Straits Bio-LNG joins SEA-LNG

Straits Bio-LNG, a biofuel supplier based in Singapore, has joined the SEA-LNG alliance, which is the industry advocate group supporting LNG as a maritime fuel. The coalition’s newest member comes as LNG now accounts for the majority of alternative fuel vessel orders. And as more LNG-fueled boats have come into service, LNG bunkering volumes have

ADNOC Gas signs 14-year LNG supply agreement with IOC

ADNOC Gas plc and its subsidiaries a world-class integrated gas processing company, announced a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil) for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company. This agreement converts the

Hanwha in talks for $1.2b LNG vessel deal with Hapag-Lloyd

Hanwha Ocean is reportedly nearing a $1.2 billion deal with German shipping company Hapag-Lloyd to supply six dual-fuel container carriers powered by liquefied natural gas (LNG). According to reports from Norway-based maritime news outlet TradeWinds and local media on Sunday, the deal is based on unfinalized orders placed by Hapag-Lloyd in 2021 with what was

Port of Rotterdam bunkers 9.8 million tonnes in 2024

The Port of Rotterdam has reported that maritime vessels bunkered 9.8 million tonnes of fuel in 2024, a moderate decline from 9.9 million tonnes in 2023. In 2024, demand for fuel oil, marine petrol oil, and other fuels was 0.9 per cent lower than in 2023. The Port of Rotterdam observed that demand for LNG

VECV partners with Baidyanath LNG to deploy 500 LNG trucks

VE Commercial Vehicles (VECV) Limited, a joint venture between Volvo Group and Eicher Motors, signed an agreement with Baidyanath LNG Pvt Ltd for the deployment of 500 Eicher Pro 6055 LNG trucks. The agreement was finalized during the Bharat Mobility Global Expo 2025. The initiative aims to expand the use of liquefied natural gas (LNG)

LNG powers unprecedented year for orders of alternative-fuelled vessels

According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform, the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels. A total of 515 such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry’s growing commitment to decarbonization. The growth in alternative-fuelled

Newbuilds returning to LNG amid green methanol shortages

The World Economic Forum estimates that since 90% of global trade occurs in the ocean, seagoing boats are responsible for nearly 3% of global greenhouse gas emissions. Although there are differing views on how to do this, the shipping industry is committed to stepping up its efforts to reach the Global Maritime Forum’s aim of

LNG exports grow at slowest pace since 2015

Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise 0.4% to roughly 414 million tons this year. Delays to US projects and sanctions against Russia’s newest facility curbed new supply into the market.

Swan Energy, AG&P to form JV for LNG ops, storage unit

Swan Energy has signed a preliminary agreement with Singapore’s AG&P Terminals & Logistics to form a joint venture (JV) to enable supply of liquefied natural gas (LNG) in India and other countries. Swan Energy will hold a 51 percent stake in the JV and AG&P LNG will own the remaining.  The transaction is subject to

GTT gets class nod for three-tank LNG carrier design

Lloyd’s Register has granted an approval in principle (AiP) for GTT’s new 200,000-m³ LNG carrier concept, featuring slow-steaming navigation and three tanks instead of the traditional four.  The 200,000-m3 LNG carrier design offers environmental and economic advantages, including approximately 27% reduction in voyage-based emissions intensity and a decrease in unit freight cost by up to