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LNG Bunkering

SIBCON 2024: Digitalised LNG bunkering process can help build trust among stakeholders

Martin Wold of Ofiniti, a DNV company, says digitalisation will play an important role in bridging data communications gap between bunker players and stakeholders to build trust which will be key with emergence of new bunker fuels.

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Martin Wold Ofiniti

Digitalisation will play a huge role in bridging data communications gap between bunker players and stakeholders to build trust, which will matter more than ever with the emergence of new bunker fuels. 

This was a key point shared by Martin Wold, Chief Executive Officer of Ofiniti, a DNV company, during his Accelerating the Digitalised LNG Bunkering Process presentation on Tuesday (8 October) at the 23rd Singapore International Bunkering Conference (SIBCON).

Ofiniti is the new company name in which digital bunkering delivery platform FuelBoss, established by classification society DNV, operates under now. 

Wold said the energy transition has begun, and with these new alternative fuels, LNG in particular, comes new complexities to be handled.

He highlighted the complexities of LNG specifically which is traded and sold on an energy basis primarily and not mass which is the usual practice in the bunkering industry.

With this, there is a need for consistency which digitalisation can help by providing accurate and error-free ways of calculating the amount of energy delivered.

“With digitalisation and digital platforms that are now emerging, you also get a reliable and shared audit trail when there’s a claim and you need to backtrack and see what happened,” he said. 

“You can do this in a much more efficient way now, by ensuring that you have everything available as one shared data reference point. Also, you can trust that you have instant access to verifiable data for all involved stakeholders in the delivery, from independent solution providers.”

Wold also shared the lessons learned from three years of digitising LNG bunkering operations using FuelBoss, including consistent time savings and increased utilisation of bunker vessels.

SIBCON 2024: Digitalised LNG bunkering process can help build trust among stakeholders

“We see consistent time savings of 30 to 60 minutes for every bunker delivery, which is, of course, very valuable in operational efficiency and also increasing utilisation of bunker vessels,” he said.

He also highlighted the preference for digital work processes among crews of both bunker vessels and receiving vessels because it is more convenient, intuitive and easy to use. 

“And finally, we are able to quantify savings of up to USD 1 per metric ton of delivered fuel, and most of that comes from optimization and increased availability of the bunker vessels,” Wold added.

“Until now, time savings and operational efficiency have not been a top priority, as LNG bunker vessels have had low utilization due to insufficient demand. However, this is the big change happening now in the LNG bunkering industry, as we’re moving from a clear state of underutilization to full utilization of LNG bunker vessels on a global scale.”

Therefore, he highlighted that the adoption of digital tools like FuelBoss have been taking off rapidly as now “time is money”, also in the LNG bunkering space. 

Wold ended his presentation by informing that Ofiniti was in the final stages of the whitelisting process with MPA Singapore, for their new FuelBoss platform that provides eBDN and digital delivery also for conventional fuels. 

Related: FuelBoss to continue under new DNV company Ofiniti
Related: DNV: LNG headlining new alternative fuelled orders in Q3
Related: DNV FuelBoss coverage expands to include conventional bunker fuels, whitelisting by MPA in process
Related: Singapore: DNV FuelBoss and Equatorial Marine Fuel enter digital bunkering MoU
Related: StormGeo and FuelBoss in new partnership to support digitalisation of bunker workflow

 

Photo credit: Manifold Times
Published: 16 October, 2024

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Alternative Fuels

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

B100 discount to LSMGO widens to $541/mt in Rotterdam; Singapore’s B100 drops to $106/mt below LSMGO; Rotterdam LBM at $639-833/mt discounts to LSMGO.

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ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

20 July 2026

  • B100 discount to LSMGO widens to $541/mt in Rotterdam
  • Singapore’s B100 drops to $106/mt below LSMGO
  • Rotterdam LBM at $639-833/mt discounts to LSMGO

B100’s premium over HSFO in Rotterdam has narrowed by $50/mt over the past week to $64/mt, while its discount to VLSFO has widened by $83/mt to $105/mt.

B100 has become far more competitive against LSMGO in Rotterdam, with its discount widening by $180/mt over the past week to $541/mt, as a surge in conventional fuel prices left B100 broadly unchanged by comparison.

B100’s price has risen by $109/mt in Singapore, but its discount to LSMGO has still widened by $102/mt to $106/mt, as LSMGO surged by an even greater $211/mt.

Rotterdam’s LNG premium over VLSFO has widened by $35/mt to $201/mt for vessels with Otto medium speed (Otto MS) engines. For vessels with diesel slow speed (diesel SS) engines, LNG has flipped to a $15/mt premium over VLSFO, from a $22/mt discount the prior week.

Liquefied biomethane (LBM) discounts to VLSFO in Rotterdam have narrowed by $50-52/mt to $203-396/mt over the past week. Against LSMGO, LBM discounts have widened by $45-47/mt to $639-833/mt, depending on engine type.

In Singapore, LNG is now $42/mt cheaper than LSMGO for vessels with Otto MS engines, and $134/mt cheaper for vessels with diesel SS engines.

ENGINE on Fuel Switch Snapshot: LSMGO surges to greater premium over biofuel

Liquid fuels

HSFO and VLSFO prices in Rotterdam have jumped by $66/mt and $99/mt respectively over the past week, while LSMGO has surged by an even steeper $196/mt. A $9.69/bbl ($71/mt) rise in front-month ICE Brent futures, to $87.94/bbl ($645/mt), drove bunker prices sharply higher across the board.

Bunker fuel availability is tight for prompt delivery dates in the ARA ports, with buyers advised to enquire about stems between 5-7 days ahead to get good coverage, a trader said.

Rotterdam’s B100 price has risen by $16/mt over the past week. Dutch ZRE A ticket prices were unchanged at €107.50/mtCO2e.

Singapore’s HSFO and VLSFO prices have risen by $130/mt and $132/mt respectively, while its LSMGO price has gained an even steeper $211/mt over the past week.

VLSFO availability in Singapore has been tight, with several suppliers reporting low stock levels. Recommended lead times have widened from 13–17 days last week to 14–19 days now.

Liquid gases

Rotterdam’s LNG prices have surged by $134-136/mt over the past week, while its LBM prices have climbed by $149-151/mt.

LBM discounts to LNG in Rotterdam have narrowed by $15/mt to $404-411/mt.

Singapore’s LNG bunker benchmarks have surged by $196-197/mt over the past week.

By Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 21 July, 2026

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