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Interview: PMG Energies leverages physical bunkering heritage to power global energy trading ambitions

Michael Malamen, Global Commercial Director of PMG Energies, introduces his company and explains why Asia is its next strategic step.

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Interview: PMG Energies leverages physical bunkering heritage to power global energy trading ambitions

PMG Energies combines deep physical bunkering expertise with worldwide trading coverage, as it prepares to strengthen its footprint in Asia, says Global Commercial Director Michael Malamen. 

With more than two decades of hands-on operational experience and annual coverage spanning over 720 ports worldwide, PMG Energies has evolved into a global energy trading and physical supply partner trusted by shipowners, operators, and industrial clients alike. 

Speaking with Manifold Times, Michael Malamen, Global Commercial Director of PMG Energies, explains how the company’s physical DNA underpins its trading strength and why Asia represents the next strategic chapter. 

MT: PMG Energies has its roots in physical bunkering. How has that shaped the company you are today? 

PMG Energies was built from the ground up as an operational business. We started in physical bunker supply and cargo trading in the Black Sea region, and that practical foundation still defines how we operate today.

Running bunker barges, managing deliveries, testing fuel we consume on our tanker fleet ourselves, dealing with delays, weather, port constraints, and claims this gives you a very different perspective compared to being purely a paper trader. It forces discipline, transparency, and accountability.

That experience now directly supports our back-to-back bunker trading activities globally. When we advise clients, structure deals, or manage supply chains, we do so with a clear understanding of what actually happens on the water. That operational credibility is something our counterparties value, especially in volatile or complex markets.

MT: What assets and capabilities differentiate PMG Energies in today’s bunkering market? 

Our core physical bunker assets include flow-meter-equipped bunkering barges, supported by additional chartered tonnage during peak periods to ensure continuity of supply. These assets operate primarily in the Black Sea and surrounding regions, with ongoing expansion into the Mediterranean.

Beyond physical supply, PMG Energies operates a fully integrated global trading platform, supported by offices across Europe, the Middle East, and key maritime hubs. We also maintain active chartering and cargo trading desks, handling products ranging from petroleum fuels to vegetable oils.

This combination allows us to deliver real operational value: fast response times, accurate quantities, consistent quality, and reliable execution. In many ports, we aim to deliver within one hour of vessel arrival, using flow meters to ensure full transparency.

Ultimately, our strength lies in connecting physical execution with global trading reach allowing us to support clients across regions, time zones, and market conditions.

MT: PMG Energies now covers a very broad geographical footprint. How extensive is your global reach? 

On an annual basis, PMG Energies supports clients across more than 720 ports worldwide, through a combination of physical supply and back-to-back trading.

Our teams operate across all major time zones, allowing us to provide near-continuous market coverage. This is particularly important for owners and operators trading globally, who require a counterparty that understands regional nuances while maintaining consistent standards across the board.

Scale, for us, is not just about volume it’s about reliability at scale. Clients need to know that whether they are lifting in the Black Sea, the Mediterranean, the Middle East, Africa, Americas, Baltics or Asia, they are dealing with the same organisation, the same mindset, and the same commitment to delivery.

MT: What has enabled PMG Energies to remain relevant and resilient for over 25 years in such a competitive industry? 

The bunker industry rewards long-term thinking and punishes short-term opportunism.

We plan on a 10-20 year horizon, not quarter to quarter. Reputation takes decades to build and minutes to lose, so we are very deliberate in how we conduct business, choose counterparties, and grow the organisation.

At the core, it comes down to people. Treating partners fairly, standing by commitments, and creating an environment where employees can grow and take ownership of their work. We empower our teams, but we also expect accountability.

That mindset has allowed us to navigate multiple market cycles while continuing to expand and professionalise the business.

MT: Asia is clearly a strategic focus. What are PMG Energies’ plans for the region? 

Asia is a natural next step for PMG Energies as we continue to grow our global trading activities.

While Singapore remains the world’s leading bunkering hub and a market where we already handle substantial volumes, Asia represents a natural next phase in PMG Energies’ global expansion. We are currently evaluating several locations as potential entry points, with Hong Kong among the options under consideration due to its proximity to the Chinese market and its well-established legal and financial infrastructure. Our focus is on selecting the right regional base that enables us to engage effectively with Chinese clients and counterparties, while building a platform designed for long-term, sustainable growth.

Our approach is pragmatic. We already service Asian volumes through our existing offices, particularly Dubai and Europe. Establishing a local presence is about strengthening relationships, improving responsiveness, and building infrastructure for the long term not chasing headlines.

MT: How would you summarise PMG Energies’ value proposition to Asian counterparties? 

PMG Energies is a reliable, physically-grounded trading partner.

We combine operational knowledge with global reach, and we understand both sides of the bunker transaction from barge alongside to back-to-back supply chains across continents.

For Asian clients, that means dealing with a counterparty that thinks long term, executes consistently, and has the scale and experience to support growth. We are not new to the market we are simply extending a platform that has been built over more than two decades.

 

Photo credit: PMG Energies
Published: 5 February 2026

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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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