Connect with us

Alternative Fuels

SIBCON 2024: Delegates focus on Singapore’s roadmap for clean marine fuels and digitalisation in final session

Singapore marine fuel sales could reach 54 million mt in 2024, forecasts Caroline Yang, President of SSA and Vice Chair of ICS.

Admin

Published

on

Caroline SSA and Hong Lam

The final session of the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON 2024) on Thursday (10 October) focused on Singapore’s maritime digitalisation and decarbonisation ambitions.

Caroline Yang, President, Singapore Shipping Association, and Vice Chair, International Chamber of Shipping, performed the role of moderator for the session titled MPA and Industry Dialogue on the Singapore Road Map for Clean Fuels and Digitalisation.

Ms Yang set the scene by highlighting Singapore’s position as the top bunkering port in the world, with bunker sales reaching around 52 million metric tonnes (mt) in 2022. She forecast sales of marine fuel at the republic could reach 54 million mt in 2024.

She also outlined the key factors that have contributed to Singapore’s success as a bunkering hub, including its strategic location, competitive fuel pricing, availability of diverse fuel supplies, efficient bunkering operations, and robust standards and assurance.

Ms Yang posed a question to a Maritime and Port Authority of Singapore (MPA) representative asking how does Singapore ensure its continued success as the republic’s bunkering sector moves towards a multi-fuel future.

Wei Siang MPA

New Wei Siang, Director (Maritime Decarbonisation & Net-Zero Pathways), MPA responded to the moderator’s question by providing an overview of MPA’s initiatives in both digitalisation and decarbonisation and willingness to work closely with stakeholders to enable the transition.

On digitalisation, Mr New emphasised MPA’s efforts to digitalise as much of the voyage as possible to improve efficiency, from port clearances to voyage optimisation, as exemplified by a recent announcement on digital bunkering.

Regarding decarbonisation, Mr New highlighted MPA’s focus areas, such as reducing emissions from port terminals and domestic harbour craft, as well as supporting the transition to future low and zero-emission fuels for international shipping.

He acknowledged the challenges around the “chicken and egg” problem of supply and demand for alternative bunker fuels, and stated MPA is trying to help nudge the industry along through initiatives such as the refreshed Maritime Singapore Green Initiative (MSGI).

Mr New also stated that MPA is willing to work closely with industry players, provide feedback, and actively contribute at international platforms such as the International Maritime Organization (IMO) in the energy transition.

Sheen Mao EMF

Choong Sheen Mao, Chief Operating Officer of Singapore’s largest bunker supplier Equatorial Marine Fuel Management Services (EMF) provided the perspective of a major bunker supplier on navigating the transition towards a multi-fuel future in Singapore’s bunkering ecosystem.

“Marine fuels is our core business. Looking at what our customers need, we realise we must gain experience and expertise in providing low and zero carbon bunker fuels to shipowners,” said Mr Choong.

“We started by getting ISCC certified, followed with biofuel trials. And now, we have invested in four new generation bunker tankers which can carry methanol and biofuel bunker blends of up to B100 including conventional marine fuels. Our first such tanker will be delivered at the end of 2024 together with three more across the next year. So, this gives us a bit of a range of capabilities.

“We are also involved in several initiatives launched by the MPA, such as participating in the EOI for methanol supply as a marine fuel. Other than that, we and Fortescue are jointly shortlisted, together, as a participant for the development of ammonia bunkering in Singapore.”

He discussed the challenges and opportunities associated with digitalisation and decarbonisation, emphasising the need for regulatory certainty and cost efficiency.

“We’ve accepted that digitalisation is no longer just to increase efficiency, it’s become a necessity,” said Mr Choong.

“Since 2018, we started our own technology department; we have gone through a few mistakes here and there – but I think we have learnt a lot.

“Interoperability is very important because you are going to be in a very tricky situation if you start with a platform or technology which you must deconstruct and rebuild the whole thing. We need to make sure our existing systems can be compatible with the different stakeholders in the industry.”

While decarbonisation efforts come with increased costs, it is important to be pragmatic and view it as an “insurance cost” to manage the risk of being left behind if certain marine fuel pathways emerge, he observed.

“Decarbonisation is a very expensive endeavour,” highlighted Mr Choong.

“Our focus is on optionality. We need to be able to hedge on risk by working together to help us to avoid more avoidable mistakes; this will help us bring down costs and keep us more focused and efficient while speeding up both digitalisation and decarbonisation at the same time.”

Manifold Times has covered SIBCON 2024 extensively. The following are all articles on the event to help readers recap on exciting announcements and panel discussions:

Related: SIBCON 2024: Enhancing mass flow meter bunker operations digitally with AI-powered insights
Related: SIBCON 2024: DNV dives into potential of energy efficiency tech in midst of green fuels demand
Related: SIBCON 2024: VPS, INTERTANKO, IBIA dive into traceability and transparency of bunker fuel
Related: SIBCON 2024: Oldendorff, Peninsula discuss uptake of traditional bunker fuels, risk management
Related: SIBCON 2024: Digitalised LNG bunkering process can help build trust among stakeholders
Related: SIBCON 2024: Bunkering conglomerates point out need of ‘level playing field’ on shipping’s multi-fuel future
Related: SIBCON 2024: EMF, Argus Media point towards traditional benchmarks as baseline for shipping’s multi-fuel future
Related: SIBCON 2024: ZeroNorth discusses challenges and opportunities of Singapore digital bunkering landscape
Related: SIBCON 2024: Singapore launches two new bunkering standards, revises third benchmark
Related: SIBCON 2024: Vitol anticipates securing LNG bunker licence in Singapore
Related: SIBCON 2024: Bunker players sign SCMA pledge to drive progress within Maritime Singapore
Related: SIBCON 2024: TFG Marine to launch ZeroNorth e-BDNs in Singapore
Related: SIBCON 2024: SGMF releases methanol and ammonia bunkering guidelines
Related: SIBCON 2024: Minerva Bunkering acquires Bomin Group, expanding US operations
Related: SIBCON 2024: Singapore bunker suppliers must provide e-BDN from 1 April 2025

 

Photo credit: Manifold Times
Published: 22 October 2024

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