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INTERVIEW: Bunkering sector undergoing through exciting technological transformation, observes Teekay Tankers

Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.

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The following interview arranged by Conference Connection is part of pre-event coverage for the upcoming 12th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2021), where Manifold Times is an official media partner. Readers can register for the virtual event by clicking on the link here

The bunkering industry is currently undergoing through an exciting transformation due to the introduction of new technologies, believes the Manager of Bunker Services at Teekay Tankers Ltd, UK.

Teekay, the largest operator of mid-sized tankers including suezmax, aframax, and long range two (LR2) vessels, is currently looking at various technologies to optimise its marine refuelling operations, shares Mads Bjornebye.

“The biggest one is E-BDN’s. We would like to see this rolled out by suppliers as soon as possible. E-BDN’s will enable a much quicker invoicing process, no longer waiting weeks for invoices and suppliers will also benefit as invoicing can be automated,” he told Singapore bunkering publication Manifold Times.

“Delivered quantities can also be automatically updated in the vessel management software systems of owners with very little, if any, manual intervention.

“E-BDN’s are something that only suppliers can implement, but Teekay as an owner welcomes any technology that helps the whole bunkering process, so it is an exciting future for the industry.”

Bjornebye, meanwhile, notes technology has already helped in the bunker enquiry process.

Platforms, such as ClearLynx, have made it much easier for owners to get their bunker inquiries out to the market; it also lets bunker buyers cover the whole market as well as be informed about new suppliers, he adds.

“It is great to see so many different companies trying out different technologies in this space. There are bunker planning tools, tools to monitor the oil markets and place stems at the right time etc,” says Bjornebye.

“Having tools that enable you to see prices, avails etc are the next step and it is coming sooner rather than later, indeed some of these tools are already available from the different bunker management software offerings.

“Some suppliers even have platforms where you can see which barge is assigned to your bunker stem, where it is and when you can expect the barge alongside. This is a great development as it means buyers are kept informed during the whole process. This allows us to keep an eye on the delivery and contact the supplier if we see delays etc happening.

“The more we as owners know about the bunker delivery, the more we can plan our voyage and make sure we are on time, the better it is for our customers as well as us. Technology can also help suppliers check where vessels have called and check for any possible sanction violations which is great for suppliers.”

Though it seems technology is great for bunkering, Bjornebye was quick to point out a major hurdle it currently faces.

“The biggest challenge is the fear of change I would say. Bunkering, and shipping to an extent, is a conservative industry and change can sometimes be slow. There is good reason for this of course as costs of change can be high, whilst shipping markets are also volatile,” he explains.

“The bunkering industry is also still operating in much the same way it has been for many years. For example, we still have paper BDN’s in the 21st century. That to me is surprising as well as frustrating. We have been looking at E-BDN’s more and more over the last year, and would really like to see this technology implemented across the industry.

“We have also seen Singapore lead the way with the introduction of MFM’s, yet the rest of the world has been slow to change. Singapore is also looking at digitising the bunker industry so once again leading the way for our industry, hopefully other ports will follow their lead.

“Change and innovation is vitally important, the biggest barrier to change is the thinking that we don’t need to change and innovate. The technology is there; we just have to want to change for the better.”

Moving forward, Bjornebye notes the next big step forward will be the types of bunker fuels chosen by the maritime and shipping sector as part of IMO 2030 and IMO 2050.

“Teekay has been following the developments in the future fuels arena with great interest, it really is one of the most important challenges facing all ship owners at present. How will we fuel our vessels over the next 30 years and beyond?” He asks.

“The challenge is really made up of two parts; how do we manage our emissions in the short and medium term, and what fuel or fuels will be the zero carbon fuel of choice for our industry in the long term?

“If we look at the next decade, LNG is clearly the front runner as no other alternative fuel has the infrastructure or supply in place to be a viable option at present.

“Other fuels, such as ammonia, methanol etc are not in the same position, and most likely will not be a viable option until much later this decade or perhaps not until 2030 and beyond.

“This means that for owners who would like to order new vessels over the next few years, have to consider their options carefully.”

Bjornebye explains a conventionally fuelled vessel ordered today may undergo a massive depreciation after 15 years; unlike a newbuilding which has the capability to burn an alternative fuel. Other factors include CAPEX and OPEX costs which need to be competitive in order for shipowners to jump on the alternative marine fuels bandwagon.

“LNG will have a place as a bridging fuel between now and when the zero carbon fuels are ready both in terms of supply, as well as infrastructure for our vessels to be able to tramp around the globe with adequate access to these fuels in the right locations,” he notes.

“For Teekay, we haven’t made any firm decision just yet as to how this [fuel choices for newbuilds] will be implemented.

“However, we are looking at several options so that when we do come to renew our fleet we are well versed in the pro’s and con’s of the various options. We have to consider how we trade our vessels and what is available at the time as well as the cost of course.”

Note: Mads Bjornebye will be speaking at Session 1: Shipping Outlook Post 2020/Cpovid-19; Opportunities & Challenges at FUJCON 2021.

 

Published: 23 March, 2021

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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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