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Early Indications Show VLSFO Price Rises of Around 10% at Key Hubs Following Iran Strikes
Mar 2, 2026 ... be more severely affected than other marine fuel grades because of the Middle East refining industry's high output of middle distillates. ICE March low-sulfur gasoil futures traded at $904/mt ...
QatarEnergy Halts LNG Production After Attacks
Mar 2, 2026 ... of LNG and associated products, it said in a press release on Monday. "Due to military attacks on QatarEnergy's operating facilities in Ras Laffan Industrial City and Mesaieed ...
Crew Member Killed in Strike on Tanker Off Oman
Mar 2, 2026 ... and one Ukrainian, was evacuated by the Panama-flagged vessel MV Sand. The tanker was carrying 59,463 mt of cargo at the time of the incident. A tanker previously sanctioned by the US ...
New Ship Attack Reported in Bahrain
Mar 2, 2026 ... Port of Bahrain at 2:57 AM UTC on Monday, the UK Maritime Trade Operations agency said in an advisory note on its website. "The Company Security Officer reported that the vessel had been ...
Eight OPEC+ Members Announce April Output Increase
Mar 2, 2026 ... countries decided to resume the unwinding of the 1.65 million barrels per day of additional voluntary adjustments announced in April 2023 and agreed on a production adjustment of 206 thousand ...
MPA Adds Hunter Marine to Singapore Licensed Bunker Surveyor List
Mar 2, 2026 ... an increase from the 37 licensed bunker surveying companies included in the list published on January 1, 2026. Australia-based Hunter Marine Surveyors was established in 1999 by Captain Andrew ...
Saudi Arabia's Ras Tanura Refinery Shut Down After Drone Attack: Report
Mar 2, 2026 ... producer Saudi Aramco has reportedly shut down the Ras Tanura refinery - the largest refinery in the region - following a drone attack. The 550,000 b/d refinery has been shut down as a ...
Platts Suspends Bids and Offers for Products Shipments Transiting Strait of Hormuz
Mar 2, 2026 ... grades that require ships to transit the strait. The US and Israel attacked a series of military facilities in Iran on Saturday, killing Ayatollah Ali Khamenei and several other senior ...
Most Middle East Ports Operating Normally Despite Isolated Incidents
Mar 2, 2026 ... the UAE. In Dubai, operations at Jebel Ali Port resumed at 18:00 GST on Sunday after a temporary halt, according to an advisory issued by GAC Hot Port News on its website on ...
World Shipping Council Warns of Wider Trade Impact from Middle East Crisis
Mar 2, 2026 ... services while assessing the evolving security situation. Seafarer safety remains the industry’s top priority, Joe Kramek, President and CEO of WSC, said in an email statement on ...
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K Line Secures Bio-LNG Supply for LNG-Fuelled Car Carriers

K Line Secures Bio-LNG Supply for LNG-Fuelled Car Carriers

The company has already started using the fuel to power its LNG dual-fuel car carriers.

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CMA CGM Takes Delivery of Methanol-Fuelled Boxship in South Korea

CMA CGM Takes Delivery of Methanol-Fuelled Boxship in South Korea

The vessel will operate on the route between Asia and the East Coast of South America.

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EU Sees Iran Conflict Impact on Energy Markets as Not Short-Lived

EU Sees Iran Conflict Impact on Energy Markets as Not Short-Lived

EU Energy Commissioner Dan Jorgensen says the bloc's oil import bill has risen by €14 billion since the start of the conflict.

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