG Bunkering

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

“YM Willpower” successfully received around 2,000 mt of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

Published

9 hours ago

August 18, 2026

Admin

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) on Monday (17 August) said its 15,500 TEU LNG dual-fuel vessel, YM Willpower, successfully completed its first-ever LNG bunkering operation via SIMOPS (Simultaneous Operations) at the Port of Shanghai.

Through close collaboration with Shanghai International Port (Group) and SIPG Energy Shanghai, the vessel successfully received around 2,000 metric tonnes (mt) of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

With LNG dual-fuel technology, the company said it is continuing to expand alternative-fuel bunkering capabilities, enhance operational flexibility and efficiency and advance lower-carbon shipping solutions.

Manifold Times previously reported YM Willpower completing its first bunkering operation in Singapore.

In 2026, Yang Ming will progressively introduce newly built 15,500 TEU class container vessels primarily fueled by liquefied natural gas (LNG) into its operating fleet.

The lead vessel, YM Willpower, completed partial LNG bunkering at the shipyard prior to delivery and was officially deployed on 8 February into Yang Ming’s Far East–Mediterranean MD2 service.

Photo credit: Yang Ming Marine Transport Corporation
Published: 18 August, 2026

Methanol

Fratelli Cosulich launches methanol-ready bunker tanker in China

Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, “Carlotta Cosulich” combines operational flexibility with future-fuel readiness.

Published

9 hours ago

August 18, 2026

Admin

Fratelli Cosulich launches methanol-ready bunker tanker in China

Genoa-based marine fuel supplier Fratelli Cosulich on Monday (17 August) announced the launch of its new methanol-ready bunker IMO II tanker, Carlotta Cosulich.

The launch of Carlotta Cosulich, the third of four sister vessels, took place at Taizhou Maple Leaf Shipyard in China, bringing together the project team, partners and stakeholders.

Silvia Bordon, General Manager, served as the vessel’s godmother during the ceremony.

“Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, Carlotta Cosulich combines operational flexibility with future-fuel readiness,” the company said in a statement.

Equipped with a five-tonne cargo crane and dedicated arrangements for Single Point Mooring (SPM) operations further enhances her versatility across a wider range of bunkering operations.

“Following the successful delivery of her two sister vessels, she brings us one step closer to completing this four-vessel programme and reinforces Fratelli Cosulich Group’s commitment to safety, innovation, sustainability and operational excellence,” the company added.

Photo credit: Fratelli Cosulich
Published: 18 August, 2026