Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions headquartered in Singapore, on Wednesday (9 September) announced its unaudited interim financial results for the first half of 2026, ending on 30 June.

The company delivered record first-half financial results, achieving its highest first-half revenue, gross profit, income from operations, net income and EBITDA since its inception.

The company’s net income increased 1,415% to USD 1.4 million for the first half of 2026, compared to USD 0.1 million in the corresponding period of 2025.

Revenue increased 72% year-over-year to USD 197.1 million, from USD 114.6 million in the corresponding period of 2025 while gross profit also increased 158% year-over-year to USD 5.3 million, from USD 2.1 million in the corresponding period of 2025.

Gross profit margin expanded to 2.7% in the first half of 2026, from 1.8% in the corresponding period of 2025, representing a 50% improvement. 

For its 2026 outlook, the company is raising its full-year 2026 revenue guidance to a range of USD 340 million to USD 360 million, from its previous guidance range of USD 320 million to USD 340 million, reflecting stronger-than-expected first-half performance and continued commercial momentum.

Koh Kuan Hua, Chief Executive Officer of Uni-Fuels, said: “Our first-half 2026 results demonstrate the strength of our commercial execution and the agility of our business model.” 

“As geopolitical developments and market volatility continued to influence global oil markets, we remained focused on delivering reliable supply solutions and value-added services to our customers. 

“Our ability to respond quickly to changing market dynamics while maintaining disciplined execution contributed to significant improvements in revenue, profitability and operating performance. 

“We believe this momentum positions us well for the remainder of the year, as reflected in our increased full-year 2026 revenue guidance of USD 340 million to USD 360 million.”

Photo credit: Uni-Fuels
Published: 10 September, 2026

Marine fuels supplier Peninsula on Wednesday (9 September) confirmed that its bunker tanker Hercules Star was involved in an incident whilst at anchorage off Dubai.

“It is with deep sadness and regret that we confirm one fatality. Peninsula is in contact with their family and providing all the necessary support at this time,” the company said in a statement.

“In addition, one member of the crew is missing and a specialist team is working to locate them. All other crew members are accounted for.”

The company added it is working with all relevant parties to monitor developments.

“This is an ongoing incident and updates will be issued in due course when we have more details,” Peninsula added. 

According to a Reuters report citing preliminary assessments by maritime security sources, the vessel may have been struck by a drone.

The report also said the UK Maritime Trade Operations (UKMTO) received a report of a vessel listing while at anchor about 24 nautical miles off the UAE’s Port Rashid, with the condition “possibly indicating water ingress following an attack from an unknown projectile”.

Photo credit: Peninsula
Published: 10 September, 2026

The global LNG bunker vessel fleet may need to more than double by 2030 as demand from LNG-fuelled ships grows faster than the infrastructure required to supply them, according to a new DNV white paper published on Wednesday (9 September). 

The report estimated that between 165 and 208 bunker vessels could be needed globally by the end of this decade.

As LNG-powered shipping continues to grow, demand for bunkering capacity is rising rapidly. Although the LNG bunker fleet is expanding steadily, demand from LNG-fuelled vessels is expected to grow even faster, placing increasing pressure on bunker vessels and the wider bunkering ecosystem. 

Without additional investment across this value chain, fuel supply could become a constraint on further LNG adoption in shipping. DNV’s white paper, Gas bunker vessels: facilitating the transition to alternative fuels, highlights how gas bunker vessels are evolving from specialist fuel delivery assets into critical infrastructure supporting shipping’s fuel transition.

Cristina Saenz de Santa Maria, CEO Maritime at DNV, said: “Shipping’s fuel transition depends on more than ships and fuel choices. It also depends on the infrastructure, supply chains, and operational capabilities needed to make alternative fuels available safely and at scale. As the fuel landscape continues to evolve, investment in flexible, reliable, and future-ready bunkering infrastructure will be essential.”

The white paper examined market developments, regulatory requirements, vessel design considerations, gas bunker vessel technical specialities, and operational best practices, while outlining the role gas bunker vessels will play in supporting both current LNG demand and the future adoption of alternative fuels.

The white paper also highlighted opportunities to accelerate market development through the conversion of suitable small-scale LNG carriers into bunker vessels. 

In addition, it examined the growing importance of operational readiness, structured safety management, and competence development as bunkering operations become more frequent and geographically widespread.

Martin Cartwright, Global Business Director, Gas Carriers & FSRUs at DNV, said: “LNG-fuelled shipping is growing faster than the bunkering network needed to support it. Closing this gap will require coordinated investment across the bunkering ecosystem, underpinned by robust safety standards, operational readiness and competence. These elements must advance together if gas bunkering is to scale safely and reliably, while also supporting future pathways, such as biomethane.”

While the white paper focused primarily on LNG, it also considers the emergence of ammonia as a potential marine fuel. The infrastructure, operational experience, and safety frameworks being developed for LNG bunkering today are expected to play an important role in supporting the future deployment of ammonia bunkering solutions.

Note: The report by DNV can be found here. 

Photo credit: DNV
Published: 10 September, 2026