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Titan LNG introduces free LNG comparison tool for benchmarking to other bunker fuels

Fuel comparison sheet provides insight into the costs for LNG as a marine fuel compared to existing bunker fuels to help companies account for future budgeting.
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Niels den Nijs, CEO of Netherlands-based maritime liquified natural gas (LNG) bunkering company Titan LNG on Tuesday (24 November) published an article introducing the company’s newly launched LNG bunker fuel comparison fuel to provide clarity within the maritime industry by providing a tool that enables like-for-like benchmarking to other bunker fuels:

How increasing transparency of LNG pricing can play a pivotal role in reducing emissions in shipping.

With increasing awareness of the efficacy of LNG as a marine fuel and a viable, cost-effective pathway to reducing GHG emissions, why is there still some hesitancy in the shipping industry to uptake on the fuel alternative we asked ourselves at Titan LNG?

Available on our website, the new LNG delivered price page provides an overview of LNG prices delivered onboard in various quantities and ports, aiming to increase transparency, and understanding of the cost of LNG as a marine fuel. Furthermore, it displays up to date indicative pricing on a weekly basis in five key LNG fueling locations: Rotterdam, North Sea, Baltic, Mediterranean and Singapore. Reference prices are available for two different drop sizes – 250 and 1,000 tonnes – for each region. The prices presented across three delivery options where applicable, including FlexFueler barge, and sea-going bunker vessels. For truck-to-ship drop sizes of – 20 and 150 tonnes are available. 

The fuel comparison sheet enables informed decision-making by providing insight into the costs for LNG as a marine fuel – usually priced by € per megawatt hour – compared to other existing fuels in € or US$ per ton or MMBtu delivered now and in the future for accurate budgeting. The pre-formulated table (accessed free of charge with premium access) enables users to input relevant market prices, which are automatically converted into the LNG equivalent, allowing owners and operators to follow market trends. Moreover, premium access also provides forward curves, illustrating the delta of LNG vs MGO in terms of pricing. 

Our Business Development Manager, Régine Portocarero, commented: 

“One of the biggest hurdles we face in the progress towards a low emissions future is the lack of transparency and understanding of LNG, which already contributes to reducing carbon and eliminates local harmful emissions. It is clear that LNG offers a clear pathway to decarbonisation through Bio-LNG and eventually using green hydrogen converted into E-fuels (Synthetic Liquid Gas).”

She continued: “With our efforts, we hope to increase transparency and accuracy around LNG pricing, enabling shipowners and operators to make informed choices. It’s essential that fuels are being compared on an energy equivalent basis – for example if you take 1,000 tonnes of MGO, you only need ~815 tonnes of LNG; it takes less fuel to travel the same distance.”

LNG pricing and availability remain central decision-making factors when considering the adoption of LNG as a marine fuel. Titan LNG continues to build out its owned or chartered physical infrastructure to facilitate supply across the globe. The new shared insights demonstrate that Titan LNG, as an independent supplier, is able to provide practical support and information to the entire shipping community.

For owners and operators seeking more detailed information, we are able to work in collaboration with businesses to understand fuel consumption and determine potential annual savings, for which Titan LNG has developed the Titan LNG Marine Assessment Tool, which can be accessed here.

The LNG Delivered Price Page can be accessed here.


Photo credit and source: Titan LNG
Published: 25 November, 2020

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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July 21, 2026

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Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July). 

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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July 21, 2026

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RESIZED Drew Beamer

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

  • That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

  • that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
  • that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
  • that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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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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July 21, 2026

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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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