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Oil Spill Warning as Laden VLCC Attacked Near Dubai: Report
Mar 31, 2026 ... have warned of a potential oil spill near Dubai after a laden VLCC came under attack in the area overnight. The Kuwaiti VLCC Al Salmi was struck in an Iranian attack at ...
Yanbu Crude Exports Surge as Just 13 Tankers Transited Hormuz Last Week
Mar 30, 2026 ... bbls in a normal week. With Hormuz traffic still about 95% below pre-conflict levels, alternative routes have taken on greater importance. The increase in Yanbu exports reflects full ...
Titan Signs E-Methane Offtake Deal with Producer TURN2X
Mar 30, 2026 ... bunker supplier Titan Clean Fuels has signed an offtake agreement with green energy firm TURN2X to supply e-methane to the maritime sector from 2028. TURN2X will produce ISCC-certified ...
Argentina, Panama and Liberia Propose Pragmatic IMO NZF Backing LNG
Mar 30, 2026 ... and preserves a role for LNG in shipping's energy transition. The countries raised concerns that existing proposals risk penalising transitional fuels such as LNG and marine biofuels ...
US Warns Houthis Still Pose Threat to Shipping in Red Sea
Mar 30, 2026 ... US has issued a new advisory warning that Yemen’s Houthi forces continue to pose a threat to commercial shipping across the Red Sea, Bab el Mandeb Strait and Gulf of Aden. Although ...
Forget $150 Oil: Brace For $200, Say Analysts As Iran War Duration Assessed
Mar 27, 2026 ... across the Persian Gulf. Darrell Fletcher, managing director for commodities at Bannockburn Capital Markets, remarked, “No one is going home short while there are no clear signs of ...
UECC Sees Sharp Drop in CO2 Emissions on Bio-LNG Use
Mar 27, 2026 ... a 45% reduction from its 2014 baseline, it said in a statement on its website on Thursday. Alternative fuels accounted for 42% of the firm’s total bunker consumption in ...
Singapore Court Orders Winding Up of Bunker Firm Costank
Mar 27, 2026 ... order was issued on March 20, according to a notice published in the city-state's Government Gazette on Thursday. The case was brought by Zhu Ling under the Insolvency, ...
Shipping Banks Face Hidden Systemic Risk from Energy Transition: UCL Study
Mar 27, 2026 ... by conservative loan-to-value ratios. However, the study highlights a more structural concern: systemic refinancing risk. Because ship loans typically run for 5-7 years while vessels ...
Japan Pushes to Drop IMO Fund Payments in Net-Zero Framework
Mar 27, 2026 ... arguing that expanding trading would give shipowners more flexibility while addressing concerns from some member states that mandatory payments resemble a global carbon tax. The country ...