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IBIA: Changes afoot

Increased willingness at latest IMO ISWG-GHG sessions to develop fuel lifecycle assessment guidelines that account for well to wake GHG emissions, says IBIA director.

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The International Bunker Industry Association (IBIA) on Friday (10 June) published an article by IBIA director, Unni Einemo, who writes about the growing appetite towards maritime decarbonisation and the introduction of a GHG fuel standard, amongst others:

Is there appetite for change in the marine fuels and shipping industry? There are signs that there is.

The IBIA Board of Directors and Secretariat has seen a number of changes recently. Since the last issue of World Bunkering, Henrik Zederkof’s allotted time as our Chair has come to an end. He showed exceptional drive and commitment to the focus areas he outlined for IBIA in 2020. We are lucky to have another driven individual step into the role; Timothy Cosulich, who became the Chair on 1 April this year. In his first Chair’s Letter for World Bunkering, he sets out the Association’s goals for the year ahead.

Work set in motion two years ago continues. We have set up two out of five planned Regional Boards, one for Asia and one for Africa. This allow issues specific to each region to be more thoroughly examined. Also continuing is a focus on decarbonisation, to ensure our industry understands what’s coming and plays a part in necessary changes. Our work on bunker licensing and Mass Flow Meters also continues. A new area of focus outlined by Timothy is integrity, with an initial task to update and strengthen the IBIA Code of Ethics.

Some of these areas are underpinned by the desire for improving transparency in our sector. But what exactly does ‘transparency’ mean? I think it is about building an environment where stakeholders feel comfortable and confident in their dealings with each other. Confidence that they are treated fairly. It means putting in place mechanisms that help build trust, where good practices are rewarded and bad practices are penalised.

Our Licensing and MFM Working Group have just completed analysis of a joint IBIA and BIMCO survey into industry experiences and attitudes. You can read about the key findings in this issue. Two things stand out to me: The percentage of deliveries associated with disputes about quantity (1.61%) and quality (0.98%) was relatively low, yet a clear majority of respondents were in favour of bunker licensing programmes and MFMs as tools to improve transparency and trust in the bunker supply industry. Respondents included a large share of traders and suppliers, over half of the total, so it isn’t just bunker buyers that want this.

When it comes to decarbonisation, I am also witnessing growing appetite for taking steps to get this major transition underway, both in the industry and among Member States at the IMO. The latest IMO intersessional working groups on greenhouse gases (ISWG-GHG) have signalled increasing willingness to develop fuel lifecycle assessment (LCA) guidelines that will take well to wake GHG emissions into account as a basis for new regulatory moves to cut shipping’s GHG emissions. At the moment, regulations account only for tank to wake emissions. I am also seeing agreement emerging that the IMO must put a price on CO2 or CO2 equivalents, though exactly how this will be done still needs to be worked out. And there is growing support for introducing a GHG fuel standard to gradually increase the share of low carbon or renewable fuels used by shipping; which I believe is a crucial regulatory signal to ensure that there will be demand for such fuels even if the price is high.

There is even willingness among shipping organisations and IMO Member States to push for a net-zero GHG target by 2050, when the IMO revises its GHG strategy in 2023. This is a huge commitment compared to the 50% reduction agreed in the initial strategy in 2018.

We all know that stakeholders need to work together to help us reach GHG reduction goals. To that effect, IBIA has recently signed a Coalition partner contract with the Global Centre for Maritime Decarbonisation (GCMD), and we hope this partnership will be a positive way of ensuring we’re all pulling (or pushing) in the same direction without too much duplication of effort.

I mentioned changes in the IBIA Secretariat. The Regional Manager for IBIA Asia, Alex Tang, left us in April to take up a new position with Intertek Lintec. At the end of April, Noraini Binte Salim left her position as Office Manager for IBIA Asia for family reasons. We are grateful to both for their hard work and dedication to IBIA. As this issue goes to print, we are in the process of recruiting their replacements and look forward to welcoming them to the team.

 

Photo credit and source: International Bunker Industry Association
Published: 13 June, 2022

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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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