China LNG bunkering market faces both opportunities and challenges amid global shipping's low-carbon transition

Source: Mysteel Jul 21, 2026 10:32

Global shipping emission regulations are tightening, positioning LNG as a core fuel for the industry's low-carbon transition. As of May 2026, LNG-powered vessels reached 1,655 units globally, accounting for nearly 60% of the alternative-fuel fleet, with tonnage share rising to 7.90%. However, LNG bunker prices remained volatile in 2026, with the Rotterdam LNG-VLSFO spread exceeding $200/t in May, dampening new demand. Domestic bunkering infrastructure is accelerating, with CIMC Enric recently signing a contract to build a 12,000 cbm LNG bunker vessel, scheduled for delivery in 2028.

The International Maritime Organization (IMO) has been tightening carbon and sulfur emission standards, accelerating the shipping industry's fuel transition. LNG has emerged as a core solution for the sector's low-carbon shift, thanks to its clean emissions profile, mature supply chain, and well-established port bunkering infrastructure. As of the end

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