Global provider of marine energy solutions KPI OceanConnect on Tuesday (15 July) reported earnings before tax (EBT) of USD 9 million in its financial results for the year 2024/2025, falling from USD 20 million in FY 2023/2024.

The company said the reduction was due to investments in strategic initiatives and persistent downward pressure on margins, as well as generally challenging market conditions in most regions.

The company delivered close to 12 million metric tonnes (mt) of marine fuel, the same volume as the previous FY with an increase in revenue to USD 5.7 billion. 

“Overall, the company is satisfied with the results, which reinforces its position as a trusted counterparty in a complex and evolving market,” the company said in a statement. 

This year, KPI OceanConnect appointed its former COO Dorthe Bendtsen as its permanent Chief Executive Officer. 

The company added Bendtsen’s qualifications and background in corporate governance has seen the company build significant capabilities needed to ensure a long term sustainable business designed to guide clients through current challenges such as decarbonisation, digitalisation, and regulatory change.

“We’ve sharpened our focus on delivering smarter, more efficient and cost-effective solutions to meet the industry’s evolving needs,” said Bendtsen, CEO of KPI OceanConnect. 

“By putting people at the heart of our business, investing in the future structure of our organisation and building strong, values-driven partnerships, we’ve laid a solid foundation for long-term success.”

The company continued to invest in strategic partnerships and infrastructure to support the industry’s energy transition. KPI OceanConnect delivered the first waste-based HVO100 renewable diesel to cruise vessels in Asia-Pacific, and supported B24 and B30 biofuel deliveries in Singapore and Busan respectively, milestones in the practical application of new fuel solutions in real-world operations. 

The group’s biofuel supply network extends to more than 150 terminals worldwide, enabling tailored fuel strategies for clients across all major shipping sectors, including cruise, container, PCTC, bulk, and chemical carriers.

These efforts are underpinned by the company’s continued investment in the Alternative Fuels & Carbon Markets team of experts, led by Jesper Sørensen. With global regulations such as FuelEU Maritime and EU ETS driving demand for compliant fuel solutions, KPI OceanConnect continues to play a key role in shaping the energy strategies of shipowners around the world. 

“The maritime industry’s journey to a low-carbon future will take time but KPI OceanConnect is ready to lead it with integrity, insight, and a commitment to progress,” said Bendtsen.

In the past year, KPI OceanConnect also opened a new office in Tokyo, its fifth in Asia. The company said the move bolstered its ability to serve clients in the region, supporting local engagement in one of the industry’s most important markets.

Related: Singapore: KPI OceanConnect, partners deliver first renewable diesel to cruise industry
Related: KPI OceanConnect achieves 9% increase in annual bunker volume
Related: Interview: KPI OceanConnect dives deeper on its FY2023/2024 and what’s to come
Related: KPI OceanConnect names Dorthe Bendtsen CEO after interim period
Related: KPI OceanConnect expands Asia footprint with new Tokyo office

Photo credit: KPI OceanConnect
Published: 16 July 2025

The Port of Rotterdam Authority recently published bunker fuel sales data for the second quarter (Q2) of 2025.

Deliveries of ultra low sulphur fuel oil, very low sulphur fuel oil, high sulphur fuel oil, marine gas oil and marine diesel oil in Q2 2025 (against on year) recorded respectively 225,992 metric tonnes (mt) (+33%  from 169,953 mt), 679,442 mt (-9.1% from 747,300 mt), 914,672 mt (+10.9% from 825,125 mt), 308,292 (+18% from 260,839 mt), 99,585 mt (-8.2% from 108,428 mt). 

Bio-blended variants of ultra low sulphur fuel oil, very low sulphur fuel oil, high sulphur fuel oil, marine gas oil and marine diesel oil in Q2 2025 (against on year) recorded respectively 24,573 mt (-28.3% from  34,276 mt), 68,271 mt (-57% from 158,911 mt), 38,490 mt (+15.3% from 33,371 mt), 31,663 mt (+627.7% from 4,351 mt) and 2,223 mt (-30.2% from 3,184 mt).

Port data showed 200,662 m3 of liquefied natural gas (LNG) being delivered as a marine fuel in Q2 2025, down by 17.4% from 242,931 m3 in Q2 2024. Bio-methanol and bio-blended LNG recorded 53,958 mt and 4,752 m3 respectively in Q2 2025.

Photo credit: Port of Rotterdam
Published: 16 July, 2025

Sales of marine fuel at Singapore port increased by 7.5% on year in June 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.59 million metric tonnes (mt) (exact 4,594,700 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt (4,274,900 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 1.70 million mt (+8.6% from 1.56 million mt), 2.31 million mt (-7.2% from 2.33 million mt), 1,900 mt (from zero), 4,500 mt (-88% from 8,000 mt) and zero (from zero).

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 38,800 mt (+671.7% from 2,500 mt), 114,300 mt (+97.9% from 45,400 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February this year, recorded 1,000 mt of deliveries in June.

LNG and methanol sales were respectively 55,400 mt (-7.8% from 51,700) and zero (from zero mt). There were no recorded sales of ammonia for the month and so far in 2025.

Related: Singapore: Bunker sales volume raises to year record high of 4.88 million mt in May
Related: Singapore: Bunker fuel sales increase by 4% on year in April 2025
Related: Singapore: Bunker fuel sales increase by 0.5% on year in March 2025
Related: Singapore: Bunker fuel sales down by 8.1% on year in February 2025
Related: Singapore: Bunker fuel sales down by 9.1% on year in January 2025

A complete series of articles on Singapore bunker volumes reported by Manifold Times tracked since 2018 can be found via the link here.

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July 2025