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SIBCON 2020: Executive summary of the world’s top bunkering event hosted ‘in a very special year’

Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.

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Resilience. This was arguably the word on the back of everyone’s minds while moderators, speakers, and delegates conducted business at the biennially held Singapore International Bunkering Conference and Exhibition (SIBCON) 2020.

Rather than cancelling the event and taking a four-year gap in light of the restrictions imposed on social gatherings, SIBCON was held – for the first time – in a virtual environment.

It was attended by over 1,100 attendees from 42 countries who visited the virtual booths about 4,800 times; and around 5,800 connections were made, according to data from organiser Informa.

The much anticipated bunkering event certainly did not disappoint with the announcements of new developments for the bunkering industry.

The following is a key summary of developments at SIBCON 2020 covered by Singapore bunkering publication Manifold Times.

Tackling bunkering black sheep and malpractice head on

The event started with a matter-of-fact keynote address from Senior Minister of State, Ministry of Foreign Affairs & Ministry of Transport, Chee Hong Tat, who took the lead to address the elephant in the room, amongst other issues.

SMS Chee was open and forthcoming to acknowledge the bunkering industry has its “share of black sheep and cases of malpractice”. Though issues may exist, he made it clear the Singapore government would not hesitate to take firm action and revoke bunkering licences of errant companies.

Major milestone in MFM bunkering – SS660 and TR80

A major highlight of SIBCON 2020 was the launch of bunkering standards SS660 and TR80; a project which the Maritime and Port Authority of Singapore (MPA), Singapore Chemical Industry Council, Standards Development Organisation, Singapore Standards Council, Enterprise Singapore spent years in the making.

This was an important development as SS660 and TR80 complete the trinity of mass flowmeter (MFM) bunkering standards that enhance the integrity and trust of the entire bunker supply chain in Singapore.

Under TR80, the measurement performance of MFM-equipped Singapore bunker tankers can be verified using a Master MFM; this is a development much welcomed by shipowners.

New business dynamics of the bunkering sector

Tightened credit financing from banks, and logistical issues of conducting crew change operations during the pandemic have resulted in new business dynamics for the bunkering sector.

Equatorial Marine Fuel Management Services spoke from the Singapore bunker supplier’s point of view of how the issues can be handled by trust between industry stakeholders, while BIMCO provided its analysis of how bunkering firms can stay competitive during this period.

A deep dive presentation with representatives of Oldendorff Carriers, Hafnia, Total Marine Fuels Global Solutions, Sing Fuels provided further details on how their respective bunkering operations were doing in the post Covid-19 era.

Proposal to mandate ISO 8217:2017 at Singapore port

A noteworthy subject raised at SIBCON 2020 was a public proposal brought up by international fuel testing and inspection firm Veritas Petroleum Services (VPS) to have MPA mandate the use of ISO 8217:2017 at Singapore port.

Captain Rahul Choudhuri, Managing Director AMEA at VPS, who made the proposal said 30% of VPS’ shipowner clients are still using the “obsolete” 2005 version of the ISO 8217 marine fuel standard; while 60% currently uses the 2012 version.

“If the industry is not going to use this [latest fuel quality] standard, I think we are in a really tough spot,” he states.

Securing the alternative marine fuels future

With IMO 2020 in effect and new maritime emissions requirements set for 2030 and 2050, stakeholders took the opportunity to use SIBCON 2020 as a springboard to share green shipping developments.

This saw MPA entering into a Memorandum of Cooperation (MoC) to form a Future Fuels Port Network with the Port of Rotterdam Authority and the Ministry of Land, Infrastructure, Transport and Tourism, Japan to align the efforts in driving the development of new fuels.

Pavilion Energy Singapore and Gasum also used the event to announce a collaboration agreement to develop a global LNG bunker supply network for their customers in Singapore and Northern Europe.

Digitisation for the marine fuels industry

The virtually held SIBCON 2020 seemed to be a perfect platform for stakeholders to market the use of technology for supporting bunkering operations.

KPI OceanConnect took the chance to share why voyage management systems and bunker management platforms will undergo digitisation within the next three decades, while a separate session saw MPA sharing an intention to develop smart digital and autonomous bunkering operations at the republic.

Singapore-based maritime solutions firm Claritecs was also given the opportunity to explain why it believes digitisation offers forward thinking bunkering firms a competitive edge though BunkerMAESTRO, a solution aimed at eliminating operational inefficiencies while bringing all parties involved in bunker deliveries on a common platform, and its MFM auto-profiling for quick diagnostics of MFM data.

Manifold Times is proud to be the official media partner of SIBCON 2020; its coverage for the event during this very special year is as follows: 

EVENT ARTICLES

SIBCON 2020: TMFGS shares view on post IMO 2020 capacity of LNG cargo and bunker market
SIBCON 2020: Stakeholders discuss future of Singapore’s bunkering sector at session finale
SIBCON 2020: KPI OceanConnect CEO discusses digitalisation of the bunkering marketplace
SIBCON 2020: Singapore Bunkering TC Chairman discusses Singapore bunker standards with BIMCO
SIBCON 2020: Deep dive finds how bunker value chain is coping with industry issues post Covid-19
SIBCON 2020: BIMCO Chief Shipping Analyst explains new business dynamics in bunker fuels sector
SIBCON 2020: Singapore enters memorandum of cooperation on future fuels port network
SIBCON 2020: VPS proposes mandate of latest bunker fuel quality standards for Singapore market
SIBCON 2020: Equatorial Marine Fuels provides view on local and global bunker markets post Covid
SIBCON 2020: TR 48 reaps annual savings of at least SGD 80 million for bunkering sector
SIBCON 2020: Singapore introduces new MFM bunkering standards SS 660 and TR 80
SIBCON 2020: Powering Fuels of the Future, Driving towards Decarbonisation
SIBCON 2020: Senior Minister highlights ‘quality resilience and sustainability’ for bunkering sector

INTERVIEW ARTICLES

Singapore: Master MFM bunker verification gathers international praise; stakeholders explain benefits
Infineum explains: The ability of additives to ‘save’ off-spec VLSFO bunkers depends on these factors
Infineum explains: ISO 8217:2017 should be viewed as ‘minimum performance benchmark’ for VLSFOs
VPS: Shipowners face ‘tricky situation’ to balance VLSFO shelf life and wax appearance temperature
VPS: Big data analysis reveals link between Covid-19 and spike in low flashpoint
Methanex Corporation explains its case for methanol as a marine fuel in interview
Chairman of Technical Committee for Bunkering explains SS 660, TR 80; and cast an eye to the future
Interview: Hafnia shares IMO 2020 preparations, promotes transparency for bunkering operations
Interview: Total Marine Fuels Global Solutions discusses sector growth, IMO 2020, and future plans
SIBCON 2020: Evolution to a ‘completely different’ bunkering industry event, says organiser

COMPANY ANNOUNCEMENTS

Related: NYK line reveals decarbonisation plan in panel on alternative bunker fuels at SIBCON 2020
Related: Pavilion Energy and Gasum to develop global LNG bunker supply network
RelatedSingapore: SIBCON 2020 bunkering event to be hosted virtually
Related: Argus Media: Low carbon marine fuels needed well before 2050
Related: Singapore: LNG bunkering course included in Enhanced Training Support Package

 

Photo credit: Manifold Times
Published: 20 October, 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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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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