Connect with us

Alternative Fuels

DNV upgrades AFI platform with new bunker fuel types and improved price monitoring

Range of fuel types featured on the platform has been expanded to include detailed insights for methanol, ammonia, hydrogen and LPG in addition to the existing data on LNG, batteries and scrubbers.

Admin

Published

on

108

Classification society DNV on Tuesday (28 March) said it has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelerate the decarbonization of shipping. 

The upgrade includes the addition of new fuel types, improved fuel price monitoring supported by Argus, and a crowdsourcing feature to gain input from its users.

“Our recent upgrade of the AFI platform is intended to promote cross-industry collaboration and provide greater visibility on alternative fuel uptake. Our aim is to facilitate business decision-making that will support our customers and the industry on the journey towards zero-carbon shipping,” Kristian Hammer, Senior Consultant in DNV’s Maritime Advisory business, said. 

The AFI platform allows maritime stakeholders to evaluate and analyse uptake of alternative fuels and technologies for ships and bunkering facilities through the use of data visualization tools. The platform displays alternative fuels usage trends, including the number of vessels in operation, on order or contracted using said fuels. Overview and information on bunkering infrastructure and as data insights into the various fuel technologies are also available.

 “Comprehensive and up to date information on the entire value chain is necessary to support investments by shipowners in alternative fuels and facilitate the development of bunkering infrastructure by fuel suppliers,” Hammer said.

Full spectrum of fuel data

The range of fuel types featuring on the platform has been expanded to include detailed insights for methanol, ammonia, hydrogen and LPG – in addition to the existing data on LNG, batteries and scrubbers – as these emerging low-carbon fuels gain traction to meet the IMO’s goal to cut CO2 emissions from shipping by 50% by 2050.

Through collaboration with Argus on marine fuel prices, AFI’s fuel price module has been enhanced to provide new information on alternative fuel prices on a weekly and monthly basis with regional and benchmarking for comparisons with conventional fuels. Among the price information, overview for selected biofuels, including bio-methanol as well as green ammonia can be found. 

“We are pleased to support DNV’s efforts to further enhance transparency for maritime stakeholders as they plan investments to manage the energy transition,” Adrian Binks, Argus Media chairman and chief executive, said.

“Argus is leading the way in assessing alternative marine fuels including marine biodiesel, LNG, methanol and ammonia. Our biofuel prices are widely adopted by market participants for use in their physical indexation and in financial benchmarks for risk management”.

Widening collaboration

Until now most of the information on the platform has been updated by DNV’s own team. However, by expanding the data provision and gradually increasing the scope of the data, the company sees the platform as a great enabler for industry collaboration. Through participating in crowdsourcing of information verified by DNV, contributing entities such as research institutes and universities will receive access to premium content on the AFI platform.

Mr Hammer concluded: “We are further opening up the platform because collaboration and data transparency are essential in achieving cleaner, green shipping. As a digital and structured framework for collaboration and data sharing, we believe AFI can help the industry work together and take informed decisions. As we say about collaboration here at DNV, it is the fuel of the future.”

About the Alternative Fuels Insight platform

With more than 12 000 users across the maritime industry, DNV’s Alternative Fuels Insight platform is here to help accelerate shipping’s transition to a cleaner, more sustainable future. Covering both alternative fuel technology for vessels and bunkering infrastructure, the platform provides a complete overview of the development and uptake of alternative fuels and technologies. The platform is open for everyone to access through DNV’s Veracity portal.

 

Photo credit: DNV
Published: 29 March, 2023

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
Advertisement

OUR INDUSTRY PARTNERS



Trending