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.

Teekay Tankers, the oil and products shipping arm of Teekay Corp. and affiliate of Teekay LNG, said the company had made extensive preparations to meet the International Maritime Organization cap on sulfur emissions set to come into force on January 1.