Bunker Fuels

CPN's Zhong Ran 23 bunker barge is the first to be listed under Hong Kong's new MFM-based quality scheme

BIMCO's new clause assigns liability to charterers for issues arising from substandard biofuel supplied to vessels.

Moeve is expanding its bunker barge fleet to supply 100% biofuels, driven by rising demand for low-carbon shipping.

Norway's shipping industry utilized 9% of the country's total biofuel sales in 2025, amounting to 59 million litres

Singapore's MPA foresees a prolonged multi-fuel era for shipping due to fragmented regulations and infrastructure.

Oil prices continued their downward trend as markets awaited details on a US-Iran peace deal that could reopen the Strait of Hormuz

Cushing crude oil inventories have dropped to critical levels, nearing the operational minimum amid a global supply crunch.

US natural gas prices remained stable around $3.14 per MMBtu, supported by a rebound in LNG export activity.

Marine fuel quality alerts have surged due to catfines and sediment, impacting global shipping operations

Molgas Energy Group completed the first LNG bunkering operation at Italy's Port of Palermo, using three trucks to fuel a ferry.

UK natural gas prices hit a five-week low after a peace deal was reached between the US and Iran, easing market tensions

Singapore's port saw a 6.8% year-on-year drop in May bunker sales, though monthly sales increased from April

VLSFO samples from Singapore showed high cat fines and elevated acid numbers, exceeding ISO 8217 specifications.

Major ship charterers and operators made limited progress on decarbonization targets in 2025, despite biofuel adoption

Extended vessel idling in the Arabian Gulf due to the Strait of Hormuz closure creates fuel quality management challenges

India's crude oil imports increased by over 3% in April from March, totaling 20.08 million metric tons.

The global oil market's current stability is precarious, heavily relying on China's subdued crude import demand.

Geopolitical instability and the Iran war disrupted European energy markets in H1 2026, impacting LNG flows and raising gas prices

WTI Midland crude oil differentials fell on Friday as Moeve offered a cargo at a reduced price, with no deals closed

U.S. Energy Secretary Chris Wright indicated American refineries could handle more Venezuelan crude oil, potentially boosting exports

Iran's Kharg Island, vital for oil exports, is now a key focus in the conflict involving the US and Israel

Dirty tanker spot freight rates remained elevated in May, supported by long-haul demand, despite a slight dip from March highs

The US will not impose an oil export ban to curb prices, focusing instead on filling the Strategic Petroleum Reserve.

Initial estimates of crude oil supply losses from the Gulf region after the Iran war began were higher than actual figures

Capital Clean Energy Carriers and CMA CGM have formed a joint venture to build and operate a 20,000 cbm LNG bunkering vessel

Norwegian Energy Trading AS renewed its ISCC EU certification, confirming compliance for its growing biofuel trading operations.

Kinkai Yusen will conduct a B24 biofuel bunkering demonstration for its Ro-Ro vessel Nanotsu at Hakata Port.

Hong Kong's Marine Department launched two new incentive schemes to encourage the use of alternative maritime fuels

Geopolitical events in the Middle East have dramatically changed the outlook for the LNG market, moving away from an anticipated oversupply

The US Treasury Department has sanctioned Cuba's state oil company, Union Cuba Petroleo (CUPET), hindering fuel imports.