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Interview: Hafnia shares IMO 2020 preparations, promotes transparency for bunkering operations

‘We support MFMs for bunker deliveries at Singapore and that goes for other tech as well; Hafnia is onboard any initiatives improving transparency in the bunker supply chain,’ says Bunker Manager.

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The following interview is part of pre-event coverage for the upcoming Singapore International Bunkering Conference and Exhibition (SIBCON) 2020, where Manifold Times is an official media partner:

 

Hafnia is one of the world’s leading oil product tanker owners and operators. The company provides transportation of oil and oil products to leading national and international oil companies, major chemical companies, as well as trading and utility companies. Hafnia operates a fleet of 178 vessels in pools and is a part of BW Group – an international shipping group that has worked in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production for over 80 years.

Hafnia Bunker Services, which operates within Hafnia, purchases bunkers for part of the BW Group fleet; the company also acts as brokers for its pool partners and third-party members in order to enjoy synergies associated with economies of scale for its alliance members.

 Manifold Times recently spent time with Kasper Sørensen, Bunker Manager at Hafnia, who shared with the Singapore bunker publication how Hafnia prepared for IMO, as well as his thoughts and actions in the face of other events in the past year.

 MT: What did Hafnia do to prepare for IMO 2020, and how has that preparation paid off to date?

We formed an internal IMO 2020 committee years before the event in order to prepare for the technical side of the transition. This committee was responsible for considering whether to adopt a scrubber based approach for compliance. We didn’t choose the scrubber route for various reasons and have been happy with that decision.

Our IMO 2020 committee also discussed what kind of problems one can expect with the new types of marine fuels. So far, the preparation has proven to be useful and has helped deal with most of the issues that have come up.

On the commercial side of the transition preparation, we had to ensure our terms and conditions were up to the standards required of our typical bunker contracts. We decided to formalise our strong relationships by establishing partnerships with bunker suppliers, which meant more term contracts. We believe this commercial strategy makes sense for both bunker suppliers and ourselves.

Another difficult task was managing expectations of all stakeholders, both on and off-shore, while also ensuring we were not underestimating the impact of the transition in Q4 2019. We had expected this period to be a squeeze both in terms of product but also for barges.

We also spent a long time vetting counterparties to ensure they had the size and firepower to withstand hits even if the market went against them. It is all fine and well having a lucrative contract, but it doesn’t make much sense if they go bust two months after IMO 2020.

 MT: Do you feel there is any difference between bunker procurement pre and post-IMO 2020? In what ways?

On the technical side, bunker buyers are now required to have an even deeper knowledge of the supply chain. We now need to understand different product characteristics for bunkers that have emerged around the market with IMO 2020 in order to make fully informed decisions.

The product we get from various suppliers and markets are not uniform, creating many different challenges. There is now a lot of focus on fuel handling. As a result, we have introduced certain restrictions on how much fuel our vessels can carry of any one batch at a given time as part of our risk management practises.

Further, we now, more than ever, have to consider prioritising quality over fuel prices. Just making buying decisions based purely on prices no longer makes much sense, as now we must also consider other factors such as quality and availability of product. It isn’t much use if you have a very good price but cannot use the product.

 MT: Were there any unexpected events (e.g. Covid-19, etc.) which affected the bunker buying process in 2020? How did Hafnia overcome associated challenges?

Of course, the coronavirus (Covid-19) was a big curveball in 2020. In terms of the bunker side of things, we capitalised on us being both a strong and reliable counterpart that have also liaised with other strong and reliable counterparties.

As such, we have the luxury of being able to choose counterparts from the top shelf – to fit our profile. During the IMO 2020 transition, we were an attractive counterpart because of our strong financial status and name, which was further bolstered by our strong 2020 results.

 MT: Have the commodity trading mishaps in Singapore affected the way Hafnia purchases bunkers and operate as a bunker broker? How so?

The case of Hin Leong and the other commodity trading firms just emphasises the importance of knowing who you are dealing with and having proper K.Y.C. (know your customer) and general terms and conditions.

 MT: Thoughts on mass flow meters and the installation of MFM onboard Hafnia tankers to measure fuel delivered at other ports?

We do not have plans to install MFMs onboard our tankers to measure fuel received during bunker deliveries.

We buy bunkers for more than 450 ships. In terms of volume, this means we purchase about 2.5 million metric tonnes of marine fuels a year, including for our third-party members. Out of the total amount, we lift between 30% to 40% of marine fuel from the port of Singapore.

Singapore is the only place that mandates the use of MFMs for bunker deliveries. We are a strong supporter of this. We also encourage any other new technologies that improve the transparency in the supply chain.

 MT: What do you think is the next big thing that will happen in the Singapore or global bunkering sector?

We think there will be further consolidation on both sides of the table for bunker suppliers and buyers, and we are playing an active role in this via our Bunker Alliance.

We also expect more new fuels to materialise and, hopefully, more transparency through digitalisation efforts and other technology initiatives that improve the performance of the industry and its procedures.

As a company purchasing bunkers, we are keen to see and support any activity that promotes transparency in the industry.

 

Photo credit: Hafnia
Published: 2 October, 2020

 

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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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