Markets
Benchmarks, spreads, freight indices and structural analysis of commodity and energy market conditions.
Singapore LNG has commenced construction of a third jetty on Jurong Island, aiming to lift terminal bunkering capacity up to 3 million tonnes annually by late 2028.
Japanese shipping group NYK is preparing a new transition bond issuance this month to support decarbonisation initiatives, including LNG-powered vessels.
Singapore LNG Corporation has broken ground on a third jetty at its Jurong Island facility to support small- and mid-scale vessel operations.
Global crude prices continue to hold above the $100 mark despite Middle East oil shipments recovering to pre-conflict levels.
The International Bunker Industry Association has called for revisions to the Carbon Intensity Indicator metric to reflect the operational profile of bunker vessels.
Amogy and LOTTE Fine Chemical have signed an agreement to assess ammonia marine fuel supply and bunkering infrastructure at the Port of Ulsan.
Petroleum markets saw broad price increases for crude oil and refined products throughout the third quarter of 2026 amid ongoing Middle East tensions.
The Galveston Wharves Board of Trustees has agreed to a lease and development deal with Power LNG to establish local production and vessel bunkering capabilities.
Marine fuel expenses have risen by approximately three-quarters since late February following the outbreak of hostilities between the United States and Iran.
Iraqi Oil Tankers Co. plans to buy crude carriers to transport oil beyond the Strait of Hormuz rather than transferring shipments at Basrah.
Rising European import requirements and constrained supplies are projected to support substantial expansion in seaborne LNG trade, according to shipbroker Intermodal.
Crude prices trade above $104 per barrel amid sustained shipping blockages in the Strait of Hormuz and curtailed regional output.
November WTI contracts fluctuated as restored Middle East export routes countered tighter global refined product supplies and regional security concerns.
The Group of Seven and partner nations have agreed to deploy up to 100 million barrels of emergency crude and diesel over four months to bolster constrained fuel markets.
Physical crude benchmark Dated Brent has risen past $120 per barrel despite a pullback in ICE Brent futures, highlighting growing physical market constraints.
Benchmark crude prices dropped sharply after analysts reported that oil exports from the Persian Gulf had nearly returned to pre-war levels.
Qatar and the UAE are utilizing ship-to-ship cargo transfers to maintain liquefied natural gas deliveries following ongoing transit disruptions in the Strait of Hormuz.
Crude futures climbed as geopolitical tensions mounted after the rejection of an Iranian peace offer, despite domestic refining uncertainties in the United States.
HD Hyundai Heavy Industries and HD KSOE have secured approval in principle from ABS for a 22,000 cbm ammonia bunkering vessel design.
Chinese authorities could implement curbs on refined fuel outflows following significant reductions in domestic gasoline and diesel reserves.
Marine refuelling services have restarted at Brazil's Rio Grande Terminal following storm-related electrical repairs and safety checks, according to Petrobras.
NYK Group has held a naming ceremony for the Diamond Gas Nexus, a 174,000 cbm dual-fuel liquefied natural gas carrier built by HD Hyundai Samho.
The newly completed chemical tanker and bunker vessel Kokuryu Maru has carried out its first biomethanol refuelling in Japan.
A study by the Global Centre for Maritime Decarbonisation finds bunker delivery notes alone cannot ensure marine biofuel blends meet contracted renewable content levels.
Crude oil costs, refining margins, logistics, and supply tightness dictate distillate fuel oil prices, according to the US Energy Information Administration.
Yang Ming Marine Transport has held a naming ceremony in South Korea for YM Weight, the fourth in a five-vessel series of LNG dual-fuel containerships.
Danish marine fuels supplier Monjasa has inducted nine new participants into its two-year commercial training initiative.
HD Hyundai Heavy Industries has secured an Approval in Principle from DNV and the Liberian Registry for a new 12,000-cbm LNG bunkering vessel concept designed for cruise ship operations.
A cluster of offshore-registered "kompromat" outlets republishes the same unsourced allegations across dozens of mirror domains, rebuilding each copy faster than it can be removed.
Bureau Veritas has issued an Approval in Principle to Ningbo Kairong New Energy and MannTek for their integrated ship-to-ship LNG bunkering crane solution.
Expanding adoption of LNG as a marine fuel is driving higher demand for specialized bunkering tonnage, according to DNV fleet figures.
A newly published DNV study indicates the worldwide fleet of LNG bunkering vessels may need to more than double by 2030 to satisfy rising marine fuel demand.
US commercial crude oil inventories fell by 400,000 barrels in the week ending September 4, matching the five-year seasonal average.
PowerCell Group has received a RINA Type Approval Certificate for its zero-emission Marine System 225 fuel cell during the SMM exhibition in Hamburg.
Natural gas prices across Europe have reached a three-year peak as traders move quickly to restock inventories and watch Middle East transit developments.
Moscow is speeding up development of the Northern Sea Route to direct LNG and crude flows toward Asian markets before European restrictions take effect.
Pakistan expects to receive shipments of Qatari liquefied natural gas this month, offering relief after export disruptions triggered by processing hub damage.
Official data indicates Singapore residual fuel oil reserves held largely steady in August, while middle distillate volumes contracted.
Work has begun on a Nebraska agricultural facility designed to convert cattle waste into 1.2 million MMBtu of pipeline-quality natural gas for energy and shipping fuel each year.
Marine LNG prices have climbed across key global bunkering hubs, with Rotterdam extending its weekly rally alongside a stronger Dutch TTF benchmark.
Polish refiner Orlen has joined forces with the Port of Gdynia Authority to evaluate the market and infrastructure requirements for LNG and bio-LNG bunkering.
Academic researchers note majority backing among participating member states for a centralised carbon revenue mechanism following recent IMO climate talks.
American efforts to maintain regional crude exports are eroding Tehran's market leverage via the Strait of Hormuz, according to reports.
Refineries are reducing marine fuel output in favour of diesel amid conflict-driven tightness, creating a projected quarterly bunker deficit of 218,000 barrels per day.
A clear majority of member states at the IMO 22nd Intersessional Working Group backed a centralised revenue fund and greenhouse gas pricing structure.
Rotterdam's B30-VLSFO price remained flat over the past week despite gains in conventional fuel, while B30-LSMGO rose on stronger marine gasoil prices.
Dorian LPG has agreed to construct three dual-fuel 90,000 cbm gas carriers at Hanwha Ocean for delivery throughout 2030.
Russian oil executive Igor Sechin stated that Chinese crude purchasing patterns have become the primary stabilizing force in global energy markets over OPEC decisions.
Constrained global supply balances and crude oil costs have driven New York Harbor gasoline refining margins well above previous-year levels.
The International Bunker Industry Association has appointed industry veteran Ton Visser to the role of training and technical advisor.
Lloyd’s Register has granted Approval in Principle to CSSC Huangpu Wenchong Shipbuilding for a new 12,500 cubic metre LNG bunkering vessel design.
Worldwide seaborne LNG shipments contracted by 1.6 percent in the first seven months of 2026 following solid growth across 2025, according to Banchero Costa.
CSSC Huangpu Wenchong Shipbuilding has secured Approval in Principle from Lloyd’s Register for a 12,500 cubic metre LNG bunkering vessel concept.
Surging diesel cracks and an increasingly constrained outlook for global middle distillates are propelling crude benchmarks higher, with Brent approaching $95 per barrel.
A study by Lloyd's Register highlights medium-range tankers, chemical carriers, LNG-fuelled ships, and feeder vessels as the primary near-term candidates for onboard carbon capture.
Polish energy firm ORLEN and the Port of Gdynia Authority have agreed to evaluate the development of LNG and bioLNG marine refuelling operations.
LPG vessel owner StealthGas Inc. has reported unaudited second-quarter and half-year results for 2026, recording net income of $17.3 million.
United States retail diesel prices have climbed close to previous peak levels, averaging $5.69 per gallon according to recent AAA data.
Moscow has agreed to process crude at a private refinery in Kazakhstan as domestic fuel supply issues prompt export bans and rationing.
Core OPEC+ producers are anticipated to keep oil production targets steady for October during an upcoming virtual gathering.
Woodside has taken delivery of the final and heaviest module for its $12.5 billion Australian LNG project upgrade ahead of targeted exports in late 2026.
Marine fuel buyers in the Amsterdam-Rotterdam-Antwerp hub face recommended lead times of five to seven days across major grades, despite higher regional inventories in August.
Bunker supplier Suzun Marine Fuels has integrated seafarer welfare standards directly into its commercial terms, reserving the right to decline non-compliant vessels.
Titan Clean Fuels has signed a long-term agreement with Sogestran Group to build, charter, and operate a 6,000-cbm LNG bunkering vessel in the Western Mediterranean.
BP has launched gas production from the Fayoum-4 well in Egypt's West Nile Delta roughly two years ahead of schedule, supplying about 80 million cubic feet per day.
Rising bunker prices are eroding the economic appeal of alternative marine fuels B100 and liquefied biomethane compared to conventional options.
Shell has entered a partnership with Wison New Energies to supply its proprietary liquefaction technology across the floating LNG sector.
Cheniere Energy has reached substantial completion on its Corpus Christi Stage 3 project in Texas while loading its 5,000th LNG export cargo.
Cheniere Energy has completed the third phase of its Texas facility, lifting operational capacity to 56 mtpa alongside dispatching its 5,000th LNG shipment.
Indian crude imports and the market share held by Russian supplies dropped in August amid resilient domestic demand and delayed refinery turnarounds.
Swedish engineering group AFRY has secured a technical advisory contract for an integrated 1.5 GW floating LNG-to-power development in Vietnam.
Global crude benchmarks climbed by over a dollar following fresh US warnings directed at Iran amid persistently depressed tanker movements in the Strait of Hormuz.
Global expenditures on oil, refined products, and LNG imports rose by up to $330 billion between March and August amid ongoing Middle East hostilities, according to CREA research.
BW LPG has recorded peak earnings and cash flow for the first half of 2026, driven by robust shipping returns in the second quarter.
Historic oil and gas producer Azerbaijan is working to deploy renewable energy capacity to balance an energy supply overwhelmingly dominated by fossil fuels.
ICE Brent crude maintained levels around $90 per barrel following the introduction of extensive US sanctions targeting Iran, as shipping risks in the Strait of Hormuz continue to influence trading.
Expanded secondary sanctions by the United States targeting Iran are introducing additional compliance challenges for the global ship recycling sector.
Public funding for low- and zero-emission marine fuels is expanding across major regions, with European nations targeting multiple supply chain segments simultaneously.
Singapore and Brazil have signed a memorandum of understanding to establish a collaborative green and digital maritime corridor.
Weekly seaborne coal exports from the United States rose 37% to reach 2.10 million metric tons, supported by a sharp increase in thermal volumes.
Gulf nations are redirecting capital into port and pipeline infrastructure to reduce maritime exposure to the Strait of Hormuz.
Classification society RINA has launched a propulsion concept called Mermaid, engineered to cut vessel emissions and reduce reliance on auxiliary engines.
Biomethanol developer Emvolon has finalized supply and financing agreements with Freepoint Commodities to deliver up to 300,000 tonnes of fuel annually.
Crude markets trended slightly lower on Friday as traders evaluated potential Venezuelan supply changes and developments in the Middle East.
Lummus Technology has partnered with San Francisco-based Ammobia to license and globally deploy its modular low-carbon ammonia production technology.
Liquefied natural gas prices in Europe have climbed to their highest levels since 2023 following shipment disruptions and depleted storage reserves.
Environmental organisations have called on International Maritime Organization member states to maintain backing for the Net-Zero Framework ahead of key climate talks.
Petrobras has secured clearance to supply marine fuel via barge to international vessels calling at the Port of Suape.
Turkish buyers have expanded diesel purchases from India and the United States to unprecedented levels in August amid supply shifts.
Petrobras has resumed VLSFO bunker deliveries at Brazil's Port of Itaqui following deferred pipeline maintenance, while LSMGO sales remain suspended.
Adopting a global greenhouse gas framework at the IMO could lift low-emission bunker fuel demand more than fivefold by 2050, according to classification society DNV.
Peru's Port of Callao has introduced cold ironing capabilities, becoming the first facility in South America to provide shore power for commercial vessels.
Davie Shipbuilding has secured a fixed-price deal valued at US $8 billion to construct six icebreakers for the Canadian Coast Guard.
Gulf countries are adapting their investment strategies to fund energy pipelines and port projects as conflict involving Iran alters global trade routes.
Elevated electricity consumption and monsoon delivery disruptions have reduced coal reserves across dozens of Indian generation facilities.
Operational utility-scale battery storage capacity in the United States reached nearly 52 GW following strong additions through mid-2026, according to official data.
Cross-border trade value for natural gas and electricity increased in 2025 despite an 11% downturn in overall energy commerce between the United States and Canada.
Crude oil flows through the Strait of Hormuz are climbing as Middle Eastern producers expand their export volumes despite ongoing regional tensions.
Waterborne movements of crude oil and refined products from the US Gulf Coast to domestic coastal markets increased significantly in April and May.
Greenport Services has introduced Portchain Connect at the Port of Drammen to streamline berth alignment operations with container carriers.
Wheat values have climbed as maritime conflict in the Black Sea causes grain export volumes from both Russia and Ukraine to decline sharply.
Outbound crude and product shipments from the Persian Gulf have rebounded to approximately two-thirds of pre-war averages, according to Goldman Sachs.
A planned 700,000 barrel-per-day refinery on Kenya's Lamu Island will process crude for domestic use and neighboring East African markets.
The approved offshore Cronos development in Cyprus is slated to supply natural gas to Egypt for liquefied natural gas exports beginning in 2028.
Seaborne petroleum product exports from Nigeria have multiplied seven-fold since 2023, bolstered by output from the Dangote refinery amid tight global supplies.
The trading group reports expansion into crude oil, a scaling Singapore marine fuels business and progress on its European Jet A1 distribution platform.
A profile of how leadership and talent development underpin Alkagesta's expansion.
