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OceanScore opens new Singapore office for Asia Pacific expansion

New office will enable firm to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with EU ETS and FuelEU Maritime.

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OceanScore opens new Singapore office for Asia Pacific expansion

Hamburg-based technology platform OceanScore on Wednesday (31 July) said it has opened a new office in Singapore that will enable it to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with the EU ETS and FuelEU Maritime.

“Our list of global clients is growing steadily in line with the industry’s pressing need to navigate the complexities of these new regulations. Establishing a presence in this leading maritime hub allows us to cater more effectively for our clientele in this region,” said OceanScore’s Managing Director Albrecht Grell.

The new locale in the Lion City marked the latest expansion by the Hamburg-based maritime technology firm, which also has offices in Poland and Madeira, Portugal.

The office was formally opened on 30 July at a high-profile event attended by honorary guest Kenneth Lim, Assistant Chief Executive of the Maritime and Port Authority of Singapore.

“We are especially grateful to our client Blue Net Chartering and its Managing Director Fabian Oelze for being able to host our new office on its premises to facilitate this expansion,” said Grell, who hosted the event.

OceanScore has recently appointed Leo Grayson as Head of Commercial APAC to lead the Singapore team. 

“By providing dedicated expertise and responsive service on the ground, we will be able to readily support regional clients with the resources they need to tackle their compliance requirements,” Grayson said.

OceanScore said it already serves dozens of shipping companies that have signed up for its web-based digital application ETS Manager, an end-to-end management solution for automated tracking, allocation, invoicing and accounting of EU Allowances (EUAs/carbon credits) to simplify complexity of commercial processes and mitigate risk related to the EU Emissions Trading System (EU ETS). 

Grell said Singapore was selected as the next ‘port of call’ for the company due to its important strategic location for global shipping, with over 180 international shipping groups and around 4000 vessels registered there, as well as a strong sustainability-focused maritime cluster.

Singapore is one of the world’s busiest ports and serves as an important transit hub for ships plying the key trade route between East Asia and Europe that are now exposed to liabilities under the EU ETS, which requires 50% of emissions to be covered for voyages to/from the EU/EEA.

OceanScore now estimates a total EU ETS cost of nearly EUR 400 million for the 1120 liable vessels registered in Singapore once the regulation is fully implemented in 2026, based on a requirement for 5.5m EUAs and the current carbon price of EUR 70 per tonne.

This accounts for around a third of EUR 1.2 billion in total emissions liabilities for Asia-based players and roughly 7% of nearly 80 million EUAs to be surrendered by shipping globally, according to OceanScore.

“Singapore’s share of global EUAs is expected to rise around 3% annually, based on historic data modelling, and it is therefore important for shipping companies to get to grips with the EU ETS by having efficient administrative processes in place to gain control of EUA costs and mitigate their exposure, while also pursuing fleet decarbonisation measures,” Grell explained.

Following rapid industry uptake of ETS Manager after its launch in 2023, OceanScore is now preparing to launch its suite of FuelEU solutions on 4 September. This will include the FuelEU Planner that will allow the user to monitor compliance balances, simulate different courses of action, assess the full commercial impact of different fuel choices, and prepare annual budgets.

“A salient feature is the ability to simulate different scenarios for modelling the total cost of measures related to FuelEU such as using alternative bunkers, taking shorepower or assessing wind-assisted propulsion,” Grell explained. 

“In addition, penalty mitigation measures such as vessel pooling, banking or borrowing can be assessed.”

“Having such data-driven infrastructure in place will be a necessity for players in Singapore and elsewhere in managing the cost implications and risks of the new regulation.”

 

Photo credit: OceanScore
Published: 1 August 2024

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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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