The global fertilizer and ammonia trade faces significant risks due to potential closures of the Strait of Hormuz, impacting 15% of ammonia and 21% of urea exports. Major producers like Saudi Arabia and Qatar are vulnerable, threatening food supply chains, especially for countries like India that heavily rely on imports.
U.S. and Australian LNG producers are grappling with supply challenges following Qatar’s production suspension due to regional tensions. Qatar, a key player supplying 20% of global LNG, has declared force majeure, impacting tanker shipments. While U.S. producers like Venture Global explore flexibility, existing contracts limit quick adjustments to meet rising demand.
Woodside Energy Trading Singapore has secured a sale and purchase agreement with Japan’s JERA for liquefied natural gas (LNG) supply during peak winter months. The deal commits Woodside to deliver three LNG cargoes annually, totaling 0.2 million tonnes over five years, enhancing the long-term supply relationship between the companies.
ITT Inc.’s Svanehøj division has secured a contract to supply flow technology for next-generation Ultra Large Ethane Carriers (ULECs). The deal includes deepwell pumps for two ULECs, each carrying 40 million gallons, set to begin in early 2026. This marks a significant advancement in marine ethane transport technology.
Mitsui O.S.K. Lines (MOL) has achieved a major milestone in green hydrogen use by supplying it onshore in Tokyo from the Winz Maru yacht as part of the Wind Hunter Project. This groundbreaking feat marks the first time a ship has provided green hydrogen for onshore use while underway.
The debate over biofuels in the shipping industry is intensifying, with concerns raised by major shipping lines and NGOs like T & E. They argue that biofuels could be unsustainable and harmful. A study suggests a potential increase in biofuel use by 2030, but limited availability of waste biofuels poses a challenge.
