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BunkerPlanner new feature includes TC rate and vessel speed for bunkering ports

‘Deciding on a port to bunker is a complicated calculation; interwoven are trade-offs related to Time Charter Rate, Speed/Consumption, Deviations and Price,’ it says.

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BunkerPlanner

[vc_row][vc_column][vc_column_text]BunkerPlanner, a bunker procurement optimisation tool developed by Scandinavian maritime technology firm BunkerMetric on Tuesday (12 May) said it has rolled out new functionality to assist vessel operators to reduce costs under any market combination of time charter (TC) rate and bunker prices.

BunkerPlanner says it calculates attractive bunker port calls that can be induced on a voyage in relation to the costs of bunkers, port calls, barges, and deviations, while also taking into account a speed up of the vessel to meet a fixed ETA at next port call. 

The bunker price of any additional port call must justify any speed-up, considering the vessel’s bunker curve and extra distance to be sailed, it stated.

This makes good sense in most high TCE markets, where the expected TC rates exceed the extra bunker cost of speeding up. 

However, there is often an attractive tradeoff by adding a bunker port call and delaying scheduled ETAs while maintaining a fixed speed. 

With this approach a bunker buyer would attain a lower TC rate but would save handsomely on bunkers – a beneficial strategy in low TC environments, it explained. 

Consider an example: 

  • A capesize bulker sailing from Port Hedland, Australia to Qingdao, China and returning, at a sailing speed of 13 knots.
  • At TCEs below $10.000, the most attractive bunker port is Singapore. At very high TCEs, the optimal strategy is to avoid a bunker-only call and lift required bunkers in Qingdao during cargo operations. 
  • The total bunker costs change from $ ~460.000 at very low TCE rates to $476.000 at higher TCE rates. 
  • By identifying the correct strategy, an operator can potentially save more than $16.000, equivalent to over $200 TCE/day.

“Deciding on the cheapest port to bunker is a complicated calculation, which should not be reduced to choosing the lowest $/mt,” said Fernando Alvarez, Bunker Metric co-founder.

“Especially interwoven are the tradeoffs related to Time Charter Rate, Speed/Consumption, Deviations and Price, and are only possible to accurately overview with good system support. 

“With BunkerPlanner’s tool you can easily save hundreds of $ in TCE per day, especially in low TC markets.”

The company notes the bunker prices in the example were locked on the 8th of April 2020. 

It adds that in the current volatile bunker market this rapidly changes and early / mid May, South Korean ports would be preferable on this trade, depending on TC rate. 

Different loading ports in West Australia and discharge in North China, may also give markedly different final results. 

BunkerPlanner says its automated bunker planning tool is of great value in exploring such scenarios.

With this new functionality, which is already available to its customers, the program can even better assist vessel operators to attain significant bunker savings.

“By including TCE in BunkerPlanner’s calculations, advice can also be given bearing in mind the intricate interplay between the optimal speed for a specified voyage, the TC rate, bunker consumption, bunker costs, banal usage and ECA zones,” said Christian Plum, Bunker Metric co-founder.

“Considering all these factors together is powerful, and unique for a Maritime Digitisation tool.”

Related: Dataloy integrates with BunkerPlanner to optimise bunker procurement
Related: BunkerPlanner adds new IMO 2020 functionalities to assist users
Related: ‘BunkerPlanner’ is now available in Asia, says BunkerMetric Co-founder


Photo credit: BunkerPlanner
Published: 13 May, 2020[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type=”image_grid” images=”9969″ title=”Additional Information”][/vc_column][/vc_row]

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Alternative Fuels

J-ENG completes land-based testing of hydrogen-fuelled marine engine

Engine will be installed on a 17,500 DWT multipurpose vessel to be built by Onomichi Dockyard for MOL and MOL Drybulk, with onboard demonstration testing scheduled to begin in April 2028.

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Japan Engine Corporation (J-ENG) on Friday (18 September) said it has completed land-based testing of the world’s first hydrogen-fuelled engine for large commercial vessels, the 6UEC35LSGH.

During factory testing, the engine achieved a hydrogen co-firing rate of at least 95%, reducing GHG emissions by more than 95% compared with conventional heavy-fuel-oil engines.

By adopting a high-pressure direct injection system, which injects fuel directly into the cylinder at high pressure, J-ENG said the engine achieves stable hydrogen combustion. 

Safety measures were also implemented, including a robust structure to prevent hydrogen leakage and double-walled piping for hydrogen supply lines. 

“Approval testing was conducted in the presence of ClassNK and was completed successfully,” the company said. 

The engine will be installed on a 17,500 DWT multipurpose vessel to be built by Onomichi Dockyard for Mitsui O.S.K. Lines and MOL Drybulk.

Hydrogen fuel will be supplied to the engine through a marine hydrogen fuel system, consisting of marine hydrogen fuel tanks and a fuel supply system, developed and manufactured by Kawasaki Heavy Industries.

In addition, Nippon Kaiji Kyokai (ClassNK) will conduct safety assessments throughout each stage of the engine’s development and the vessel’s design, construction and operation.

The vessel will then undergo sea trials before onboard demonstration testing begins in April 2028. 

Kawasaki will also develop and manufacture bunkering equipment for supplying liquefied hydrogen to vessels. 

“The demonstration will further evaluate the engine’s durability and performance under actual operating conditions,” J-ENG added.

 

Photo credit: J-ENG
Published: 22 September, 2026

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FuelEU

GTT Marine partners with BetterSea on FuelEU trading, pooling integration

Integration will enable GTT Marine customers and platform users to execute FuelEU trading and pooling end-to-end, directly from the Vesper Insights platform.

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GTT Marine partners BetterSea to integrate FuelEU trading, pooling into Vesper Insights

BetterSea, provider of a FuelEU compliance platform and marketplace, and GTT Marine, a business unit of the GTT Group, on Monday (21 September) announced a white-label integration partnership to accelerate FuelEU Maritime compliance for shipping companies.

Under the partnership, GTT Marine will integrate BetterSea’s platform into its own Vesper Insights platform offering, enabling GTT Marine customers and platform users to execute FuelEU trading and pooling end-to-end, directly from the Vesper Insights platform. 

Through this white-label integration, customers will gain access to BetterSea’s full FuelEU infrastructure, including marketplace access, simulation tools, pooling and post-trade workflows, as well as streamlined Thetis reporting capabilities, all within the Vesper Insights environment. 

This creates a uniquely aligned offering for customers seeking a single, trusted route to FuelEU compliance and execution.

As FuelEU Maritime moves into operational reality, shipping companies need more than visibility into compliance exposure. They need the ability to assess options, execute transactions, and complete workflows reliably and at scale. 

The BetterSea-GTT Marine partnership addresses that need by combining BetterSea’s execution-ready FuelEU platform with GTT Marine’s strong position in vessel performance and maritime innovation.

Through the BetterSea-GTT Marine partnership, customers will gain:

  • access to FuelEU trading and pooling execution directly within GTT Marine Vesper Insights platform
  • access to BetterSea’s FuelEU marketplace
  • simulation tools to compare compliance pathways across different regulations and evaluate cost exposure
  • pooling and post-trade workflows supported by standardized legal and financial structures
  • pool tracking and Thetis reporting capabilities to support the full FuelEU execution process
  • fully streamlined and connected route to end-to-end FuelEU compliance

Maximilian Schroer, Co-CEO, BetterSea, said: “This partnership with GTT Marine marks an important step in our mission to make FuelEU compliance and pooling easier to access and execute, while underlining BetterSea’s position as the market leading FuelEU marketplace. 

“By embedding our platform into GTT Marine Vesper Insights offering, we are giving customers a seamless and efficient path from compliance understanding to full trading and pooling execution, all within an environment they already know and use.”

Christian Treu, VP Revenue, GTT Marine, said: “At GTT Marine, we are committed to equipping our customers with practical and high-value solutions for the decarbonisation transition. 

“Through this partnership with BetterSea, we can offer our users direct access to a complete FuelEU execution framework, from simulation to trading, pooling, and reporting, directly via our platform.” 

 

Photo credit: GTT Marine
Published: 22 September, 2026

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GCMD, BCG: Engine choices today to shape shipping’s fuel pathways through 2050

New fuels could reach around 60% of fleet energy consumption under a sufficiently strong carbon price signal, modelled at USD 700/tCO2e by 2050.

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GCMD, BCG: Engine choices today to shape shipping’s fuel pathways through 2050

With vessels operating for 25 to 30 years and only around 4% of the fleet renewed annually, newbuild decisions made over the coming decade will establish much of the engine capacity available in 2050, Global Centre for Maritime Decarbonisation said on Thursday (17 September). 

Yet having the capacity to consume a new fuel does not guarantee its uptake. Dual-fuel engines allow shipowners to switch between conventional fuels and the selected new fuel as economics and regulations evolve; continued fuel competitiveness is therefore critical to what vessels ultimately consume.

These are among the findings of Navigating the maritime fuel transition: How fuel economics, regulations, and fleet decisions shape the future bunkering landscape, based on a model jointly developed by the GCMD and Boston Consulting Group (BCG).

The model illustrates this dynamic in its base scenario. With the Tier-2 penalty under the IMO Net-Zero Framework held at USD 380/tCO2e through 2050, methanol dual-fuel engines account for around 10% of fleet engine capacity in 2050, but methanol represents just 2% of fleet energy consumption. With conventional fuels remaining more economical under this regulatory regime, methanol dual-fuel vessels continue to operate on fuels cheaper than methanol (Figure 1).

A global carbon price of USD 700/tCO2e materially changes the transition

The base scenario demonstrates how fuel economics can limit uptake even when vessels have the capacity to use new fuels. This picture changes if the IMO Tier-2 penalty rises to USD 700/tCO2e by 2050, at which point new fuels, including dropins, reach approximately 61% of fleet energy consumption (Figure 1).

By contrast, EU regulations alone will not drive a marked global shift, as they cover only around 20% of international shipping’s energy demand.

Overall cost of using e-methanol and e-ammonia is near parity

While a stronger global carbon price can accelerate the shift towards new fuels, the model does not point to a clear cost winner between e-methanol and e-ammonia.

E-ammonia’s production cost advantage is largely offset by higher logistics costs arising from its toxicity, including specialised crew training, larger exclusion zones, and more complex bunkering. As a result, the overall cost (Figure 2) of using e-ammonia and e-methanol is near parity through to 2050.

Fig 2 Constituents of levelised cost of fuel use

Professor Lynn Loo, CEO of GCMD, said: “Many vessels ordered over the coming decade will still be operating in 2050. Shipowners are therefore making long-lived engine choices before the relative economics of future fuels are clear. 

“Our modelling puts into perspective just how difficult closing the cost gap between new and conventional fuels will be. The carbon price required to close this gap is substantial. And achieving it will be particularly challenging in today’s geopolitical environment. Understanding the signposts that could change these economics will be critical to the decisions the industry makes today.”

Anand Veeraraghavan, Managing Director & Senior Partner at BCG, said: “The maritime fuel transition is being shaped as much by policy and cost uncertainty as by technology readiness. 

“Rather than offer a single prediction, our approach with GCMD maps how sensitive each fuel pathway’s competitive position is to a handful of critical variables — policy scenarios, key cost drivers, and potential restrictions. Our hope is that this gives shipowners, fuel suppliers, port operators, and infrastructure investors a practical tool to stress-test their own fuel strategies as conditions change.”

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 18 September, 2026

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