Market Intelligence
NYK Plans Transition Bond Issue to Fund LNG Fleet Investments
Japanese shipping group NYK is preparing a new transition bond issuance this month to support decarbonisation initiatives, including LNG-powered vessels.
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Market Intelligence
SLNG Begins Construction of Third Jetty at Jurong Island Terminal
Singapore LNG Corporation has broken ground on a third jetty at its Jurong Island facility to support small- and mid-scale vessel operations.
Market Intelligence
Brent Crude Stays Above $100 Despite Rebound in Hormuz Oil Flows
Global crude prices continue to hold above the $100 mark despite Middle East oil shipments recovering to pre-conflict levels.
Market Intelligence
IBIA Urges MEPC 85 to Revise CII Calculations for Bunker Vessels
The International Bunker Industry Association has called for revisions to the Carbon Intensity Indicator metric to reflect the operational profile of bunker vessels.
Market Intelligence
Amogy and LOTTE Fine Chemical Partner on Ammonia Bunkering in South Korea
Amogy and LOTTE Fine Chemical have signed an agreement to assess ammonia marine fuel supply and bunkering infrastructure at the Port of Ulsan.
Market Intelligence
EIA Reports Higher Crude Oil Prices and Refinery Margins in Third Quarter
Petroleum markets saw broad price increases for crude oil and refined products throughout the third quarter of 2026 amid ongoing Middle East tensions.
Market Intelligence
Galveston Approves Lease for Power LNG Production and Bunkering Hub
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.
Market Intelligence
Global Bunker Prices Surge Around 75 Percent Following Outbreak of US-Iran War
Marine fuel expenses have risen by approximately three-quarters since late February following the outbreak of hostilities between the United States and Iran.
Market Intelligence
Iraqi Oil Tankers Co. Seeks Fleet Acquisition to Expand Shipments Beyond Hormuz
Iraqi Oil Tankers Co. plans to buy crude carriers to transport oil beyond the Strait of Hormuz rather than transferring shipments at Basrah.
Market Intelligence
European Gas Needs Expected to Drive Seaborne LNG Shipping Growth
Rising European import requirements and constrained supplies are projected to support substantial expansion in seaborne LNG trade, according to shipbroker Intermodal.
Market Intelligence
Brent Remains Above $104 as Hormuz Closure and Middle East Supply Cuts Persist
Crude prices trade above $104 per barrel amid sustained shipping blockages in the Strait of Hormuz and curtailed regional output.
Market Intelligence
WTI Volatility Rises Amid Easing Gulf Crude Flows and Tight Refined Fuel Markets
November WTI contracts fluctuated as restored Middle East export routes countered tighter global refined product supplies and regional security concerns.
Market Intelligence
G7 and Allies Agree to Release 100 Million Barrels to Address Diesel Shortages
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.
Market Intelligence
Dated Brent Surpasses $120 as Physical Crude Supply Tightens
Physical crude benchmark Dated Brent has risen past $120 per barrel despite a pullback in ICE Brent futures, highlighting growing physical market constraints.
Market Intelligence
Crude Prices Fall as Persian Gulf Oil Shipments Recover
Benchmark crude prices dropped sharply after analysts reported that oil exports from the Persian Gulf had nearly returned to pre-war levels.
Market Intelligence
Gulf LNG Exporters Deploy Ship-to-Ship Transfers Amid Hormuz Disruption
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.
Market Intelligence
Crude Benchmarks Climb Following Rejection of Iranian Peace Proposal
Crude futures climbed as geopolitical tensions mounted after the rejection of an Iranian peace offer, despite domestic refining uncertainties in the United States.
Market Intelligence
ABS Approves HD Hyundai Design for 22,000 CBM Ammonia Bunker Vessel
HD Hyundai Heavy Industries and HD KSOE have secured approval in principle from ABS for a 22,000 cbm ammonia bunkering vessel design.
Commodity Trading
Alkagesta awarded the EcoVadis Committed Badge for sustainable business practices
The Malta-based energy and commodity trading house earns the sustainability rating's entry-level recognition, with EcoVadis assessing environment, labour and human rights, ethics and sustainable procurement.
Market Intelligence
China May Restrict Fuel Exports as Domestic Inventories Drop
Chinese authorities could implement curbs on refined fuel outflows following significant reductions in domestic gasoline and diesel reserves.
Market Intelligence
Petrobras Restores Bunkering Operations at Rio Grande Terminal
Marine refuelling services have restarted at Brazil's Rio Grande Terminal following storm-related electrical repairs and safety checks, according to Petrobras.
Market Intelligence
NYK Group Names New LNG Carrier Diamond Gas Nexus in South Korea
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.
Market Intelligence
Kokuryu Maru Completes First Methanol Bunkering at Kinoe Port
The newly completed chemical tanker and bunker vessel Kokuryu Maru has carried out its first biomethanol refuelling in Japan.
Market Intelligence
GCMD Study Calls for Tighter Marine Biofuel Verification
A study by the Global Centre for Maritime Decarbonisation finds bunker delivery notes alone cannot ensure marine biofuel blends meet contracted renewable content levels.
Market Intelligence
EIA Outlines Core Cost Components Behind Distillate and Diesel Pricing
Crude oil costs, refining margins, logistics, and supply tightness dictate distillate fuel oil prices, according to the US Energy Information Administration.
Market Intelligence
Yang Ming Names 15,500 TEU Dual-Fuel Containership YM Weight
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.
Market Intelligence
Monjasa Welcomes Nine Recruits to Global Bunker Trading Scheme
Danish marine fuels supplier Monjasa has inducted nine new participants into its two-year commercial training initiative.
Shipping & Ports
Trafigura Establishes Volare Shipping to Manage Crude Tanker Fleet
Trafigura has formed Volare Shipping Ltd., a dedicated subsidiary created to own, operate, and expand a modern fleet of oil tankers.
Market Intelligence
DNV and Liberian Registry Grant AiP for Cruise-Focused LNG Bunker Vessel
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.
Shipping & Ports
Trafigura Prepares Volare Shipping for Oslo Listing with $500m Placement
Trafigura is launching Singapore-based Volare Shipping with a $500m private placement ahead of a planned public listing in Oslo.
Market Intelligence
How a Network of "Antikor" Sites Disseminates Defamatory News
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.
Market Intelligence
BV Grants Approval in Principle for Joint STS LNG Bunkering Crane System
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.
Commodity Trading
Alkagesta files defamation proceedings against the Maltese Herald
The Malta-headquartered commodity trading company says it has filed a complaint in Malta's Court of Magistrates after a year of what it calls false and unevidenced reporting.
Market Intelligence
DNV Reports Rising Demand for Dedicated LNG Bunkering Vessels
Expanding adoption of LNG as a marine fuel is driving higher demand for specialized bunkering tonnage, according to DNV fleet figures.
Market Intelligence
DNV projects global LNG bunker fleet must double by 2030
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.
Commodity Trading
Alkagesta takes fertilizer desk to Argus Caspian and Black Sea conference in Istanbul
The Malta-headquartered trading house joined more than 450 delegates in Istanbul for talks on CBAM, Central Asian supply and the trade corridors reshaping fertilizer delivery.
Shipping & Ports
Alkagesta CEO tells shipping industry to act on spiralling freight costs
Writing for The Motorship, Alkagesta chief executive Orkhan Rustamov argues that record Panama Canal, Black Sea and Gulf–Far East costs are a call to action for shipowners and traders, not a fact of life.
Shipping & Ports
OPEC Reports August Rise in Crude Tanker Spot Freight Rates
Spot freight rates for dirty tankers strengthened in August, propelled by a broad recovery in VLCC earnings across all monitored routes, according to OPEC.
Market Intelligence
US Commercial Crude Stockpiles Decline by 400,000 Barrels
US commercial crude oil inventories fell by 400,000 barrels in the week ending September 4, matching the five-year seasonal average.
Energy Trading
Alkagesta brings EU ETS allowances onto one desk with SAF and biofuels
Ship & Bunker reports that the Malta-based trader now offers EU ETS allowances alongside CORSIA-eligible SAF and biofuels, as ETS2 and ReFuelEU widen compliance obligations.
Market Intelligence
PowerCell Marine System 225 Secures RINA Type Approval
PowerCell Group has received a RINA Type Approval Certificate for its zero-emission Marine System 225 fuel cell during the SMM exhibition in Hamburg.
Shipping & Ports
US East Coast Container Spot Rates Approach Pandemic Highs, Xeneta Reports
Ocean container spot rates inbound to the US East Coast are approaching peak levels recorded during the Covid-19 pandemic amid falling service reliability, according to Xeneta.
Market Intelligence
European Natural Gas Climbs to Three-Year High Ahead of Winter
Natural gas prices across Europe have reached a three-year peak as traders move quickly to restock inventories and watch Middle East transit developments.
Market Intelligence
Russia Accelerates Arctic Sea Route Development Ahead of European LNG Ban
Moscow is speeding up development of the Northern Sea Route to direct LNG and crude flows toward Asian markets before European restrictions take effect.
Shipping & Ports
UK Maritime Groups Form Coalition to Accelerate Alternative Fuel Adoption
The UK Chamber of Shipping and Cruise Lines International Association have launched a cross-industry group to support low-carbon maritime fuel policies and infrastructure.
Market Intelligence
Qatari LNG Shipments to Pakistan Resume Following Supply Disruptions
Pakistan expects to receive shipments of Qatari liquefied natural gas this month, offering relief after export disruptions triggered by processing hub damage.
Market Intelligence
Singapore Fuel Oil Inventories Remain Stable in August
Official data indicates Singapore residual fuel oil reserves held largely steady in August, while middle distillate volumes contracted.
Shipping & Ports
EU ETS Carbon Market Retains Upward Momentum Amid Gas Price Gains
Rising gas prices and carbon allowance gains continue to shape the maritime sector under the European Union emissions framework, according to Intermodal.
Shipping & Ports
Minerva Marine Sells Ice-Classed Aframax Minerva Nounou
Greek tanker operator Minerva Marine has reportedly agreed to sell the 20-year-old ice-classed aframax Minerva Nounou to Chinese buyers for more than $40m.
Market Intelligence
Nebraska Feedlot RNG Project to Produce 1.2 Million MMBtu Annually
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.
Market Intelligence
Rotterdam LNG Bunker Prices Rise for Fifth Week on Gas Supply Tightness
Marine LNG prices have climbed across key global bunkering hubs, with Rotterdam extending its weekly rally alongside a stronger Dutch TTF benchmark.
Market Intelligence
Orlen and Port of Gdynia Partner on LNG and Bio-LNG Bunkering Feasibility
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.
Commodity Trading
Alkagesta Joins SUISSENÉGOCE's 20th Anniversary Celebration in Geneva
Alkagesta was represented by CEO Orkhan Rustamov and CFO Orkhan Zeynalli at the Swiss Commodity Trading Association's milestone event in Geneva.
Shipping & Ports
Tanker Market Eyes Rising West-to-East Flows on US-Venezuela Deal
Global tanker routes could see increased West-to-East crude flows in the coming years following a bilateral agreement between the US and Venezuela, according to Gibson.
Market Intelligence
UCL Assesses IMO Greenhouse Gas Talks and Revenue System Support
Academic researchers note majority backing among participating member states for a centralised carbon revenue mechanism following recent IMO climate talks.
Market Intelligence
US Support for Gulf Crude Flows Diminishes Iranian Blockade Impact
American efforts to maintain regional crude exports are eroding Tehran's market leverage via the Strait of Hormuz, according to reports.
Shipping & Ports
Asia-US Container Rates Rise as Port Congestion Dents Schedule Reliability
Container freight rates from East Asia to the US climbed as Asian port delays reduced global schedule reliability to 56.4% in July 2026, while US Gulf chemical tanker rates eased.
Market Intelligence
Bunker Fuel Availability Tightens as Refiners Prioritise Diesel Production
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.
Market Intelligence
IMO Working Group Advances Net Zero Framework with Support for GHG Pricing
A clear majority of member states at the IMO 22nd Intersessional Working Group backed a centralised revenue fund and greenhouse gas pricing structure.
Market Intelligence
Rotterdam B30-VLSFO Holds Steady as B30-LSMGO Rises
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.
Shipping & Ports
Nanjing Shenghang to Invest $148m in Six Chemical Tanker Newbuilds
Shenzhen-listed Nanjing Shenghang Shipping has lined up an order for six stainless-steel chemical tankers at China Merchants Nanjing Shipyard.
Shipping & Ports
bound4blue completes eSAIL installation on Marflet Marine chemical tanker
Spanish technology firm bound4blue has fitted four 22-metre suction sails on Marflet Marine's chemical tanker Santiago I to cut energy consumption.
Market Intelligence
Dorian LPG Orders Three Dual-Fuel VLGCs at Hanwha Ocean for $345 Million
Dorian LPG has agreed to construct three dual-fuel 90,000 cbm gas carriers at Hanwha Ocean for delivery throughout 2030.
Shipping & Ports
Navios Maritime Partners Commits Capesize Navios Pollux
Navios Maritime Partners has committed its 2009-built Capesize bulk carrier Navios Pollux, according to a report from shipbroker Advanced Shipping & Trading.
Shipping & Ports
Scorpio Tankers Secures Three-Year Charters for Product Tanker Trio
Monaco-based Scorpio Tankers has fixed three product tankers on three-year contracts expected to generate over $110 million in aggregate gross revenue.
Market Intelligence
Rosneft Chief Asserts China Holds Greater Market Influence Than OPEC
Russian oil executive Igor Sechin stated that Chinese crude purchasing patterns have become the primary stabilizing force in global energy markets over OPEC decisions.
Market Intelligence
Elevated Gasoline Crack Spreads and Crude Prices Lift Refining Margins
Constrained global supply balances and crude oil costs have driven New York Harbor gasoline refining margins well above previous-year levels.
Market Intelligence
IBIA Names Ton Visser as Training and Technical Advisor
The International Bunker Industry Association has appointed industry veteran Ton Visser to the role of training and technical advisor.
Market Intelligence
LR Approves Huangpu Wenchong Design for 12,500 cbm LNG Bunker Vessel
Lloyd’s Register has granted Approval in Principle to CSSC Huangpu Wenchong Shipbuilding for a new 12,500 cubic metre LNG bunkering vessel design.
Market Intelligence
Global Seaborne LNG Trade Dips in Early 2026 After 2025 Expansion
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.
Market Intelligence
LR Awards Approval in Principle for CSSC Huangpu Wenchong LNG Bunker Vessel Design
CSSC Huangpu Wenchong Shipbuilding has secured Approval in Principle from Lloyd’s Register for a 12,500 cubic metre LNG bunkering vessel concept.
Market Intelligence
Middle Distillate Tightness and Record Diesel Margins Drive Brent Toward $95
Surging diesel cracks and an increasingly constrained outlook for global middle distillates are propelling crude benchmarks higher, with Brent approaching $95 per barrel.
Shipping & Ports
LR and MARIC Unveil Tri-Fuel Ready Tanker Design
Lloyd's Register and China's MARIC have introduced a tri-fuel-ready tanker concept offering operational pathways for LNG, methanol, and ammonia.
Market Intelligence
Lloyd's Register Identifies Prime Ship Segments for Onboard Carbon Capture
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.
Market Intelligence
ORLEN and Port of Gdynia Partner to Study LNG and BioLNG Bunkering
Polish energy firm ORLEN and the Port of Gdynia Authority have agreed to evaluate the development of LNG and bioLNG marine refuelling operations.
Market Intelligence
StealthGas Posts $17.3 Million Net Income for Second Quarter 2026
LPG vessel owner StealthGas Inc. has reported unaudited second-quarter and half-year results for 2026, recording net income of $17.3 million.
Market Intelligence
US Retail Diesel Nears Previous Highs as Prices Reach $5.69 per Gallon
United States retail diesel prices have climbed close to previous peak levels, averaging $5.69 per gallon according to recent AAA data.
Shipping & Ports
Maersk Selects Anemoi Rotor Sails for 8,700 TEU Container Ship
A.P. Moller – Maersk has chosen Anemoi Marine Technologies to install a wind-assisted rotor sail system on an 8,700 TEU container vessel.
Market Intelligence
Russia Seeks Overseas Refining Options Following Domestic Processing Disruptions
Moscow has agreed to process crude at a private refinery in Kazakhstan as domestic fuel supply issues prompt export bans and rationing.
Market Intelligence
OPEC+ Expected to Maintain Current Oil Output Levels for October
Core OPEC+ producers are anticipated to keep oil production targets steady for October during an upcoming virtual gathering.
Market Intelligence
Woodside Receives Key Module for $12.5B Australian LNG Project
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.
Shipping & Ports
WK NatPower, Jiangsu Port Investment Partner on Inland Electrification
Wah Kwong NatPower has signed a preliminary agreement with Jiangsu Port Investment to evaluate maritime electrification and decarbonisation opportunities in China.
Shipping & Ports
Industry Partners Launch Study on Nuclear-Powered Transatlantic Shipping
Lloyd’s Register, Maersk, and port authorities in Charleston and Felixstowe have teamed up to examine the regulatory and safety demands of nuclear-powered container transport.
Market Intelligence
ARA Bunker Supply Tightens as Prompt Lead Times Stretch to Seven Days
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.
Shipping & Ports
Hercules Tanker Management Deploys Hercules Vanessa on Maiden Voyage
Hercules Tanker Management has commenced the maiden voyage of the Hercules Vanessa, an ultra-spec tanker capable of carrying biofuels and methanol.
Market Intelligence
Suzun Marine Fuels Adds Crew Welfare Terms to Bunker Contracts
Bunker supplier Suzun Marine Fuels has integrated seafarer welfare standards directly into its commercial terms, reserving the right to decline non-compliant vessels.
Market Intelligence
Titan Clean Fuels and Sogestran Partner on Western Mediterranean LNG Bunker Vessel
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.
Shipping & Ports
Port Congestion Absorbs 2.3m TEU Ahead of Impending Fleet Supply Influx
Worsening port delays are temporarily removing significant container vessel capacity from the market as the sector anticipates a major release of tonnage.
Market Intelligence
BP Starts Production at Egypt's Fayoum-4 Gas Well Ahead of Schedule
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.
Shipping & Ports
Furetank Names New Tanker Fure Vasa in Sweden Amid Fleet Investments
Swedish shipowner Furetank has christened its intermediate tanker Fure Vasa during a ceremony in Uddevalla, marking its 40th anniversary.
Market Intelligence
B100 and Bio-LNG Competitiveness Weakens as Fuel Prices Rise
Rising bunker prices are eroding the economic appeal of alternative marine fuels B100 and liquefied biomethane compared to conventional options.
Market Intelligence
Wison and Shell Partner to Expand Floating LNG Technology Access
Shell has entered a partnership with Wison New Energies to supply its proprietary liquefaction technology across the floating LNG sector.
Market Intelligence
Cheniere Reaches 5,000th LNG Cargo Milestone and Completes Corpus Christi Stage 3
Cheniere Energy has reached substantial completion on its Corpus Christi Stage 3 project in Texas while loading its 5,000th LNG export cargo.
Shipping & Ports
DP World Names First Methanol Dual-Fuel Vessel in Aarhus
DP World's marine division, Shipping Solutions, has officially named its inaugural methanol dual-fuel vessel, DP World London, at a ceremony in Denmark.
Market Intelligence
Cheniere Reaches 5,000 LNG Cargo Milestone as Texas Expansion Boosts Capacity
Cheniere Energy has completed the third phase of its Texas facility, lifting operational capacity to 56 mtpa alongside dispatching its 5,000th LNG shipment.
Market Intelligence
India Crude Imports Drop in August as Russian Volumes Decline
Indian crude imports and the market share held by Russian supplies dropped in August amid resilient domestic demand and delayed refinery turnarounds.
Shipping & Ports
VLCC Acquisitions Rise as Owners Position for Sustained Rate Strength
Shipowners are increasing purchases of very large crude carriers amid expectations of prolonged rate gains driven by Middle East volatility.
Market Intelligence
AFRY Selected as Technical Advisor for 1.5 GW Vietnam LNG-to-Power Project
Swedish engineering group AFRY has secured a technical advisory contract for an integrated 1.5 GW floating LNG-to-power development in Vietnam.
Market Intelligence
Crude Prices Rise as US Renews Warnings Against Iran
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.
Shipping & Ports
Four Shipowners Order Four Additional Tankers in Furetank Vinga Series
A joint order by four shipowners from Sweden, Norway, and Canada expands the Furetank-designed Vinga tanker series to 26 vessels.
Market Intelligence
Middle East Conflict Adds $330 Billion to Global Energy Import Costs
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.
Market Intelligence
BW LPG Posts Record H1 2026 Earnings as Q2 Profit Hits $120 Million
BW LPG has recorded peak earnings and cash flow for the first half of 2026, driven by robust shipping returns in the second quarter.
Market Intelligence
Azerbaijan Seeks Renewable Expansion to Diversify Domestic Energy Mix
Historic oil and gas producer Azerbaijan is working to deploy renewable energy capacity to balance an energy supply overwhelmingly dominated by fossil fuels.
Market Intelligence
Crude Prices Steady Near $90 Following US Sanctions on Iran
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.
Market Intelligence
Expanded US Sanctions on Iran Increase Compliance Pressure on Ship Recycling Market
Expanded secondary sanctions by the United States targeting Iran are introducing additional compliance challenges for the global ship recycling sector.
Shipping & Ports
UK Chamber Urges Practical Measures Alongside Net Zero Port Rules
The UK Chamber of Shipping has stressed that regulatory frameworks alone cannot drive maritime decarbonisation as the government releases feedback on its net zero ports strategy.
Shipping & Ports
COSCO Shipping Ports Reports Container Throughput Growth in H1 2026
COSCO SHIPPING Ports has recorded higher total and equity throughput for the first half of 2026, despite softer container momentum at Piraeus Port.
Market Intelligence
Governments Pursue Divergent Strategies to Fund Alternative Marine Fuels
Public funding for low- and zero-emission marine fuels is expanding across major regions, with European nations targeting multiple supply chain segments simultaneously.
Shipping & Ports
Saudi-China VLCC Earnings Hit Record $647,000 Per Day
Daily supertanker earnings on the Saudi Arabia to China route have surged to historic highs as Persian Gulf export volumes increase.
Shipping & Ports
US Refinery Maintenance Trends Diverge From Historical Patterns: Gibson
Gibson Shipbrokers reports that the upcoming peak in US refinery maintenance may affect freight markets differently compared to historic trends.
Shipping & Ports
Shipowners in Sweden, Norway and Canada order four dual-fuel LNG tankers
Four shipowners across Sweden, Norway, and Canada have contracted four new dual-fuel LNG tankers, expanding the Vinga vessel series to 26 units.
Market Intelligence
Singapore and Brazil Agree to Form Green and Digital Shipping Corridor
Singapore and Brazil have signed a memorandum of understanding to establish a collaborative green and digital maritime corridor.
Market Intelligence
US Weekly Coal Exports Exceed 2 Million MT Driven by Thermal Surge
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.
Market Intelligence
Gulf States Step Up Pipeline and Port Investments Amid Hormuz Tensions
Gulf nations are redirecting capital into port and pipeline infrastructure to reduce maritime exposure to the Strait of Hormuz.
Market Intelligence
RINA Introduces Mermaid Propulsion Design to Cut Vessel Fuel Use and Emissions
Classification society RINA has launched a propulsion concept called Mermaid, engineered to cut vessel emissions and reduce reliance on auxiliary engines.
Market Intelligence
Emvolon Inks $450m Biomethanol Offtake and Financing Deal with Freepoint
Biomethanol developer Emvolon has finalized supply and financing agreements with Freepoint Commodities to deliver up to 300,000 tonnes of fuel annually.
Shipping & Ports
Wind-Assisted Propulsion Complements Dual-Fuel Fleet Strategy
Combining wind assistance with dual-fuel capability helps shipowners manage future fuel risks by prioritising lower consumption, according to BAR Technologies.
Shipping & Ports
Four New VINGA Product Tankers Ordered by Nordic and Canadian Owners
A consortium of shipowners from Sweden, Norway, and Canada has contracted four VINGA product tankers for delivery across 2028 and 2029.
Market Intelligence
Oil prices ease on reports of Venezuelan supply and Strait of Hormuz talks
Crude markets trended slightly lower on Friday as traders evaluated potential Venezuelan supply changes and developments in the Middle East.
Shipping & Ports
KfW IPEX-Bank Backs Methanol Dual-Fuel Bulker Duo with €79.3m Loan
German financier KfW IPEX-Bank has agreed to provide €79.3 million in credit for two methanol dual-fuel self-unloading dry bulk vessels.
Shipping & Ports
IAEA Launches Maritime Nuclear Energy Initiative in Washington
The International Atomic Energy Agency has introduced its ATLAS programme to advance licensed maritime atomic technologies during an event in Washington, D.C.
Market Intelligence
Ammobia and Lummus Technology Partner to Commercialise Modular Ammonia System
Lummus Technology has partnered with San Francisco-based Ammobia to license and globally deploy its modular low-carbon ammonia production technology.
Shipping & Ports
Hormuz Talks Ease Oil Prices While Freight Rates Hold at Record Highs
Crude values have fallen following diplomatic engagement between Iran and Oman, though maritime transport costs persist at historic peaks.
Market Intelligence
European LNG Prices Surge to Highest Point Since 2023
Liquefied natural gas prices in Europe have climbed to their highest levels since 2023 following shipment disruptions and depleted storage reserves.
Shipping & Ports
COSCO Shipping Ports Handles Over 80m TEUs as H1 Volumes and Revenue Rise
COSCO Shipping Ports posted a 7.9% increase in first-half throughput alongside double-digit revenue growth and plans to scale up clean energy adoption.
Shipping & Ports
Torm Warns Prolonged Iran Conflict Threatens Sustained Hormuz Risks and Costs
Danish tanker operator Torm has cautioned that extended conflict in Iran could prolong shipping risks and elevated freight expenses in the Strait of Hormuz.
Shipping & Ports
Port Qasim Begins $250M Dredging Project as Transshipment Surges
Port Qasim is expanding its navigation channel through a $250 million dredging programme to handle larger vessels following a sharp increase in transshipment traffic.
Market Intelligence
Clean Shipping Coalition Urges IMO Members to Uphold Net-Zero Framework
Environmental organisations have called on International Maritime Organization member states to maintain backing for the Net-Zero Framework ahead of key climate talks.
Market Intelligence
Petrobras Cleared for Barge Bunkering at Port of Suape
Petrobras has secured clearance to supply marine fuel via barge to international vessels calling at the Port of Suape.
Market Intelligence
Turkey Boosts Diesel Inflows from US and India to Record Highs
Turkish buyers have expanded diesel purchases from India and the United States to unprecedented levels in August amid supply shifts.
Market Intelligence
Petrobras Restarts VLSFO Bunker Supplies at Port of Itaqui
Petrobras has resumed VLSFO bunker deliveries at Brazil's Port of Itaqui following deferred pipeline maintenance, while LSMGO sales remain suspended.
Market Intelligence
DNV: IMO Framework Could Increase Green Bunker Demand Fivefold by 2050
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.
Market Intelligence
Callao Launches Latin America's First Shore Power System
Peru's Port of Callao has introduced cold ironing capabilities, becoming the first facility in South America to provide shore power for commercial vessels.
Market Intelligence
Davie Wins $8B Contract to Build Six Icebreakers for Canadian Coast Guard
Davie Shipbuilding has secured a fixed-price deal valued at US $8 billion to construct six icebreakers for the Canadian Coast Guard.
Market Intelligence
Gulf States Direct Capital to Ports and Pipelines Amid Regional War
Gulf countries are adapting their investment strategies to fund energy pipelines and port projects as conflict involving Iran alters global trade routes.
Market Intelligence
Indian Coal Power Plants Face Critical Fuel Supply Shortages
Elevated electricity consumption and monsoon delivery disruptions have reduced coal reserves across dozens of Indian generation facilities.
Shipping & Ports
Global Shipping Faces Mounting Expenses to Maintain Key Trade Passages
Maritime operators are facing significantly higher costs to secure vessel transits amid compounding geopolitical, environmental, and regulatory hurdles.
Shipping & Ports
Encomara Advances Squid Floating Wind System to Commercial Readiness
Encomara has achieved Technology Readiness Level 7/8 for its Squid floating offshore wind connection system following Scottish port trials recognized by ABS.
Market Intelligence
US Utility-Scale Battery Storage Capacity Approaches 52 GW After Rapid Growth
Operational utility-scale battery storage capacity in the United States reached nearly 52 GW following strong additions through mid-2026, according to official data.
Shipping & Ports
Himalaya Shipping Secures Fixed Charters for Newcastlemax Pair into 2027
Himalaya Shipping has converted two index-linked newcastlemax bulkers to fixed-rate contracts averaging $53,000 daily through early next year.
Market Intelligence
US-Canada Natural Gas and Electricity Trade Value Rose in 2025
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.
Market Intelligence
Middle East Crude Shipments Through Strait of Hormuz Increase
Crude oil flows through the Strait of Hormuz are climbing as Middle Eastern producers expand their export volumes despite ongoing regional tensions.
Market Intelligence
US Gulf Coast Waterborne Petroleum Shipments Climb in April and May
Waterborne movements of crude oil and refined products from the US Gulf Coast to domestic coastal markets increased significantly in April and May.
Market Intelligence
Port of Drammen Adopts Portchain Connect for Berth Alignment
Greenport Services has introduced Portchain Connect at the Port of Drammen to streamline berth alignment operations with container carriers.
Shipping & Ports
Owners Expand Vinga Tanker Series with Four-Ship Order at China Merchants
A consortium of European and Canadian shipowners has placed an order for four product tankers in China, expanding the Vinga vessel series to 26 ships.
Shipping & Ports
Chinese Container Carriers Set for Profit Surge as Freight Rates Hit Two-Year High
Stronger freight rates driven by trade tariff concerns and ongoing logistics disruptions are expected to deliver substantial profit gains for Chinese box carriers.
Shipping & Ports
Hafnia Exits Andromeda Tanker Joint Venture With $13.3m Profit
Product tanker operator Hafnia has sold its 50 percent stake in two MR tankers held via a joint venture with Andromeda Shipping.
Market Intelligence
Black Sea Shipping Disruptions Drive Up Global Wheat Prices
Wheat values have climbed as maritime conflict in the Black Sea causes grain export volumes from both Russia and Ukraine to decline sharply.
Shipping & Ports
Japan to Review International Shipping Tax Regime
Japan is planning an overhaul of its maritime tax framework as policymakers place greater emphasis on shipping as an economic security priority.
Market Intelligence
Middle East Oil Exports Recover Toward Pre-Conflict Levels, Goldman Sachs Says
Outbound crude and product shipments from the Persian Gulf have rebounded to approximately two-thirds of pre-war averages, according to Goldman Sachs.
Market Intelligence
Dangote to Construct $17 Billion Crude Oil Refinery in Kenya
A planned 700,000 barrel-per-day refinery on Kenya's Lamu Island will process crude for domestic use and neighboring East African markets.
Market Intelligence
Cyprus Gas to Feed Egyptian LNG Infrastructure from 2028
The approved offshore Cronos development in Cyprus is slated to supply natural gas to Egypt for liquefied natural gas exports beginning in 2028.
Market Intelligence
Dangote Refinery Powers Seven-Fold Surge in Nigerian Fuel Exports
Seaborne petroleum product exports from Nigeria have multiplied seven-fold since 2023, bolstered by output from the Dangote refinery amid tight global supplies.
Market Intelligence
Alkagesta publishes 1H 2026 performance update with FY 2025 annual report
The trading group reports expansion into crude oil, a scaling Singapore marine fuels business and progress on its European Jet A1 distribution platform.
Energy Trading
Alkagesta adds EU ETS allowances to its carbon trading offering
The Malta-based commodity trading group has extended its carbon markets desk to cover EU Emissions Trading System allowances alongside CORSIA-eligible SAF and biofuels.
Commodity Trading
Alkagesta joins the Platts EMEA naphtha physical Market on Close process
Approval to participate in the S&P Global Commodity Insights benchmark process follows an editorial review of the trading house's European naphtha activity.
Oil Trading
Jet fuel squeeze spreads from Asia towards Europe and the Americas
Reporting across four continents points to an aviation fuel shortage that began in Asia and now threatens schedules further west.
Fuel Oil Logistics
Alkagesta signs multi-year biofuel storage agreement in Antwerp
The Malta-based trading house has secured multi-year tank capacity in Antwerp, deepening its footprint in the northwest European biofuels market.
Market Intelligence
The people and culture behind a growing commodity trading house
A profile of how leadership and talent development underpin Alkagesta's expansion.
Fuel Oil Trading
Alkagesta advances West Africa growth strategy with delegation to Cote d'Ivoire
An executive visit signals intent in a region where fuel demand is growing faster than local supply infrastructure.
Energy Trading
Alkagesta granted access to NATO jet fuel pipeline system in Europe
Access to the CEPS network positions the trader to move jet fuel and SAF into major European airports.
Energy Trading
Alkagesta awarded ISCC CORSIA certification to supply SAF
Certification is the practical gateway to selling sustainable aviation fuel into schemes that require verified chain of custody.
Commodity Trading
Alkagesta charts growth and strategy at 2025 global town hall
The trading group used its annual gathering to set out priorities for the year ahead.
Fuel Oil Logistics
Alkagesta strengthens position across the European biofuels value chain
Trade press reports describe a build-out spanning feedstock through to blended supply.
Fuel Oil Trading
Alkagesta joins IBIA as a corporate member
Membership of the marine fuels body accompanies reported growth in the trader's Singapore bunkering operation.
Commodity Trading
Alkagesta and Navex launch Alkanavex joint venture in metals trading
The partnership takes the energy trader into metals, a market with different financing and logistics demands.
