European wholesale natural gas prices spiked to their highest levels since early 2023, driven by mounting fears that escalating military confrontation involving Iran could disrupt vital energy transit through the Strait of Hormuz. Benchmark Dutch TTF gas futures...

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Goldman Sachs raised its Brent and WTI crude price forecasts on Sunday, expecting shipping disruptions in the Middle East to persist into next year. The team, led by Daan Struyven, lifted its Brent/WTI forecasts by $5 to $85/80 per barrel for December 2026 and to...

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Chinese producer CIMC Enric supplied a large bio-methanol stem to a Nippon Yusen Kabushiki Kaisha (NYK) Group bulk carrier at the Lantau Anchorage in the Port of Guangzhou. Sinobunker’s bunker vessel Daqing 268 delivered around 1,000 mt of pure bio-methanol via...

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Nord Gas Solutions has been contracted to supply the Cargo Handling System (CHS) and LPG Fuel Supply System (LFSS) for two new 40,000 m³ Medium Gas Carrier (MGC) vessels being built at HD Hyundai for the shipowner Byzantine Maritime. This contract was signed in June...

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At the SMM trade fair in Hamburg last week, DNV and Garden Reach Shipbuilders and Engineers Limited (GRSE) have signed a Memorandum of Understanding (MoU) for a new strategic collaboration on advanced shipbuilding, digitalization, green technologies and competence...

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Iran threatened to respond to U.S. “economic warfare” with a maritime exclusion zone across the Persian Gulf, while Iranian-backed Houthi attacks on Saudi Arabia escalated tensions around regional energy supplies. Mohsen Rezaei, secretary of Iran’s Supreme National...

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