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KPI OceanConnect establishes an alternative bunker fuels division to spur decarbonisation

Division will drive environmental and sustainability change throughout clients’ marine fuel supply chains, says Managing Director Michalis Manassakis.

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Michalis Manassakis Managing Director of KPI OceanConnect Athens

KPI OceanConnect on Monday (11 April) published an interview featuring Michalis Manassakis, managing director of KPI OceanConnect Athens, who describes the initiatives of the company to fulfil the fuel spectrum of its clients’ needs regarding the supply of sustainable marine fuel, amongst others.

Do you agree that the effects of Covid-19 have accelerated the digitalisation process of shipping? Has your company exploited this major disruption to increase its resilience and prepare for further growth?

The effects of Covid-19 as well as the need to decarbonise and the digitalisation of the sector is likely to require an evolution of operational strategies in the coming years. We’ve embraced digitalisation with our marine fuels platform KPI AuctionConnect. This is at the forefront of digitalisation with auctions being completed successfully for clients within 15 to 20 minutes, therefore greatly improving efficiency and transparency of transactions. Digitalisation supports our drive for an even more efficient business that provides our partners with the fuels they need to optimise their performance. Digitalisation and technology are only going to increase over the next few years, and KPI OceanConnect is ready with digital tools to support our customers navigate through transitionary and volatile periods.

Do you believe that the increasing need for eco-efficient and sustainable shipping operations has led to the development of new innovative services & solutions? Describe your company’s activities on this issue.

We’re committed to becoming an industry leader in shipping’s journey to tackle decarbonisation, and we see many developments across the industry that are advancing sustainability. We provide expert advice to our partners on everything from new legislation and regional regulation to alternative marine energy options and ways to offset and decarbonise voyages. In recent months, we’ve showcased our agility and innovation by completing one of the bunkering industry’s first carbon offsets/carbon-neutral marine fuel supplies. We were also one of the first marine fuels companies to establish an Alternative Fuels and Special Projects division. This new function will drive environmental and sustainability change throughout our clients’ marine fuel supply chains, and it will look to break new ground in developing knowledge and insights as well as collaborating with like-minded partners to support the facilitation of the energy transition. These advancements will enable us to fulfil the full spectrum of our clients’ needs and enhance our ability to support them in achieving their sustainability ambitions. We will work with our customers to put in place a fuel procurement strategy that meets the needs of today in conjunction with the demands of a future decarbonised shipping industry.

The COVID-19 collapse in oil prices last year made the case for sulphur scrubbers less urgent. Do you believe that the rising low-sulphur fuel price could stimulate scrubber resurgence?

Going forward, scrubbers will play a role in the future marine energy mix, as will alternative fuels and carbon offsetting. The economics are currently still favourable towards scrubbers as the marine fuel spread between VLSFO and IFO reaches around $210 in some regions. Those who have invested in scrubbers will not only see compliance for IMO 2020 but also a relatively short payback if the spread continues to remain elevated.

Do you believe in the crucial role of the human factor in shipping? Are you afraid that the technology (AI & automation) threatens the traditional mode of hand-on ship management?

We believe that adopting digitalisation and working with technologies enables us greater transparency and improves efficiencies across the supply chain for our clients. Digital platforms can complement bunker trading by reducing time and increasing efficiency. However, the human factor will still remain very important and we expect the personal touch to continue to be a differentiating factor for us going forward. Our traders in Athens office are coming from different shipping backgrounds and so they meet different customer needs and can provide them with the best insights about the market. Partnering with an organisation that delivers advanced marine energy solutions on a global scale that is consultative, innovative, and financially strong adds value for shipowners, operators, and charterers.

Do you provide technical advice/guidance to your customers in choosing the right fuel and oil in order to ensure the reliable performance and keep water and contaminants out of the marine engine?

KPI OceanConnect’s deep understanding of the market, agility and innovative qualities provide us with the capabilities to robustly support customers and provide them with the solutions they need to enable them to thrive. We work closely with our clients to maximise their efficiencies, providing our clients with a 360 degrees service that ensures quality and compliance. Our expertise ensures that our clients will have access to the right quality fuel wherever they are and whenever they need it. With offices across the world, we can also operate in every major maritime hub and time zone, therefore combining local knowledge and innovative thinking with global coverage. Apart from bunkers, KPI OceanConnect specializes in the lubricant market and provides competitive prices either on a spot or contracted basis.

What are your future plans to expand your market share in shipping and stay competitive in a continuously uncertain market?

For the past 50 years, we have been a prime mover and agile partner in the shipping industry, so we’re well-positioned to support our business partners to thrive in any market transformation. We do this by providing the best solutions in response to the increasingly diverse and complex nature of the marine fuels market. We’re closely monitoring the developments of alternative fuels as we want to ensure we provide the right products for our customers. As our customers’ needs evolve,  especially as we approach 2030 and 2050, we’ll be there to support them every step of the way whether it be biofuels, methanol, ammonia, LNG, etc. 

Through our partnership approach, we offer reliable and trusted expertise and real-time market intelligence, which is an important asset as we approach market transformations. Having a trusted partner that has the technical expertise, local knowledge and global experience really makes a difference to your operation success. We have the vision, experience and flexibility to ensure that we continue to meet our customers’ needs, and provide them with the right guidance to empower them in navigating the industry’s transformation. Our focus is on growth and we are currently looking for the right candidates to join our trading team in Athens.

 

Photo credit and source: KPI OceanConnect
Published: 12 April, 2022

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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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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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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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