LNG


Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. February 20, 2026
PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.
Celsius vessel. February 20, 2026
RMK Marine to equip Celsius LNG bunker vessel with gas combustion unit  

Turkish shipbuilder adds specialised equipment to support cool-down and gassing-up operations for LNG vessels.
CSL and CMA CGM contract signing. February 20, 2026
Cochin Shipyard signs contract with CMA CGM for six LNG-fuelled container vessels  

Indian shipbuilder to construct vessels for French shipping company.
FSRU vessel render. February 19, 2026
Bureau Veritas grants approval in principle for five Hudong-Zhonghua gas carrier designs  

Approvals cover LNG and ethane carriers, an FSRU, carbon capture readiness and 3D classification.
Aerial view of Zhejiang Xinle Shipbuilding shipyard facility. February 19, 2026
Wärtsilä Gas Solutions wins LNG systems order for two 20,000-cbm bunkering vessels  

Technology group’s systems will be installed on vessels being built at a Chinese shipyard for a Hong Kong owner.
M/T Aristotelis II vessel. February 18, 2026
Capital Ship Management takes delivery of LNG-ready VLCC from Chinese yard  

The 307,000-dwt Aristotelis II features energy-saving devices and scrubber technology.
IMO Technical Seminar on Marine Biofuels. February 17, 2026
IMO seminar examines biofuels’ role in maritime decarbonisation  

Event drew 700 in-person and virtual participants, with 1,300 more following the online broadcast.
Kota Odyssey vessel. February 16, 2026
PIL’s LNG-powered Kota Odyssey makes maiden call at Saudi Arabian port  

Container vessel marks first entry into the Red Sea with call at Red Sea Gateway Terminal.
BBG LNG storage at the Port of Bilbao. February 16, 2026
Bilbao LNG terminal secures sustainability certification for bio-LNG services  

Bahía de Bizkaia Gas facility gains ISCC certification, enabling renewable fuel traceability for marine bunkers.
Zhoushan waterfront at night. February 13, 2026
Zhoushan becomes world's third-largest bunker port  

Chinese refuelling hub overtakes Antwerp-Bruges and Fujairah to take third place in 2025.
Close-up of a vessel bow at port. February 13, 2026
Iberian Peninsula poised to overtake the Netherlands as Europe’s top LNG bunkering hub  

Spanish and Portuguese ports quadrupled ship-to-ship LNG supply in two years, data shows.
Bio-LNG bunkering infrastructure. February 13, 2026
Bahía de Bizkaia Gas launches bio-LNG loading service after ISCC certification  

Spanish regasification terminal begins offering renewable fuel loading for trucks and vessels in January 2026.
QRDI Grant Award event. February 12, 2026
CircleProcess Technologies wins Qatar grant for onboard LNG-to-hydrogen conversion project  

Project ReformLNG aims to convert LNG into hydrogen fuel and solid carbon onboard vessels.
Working meeting at the headquarters of Puertos del Estado. February 12, 2026
Spain nears completion of standardised LNG bunkering specifications framework  

Document aims to harmonise LNG and bioLNG supply procedures across Spanish port authorities.
YM Willpower vessel. February 12, 2026
Synergy Marine Group takes technical management of two Yang Ming LNG dual-fuel newbuilds  

Singapore-based ship manager assumes responsibility for 15,500-teu container vessels delivered from Hyundai Heavy Industries.
Aerial view of CIMC SOE shipyard facility. February 11, 2026
CIMC SOE secures orders for three LNG bunkering vessels  

Chinese shipbuilder adds two 20,000 cbm and one 18,900 cbm LNG bunkering vessels to order book.
Photograph of a red container vessel. February 11, 2026
ICS survey shows maritime leaders favour LNG as industry awaits IMO net-zero vote  

Barometer reveals strategic shift towards conservative fuel choices amid regulatory uncertainty over decarbonisation framework.
Carnot Engines founders and Petredec representative with engine prototype. February 11, 2026
Petredec invests in Carnot Engines to accelerate LPG-fuelled engine development  

Partnership aims to deploy high-efficiency engines across transport, maritime and power generation sectors.
Methanol ship-to-ship bunkering operation at anchorage in Yokohama. February 9, 2026
Japan completes first ship-to-ship methanol bunkering at anchorage in Yokohama  

Five-way partnership delivers methanol fuel transfer between vessels at Keihin Port using domestically produced biomethanol.
AiP award ceremony for cubic tank concept. February 9, 2026
Lloyd’s Register grants approval in principle to GTT’s CUBIQ LNG fuel tank design  

Classification society approves CUBIQ system designed to expand membrane-type LNG fuel tanks into commercial shipping.
PetroChina Petroineos Trading logo. February 9, 2026
PetroChina International seeks bunker trader for Rotterdam as it expands ARA marine fuel operations  

Chinese energy trader aims to boost alternative fuels portfolio and market share in Europe.
MyStar vessel truck-to-ship bunkering. February 9, 2026
Tallink Group moves towards 100% renewable fuel on Helsinki–Tallinn route  

Megastar and MyStar ferries to run entirely on liquefied biomethane supplied by Elenger.
Truck-to-ship LNG bunkering in Hammerfest. February 6, 2026
Barents NaturGass begins LNG bunkering operations for Havila Kystruten in Hammerfest  

Norwegian supplier completes first truck-to-ship operation using newly approved two-truck simultaneous bunkering design.
Sakura Leader vessel. February 6, 2026
NYK signs long-term charter deals with Cheniere for new LNG carriers  

Japanese shipping company partners with Ocean Yield for vessels to be delivered from 2028.
Ocean Legacy vessel. February 6, 2026
Sallaum Lines takes delivery of LNG-powered container vessel MV Ocean Legacy  

Shipping company receives new dual-fuel vessel from Chinese shipyard as part of fleet modernisation programme.
Gas Utopia vessel alongside Oceanic Moon vessel. February 6, 2026
Rotterdam bio-LNG bunkering surges sixfold as alternative marine fuels gain traction  

Port handled 17,644 cbm of bio-LNG in 2025, while biomethanol volumes tripled year-on-year.
Bennett J. Pekkattil and Capt. Alok RC Sharma. February 5, 2026
TFG Marine calls for digital transformation to manage alternative fuel risks  

CFO says transparency and digital solutions are essential as the marine fuels sector faces volatility from diversification.
Mugardos Energy Terminal. February 5, 2026
Reganosa’s Mugardos terminal adds bio-LNG bunkering for ships and trucks  

Spanish facility obtains EU sustainability certification to supply renewable fuel with 92% lower emissions.
AiP award ceremony for 20K LNGBV design. February 4, 2026
HD Hyundai Heavy Industries receives design approval for 20,000-cbm LNG bunkering vessel  

Bureau Veritas grants approval in principle following joint development project with South Korean shipbuilder.
Current status of fleet fuel types chart. February 4, 2026
LNG-fuelled container ships dominate January alternative-fuel vessel orders  

Container ships accounted for 16 of 20 alternative-fuelled vessels ordered in January, DNV reports.
Viking Grace vessel. February 4, 2026
Viking Line secures biogas supply for 2026 after tenfold increase in biofuel use  

Åland-based ferry operator aims to maintain 50% biogas blend throughout the year on two vessels.
GNV Aurora vessel. February 4, 2026
GNV takes delivery of second LNG-powered vessel Aurora from Chinese shipyard  

Vessel to enter service on Genoa–Palermo route in April, completing first fleet renewal phase.
CO2 carrier vessel aerial view. February 3, 2026
MOL secures two 12,000-cbm CO2 carriers for Northern Lights expansion  

Japanese shipowner to deliver vessels in 2028 for cross-border carbon transport and storage project.
MOL and ONGC VLEC long-term charter signing. February 3, 2026
MOL and ONGC sign 15-year charter deal for two ethane carriers  

Japanese shipowner expands fleet to 16 vessels with newbuildings scheduled for delivery in 2028.
Photograph of a blue cargo vessel. February 2, 2026
Lloyd’s Register publishes first guidance notes for onboard hydrogen generation systems  

Classification society addresses regulatory gap as shipowners explore producing hydrogen from alternative fuels onboard.
Oil refinery infrastructure. February 2, 2026
Maritime industry shifts towards LNG as alternative fuel enthusiasm stalls  

Geopolitical concerns drive shipping leaders to prioritise established fuels over newer alternatives, survey finds.
Jiangnan Shipyard LNG carrier construction contract signing. February 2, 2026
Jiangnan Shipyard secures order for four LNG carriers from Shell  

Chinese yard to build 175,000-cbm vessels for delivery between 2028 and 2029.
Valenciaport and Port of Santos MoU signing. January 30, 2026
Valencia and Santos ports establish green corridor to decarbonise transatlantic trade  

Ports sign agreement to promote low-emission fuels and shore power on Europe–South America route.
Green Pearl vessel. January 30, 2026
Green Pearl LNG bunkering vessel enters service in Genoa  

The 7,500-cbm dual-fuel vessel will provide ship-to-ship and ship-to-truck LNG supply services.
Haugesund Knutsen vessel. January 30, 2026
Barcelona reports 3% rise in LNG bunkering volumes for 2025  

Port says it needs additional suppliers and barges so that bunkering volumes continue to increase.
Isla Bella vessel. January 30, 2026
Galveston LNG Bunker Port signs vessel partnership with TOTE Services  

Agreement establishes framework for Jones Act LNG bunker vessel development on the US Gulf Coast.
Lake Villarica vessel. January 30, 2026
Eastern Pacific Shipping completes 550th ship-to-ship LNG bunkering operation  

Singapore operation supplied LNG to dual-fuel PCTC Lake Villarica via FueLNG Bellina bunker vessel.
Ultramax bulk carrier concept render. January 29, 2026
Oshima Shipbuilding receives approval for multi-fuel-ready Ultramax bulk carrier design  

Lloyd’s Register grants approval in principle for 64,000-dwt vessel concept accommodating ammonia, methanol and LNG.
Skarv Shipping cargo vessel render. January 28, 2026
Wärtsilä to supply ammonia engine for Skarv Shipping newbuild in China  

Norwegian operator’s vessel will be the first newbuild to use Wärtsilä 25 Ammonia solution.
NOCC Adriatic vessel. January 27, 2026
CIMC Raffles delivers 7,000-car LNG-fuelled carrier 70 days ahead of schedule  

Norwegian Car Carriers takes delivery of dual-fuel PCTC NOCC Adriatic from Chinese shipyard.
Keel-laying ceremony of a 155,500-dwt LNG dual-fuel crude oil tanker with builder's hull no. 0330005. January 27, 2026
Keel laid for 298,000-dwt LNG dual-fuel VLCC  

Construction begins on crude oil tanker for Andes Tankers I Inc.
VPS: 2025 Marine Fuel Review. January 26, 2026
2025 Marine Fuel Review | Steve Bee, VPS  

VPS Group Marketing & Strategic Projects Director analyses fuel quality data from the past year.
Port of Barcelona. January 26, 2026
Spanish ports see fourfold increase in LNG bunkering volumes over two years  

Renewable bio-LNG accounted for 12% of marine fuel supplied in 2025, Gasnam data shows.
ICS Deck Procedures Guide cover. January 26, 2026
ICS releases deck procedures guide covering alternative fuel bunkering  

Publication completes trilogy of operational guides alongside bridge and engine room resources.
MT SPA vessel. January 26, 2026
Union Maritime takes delivery of world’s first LNG- and wind-powered LR2 tanker  

MT SPA features dual-fuel capability and WindWings technology, with second sister vessel on order.
Methanol bunkering operation at Yantian Port. January 23, 2026
Wah Kwong adds China’s first dual-fuel methanol bunkering vessel to managed fleet  

Da Qing 268 completed maiden operation at Shenzhen’s Yantian Port on 21 January.
Wind-assisted LNG carrier AIP certification ceremony. January 22, 2026
Dalian Shipbuilding's wind-assisted LNG carrier design receives Bureau Veritas approval  

Design combines dual-fuel propulsion with foldable wing sails to cut emissions by 2,900 tonnes annually.
PetroChina Petroineos Trading logo. January 21, 2026
PetroChina International seeks bunker trader for London or Rotterdam role  

Company aims to expand sustainable marine fuel portfolio and strengthen ARA region presence.
Photograph of a blue cargo vessel. January 20, 2026
LNG-fuelled ships account for 79% of alternative fuel orders in 2025, SEA-LNG reports  

Industry coalition highlights decade of progress and over $150bn investment in methane-based marine fuels.
LNG carrier render. January 20, 2026
Jiangnan Shipyard secures orders for 16 vessels across three deals in January  

Chinese yard signs contracts for ammonia carriers, LNG carriers, and container ships with EPS and Cosco.
Steel cutting ceremony of a 298,000-dwt LNG dual-fuel crude oil tanker with builder's hull no. 0330006. January 19, 2026
Steel cutting begins on 298,000-dwt LNG dual-fuel VLCC  

Chinese yard commences construction on sixth vessel in series for Andes Tankers II with DNV class oversight.
VaroPreem logo. January 19, 2026
Varo completes Preem acquisition to form VaroPreem with 530 kbd refining capacity  

Deal combines the inland and marine bunkering capabilities of Reinplus Fiwado and Preem.
Ship at sea. January 19, 2026
Alternative fuel vessel orders maintain momentum despite softer 2025 market  

Lloyd's Register data shows 590 alternative-fuel vessels ordered in 2025, with LNG dominating.
Anglo-Eastern logo. January 16, 2026
Anglo-Eastern completes 200,000 cbm of LNG bunkering operations  

Ship manager has conducted over 70 LNG bunkering operations across Asia, Europe, and North America.
Marvel Swallow vessel. January 16, 2026
Wärtsilä signs 10-year lifecycle agreement with MOL for 12 LNG carriers  

Deal covers operational support and maintenance for vessels delivered in 2024 and 2025.
Undine Highway vessel. January 16, 2026
Imabari Shipbuilding delivers 7,000-unit LNG-fuelled car carrier  

Japanese shipbuilder hands over vessel claiming 25-30% CO₂ reduction versus conventional heavy oil-fuelled ships.
Navergy Infrastructure Partners logo. January 15, 2026
Pilot LNG rebrands to Navergy Infrastructure Partners as it expands beyond marine fuels  

Houston-based company changes name to reflect broader energy infrastructure ambitions and global expansion plans.
Maritime and Port Authority of Singapore logo. January 14, 2026
Singapore opens applications for additional LNG bunkering licences  

Maritime and Port Authority sets 27 March deadline for operators seeking new supply permits.
A cargo port in Singapore. January 14, 2026
Singapore reports record marine fuel sales and container throughput in 2025  

Port of Singapore handled 56.77 million tonnes of marine fuel, up 3.4% year-on-year.
Container terminal with stacked containers. January 14, 2026
Ports face 2030 deadline for shore power as only 20% of EU connections installed  

TT Club warns European ports lag behind on onshore power supply infrastructure ahead of mandatory 2030 regulations.
Uniper and AM Green agreement signing. January 14, 2026
Uniper signs deal for up to 500 kt/yr of renewable ammonia from AM Green  

Agreement marks first long-term RFNBO-certified renewable ammonia offtake deal for an Indian company.
Alternative marine fuels port graphic. January 13, 2026
LNG-fuelled boxships sustain alternative fuel orderbook share despite market slowdown  

Alternative fuels maintained 38% of gross tonnage orders in 2025, driven by container segment.
Container vessel manoeuvring in port. January 12, 2026
Has Zhoushan just become the world's third-largest bunker port?  

With 2025 sales of 8.03m tonnes for the Chinese port, Q4 data for Antwerp-Bruges will decide which location takes third place.
Bureau Veritas and Straits Bio-LNG sign MoU. January 8, 2026
BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.
Molgas Energy logo. January 8, 2026
Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.
Vox Apolonia vessel. January 7, 2026
Van Oord completes Dutch beach replenishment using 100% bio-LNG  

Dredger Vox Apolonia deposited 1 million cbm of sand at Noord-Beveland beach under Coastline Care programme.
Delivery ceremony of the Ocean Explorer vessel. January 7, 2026
Sallaum Lines takes delivery of LNG-fuelled car carrier MV Ocean Explorer  

The 200-metre vessel was built by Fujian Mawei Shipbuilding with dual-fuel propulsion systems.
Steel cutting ceremony of a 155,500-dwt LNG dual-fuel crude oil tanker with builder's hull no. 0315848. January 2, 2026
Steel cutting begins on LNG dual-fuel Aframax tanker  

Chinese yard cuts steel for 155,500-dwt crude carrier.
Steel cutting ceremony of a 8400-teu LNG dual-fuel container vessel with builder's hull no. 0208111. January 2, 2026
Steel cutting begins on 8,400-teu LNG dual-fuel container vessel  

Chinese yard commences construction on LNG-powered container ship with Lloyd's Register oversight.
Keel-laying ceremony of a 155,500-dwt LNG dual-fuel crude oil tanker with builder's hull no. 0315871. January 2, 2026
Keel laid for LNG dual-fuel crude oil tanker in China  

Ceremony held on 23 December for LNG-capable tanker under Lloyd’s Register class.
Keel-laying ceremony of a 155,500-dwt LNG dual-fuel crude oil tanker with builder’s hull no. 0315844. January 2, 2026
Keel laid for 155,500-dwt LNG dual-fuel crude oil tanker  

Chinese shipyard begins construction on Suezmax tanker, with Maran and ABS staff in attendance.
Steel cutting ceremony for CMA CGM’s 8,400-teu LNG dual-fuel container vessel. December 31, 2025
New Times Shipbuilding begins steel cutting on 8,400-teu LNG dual-fuel boxship  

Chinese shipyard begins construction on vessel for CMA CGM with Lloyd's Register classification oversight.
WinGD LNG dual-fuel engine with personnel wearing safety helmets. December 30, 2025
WinGD promotes variable compression ratio retrofits for existing LNG dual-fuel engines  

Engine designer claims technology can reduce emissions and methane slip ahead of 2030 targets.
HiMSEN H32CDF-LA engine classification approval test. December 22, 2025
HHI-EMD secures type approval for 5.4MW ammonia engine  

Lloyd's Register approves H32CDF-LA dual-fuel engine following three-day testing programme in Korea.
Atticus vessel. December 19, 2025
Global Fuel Supply acquires first bunker tanker  

Company transitions from chartering vessels to ship ownership with asset to be renamed MV Blue Alliance.
ClassNK AiP handover ceremony for bulk carrier design. December 18, 2025
ClassNK grants approval for multi-fuel ready bulk carrier design by Oshima Shipbuilding  

Vessel design accommodates future conversion to ammonia, methanol, or LNG with carbon capture capability.
21,700-teu vessel render. December 17, 2025
DNV approves 21,700-teu container ship design with ammonia fuel capability  

Design by Zhoushan Changhong and CIMC ORIC can accommodate LNG or ammonia propulsion systems.
Peter Keller, SEA-LNG. December 16, 2025
UK P&I Club joins SEA-LNG coalition to support LNG marine fuel adoption  

Insurer brings 50 years of LNG experience to methane pathway coalition focused on maritime decarbonisation.
FCM LNG fuel supply system render. December 16, 2025
Alfa Laval launches LNG fuel supply system with cryogenic technology  

Swedish firm unveils FCM LNG system for LNG-powered vessels, with marine deliveries planned for 2027.
Iona vessel. December 16, 2025
Lloyd's Register completes Europe's first major LNG cruise ship dry docks with Carnival  

Iona and Mardi Gras projects required 18 months of planning and in-service passenger inspections.
United LNG I vessel. December 15, 2025
Somtrans christens 8,000-cbm LNG bunker barge for Belgian and Dutch ports  

United LNG I designed for inland waterways and coastal operations up to Zeebrugge.
ABS, Eneos, NYK Line and Seacor Holdings logos side by side. December 15, 2025
Four companies launch study for US methanol bunkering network  

ABS, Eneos, NYK Line, and Seacor to develop ship-to-ship methanol supply operations on Gulf Coast.
Chicago Express vessel. December 15, 2025
Hapag-Lloyd orders eight methanol-powered container ships worth over $500m  

German carrier signs deal with CIMC Raffles for 4,500-teu vessels for 2028-29 delivery.
Global Ethanol Association (GEA) and Vale logo side by side. December 12, 2025
Vale joins Global Ethanol Association as founding member  

Brazilian mining company becomes founding member of association focused on ethanol use in maritime sector.
Laura Mærsk vessel. December 8, 2025
Maersk to trial 50% ethanol blend on dual-fuel methanol vessel  

Shipping line plans higher-ethanol-content tests following initial 10% blend trial on Laura Maersk.
SG Lagoon vessel. December 8, 2025
Japanese shipbuilder delivers LNG-fuelled Capesize bulk carrier  

Imabari Shipbuilding completes 209,000-dwt vessel with dual-fuel capability and enhanced environmental performance.
Kinetics and Amogy partnership agreement. December 5, 2025
Kinetics invests in Amogy to deploy ammonia power for floating infrastructure  

London-based Kinetics backs ammonia-to-power firm to develop zero-emission solutions for Powerships and data centres.
Event backdrop featuring the CHIMBUSCO name formed using multiple company logos. December 4, 2025
Chimbusco explores green marine fuel solutions at carbon neutrality forum  

Chimbusco discusses decarbonisation pathways and signs cooperation agreements with shipping and energy partners.
ClassNK AiP handover ceremony for spray insulation technology. December 3, 2025
ClassNK approves spray insulation system for LNG and ammonia fuel tanks  

Classification society grants AiP to Nihon Shipyard and Hankuk Carbon for Type B tank technology.
Everllence 35/44DF CD Type Approval Test (TAT). December 3, 2025
Everllence's 35/44DF CD GenSet secures 138 orders in seven months  

Engine manufacturer reports strong early demand since April type approval test completion.
Avenir LNG bunkering newbuildings financing announcement graphic. December 3, 2025
Avenir LNG secures $128 million financing for two LNG bunkering newbuilds  

Fearnley Securities acted as financial advisor on the pre- and post-delivery financing deal.
WinGD X-DF Dual-Fuel Engine illustration. December 3, 2025
WinGD launches high-pressure LNG dual-fuel engine for container ships  

Swiss engine designer targets ultra-large container vessel market with 2028 delivery plans.
LCO₂ carrier vessel render. December 2, 2025
Seven Japanese maritime firms sign MoU on standard design framework for LCO₂ carriers  

Major shipping lines and shipbuilders to collaborate on decarbonisation vessel designs through the MILES platform.
Tallink’s MyStar vessel. December 1, 2025
Tallink's MyStar joins Gasum's FuelEU Maritime compliance pool using bio-LNG  

Nordic energy company Gasum signs pooling agreement with Elenger to generate compliance surplus.
Methane Abatement in Maritime Innovation Initiative (MAMII) speakers. December 1, 2025
Maritime coalition gathers in Brussels to advance methane measurement and abatement technologies  

MAMII convenes shipowners, engine makers, and policymakers to accelerate methane reduction from LNG-fueled vessels.
Seaboard Venture naming ceremony. December 1, 2025
Sanfu Shipbuilding delivers final 3,500 TEU dual-fuel container ship to US owner  

Taizhou-based shipyard completes first batch of LNG-powered vessels with "zero accidents, zero delays".
Jack Spyros Pringle, Lloyd’s Register. November 28, 2025
Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.
Xinfu124 ultra-large LNG carrier. November 28, 2025
Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.
Kota Orkid vessel during its maiden call at Singapore. November 26, 2025
PIL's LNG-fuelled Kota Orkid makes maiden call at Singapore  

Pacific International Lines deploys 8,200 TEU vessel on South West Africa route.
WinGD and Panasia Frame Agreement Signing. November 26, 2025
WinGD and Panasia partner on emissions upgrades for dual-fuel LNG engines  

Swiss engine designer signs frame agreement with Korean firm to retrofit X-DF engines.
Baleària’s Cap de Barbaria vessel. November 26, 2025
Baleària to trial methanol-to-hydrogen system on electric ferry  

Spanish operator to test e-methanol reforming technology on Ibiza-Formentera route.
HMM Clover Naming Ceremony. November 26, 2025
HMM names second methanol-powered containership in 9,000 TEU series  

South Korean carrier adds HMM Clover to fleet of alternative fuel vessels.
Markus Virtasalo, ABB. November 26, 2025
Covering the distance to shipping’s nuclear opportunities | ABB  

The number of stakeholders engaging with nuclear ship propulsion in 2025 indicates that the maritime industry is eager to expand its options on net zero emissions.
Hai Gang Wei Lai vessel. November 25, 2025
SIPG orders Wärtsilä systems for new LNG bunker vessel  

Shanghai International Port Group orders integrated cargo handling and fuel systems from Wärtsilä.
Eagle Vellore vessel. November 25, 2025
MISC orders two LNG dual-fuel Suezmax tankers as part of fleet renewal  

Malaysian shipowner expands dual-fuel fleet with newbuilds backed by long-term charters.
HMM container ship. November 25, 2025
HD Hyundai secures $1.46bn order for eight LNG dual-fuel container ships  

South Korean shipbuilder reports highest container ship order volume since 2007 supercycle.
Egypt's Ministry of Petroleum and Mineral Resources and Suez Canal Authority MOU Signing Ceremony. November 25, 2025
Egypt's petroleum ministry and Suez Canal Authority sign MOU for LNG bunkering facility  

Ministry and canal authority to develop LNG supply station in Port Said.
Legend of the Seas main engine startup. November 24, 2025
Meyer Turku starts first main engine on Legend of the Seas cruise ship  

Finnish shipbuilder fires up Wärtsilä engine ahead of 2025 Royal Caribbean delivery.
Benny Hilström, WinGD. November 21, 2025
Where next for LNG fuel after IMO carbon pricing pause?  

WinGD’s Benny Hilström examines what lies ahead for LNG as a marine fuel.
November 20, 2025
Petrobras Global Trading seeks bunker trader for Rotterdam operations  

Brazilian energy company's Dutch subsidiary advertises role focusing on marine fuel sales in Brazil.
Tristar Eco Voyager vessel. November 20, 2025
TotalEnergies charters hybrid lubricants bunkering barge for Fujairah operations  

Tristar-owned vessel combines electric and biofuel power to reduce emissions by up to 35%.
Naming ceremony of NOCC Pacific. November 20, 2025
Norwegian Car Carriers' LNG dual-fuel, ammonia-ready PCTC is named  

NOCC Pacific has received DNV's 'Ammonia-ready' notation, preparing it for the use of lower-carbon fuels.
Coral Energy vessel. November 18, 2025
Gasum publishes daily price for FuelEU Maritime compliance units  

Nordic energy company aims to enhance transparency in the evolving regulation compliance market.
Singapore Port viewed from The Pinnacle@Duxton. November 14, 2025
Singapore marine fuel sales dip 1.2% in October  

First YoY decline since February as sales of best-selling product fall despite bunker calls rising to second-highest level in port's history.
CMA CGM Salamanque vessel alongside Edison's Ravenna Knutsen vessel. November 13, 2025
CMA CGM and Edison complete Italy's first STS LNG bunkering for a boxship  

Ship-to-ship operation marks the first time LNG has been delivered to a container vessel in the Adriatic.
Simona Toma, Columbia Group. November 13, 2025
Columbia Group prioritizes LNG training to build seafarer competence  

Ship manager says LNG knowledge will form the foundation for working safely with future fuels.
AET and Samsung Heavy Industries logo side by side. November 11, 2025
AET orders two LNG dual-fuel Suezmax tankers from Samsung Heavy Industries  

Singapore-based tanker operator to expand dual-fuel fleet with vessels featuring advanced efficiency and emissions reduction technologies.
Grupo Ibaizabal vessel render. November 11, 2025
NextDF engines achieve 0.9% methane slip for Ibaizabal's LNG bunkering vessel  

Factory tests show methane emissions far below FuelEU Maritime threshold on newbuild.
Steve Esau, Sea-LNG. November 10, 2025
Sea-LNG welcomes EU transport plan's recognition of methane decarbonisation pathway  

Industry coalition says STIP validates investments in LNG, bio-methane, and e-methane for shipping.
Methanol bunkering training simulator. November 10, 2025
Anglo-Eastern launches methanol bunkering simulator with Wärtsilä for seafarer training  

Ship manager introduces simulator and courses to train crew in safe handling of methanol fuel.
Niclas Mårtensson, CEO of Stena Line. November 4, 2025
Stena Line to acquire Wasaline ferry operations in Baltic Sea expansion  

Swedish ferry operator signs deal to take over Umeå–Vaasa route with bio-LNG-powered vessel.
NYK Line’s Padma Leader vessel. November 3, 2025
Imabari Shipbuilding delivers LNG-fuelled car carrier to NYK Line  

Padma Leader expected to achieve up to 30% CO2 reduction through dual-fuel propulsion and exhaust gas recirculation.
Tallink’s MyStar vessel. October 31, 2025
Tallink targets full bio-LNG transition for Baltic shuttle vessels within a year  

Estonian ferry operator aims to replace all fossil LNG with renewable fuel on the Helsinki-Tallinn route.
BPCL and Cochin Port sign MoU. October 31, 2025
BPCL and Cochin Port sign MoU for LNG bunkering facilities  

Indian oil company and port authority agree to develop LNG refuelling infrastructure for vessels.
Contract signing ceremony. October 30, 2025
Yang Ming finalizes contracts for six methanol dual-fuel-ready boxships  

Taiwanese carrier signs deals with Japanese shipbuilders for vessels scheduled for delivery from 2028.
Naming ceremony of Wilhelmshaven Express. October 29, 2025
Hapag-Lloyd completes newbuild programme with delivery of dual-fuel vessel  

German carrier christens Wilhelmshaven Express, marking completion of 12-vessel Hamburg Express class series.
Adani Ports and BPCL sign MoU. October 28, 2025
MoU signed to develop LNG bunkering facility at Vizhinjam  

Partnership aims to establish LNG refuelling hub for international vessels at Kerala.
ABS and KRISO sign MoU. October 28, 2025
ABS partners with KRISO to develop small modular reactors for marine applications  

Classification society and Korean research institute sign MoU to advance nuclear technology for ships and offshore platforms.
Steel cutting ceremony for Avenir LNG’s next 20,000 cbm LNG bunkering vessel. October 27, 2025
Avenir LNG begins construction of second 20,000 cbm bunkering vessel in China  

Steel cutting ceremony marks start of construction for Hull S1124 at Nantong CIMC facility.
LNG facility at Vestbase in Kristiansund. October 24, 2025
Molgas and NorSea Logistics reopen LNG facility in Kristiansund  

The reopened facility will supply LNG and bio-LNG to dual-fuel vessels operating in Norwegian waters.
Elenger Marine's LNG bunkering vessel Optimus alongside Brittany Ferries’ Saint-Malo. October 24, 2025
Titan delivers first liquefied biomethane to Saint-Malo ferry in Portsmouth  

Optimus tanker supplies Brittany Ferries' vessel with biomethane at UK port.
Gasum's LNG bunkering vessel Coralius. October 23, 2025
Gasum highlights how bio-LNG fleet generates compliance surplus  

Energy firm's four gas-powered vessels generate regulatory surplus for pooling service participants.
Seaspan Garibaldi vessel. October 22, 2025
Anew Climate and Seaspan Energy complete first bio-LNG STS loading in Long Beach  

Companies demonstrate renewable marine fuel delivery following strategic partnership announcement last month.
HMM VLCC Universal Leader. October 17, 2025
HMM orders 12 LNG dual-fuel containerships  

13,000 TEU sister ships to be built to run on liquefied natural gas.
CMA CGM Syracuse. October 17, 2025
CMA CGM adds LNG-powered Syracuse vessel to fleet under French flag  

Container ship to operate Pearl River Express service connecting Asia and US West Coast.
Rob Mortimer, CEO of FuelRe4m. October 17, 2025
Fuelre4m CEO warns shipping industry that LNG is "false transition model"  

Maritime fuel optimization company claims LNG benefits commercial interests rather than climate goals.
Disney Destiny delivery ceremony. October 16, 2025
Disney takes delivery of LNG-fuelled cruise ship  

German shipbuilder hands over sixth vessel built for Disney in long-running partnership.
TEN-OH Japan's first hydrogen dual-fuelled tug. October 16, 2025
Tsuneishi delivers Japan's first hydrogen dual-fuelled tug  

TEN-OH tugboat features hydrogen-powered engines and can operate on conventional marine fuel as backup.
Render of Peninsula Maritime Simulation Suite. October 16, 2025
Peninsula funds maritime simulation suite at University of Gibraltar  

Bunker supplier creates high-tech training facility to support cadet education and professional development.
Orchid Leader dual-fuel car carrier at Fuzhou Port. October 15, 2025
Ship deployed for new Middle East route is largest dual-fuel car carrier to berth at Fuzhou  

New service cuts logistics time by 50% for Chinese auto exports to Middle East.
CMA CGM LNG-powered containership illustration. October 15, 2025
CMA CGM signs letter of intent for six LNG-powered containerships from Indian shipyard  

French shipping group becomes first international carrier to order LNG vessels from India.
LNG carrier Coral Energy. October 15, 2025
Klaipėda LNG terminal completes Baltic's first virtual biomethane liquefaction  

Operation involved bio-LNG being loaded onto gas carrier with virtual biomethane liquefaction at terminal.
OCI Global and Victrol MoU signing. October 15, 2025
OCI Global and Victrol partner to develop ammonia bunkering supply chain in Netherlands and Belgium  

Companies sign MoU to create end-to-end clean ammonia fuel infrastructure across Benelux ports.
Container ship UNI-ASSURE Panama. October 14, 2025
Green fuel producers urge IMO to adopt Net-Zero Framework with e-fuel incentives  

Twenty companies call for policy certainty ahead of extraordinary IMO session this week.
Rendering of LNG bunkering vessel Avenir TBN. October 9, 2025
ExxonMobil enters LNG bunkering with two vessels planned for 2027  

Energy company to charter vessels from Avenir LNG and Evalend Shipping for marine fuel operations.
Wallenius Sol vessel Botnia Enabler. October 9, 2025
Wallenius Sol joins Gasum's FuelEU Maritime compliance pool as bio-LNG generator  

Partnership aims to help shipping companies meet EU carbon intensity requirements through bio-LNG pooling.
IAPH Clean Marine Fuels Working Group. October 9, 2025
IAPH launches products portal with ammonia bunker safety checklist  

Port association releases industry-first ammonia fuel checklist alongside updated tools for alternative marine fuels.
Illustration of methanol chemical container in front of a cargo ship. October 9, 2025
BIMCO adopts methanol bunkering annex with sustainability and safety provisions  

New contractual framework addresses GHG intensity limits and toxic handling procedures for methanol marine fuel.
Molgas begins bio-LNG bunkering operations at Port of Le Havre. October 9, 2025
Molgas begins bio-LNG bunkering operations at Le Havre  

Energy supplier secures long-term permit for operations at France's top container port.
Stream Marine Training logo. October 9, 2025
Stream Marine Training calls for fuel-specific safety standards  

Maritime training provider says generic alternative fuel guidelines are insufficient for crew safety.
Nacho de Miguel – Head of Alternative Fuels & Sustainability. October 8, 2025
Peninsula executive to speak at Americas LNG Summit panel on bunkering trends  

Nacho de Miguel will discuss global LNG bunkering developments at October conference in Louisiana.
Gasum’s LNG bunkering vessel Coralius. October 8, 2025
Gasum seeks sales manager for maritime LNG and LBG operations in Hamburg  

Nordic energy company recruits for German office to expand sustainable marine fuel business.
SEA-LNG highlights emissions reductions in LNG-powered shipping. October 8, 2025
SEA-LNG claims LNG emissions cuts ahead of IMO meeting  

Coalition says methane slip reductions and biomethane growth support decarbonisation pathway.
InfraVia, Titan Energy Holding and Molgas Energy Logo side by side. October 8, 2025
Molgas completes acquisition of Titan Clean Fuels to create European LNG bunkering network  

Deal creates fleet of seven LNG bunkering vessels and network of supply locations.
Demonstration vessel REIMEI. October 7, 2025
Japanese consortium achieves 98% methane slip reduction in LNG vessel trials  

Mitsui O.S.K. Lines, Kanadevia, and Yanmar exceed target in onboard demonstration.
ClassNK Academy illustration. October 6, 2025
ClassNK partners with GTT Training to offer alternative fuels courses  

Japanese classification society partners with French technology group for LNG training programs.
Hanwha Ocean conducts world’s first ship-to-ship LNG transfer during sea trials. October 6, 2025
Hanwha Ocean claims world's first ship-to-ship LNG transfer during sea trials  

South Korean shipbuilder says innovation reduces environmental impact and avoids terminal congestion delays.
Baleària vessel being bunkered by road tank wagon (RTW) October 3, 2025
Baleària switches three ferries to exclusive bio-LNG operation  

Spanish ferry operator uses renewable fuel on Barcelona-Alcudia-Ciutadella and Málaga-Melilla routes until December 2025.
Aerial view of ships next to seafarer. October 3, 2025
IMO issues training guidelines for seafarers on alternative fuels  

International Maritime Organization develops framework to prepare crews for energy transition.
MoU signing - ABB, Everllence and OceanWings. October 1, 2025
MoU signed to develop wind-assisted propulsion for LNGCs  

Three companies sign MoU to develop hybrid propulsion concept combining wingsails with variable-speed engines.
The Everllence B&W ME-GI engine. October 1, 2025
Everllence secures propulsion package order for five 8,400 TEU boxships  

Asian shipbuilder orders complete dual-fuel engine systems for newbuild container vessel series.
STS ammonia transfer from Berlian Ekuator to Eco Enchanted. September 25, 2025
NYK Line completes first ship-to-ship transfer of liquefied ammonia  

Japanese shipping firm transfers entire cargo off Spain's coast in collaboration with Trammo.
8,200 TEU LNG dual-fuel container vessel Kota Odyssey. September 25, 2025
PIL names first LNG dual-fuel container vessel in Ghana  

Kota Odyssey ceremony marks shipping line's commitment to West African operations.
Molgas multi-truck-to-ship LNG delivery to Ilma. September 22, 2025
Molgas completes first LNG delivery at Portugal's Leixões  

Energy firm establishes permanent LNG supply point at one of Portugal's busiest seaports.
CLSICO LNG carrier. September 22, 2025
Wärtsilä signs 15-year lifecycle agreement for three CLSICO LNG carriers  

Deal covers maintenance optimisation and operational reliability for Chinese shipping company's 174,000-cbm vessels.
Illustration of the Explora V, Explora Journeys' fifth ship. September 18, 2025
Destinations revealed for 2027 launch of LNG-powered Explora V  

Fifth vessel in Explora Journeys fleet to make calls in Mediterranean, then travel east to Red Sea and Arabian Peninsula.
Yang Ming and Hanwha Ocean contract signing ceremony. September 18, 2025
Yang Ming orders seven LNG dual-fuel container ships from Hanwha Ocean  

Taiwanese shipping line contracts Korean shipbuilder for 16,000 TEU vessels with ammonia-ready capability.
Coral Energy, part of Anthony Veder's LNG carrier fleet. September 18, 2025
Anthony Veder and Gasum expand bio-LNG partnership for FuelEU Maritime compliance  

Two LNG carriers join Nordic energy company's compliance pool as surplus generators.
Illustration of Singapore's first floating LNG terminal. September 17, 2025
ABB wins contract to power Singapore's first floating LNG terminal  

FSRU will enable Singapore to boost its LNG importing capacity by 50 percent.
Header image for ABS 2025 Sustainability Outlook, Beyond the Horizon: Vision Meets Reality. September 16, 2025
ABS chief urges IMO to pause Net-Zero Framework over fuel availability concerns  

Christopher Wiernicki says LNG and biofuels are 'mission critical' to shipping decarbonisation success.
Birdseye view of containership. September 15, 2025
Panama Canal launches NetZero Slot to incentivize low-emission transits  

New reservation category prioritizes dual-fuel vessels capable of using alternative fuels from November.
Van Oord's Vox Apolonia. September 15, 2025
Van Oord deploys bio-LNG dredger for Dutch coastal project  

First bio-LNG-powered trailing suction hopper dredger operation begins in the Netherlands.
Philippe Berterottière and Matthieu de Tugny. September 12, 2025
GTT unveils cubic LNG fuel tank design for boxships with BV approval  

New GTT CUBIQ design claims to reduce construction time and boost cargo capacity.
Wilhelmshaven Express, Hapag-Lloyd. September 12, 2025
Hapag-Lloyd secures multi-year liquefied biomethane supply deal with Shell  

Agreement supports container line's decarbonisation strategy and net-zero fleet operations target by 2045.
Dual-fuel ship. September 12, 2025
Dual-fuel vessels will dominate next decade, says Columbia Group  

Ship manager predicts LNG-powered vessels will bridge gap until zero-carbon alternatives emerge.
WinGD’s first ammonia-fuelled engine installed on Exmar vessels. September 10, 2025
WinGD claims methanol and ammonia engines ready for commercial deployment as regulatory clarity awaited  

Engine designer says zero-emission fuels have moved from pilots to practice.
HD Hyundai Mipo awarded Approval in Principle (AiP). September 10, 2025
ABS approves HD Hyundai Mipo's dual-purpose LNG carrier and bunker vessel design  

Classification society verifies 30,000 cbm vessel design capable of both cargo transport and bunkering operations.
Formal recognition with an Approval in Principle (AiP) ceremony. September 10, 2025
LR and HD Hyundai Mipo develop 22,000 cbm LNG bunkering vessel design  

Classification society and shipyard collaborate on larger capacity vessel to meet growing demand.
Keel laying of Royal Caribbean’s fourth Icon-class cruise ship at Meyer Turku. September 9, 2025
Construction begins on Royal Caribbean's fourth Icon-class ship  

Vessel is latest addition to Royal Caribbean's fleet of LNG-fuelled cruise ships.
MOL LNG carriers equipped with four Wind Challenger hard sail systems. September 9, 2025
MOL secures approval for LNG carriers with four wind-assisted propulsion systems  

Japanese shipping company claims new design could cut fuel consumption by up to 30%.
Typewriter job application. September 4, 2025
Koch Minerals & Trading offers bunker procurement internship in Singapore  

Koch subsidiary seeks intern for hands-on experience in marine fuel trading and operations.
Sleipner RoRo dual-fuel concept. September 4, 2025
New dual-fuel RoRo concept with bow-mounted engine room unveiled  

Vessel features dual-fuel electric propulsion capable of running on LNG, liquefied biogas, marine gas oil, and biodiesel.
LNG bunkering of Lake Travis by Gas Agility. September 4, 2025
Le Havre conducts first STS LNG bunkering operation at RoRo terminal  

French facility completes ship-to-ship operation weeks after receiving LNG Ready Terminal certification.
Well-to-tank emissions assessment 2025 September 4, 2025
Rystad Energy study finds LNG marine fuel emissions 25% lower than EU default  

New analysis shows global well-to-tank emissions at 13.9g CO2e/MJ, challenging FuelEU Maritime assumptions.
CMA CGM Mercury. September 3, 2025
CMA CGM takes delivery of fifth dual-fuel methanol containership  

CMA CGM Mercury joins 13,000 TEU series as part of 12-vessel programme.
Moonghee Yu and Jungsik Park. September 3, 2025
WinGD and Hanwha deliver world's first LNG carrier engine with variable compression ratio technology  

Technology enables engine to adjust its compression ratio and potentially improve fuel efficiency.
Harry S. Banga, The Caravel Group. September 2, 2025
Caravel Group and Celsius Tankers form JV to order two 20,000 cbm LNG bunkering vessels  

Partnership orders first vessels for delivery in 2027 to support decarbonisation efforts.
Royal Caribbean's Legend of the Seas. September 1, 2025
Royal Caribbean launches LNG-powered cruise ship at Finnish shipyard  

Newest vessel, Legend of the Seas, enters water for first time at Meyer Turku facility.
Seaspan Jakarta containership. September 1, 2025
Seaspan orders twelve LNG-ready container vessels from Chinese shipyards  

Vessels scheduled for delivery by end of 2028 under long-term charter agreement.
Torben Østergaard-Nielsen. September 1, 2025
USTC files press complaint against Ekstra Bladet over Nordic Waste coverage  

Danish shipping group claims tabloid used 'problematic journalistic method' with personal attacks.
Gasum barge and Viking Line vessel. August 27, 2025
Viking Line runs vessels on bio-LNG for Gasum's FuelEU Maritime compliance pool  

Partnership aims to boost compliance supply as demand for FuelEU Maritime pooling increases.
Gasum trucks alongside vessel August 27, 2025
Gasum completes first LNG bunkering operation at Tolkkinen, Finland  

Energy company extends LNG supply services to vessels calling at ports in Porvoo region.
Marius Kairys, CEO of Elenger Sp. z o.o. July 14, 2025
Elenger enters Polish LNG bunkering market with ferry refuelling operation  

Baltic energy firm completes maiden truck-to-ship LNG delivery in Gdansk.
Bunkering of the Glovis Selene car carrier. July 14, 2025
Shell completes first LNG bunkering operation with Hyundai Glovis in Singapore  

Energy major supplies fuel to South Korean logistics firm's dual-fuel vessel.
Sogestran's fuel supply vessel, the Anatife, at the port of Belle-Île-en-Mer. July 11, 2025
Sogestran's HVO-powered tanker achieves 78% CO2 reduction on French island fuel runs  

Small tanker Anatife saves fuel while supplying Belle-Île and Île d'Yeu.
Crowley 1,400 TEU LNG-powered containership, Tiscapa. July 11, 2025
Crowley deploys LNG-powered boxship Tiscapa for Caribbean and Central American routes  

Vessel is the third in company's Avance Class fleet to enter service.
The inland LNG bunker vessel LNG London. July 11, 2025
LNG London completes 1,000 bunkering operations in Rotterdam and Antwerp  

Delivery vessel reaches milestone after five years of operations across ARA hub.
Carsten Ladekjær, CEO of Glander International Bunkering. July 10, 2025
Glander International Bunkering reports stable performance amid regulatory changes  

Bunker trader achieves $3bn turnover and $22m pre-tax earnings for fiscal 2024-25.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. February 11, 2025
H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.
Avenir LNG logo on sea background. January 28, 2025
Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.
Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. January 27, 2025
Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.
The world's first methanol-fuelled container ship, Laura Maersk. December 4, 2024
Methanol as a marine fuel | Steve Bee, VPS  

How environmental legislation has driven the development of low-sulphur fuels and methanol-ready ships.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement September 18, 2024
Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Carsten Ladekjær, CEO of Glander International Bunkering. July 4, 2024
EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.
Anders Grønborg, CEO of KPI OceanConnect. July 2, 2024
KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.
Wärtsilä vessel design. April 24, 2024
Wärtsilä to supply Scale Gas LNG bunker vessel's cargo handling system  

New 12,500-cubic-metre supply tanker to be built by CIMC SOE.
The chemical tanker Aalborg at the Port of Barcelona. April 24, 2024
Peninsula launches B100 bunker vessel in Barcelona  

Chemical tanker Aalborg capable of supplying up to 100% bio component.
Worm's eye view of four stone structures during daytime. December 11, 2023
Four cornerstones for a regulatory environment for sustainable fuels  

An analysis of the World Shipping Council's paper to IMO's Marine Environment Protection Committee (MEPC).
UECC logo. November 15, 2023
Formula for change: UECC solution for EU ETS gives clients clarity on emission costs | UECC  

Short-sea shipper calls for EU ETS formula based on 'Ro-Ro GHG Emissions Accounting Guidance'
Hapag ship with small vessel next to logo. August 10, 2023
Hapag posts 11% drop in H1 bunker price  

Bunker consumption dipped below 2m tonnes; fuel costs fell by $225m.