Connect with us

Business

Debut interview: Marine Fuels Alliance to create bunker-charter, KYC, T&C standards as part of ‘ultimate goal’

Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.

Admin

Published

on

MFA MT

The establishment of bunker industry organisation Marine Fuels Alliance (MFA) reached a milestone in early October when it appointed its first Executive Officer, Anthony Mollet. Manifold Times took the opportunity to speak with Mollet, who shares the MFA’s raison d’etre and planned vision for the international marine fuels sector:

MT: What are your roles and the phases of development for MFA since its launch?

AM: Having been employed in October, my role is to construct the business and formulate the Management and Executive levels. An initial website (https://www.marinefuelsalliance.com) has been created and this will be developed into an online procurement portal.

Equally important is work in engaging with the myriad of stakeholders across the bunker industry. It is essential to gain maximum exposure and then endorsement of what we are aiming to do, in order to attract maximum supplier membership. The intention is to launch in Q1 2022. We are focussed on getting the infrastructure and foundations solid first.

We are targeting any organisation with any involvement in the bunker industry. We have several very productive ongoing dialogues with companies such as data providers, lawyers, insurers, manufacturers, fuel testing agencies and Port Authorities in some countries. They too are recognising the importance of raising standards and have suppliers operating to the highest levels of quality and risk control as possible in the ports.

The MFA will be as wide-reaching and engaging as possible. As an association, we are here to support the bunker industry and provide fresh ideas and approaches to help members compete.

MT: What is the MFA’s vision and how has it come into existence?

AM: The MFA’s vision statement is “To build a network of independent bunker suppliers powered by its members to enhance their capabilities and extend outreach to new markets and opportunities”.

The concept was born from conversations and analysis between a group of experienced bunker industry professionals over the last two years, all of whom recognise the perilous state many independent bunker suppliers find themselves in. Across every element of day-to-day business practice, it is essential to maintain the highest quality of operational performance and administrative management.

For small suppliers, the issues are their ability to promote themselves, raise their profile and gain new business and having access to the wide range of resources and products that are more readily available to their larger rivals.

MT: What is the value proposition for members and stakeholders?

AM: We recognise that access to areas such as legal advice, insurance policies, credit reports, financial risk management tools, I.T and new digital solutions, together with education and information about sustainable fuels, are often expensive and beyond the reach of a small supplier.

Equally, the services offered by these companies are not generally targeted to suppliers in remote locations or where there is little chance of gaining significant uptake and revenue. So, the intention is to create more resources through scale, to connect stakeholders in new ways to gain the much-needed access and support.

We have learned through dialogue that the need to standardise matters such as Terms & Conditions and the KYC process is vital. We are setting up protocols and processes to help this standardisation, with an ultimate goal to create an MFA bunker-charter or “kite-mark”.

A committee will be focussed on claims and claims management. There will be a credit and sanctions checking protocol. We are looking to create a set of Terms and Conditions that all members will uphold. The value therefore to the shipowner / bunker purchaser is a far greater level of assurance, reliability and repeatability of service provision by any MFA member they transact with.

We recognise the factors of fear and uncertainty for suppliers in countries where larger competitors are developing technology and adapting to new fuels more quickly. Volumes for supply will invariably reduce, yet for so many, their own investments in assets, cargoes and staffing have to be maintained.

MT: How will the MFA function and how is it funded?

AM: The initial Advisory Group of individuals and companies is being amalgamated into an Executive Management and then into sector-specific Executive Committees. The intention is to ensure bunker suppliers who become members have access to join and participate in these committees.

Paid Membership for online subscription will be from independent bunker suppliers. The MFA is a non-for-profit organisation and membership fees will be used not only to both maintain its own operation, but also to help fund attendance to networking events and customer visits. It is envisaged that MFA members will work together to promote the Alliance and use time on business travel to discuss its work and seek essential feedback from customers.

The fee structure is being finalised. We recognise we have to balance the cost versus value for members.

We are inviting other business to join as Partner Companies, those wishing to promote their company or specific products through the MFA online portal.

Shipowners, Operators and Charterers will be invited to join as Associate Members. We are already talking to a huge list of such companies, seeking endorsement and engagement with the MFA concept, to prove to suppliers the clear benefits of joining.

On each board will be at least:

  • 01 x Bunker Buyer (e.g., Ship owner / Operator / Charterer);
  • 02 x experts in the sector area;
  • 02 x bunker supplier members;
  • 01 x Management Executive and;
  • 01 x individual from a Partner Company.

Editor’s note: Readers interested in knowing more about the MFA and its future plans are welcomed to contact Anthony Mollet at: [email protected]

Related: Industry organisation Marine Fuel Alliance appoints new Executive Officer

 

Photo credit: Marine Fuels Alliance
Published: 23 November, 2021

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

Trending