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Consort Bunkers receives “Pearl Khaoyai”, prepares for IMO 2030/2050 with IMO Type 2 bunker tanker orders

Enters newbuilding order in early April for six 6,500 dwt IMO Type 2 bunker tankers capable of delivering conventional marine fuels as well as sustainable green fuels including biofuel and methanol.

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Pearl Khaoyai 1

Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd on Tuesday (18 April) took delivery of Pearl Khaoyai at Penglai Zhongbai Jinglu Ship Industry Co., Ltd. (Jinglu shipyard) in Shangdong province, China.

The Singapore-flagged 7,999 dwt bunker tanker is the third of seven ‘K’ series newbuild bunker tankers ordered by the company in 2020 and will be supporting marine refuelling operations of Maersk Oil Trading, Mr SK Yeo, Founder of Consort Bunkers, told Manifold Times.

“The last of our ‘K’ series bunker tankers will be upgraded to become an IMO Type 2 chemical tanker for future-proof bunkering operations involving traditional marine fuels and their green alternatives including biofuel and methanol,” shared Mr Yeo.

“We are expecting delivery of this vessel in the first quarter of 2024; Consort Bunkers will be amongst the first Singapore bunker suppliers to operate a newbuild IMO Type 2 bunker tanker for local marine fuel deliveries when this happens.”

Pearl Khaoyai 2

On the occasion, Mr Yeo said Consort Bunkers also placed a newbuilding order at China Merchants Jinling Shipyard (Nanjing) Co., Ltd. in early April for six 6,500 dwt IMO Type 2 bunker tankers as part of Consort Bunkers’ fleet renewal programme.

The 6,500 dwt newbuilds are also capable of delivering a wide variety of conventional marine fuels as well as sustainable green fuels including biofuel and methanol.

“These six vessels represent our ‘L’ series of bunker tankers that will commence delivery from 2024 to 2025,” he said while stating the latest orders for upgraded IMO Type 2 bunker tankers as necessary for supporting bunkering operations coming IMO 2030.

“Biofuel and methanol – forecasted as amongst likely candidates to assist the shipping industry’s decarbonisation drive towards IMO 2030/2050 – are considered chemicals and have to be transported by chemical tankers outfitted with either stainless steel or coated piping, coated tanks and other features due to safety regulations.

“The decision to support shipping’s decarbonisation led to the construction for a new breed of marine refuelling ships at the Jinling shipyard; it is also aligned with the Maritime Singapore Decarbonisation Blueprint published by the MPA (Maritime and Port Authority of Singapore) last year.

“We also note of the MPA introducing a provisional national standard on specifications of marine biofuel (WA 2:2022) which we took into consideration when committing to the latest IMO Type 2 bunker tanker order.”

Moving forward, Mr Yeo shared of Consort Bunkers selling the 2018-built Pearl Mercury and 2019-built Pearl Majestic to respective European and Middle East buyers; both 8,000 dwt vessels are part of seven ‘M’ series sisterships ordered from a Chinese yard in 2016.

“From 2016 to date [in 2023], construction costs for newbuild bunker tankers capable of carrying convention bunker fuels has appreciated between 30-40%,” observed Mr Yeo.

“Our latest exercise [of ‘L’ series newbuilding orders] has shown a further 15-20% premium in construction costs when factoring in current prices of conventional bunker tankers against the new breed of IMO Type 2 marine fuel delivery vessels.”

Consort Bunkers was ranked 18th on MPA’s list of all bunker suppliers ranked by volume in 2022 (versus 20th in 2021).

Related: Singapore: Consort Bunkers welcomes first of seven 7,999 dwt ‘K’ series newbuild bunker tankers to bunkering fleet
RelatedConsort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China
RelatedConsort Bunkers takes productivity to new levels with latest fleet expansion
Related: MPA blueprint prepares marine fuels sector for multi-fuel bunkering transition
Related: Singapore: MPA maritime decarbonisation blueprint sets target for bunkering sector
Related: MPA: Singapore bunker tanker fleet expected to run on net zero fuels by 2050
Related: Singapore: MPA develops framework to support biofuel bunker fuel deliveries
Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2022

Photo credit: Consort Bunkers
Published: 20 April, 2023

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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.

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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

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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.

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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

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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.

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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

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