LNG

Singapore's Maritime and Port Authority (MPA) issued data showing liquefied natural gas bunkering sales jumped in June and for the first half of 2024 as overall bunker sales increased for all fuel types because Red Sea shipping disruptions have led to longer voyages and higher expenses for shipowners.

European maritime classification society DNV said that there was still momentum in orders for LNG-fuelled vessels from ship owners in the month of June even as LNG bunker prices increased further in ports such as Rotterdam in the Netherlands.