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Marine fuel consultants explain Singapore’s 10.8% on year bunker sales increase in April

April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.

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Manifold Times Bunkering Vessels

April’s 10.8% on year rise of bunker sales at Singapore port was a surprise to many, who expected the month’s volume at the republic to fall due to lower international trades and the Coronavirus Disease 2019 (COVID-19) pandemic.

Singapore bunkering publication Manifold Times took to the occasion and approached local marine fuel consultancies Azure Strategic Resources and SDE International to shed light about the development.

Dennis Ho, Director & Founder of Azure Strategic Resources, explained Singapore’s total bunker volume in April 2019 was firstly at a low of 3.7 million mt – a low base when compared to the 4.1 million mt of bunker sales at Singapore in April 2020, which is largely in line with the average monthly volume of 4 million mt within the past two years.

“Quite a fair amount of supplies was fixed on a contract basis prior to the start of IMO 2020 implementation on 1 January. It is possible that these contracts are still being fulfilled,” he adds.

“The Singapore increase in volume may also come at the expense of other smaller ports where supply of 0.5% sulphur compliant fuel may not be reliable. In fact, other major ports like Rotterdam and Zhoushan have been reporting healthy demand.

“Traders and buyers which I talked to commented their April demand was largely unchanged and in fact saw a pick up towards end April.  This is likely due to the steep correction in prices following the negative crude oil price seen on 19 April.

“The same traders and buyers commented May looking to be a slow month. A buyer expects he may only be able to fulfil the lower end of his buying commitment.”

Simon Neo, Executive Director at marine fuels consultancy SDE International, notes current market conditions have resulted in prices of bunker fuel at Singapore port being lower when compared to the similar period a year before.

The total number of vessel arrivals at Singapore port was 7,015 in April 2020 (37.6% lower on year) while container and cargo throughput both respectively fell 5% and 12.6% on year, according to Maritime and Port Authority of Singapore (MPA) data.

“The drop in the number of vessel arrivals, container and cargo throughput clearly shows trade volume to be down,” said Neo.

“However, the increase in bunker volume is more due to the fact that oil prices are very low now. This generates more buying interest as nobody knows when for sure, how long this low oil price will last.

“Instead of topping up 500 or 600 mt, ship owners may now be incentivised take up to 1,000 mt or 1,500 mt.

“The other factor of what Dennis said is quite true, as a lot of ship owners have entered into pre-signed contracts before IMO 2020 due to worries about the availability and quality of VLSFO around the region.

“Singapore is the premier bunkering port which is very well regulated, and supported by a highly respected bunkering standard backed by the use of mass flowmeters for the custody transfer of marine fuel.

“This encourages more ship owners to take up products in Singapore as there is accountability involved and they will all know who to approach if anything goes wrong.”

Singapore’s bunker fuel sales volume was release by MPA on Wednesday (13 May).

A total 4.11 million metric tonnes (mt) (exact: 4,113,700 mt) of bunkers was sold at the port in April, 10.8% more than 3.71 million mt (exact: 3,712,100 mt) posted during April 2019.

Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in April 2020 (against on year), were respectively 78,400 mt (-88.7% from 691,900 mt), 692,800 mt (-73.5% from 2.61 million mt), while 180 cSt product recorded no sales (-100% from 24,000 mt).

Low sulphur 500 cSt, 380 cSt and 180 cSt products respectively recorded no sales (similarly compared to zero sales in 2019), 2.15 million mt (significantly up from 16,400 mt), and 111,100 mt (+194.7% from 37,700 mt).

The latest data introduced new categories, namely low sulphur 100 cSt, and ULSFO respectively recorded 597,800 mt and 66,700 mt of sales in April.

Low sulphur marine gas oil (LS MGO) sales were posted at 372,600 mt (+89.5% from 196,600 mt) and MGO at 48,400 mt (-31.9% from 71,100 mt).

Related: Singapore: March 2020 bunker fuel sales rise 5.7% on year
Related: Singapore: February 2020 bunker sales volume up 2.5% on year
Related: Singapore: January 2020 bunker sales volume up 7.5% on year

 

Photo credit: Manifold Times
Published: 14 May, 2020

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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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