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Iran War Adds €340 Million/Day to Shipping's Bunker Bill, Says T&E
Mar 27, 2026 ... estimates that shipping companies are now paying an additional €340 million per day in bunker fuel costs due to the ongoing Iran conflict affecting energy markets. Since February 28, ...
UECC Sees Sharp Drop in CO2 Emissions on Bio-LNG Use
Mar 27, 2026 ... on its website on Thursday. Alternative fuels accounted for 42% of the firm’s total bunker consumption in 2025. Bio-LNG’s share of LNG usage jumped to 71% in 2025 from 31% a ...
Malaysia Detains Two Tankers Over Suspected Illegal Bunkering
Mar 27, 2026 ... authorities have detained two tankers suspected of illegal bunkering off Perak. The vessels were intercepted at around 8:00 PM local time on Monday, about 11 nautical miles east of ...
Singapore Court Orders Winding Up of Bunker Firm Costank
Mar 27, 2026 ... High Court of Singapore has ordered the winding up of bunkering firm Costank (S) Pte Ltd. The winding-up order was issued on March 20, according to a notice published in the ...
Japan Pushes to Drop IMO Fund Payments in Net-Zero Framework
Mar 27, 2026 ... Japan calls for changes to the Net-Zero Fund mechanism, aiming to shift compliance from payments to market-based trading. ...
Glocal Green Signs Green Methanol Supply Deal with Heidelberg Materials
Mar 27, 2026 ... offtake agreement with Heidelberg Materials’ Norwegian unit, alongside plans to establish a bunkering facility at Breviksterminalen in Norway. A core part of the deal is the development ...
Asia Bunkering Update
Mar 27, 2026 ... fuel oil exports to Singapore set to hit 11-month high Singapore unlikely to run out of bunker fuel at least in the near term Availability tightens in Japan Supply is stable ...
Texas Supreme Court Rejects Bid for Tax Refund on Bunker Sales
Mar 26, 2026 ... Supreme Court of Texas has rejected an appeal from a local bunker supplier seeking a tax refund on marine fuel sales.  NuStar Energy had requested a $2.4 million franchise tax ...
China Ships First Domestically Blended Marine Biofuel to Qingdao
Mar 26, 2026 ... marine biofuel blending under a Zhoushan pilot programme, as previously reported by Ship & Bunker. The blend is estimated to cut carbon emissions by around 20% compared to conventional ...
Pacific Islands Push IMO to Tighten CII Amid Net-Zero Framework Delay
Mar 26, 2026 ... The countries oppose any changes to the NZF, arguing it is already heavily compromised ...
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Crude Futures Jump as President Trump Signals Weeks of Iran Strikes Ahead

Crude Futures Jump as President Trump Signals Weeks of Iran Strikes Ahead

President Trump signalled that US military actions against Iran may continue for the next 2-3 weeks.

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WTI Hits 6 Year High As Investors Now Doubt Trump's Vow to End Iran War Soon

WTI Hits 6 Year High As Investors Now Doubt Trump's Vow to End Iran War Soon

Meanwhile, OPEC may release more oil to compensate for Hormuz closure.

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Over 40 Nations Join UK Talks Urging Strait of Hormuz Reopening

Over 40 Nations Join UK Talks Urging Strait of Hormuz Reopening

Countries plan diplomatic pressure, possible sanctions and efforts to free stranded ships.

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