Fuel Oil News

Yesterday HUAJING LNG TRANSPORT PTE. LTD. (HLT), a joint venture company in which NYK participates, held a naming ceremony for a new liquefied natural gas (LNG) carrier for the CNOOC Group, a Chinese state-owned energy company.The ceremony took place at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China, where the vessel is being built, and the ship was named “GREENERGY RIVER.”  The ceremony was attended by NYK Senior Managing Executive Officer Hironobu Watanabe and other related parties.HLT is a joint venture company comprising NYK; CNOOC Gas and Power Singapore Trading & Marketing Pte.

Singapore has issued eight new licenses to supply liquefied natural gas as a marine fuel in Singapore from September 1, 2026, the Maritime and Port Authority of Singapore said on Thursday.The new licences will expand Singapore's LNG bunkering capacity to meet growing demand expectations and support a multi-fuel bunkering hub.The licences were awarded to companies including Aramco Trading Singapore, Equatorial Marine Fuel Management Services, ExxonMobil Asia Pacific, PetroChina International Singapore, Shell Eastern Trading, Sinopec Fuel Oil Singapore, the TotalEnergies Gas & Power Asia-Sembcor

Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday.Eleven commodity vessels passed through the Bab el-Mandeb strait on Sunday, the lowest level in months, the data showed.Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports…

The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after disruptions to Gulf trade routes earlier this year.The alternative route is a further example of shippers seeking ways to move supplies around the world that circumnavigate the Strait of Hormuz, which has been effectively closed for several months…

Just three commodity vessels crossed the Strait of Hormuz on Thursday, the fewest daily transits since May, shipping data showed, with most ships halting or making U-turns after recent Iranian attacks on vessels and the resumption of a U.S. blockade on Iran-related shipping.The re-escalation in fighting between the U.S. and Iran has once again largely stopped traffic through Hormuz, the world's most important shipping route for oil and gas, driving up global energy prices.Miraan…

Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries escalating strikes across the Gulf, shipping data showed.Nine vessels crossed the strait on Wednesday, mostly on the Iranian route, down from 13 the previous day, Kpler data showed.There were no Very Large Crude Carrier or liquefied natural gas tankers visibly passing through the strait on Wednesday.U.S. Central Command…

Lloyd's Register (LR) has warned that ship operators are facing a growing risk from fuels that appear compliant under routine ISO 8217 testing but still present operational risks once onboard.According to LR’s latest Fuel Oil Bunker Analysis and Advisory Service (FOBAS) Fuel Quality Report, covering the first half of 2026, off-specification fuels remain a persistent challenge. However, some of the most disruptive cases now involve fuels that pass routine compliance testing but show poor stability or compatibility…

Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States, but sales have been slow as China's independent refiners have turned to cheaper crude from Iraq, the UAE and Qatar.The return of U.S. sanctions this week risks leaving Tehran with more cargoes searching for buyers just as shipments arrive in Asia.In recent weeks, independent Chinese refiners based in the eastern oil hub of Shandong, known as teapots, bought 16 million to 20.5 million barrels of crude from Qatar…

NYK has named newly built very large gas carrier (VLGC) Lyla Pathfinder, its eighth dual-fuel LPG carrier using liquefied petroleum gas as fuel.The naming ceremony took place on July 7 at Kawasaki Heavy Industries' Sakaide Works.Upon completion, the vessel will be chartered by UAE-based BGN for the global transportation of LPG.Lyla Pathfinder is equipped with a dual-fuel engine capable of operating on heavy fuel oil and LPG. It uses rotational energy from the shaft connecting the main engine to the propeller for power generation…

While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed.The latest Middle East crisis tested the limits of the modern energy system, which has evolved over recent decades into a highly interconnected global market held together by thousands of tankers…

For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints, rising electricity demand and water scarcity are making floating nuclear power a more serious proposition for policymakers, utilities, and infrastructureFloating Nuclear offers a potential source of reliable, low-carbon electricity and heat (and…

Master Boat Builders delivered Saturn for Suderman & Young Towing Company, the first vessel in a new series of Rapport 3000 escort tugs. Saturn is the first of four vessels in this series.Saturn continues to raise the bar in escort tug capability. Measuring 98 x 43 ft. with a bollard pull capacity of more than 90 metric tons, the vessel is powered by two engines producing a combined 7,000 hp and is capable of approximately 13 knots. Designed to accommodate a crew of six, the Saturn carries 44…

Four liquefied natural gas tankers controlled by Qatar headed into the Strait of Hormuz on Monday, despite a fall in ship traffic after Iran announced that it had again closed the waterway over the weekend, shipping data showed.The tankers - Wadi Al Sail, Mekaines, Al Sadd and Mesaimeer - entered the strait via the Iranian route for the first time since the U.S.-Israeli war with Iran started, shiptracking data from analytics firm Kpler showed.QatarEnergy, whose LNG exports have been heavily curbed since the war began on February 28…

Spot premiums for crude and some refined products in Asia, Europe and Africa have fallen back following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shipping can resume is providing a floor for oil markets.Prices tumbled across the board on Monday after U.S. President Donald Trump said a preliminary agreement had been signed. Details, however, have not been made public and both the U.S. and Iran said a permanent truce is yet to be negotiated.Middle East crude benchmark Dubai's premium to swaps returned to pre-war levels of $2.06 per barrel on Monday.

Sallaum Lines has placed an order for two next-generation 8,600-CEU Pure Car and Truck Carriers (PCTCs) at Xiamen Shipbuilding Industry Co., Ltd. (XSI), with options for two additional vessels, marking the largest shipbuilding investment in the company’s history and accelerating its fleet modernization strategy.The newbuilds, each with a capacity of 8,600 car equivalent units (CEU), will significantly expand the company’s finished vehicle logistics capabilities while supporting its long-term decarbonization goals.

Shipping companies including Maersk and mining giant Vale are turning to ethanol as a marine fuel to cut emissions as abundant supply and lower cost make it more attractive than other low-carbon fuels, with further commercial usage expected as early as next year.The use of ethanol in shipping could open a new demand channel for the fuel, which in some countries is blended into gasoline, while offering shipowners another pathway to cut conventional fuel use to meet emission reduction…

The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on."If you want to know how seriously to take the threat of an energy crisis, look at container shipping rather than oil markets because the risk is priced into the spiraling freight rates far more clearly," said Peter Sand, chief…

Shore power is shifting from a local environmental measure to a key operational and regulatory consideration for shipowners, according to DNV’s latest white paper “Shore Power in Shipping: Technology, regulation and implementation.” As regulatory pressure builds in Europe, California and parts of Asia, access to shore power is shaping compliance and operating costs during port stays.Historically a voluntary option for saving energy and reducing emissions in ports, shore power is becoming part of baseline compliance considerations for many shipowners.

Swiss marine power company WinGD’s first ethanol-fueled X-DF-M/E engines have been ordered for two ore carriers to be built for Chinese owner Shandong Shipping Corporation and to operate under long-term charters for Brazil-headquartered global mining company Vale. The two Newcastlemax (325,000 DWT) vessels will be built by Beihai Shipbuilding in China, and will each be powered by a six-cylinder, 820mm-bore 6X82DF-M/E engine intended to run primarily on ethanol fuel.The engines will be the first of the X-DF-M/E platform optimized for primarily ethanol use.

BHP and the Global Centre for Maritime Decarbonisation (GCMD) have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.At the same time…

Two tankers carrying oil products exited the Strait of Hormuz over the past week, while a liquefied natural gas carrier loaded cargo in the United Arab Emirates, shipping data showed - rare movements as traffic through the chokepoint remains limited.Several tankers have managed to leave the Gulf in the past month, but oil and LNG flows are still severely constrained by the U.S.-Israeli war on Iran, which began on February 28. About a fifth of global oil and LNG supply normally passes through the Strait of Hormuz.Aframax tanker Cy Victorious…

The Iran war is starting to shape China's imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals.The headline-grabbing number from the figures released last week by customs was the slide in arrivals of crude oil, with the world's biggest importer taking in 9.37 million barrels per day (bpd), the lowest in almost four years.April's imports were down 20% from the same month in 2025 as seaborne imports from the Middle East declined sharply amid the effective closure of the Strait of Hormuz since the U.S.

Sanmar has completed the delivery of the ASD harbor tug LAGANMAN to Belfast Towage in Northern Ireland. The vessel has arrived at the Port of Belfast following a delivery vovage from Türkiye, carried out by one of Sanmar's experienced delivery crews.Built at Sanmar's Altinova Shipyard, the tug was built under the project name Sirapinar XXIII during construction. LAGANMAN is based on the RAmparts 2200 design developed by Canadian naval architects Robert Allan Ltd.LAGANMAN joins Masterman and Merchantman as the third Sanmar-built tug delivered to Belfast Towage…