Strait of Hormuz Disruptions Could Reduce Global Tanker Demand
Disruptions in the Strait of Hormuz are reshaping global oil trade, threatening a decline in tanker demand.
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Disruptions in the Strait of Hormuz are reshaping global oil trade, threatening a decline in tanker demand.

Geopolitical tensions near the Strait of Hormuz are causing a widening gap in bunker fuel availability across global markets
Extended vessel idling due to the Strait of Hormuz closure presents critical fuel quality management challenges for operators
Seascale Energy and Lloyd's Register Advisory are collaborating to share knowledge on low-carbon fuels and maritime decarbonization.
A Mercuria executive warns of an impending fuel crisis that could idle 10% of the global shipping fleet.
An Indian firm will export 250,000 mt/year of e-methanol to Sri Lanka for bunkering, supporting green shipping initiatives
US natural gas futures dropped nearly 2% as high inventories and weaker LNG export flows pressured prices.
Maersk's Laura Maersk container ship was bunkered with 100% ethanol for the second time in the Port of Rotterdam.
ORLEN launched a market survey for stakeholder input on its small-scale LNG and bioLNG supply infrastructure in Poland and Lithuania
Rotterdam's B30-VLSFO biofuel bunker price saw a $9/mt increase, despite a significant $64/mt drop in POMEME feedstock costs
Speculators reduced net-long bets on ICE Brent futures, with new short positions driving the market shift.
US energy companies have increased their active oil and natural gas rig count for the seventh consecutive week.

OPEC+ is set to approve its fourth monthly oil output target increase, influencing global oil markets and bunker prices.

PortMiami's director was removed as Miami-Dade County advances plans for a new Fisher Island fuel terminal.

PortMiami's director was ousted as discussions continue regarding a proposed fuel terminal on Fisher Island
Geopolitical tensions in the Middle East are reshaping shipping fuel strategies and the commercial viability of alternative fuels.
India's bunker fuel demand rose in May, fueled by improved supply and competitive pricing at key West Coast ports.
Rosneft CEO Igor Sechin warned that no single nation could swiftly replace oil supplies lost due to Middle East instability
GIT Coatings introduced XGIT-VORTEX, a graphene-based propeller coating designed to enhance vessel performance and reduce fouling
Houston's bunker fuel market sees strong demand and tight availability, with extended lead times due to terminal congestion

Oil prices saw a minor decrease as Oman's Mina al Fahal port confirmed normal operations, easing earlier disruption fears

BW Epic Kosan is expanding its use of GIT Coatings on its LPG fleet after achieving significant fuel savings
New data shows continued investment in methane decarbonization for shipping, despite geopolitical and regulatory challenges.
US crude oil stockpiles decreased by 8 million barrels, surpassing analyst predictions for the week ending May 29.

Trafigura warns that the Middle East conflict has removed over 1.1 billion barrels of oil from global markets, prolonging the energy crisis
ATH Trading's 7,000 cbm bunker tanker, ATH Lemba, is back in operation along the Angolan coast after maintenance.
The UAE has become India's second-largest crude oil supplier in May, surpassing Saudi Arabia amidst Strait of Hormuz disruptions
US crude oil inventories dropped sharply by 7.974 million barrels, surpassing forecasts and potentially impacting bunker fuel costs
Global tanker markets faced downward pressure in late May, but MR product tanker rates diverged sharply across Atlantic routes
IBIA hosted a reception in Athens, bringing together global bunker, shipping, and marine energy leaders ahead of Posidonia 2026
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