Connect with us

Alternative Fuels

SIBCON 2022: KPI OceanConnect host Maritime Energy Transition Symposium 2022

Collaboration, transparency and building trust will be key drivers for success in view of increased regulation and pressure on the shipping industry to decarbonise.

Admin

Published

on

193

KPI OceanConnect on Thursday (20 October) said collaboration, transparency and building trust will be key drivers for success in view of increased regulation and pressure on the shipping industry to decarbonise and operate more sustainably that is rapidly transforming the marine fuel supply chain.

During Maritime Energy Transition Symposium 2022 at SIBCON 2022, discussions were held on how the maritime industry is transforming and how to make positive strides to create a more sustainable future.

More than 60 participants from various shipping segments joined the firm and its industry experts to share knowledge and learn about the latest environmental regulations, as well as pathways to initiating decarbonisation in the short-term, and develop long-term future fuel strategies.

Photo62

In the opening address, CEO Anders Grønborg took to the stage to talk about the current marine fuels landscape and KPI OceanConnect’s position as a financially strong partner with a global presence. 

“This position has recently been reinforced with the recent development of Bunker Holding’s Global Accounts unit becoming part of KPI OceanConnect,” the firm said. 

“This move further increases our capabilities to work in real partnership with our clients, providing expert and innovative counsel on how their businesses are being impacted by the market dynamics and working with them to implement solutions that are right for their operations.”

Joining the symposium to share their thoughts and opinions on the shipping industry’s decarbonisation journey were fellow sector leaders Eirik Nyhus, Director of Environment and Martin Christian Wold, Principal Consultant at DNV GL, as well as Sverre Bjorn Svenning, Director of Maritime Research at Fearnleys AS and Ed Glossop, Head of Sustainable Operations at Bunker Holding Group.

Each speaker presented various elements of the marine energy transition to share insights with the group. Eirik provided an overview of the regulatory pathway for shipping, including the emerging legalisation from both the International Maritime Organization and European Union level. 

Sverre spoke about the developments of technical solutions for the decarbonisation of shipping, and the measures ship owners and operators should be considering for their fleet. Martin delivered a presentation on the road to 2050, using key findings from the DNV Maritime Energy Outlook to 2050. Ed concluded the symposium by sharing insights into KPI OceanConnect’s recent developments and positioning to support our customers and the wider market through the energy transition.

Photo159

Alongside increased regulation, there was widespread agreement that the main drivers for decarbonisation include significant pressures from the financial community, cargo owners and charterers, who are all demanding more transparent and sustainable supply chains.

And while zero-carbon sources of energy (as well as more efficient vessels) is central to delivering this, owners and operators need to act now in developing pathways to decarbonisation. 

Achieving this will require collaboration and having the right partners to support the development of the most effective and impactful fuel and energy procurement strategy for both now and the long-term. 

“This is where KPI OceanConnect excels. We are confident that with our knowledge and experience, we will help all our current and future customers manage the complexities of the industry’s energy transition,” the company said. 

Related: Bunker Holding’s key account management unit BOGA and KPI OceanConnect to join forces

Manifold Times is an official media partner of SIBCON 2022; a series of articles related to the event written by the Singapore bunkering publication are as follows:

Related: SIBCON 2022: Stolt-Nielsen’s Head of Sustainability talks on scalability of future fuels
RelatedSIBCON 2022: Stakeholders discuss the future of Singapore’s bunkering landscape at session finale
RelatedSingapore: MPA develops framework to support biofuel bunker fuel deliveries
RelatedSIBCON 2022: SGTraDex enters MOU with six bunkering sector tech providers
RelatedSIBCON 2022: S&P Global Market Intelligence and Bunkerchain in MoU
RelatedSIBCON 2022: Singapore sets out to drive transformation in bunkering
RelatedSIBCON 2022: Development of ISO 8217:2024 in progress; but ‘ineffective’ without industry adoption, foresees VPS
RelatedSIBCON 2022 Interview: ExxonMobil to invest more than USD $15bn on GHG reduction initiatives by 2027
RelatedSIBCON 2022 Interview: Eaglestar discusses challenges and possible solutions in embracing ammonia as a bunker fuel
RelatedSIBCON 2022 Interview: Digitalisation in bunkering ops, can lower costs and enable decarbonisation, says StormGeo
RelatedSIBCON 2022 Interview: Co-Convenors offer insights into Singapore’s upcoming Digital Bunker Document Standard
RelatedSIBCON 2022 Interview: MFMs relevant for custody transfer of future liquid-based marine fuels, confirms Endress+Hauser
RelatedSIBCON 2022 Interview: Clyde & Co discusses handling of bunker fuel quality disputes, alt fuels contracts
RelatedSIBCON 2022 Interview: Singapore Bunkering TC Chairman shares republic’s direction on future marine fuel

 

Photo credit: KPI OceanConnect
Published: 25 October, 2022

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending