LNG Bunkering

SMW 2019: DNV GL and Keppel O&M sign LNG bunker agreement

As the first delivery in the agreement, DNV GL will issue AiP certificates for two LNG bunker vessel designs.

Published

7 years ago

April 12, 2019

Admin

Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), on Friday (12 April) announced they have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel.

The agreement covers potential newbuilding projects including LNG bunker vessels, small-scale LNG carriers and floating storage regasification units (FSRUs), as well as LNG related assets employing battery and hybrid technologies.

“The signing of this agreement signifies another milestone in the close partnership between DNV GL as the leading classification society for LNG ships and offshore assets, and Keppel Offshore & Marine, a world leader in conversion projects for Floating Storage Regasification Units (FSRU) and floating liquefied natural gas vessels (FLNGV) as well as for newbuilding of small-scale LNG carriers and LNG bunker vessels,” said Cristina Saenz de Santa Maria, DNV GL’s Regional Manager for South East Asia, Pacific and India.

Abu Bakar Mohd Nor, Managing Director of Keppel O&M for Gas and Specialised Vessels, said: “We are pleased to partner with DNV GL in developing a suite of LNG related vessels that are ready to meet the needs of the market as the adoption of LNG as ship fuel increases.”

“Working with DNV GL enables us to demonstrate the strength of our vessel designs and the viability of LNG for ship owners. We have a strong track record in delivering LNG solutions including the first FLNGV conversion as well as LNG fuelled vessels.”

As the first delivery in the agreement, DNV GL will issue Approval in Principle (AiP) certificates for two LNG bunker vessel designs from KMDTech:

a 7,500 cbm small-scale LNG carrier with bunkering capabilities and
a 7,500 cbm small-scale LNG carrier with bunkering capabilities and hybrid battery propulsion.

The LNG carriers are each designed to carry up to 7,500 cubic meters of LNG in Type C-tanks. An optimised deck arrangement for the modular LNG gas supply, filling and safety systems increases the cargo capacity and efficiency of the vessels. They are equipped with engines that can run on both diesel and LNG, and will also have a class notation for bunkering which enables the provision of LNG bunkering services if required.

In light of the upcoming IMO 2020 SOx regulations, LNG as marine fuel is viewed as one of the most viable options for deep-sea shipping. DNV GL’s Maritime Forecast to 2050, part of the research behind the DNV GL Energy Transition Outlook 2018, projects that more than 10 per cent of the world’s shipping fleet will be powered by LNG by 2030, compared to less than 0.3 per cent in 2019. The report anticipates that LNG powered vessels will make up 23 per cent of the world’s fleet by 2050.

In order to support this growth, an upgrade of LNG bunkering infrastructure is needed.

“One of the objectives of our collaboration with Keppel is to facilitate the increased supply of LNG bunkering infrastructure by being future ready through design approvals of different sizes of LNG bunker vessels, and LNG-related assets such as small-scale LNG carriers and FSRU,” said Johan Peter Tutturen, Business Director Gas Carriers in DNV GL.

The collaboration is also intended to further advance asset design by optimising machinery and systems configuration to increase fuel efficiency, using advance simulation tools such as DNV GL’s COSSMOS.

Additionally, the parties will work together to establish round table discussions involving all stakeholders in the LNG-as-fuel value chain, including gas and LNG bunker suppliers, designers, shipbuilders, shipowners and operators, in an effort to increase the uptake in demand for LNG bunkering in Singapore and beyond.

The design and engineering collaborative office will be located at KMDTech Singapore, with Keppel O&M’s yards to undertake the project execution.

Photo credit: DNV GL
Published: 12 April, 2019

LNG Bunkering

CCEC and CMA CGM form joint venture to build and operate LNG bunkering vessel

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel.

Published

1 day ago

June 16, 2026

Admin

Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going gas vessels, on Friday (12 June) announced the formation of a joint venture company with CMA CGM.

Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel.

The joint venture marks CCEC’s entry into the LNG bunkering segment, the company’s first vessel dedicated to marine fuel supply.

In connection with this transaction, the joint venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the construction of the vessel at a contract price of USD 82.8 million, with delivery expected in the third quarter of 2028.

Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.

In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel from the shipyard.

Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented: “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply.

“Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”

Christine Cabau, Executive Vice President Operations and Assets of CMA CGM, said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”

Photo credit: Scott Graham
Published: 16 June, 2026

Alternative Fuels

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

HSFO becomes cheaper than B100 in Rotterdam; Singapore’s B100 flips to premium over LSMGO; Rotterdam LBM discounts to LNG widen.

Published

1 day ago

June 16, 2026

Admin

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

HSFO becomes cheaper than B100 in Rotterdam
Singapore’s B100 flips to premium over LSMGO
Rotterdam LBM discounts to LNG widen

Brent’s price has slumped by $14.73/bbl ($108/mt) on the week after US President Donald Trump announced a preliminary peace deal with Iran yesterday. The sharp decline has dragged conventional fuel prices lower in both Rotterdam and Singapore.

Rotterdam’s B100 has shifted to a $14/mt premium over HSFO, from a $1/mt discount seen a week ago.

B100 discounts to VLSFO and LSMGO have narrowed by $54/mt and $89/mt to $50/mt and $343/mt, respectively.

In Singapore, B100 has shifted from a $79/mt discount to LSMGO to a $16/mt premium.

ENGINE on Fuel Switch Snapshot: Conventional fuels slump in major ports

Rotterdam’s liquefied biomethane (LBM) discounts to its LSMGO have narrowed by $21-28/mt in the past week, to $639-844/mt, depending on the LNG engine type.

Liquid fuels

Rotterdam’s HSFO (-$71/mt) and VLSFO (-$110/mt) prices have to some extent tracked a $14.73/bbl ($108/mt) drop in front-month ICE Brent futures. Its LSMGO benchmark has fallen by $145/mt, exceeding a $125/mt decline in front-month ICE low sulphur gasoil futures.

The port’s B100 price has dropped by $56/mt over the past week. Dutch ZRE A ticket prices have edged down by €2/mtCO2e to €108/mtCO2e.

Singapore’s conventional fuel prices have fallen by $112-167/mt, and its B100 price by $72/mt.

Liquid gases

Rotterdam’s LNG bunker prices have dropped by $77-83/mt in the past week, largely tracking a 12% decline in the front-month Dutch TTF Natural Gas contract.

Its LBM prices have fallen by $117-124/mt. LBM discounts to LNG have widened by $40-41/mt to $455-462/mt in the past week.

Singapore’s LNG prices have risen by $13-16/mt. The rises came amid spot market demand from India for fertiliser plants, power generation and households, noted ANZ Bank’s Daniel Hynes. Japan and South Korea tend to import more gas for power generation during their summer months, and China has been active in the market, Hynes said.

By Konica Bhatt

Photo credit and source: ENGINE
Published: 16 June, 2026

Bunker Fuel

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

4.55 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt recorded during the similar month in 2025, according to MPA data.

Published

2 days ago

June 15, 2026

Admin

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Sales of marine fuel at Singapore port dropped by 6.8% on year in May 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.55 million metric tonnes (mt) (exact 4,548,000 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt (4,878,100 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May (against on year) recorded respectively 1.79 million mt (-5.3% from 1.89 million mt), 2.29 million mt (-6.5% from 2.45 million mt), zero (-100% from 1,200 mt), 600 (35.2% from 1,700 mt) and zero (from zero).

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May, (against on year) recorded respectively 11,600 mt (-71.6% from 40,900 mt), 36,400 mt (-62.1% from 96,100 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 12,800 mt (+573.7% from 1,900 mt).

LNG and methanol sales were 70,300 mt (+56.2% from 45,000 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

Photo credit: Maritime and Port Authority of Singapore
Published: 15 June, 2026