Connect with us
DNV Decarbonization Insight Series August 2026 - What maritime professionals should know about AI Training

Business

Hyundai LNG Shipping deal faces pushback amid sale to Indonesian firm

Protesters argued that the transaction would undermine President Lee Jae Myung’s maritime strategy and called on the government to step in to prevent the deal.

Admin

Published

on

Hyundai LNG Shipping deal faces pushback amid sale to Indonesian firm

Residents of Busan reportedly protested against private equity firm IMM’s plan to sell Hyundai LNG Shipping to Indonesia’s Sinar Mas, according to The Korea Times on Wednesday (17 December).

Protesters argued that the transaction would undermine President Lee Jae Myung’s maritime strategy and called on the government to step in to prevent the deal.

A Busan civic group warned that allowing the sale could set a precedent for other private equity–owned shipping companies, such as SK Shipping and H-LINE Shipping, to fall into foreign hands.

“If a foreign buyer replaces skilled, high-paid Korean crews with foreign workers to cut costs, Busan’s job market could collapse,” the group reportedly said. 

“Selling Hyundai LNG Shipping to a foreign company would also hinder the government’s goal of having Korean carriers handle at least 70 percent of the nation’s core energy imports.”

Industry organisations have echoed these concerns. Both the Korea Shipowners’ Association and the Federation of Korea Maritime Industries have released statements opposing the sale, citing potential risks to national energy security. They highlighted Hyundai LNG Shipping’s role in transporting gas for state-run Korea Gas Corp. (KOGAS).

 

Photo credit: Hyundai LNG Shipping
Published: 26 December, 2025

Continue Reading

Business

Indonesia, Malaysia and Singapore reaffirm commitment to free, safe Malacca Strait

Littoral States affirmed the status of the SOMS as a Strait Used for International Navigation, where the right of transit passage applies, as enshrined in the 1982 UNCLOS.

Admin

Published

on

By

RESIZED SG bunker tanker

Indonesia, Malaysia and Singapore reaffirmed their shared commitment to keep the Straits of Malacca and Singapore (SOMS) free, open and safe for international shipping at the 17th Co-operation Forum held in Singapore, according to a joint statement on Tuesday (25 August).

The statement was released by Indonesia’s Directorate General of Sea Transportation (DGST), Malaysia Marine Department (MMD) and Maritime and Port Authority of Singapore (MPA). 

The Littoral States affirmed the status of the SOMS as a Strait Used for International Navigation, where the right of transit passage applies, as enshrined in the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and reflected in customary international law. They underscored the importance of respecting navigational rights and freedoms both in principle and practice.

The Littoral States also reaffirmed the important roles played by User States, international organisations, the maritime industry and other stakeholders in sharing responsibility for and contributing to the safety of navigation and environmental protection in the SOMS. 

At the 17th Co-operation Forum, the Littoral States and stakeholders will discuss proposals to further these efforts, including the safe introduction of new technologies and alternative fuels in the SOMS, and review ongoing technical projects to enhance navigational safety.

The Co-operative Mechanism established by Indonesia, Malaysia and Singapore in 2007 provides the framework for this co-operation. It enables Littoral States to work together with User States and other stakeholders on navigational safety and environmental protection in the SOMS. Its establishment gave practical effect, for the first time, to Article 43 of UNCLOS.

The Littoral States also renewed their commitment to uphold the objective and founding principles of the Co-operative Mechanism.

The Littoral States further expressed their appreciation to stakeholders for their longstanding contributions to the Co-operative Mechanism and encouraged their continued support and participation.

More than 300 delegates from over 125 countries and organisations are expected to attend the two-day forum from 25 to 26 August 2026.

 

Photo credit: Manifold Times
Published: 25 August, 2026

Continue Reading

Bunker Fuel Quality

VPS: High bunker prices meet declining fuel quality

Of the current 29 Bunker Alerts issued by VPS from January to July 2026, the combination of abrasive issues due to elevated cat-fines, plus fuel stability issues, account for 72% of these alerts.

Admin

Published

on

By

RESIZED VPS logo

Steve Bee, Group Marketing and Strategic Projects Director of marine fuels testing company VPS, on Monday (24 August) reviewed 2026 marine fossil fuel quality to date and the high number of issues being witnessed: 

Marine fuel buyers entered 2026 facing a perfect storm, suffering some of the highest bunker prices ever experienced, paired with a sharp and concerning decline in fuel quality. Across the traditional marine fossil fuel supply chain, VPS has seen a marked rise in fuel quality issues, with the Middle East conflict playing a major role in driving both price volatility and quality deterioration. For ship owners/operators, the message is clear, today’s fuel market is not only more expensive, it is also becoming more complex and unpredictable, with a higher degree of operational risk.

This deterioration is already showing itself in the test data VPS have produced. Between January and July 2026, VPS issued 29 Bunker Alerts, more than the total issued across the whole of 2024 and already closing in on the 37 alerts recorded throughout all of 2025. In just seven months of 2026, the scale and frequency of these alerts underline a clear, accelerating rise in fuel quality problems across the industry. Of the current 29 Bunker Alerts issued so far, Jan-Jul 2026, the combination of abrasive issues due to elevated cat-fines, plus fuel stability issues, account for 72% of these alerts. The ports requiring cat-fines and/or stability-related bunker alerts were, ARA, Balboa, Busan, Callao, Hamburg, Houston, Las Palmas, Philadelphia, Piraeus, Rotterdam, San Roque, Singapore and Valencia.

What is of additional interest is that marine gas oil does not account for a single Bunker Alert so far in 2026. It is HSFO and VLSFO dominating the fuels requiring such warnings.

VPS: High bunker prices meet declining fuel quality

Looking at the rate of off-specifications across each of the main marine fossil fuel types, HSFO is currently running at 8.87% of samples tested, being off-specification for at least one ISO8217 test parameter, whilst VLSFO has 9.88% off-specification level, MGO has 9.03% and ULSFOs is at 19.58%. ISO 8217 provides specification requirements for marine fuel as delivered to the ship. From a commercial perspective the fuel is only required to meet the specification at the point of custody transfer, ie at the ship’s manifold. However, compliance at this point, is not a guarantee of assurance that the fuel can be used without operational difficulties throughout its onboard lifecycle. This includes, how the fuel is stored, treat and consumed in main engines, generator engines, boilers, or other machinery. The condition of the fuel which ultimately reaches the machinery, is also strongly influenced by onboard fuel management, including storage and settling temperatures, settling time, purification temperature and throughput, purifier configuration and desludging arrangements, filtration, maintenance of the correct injection viscosity and other operational factors.

This is why knowing the characteristics of the bunkered fuel is critical to managing it correctly onboard. Appropriate testing can identify characteristics which, although not necessarily resulting in an ISO 8217 specification failure, may warrant additional operational attention. VPS therefore evaluates bunker fuels not only against the applicable specification requirements, but also provides operational advice where analytical findings indicate that additional precautions may be appropriate during storage, treatment or consumption.

VPS testing and observations, based on over 45 years of marine fuel testing experience and expertise, strongly align with a recent Linkedin post by marine and energy consultants, Brookes Bell. Their post highlighted a growing concern within the industry, stating a P&I Club had reported that bunker-related claims are up 50% this year, with many of the fuels involved having technically passed ISO8217 standard specification testing.

The same post noted that some ISO8217-compliant fuels have still caused operational damage. This has left shipowners to manage complex evidentiary disputes after problems arose. Its key warning was clear: Standard compliance testing alone isn’t catching the problem. If “passing spec” is not necessarily the same as being “safe-to-burn”, then the critical question becomes, “What additional testing is needed to identify the real operational risks?”

VPS have recognised that for some time, the ISO8217 standard is not an all-encompassing set of tests providing the highest level of asset, crew and environmental protection. For this reason, VPS offer a range of additional tests, as well as our Additional Protection Service (APS) test bundles. For example in the case of avoiding damages from cat-fines, the Fuel System Check (FSC) service, can provide valuable information in regard to monitoring purifier efficiency and the removal of cat-fines, protecting the engine to a higher degree. Whereas, Separability Number testing, is a key compliment to the hot filtration stability tests of TSP, TSA and TSE in mitigating stability risks. Should additional cold-flow information be required, the VPS proprietary Wax Appearance Temperature (WAT) testing provides key storage and fuel transfer temperature information. Whilst the VPS chemical screening services can identify potentially harmful chemicals within a fuel before the fuel is burnt. Then more detailed Gas Chromatography Mass Spectrometry (GCMS) forensic analysis provides key information to potentially support the fuel claims process.

VPS account managers and technical specialists can help shipowners and operators determine which laboratory tests are most appropriate for their fleet, based on the fuel characteristics, vessel operations and potential risk exposure. This guidance can support the mitigation of risks linked to engine damage, SOLAS compliance, legislative requirements and wider operational reliability.

The VPS Technical Advisory Team reviews bunker analysis results together with the vessel operational observations to provide practical advice on fuel storage, handling, purification and overall fuel management. Where appropriate, additional laboratory tests, or test bundles, may be recommended to further evaluate the fuel and assist in identifying the cause of an operational issue, supporting more informed decision-making.

VPS continues to monitor regional and global fuel quality trends through its laboratory network and customer feedback. Information received from vessels experiencing similar operational issues is valuable in helping VPS identify emerging trends and provide timely technical guidance to the wider shipping industry.

 

Photo credit: VPS
Published: 25 August, 2026

Continue Reading

Events

Singapore: APPEC 2026 to spotlight global oil flows and shipping’s role in energy security

Event unites decision-makers across crude, refining, trading, shipping, petrochemicals, biofuels, and downstream markets to share actionable intelligence on market shifts, amongst others.

Admin

Published

on

By

Singapore: Delegates to discuss resilience, trade and opportunity at APPEC 2026

Oil Redefined, Resilience, Trade & Opportunity | September 7–10, Singapore

Now in its 42nd year, the Asia Pacific Petroleum Conference (APPEC) is S&P Global Energy’s annual flagship oil and commodities event, widely recognized as Singapore’s best oil conference and APAC’s top commodity event. It unites decision-makers across crude, refining, trading, shipping, petrochemicals, biofuels, and downstream markets to share actionable intelligence on market shifts, commercial opportunities, and risks shaping global energy flows.  

Why Attend APPEC?

APPEC 2026 offers independent market insight, expert-led discussion, and practical commercial perspectives on pricing, supply and demand, regional dislocations, and the forces driving global energy flows.

  • Live market intelligence from keynotes, plenaries, and expert-led panels. 
  • Practical insight into pricing, supply and demand, and the regional dislocations shaping global oil flows. 
  • High-value networking with senior leaders and specialists across crude, trading, refining, shipping, chemicals, biofuels, and downstream markets. 
  • Deep-dive sessions designed to sharpen decision-making and support near-term commercial execution.

Key Themes for APPEC 2026

  • Supply Dynamics: Diverse Sources, Evolving Partnerships
  • Geopolitical Disruption vs. Market Reality
  • Refining’s Margin Squeeze: Optimizing Value in Changing Markets
  • Demand Evolution: Meeting Diverse Energy Needs
  • Maritime and Trade: Shipping’s Role in Energy Security
  • Biofuels: Pathways to Commercial Scale

With market conditions defined by trade shifts, geopolitical tensions, and demand evolution, APPEC 2026 delivers unmatched market intelligence, C-level expertise (30% of 210 speakers), and high-value networking that positions it ahead of all other Singapore and APAC commodity events. Held in Singapore, APPEC remains the definitive gathering for oil and energy decision-makers.

To learn more about APPEC and register, visit https://www.spglobal.com/energy/en/events/conferences/appec

 

Photo credit: S&P Global Energy
Published: 25 August, 2026

Continue Reading

Trending