LNG
Overview
LNG's role as a key feedstock is well established as it helps manage both input costs and carbon emissions. Heavy industrial users' drive to achieve net zero targets has added a new dimension to how and where it is being deployed. Overall, its use is expected to increase and is tipped to become the strongest-growing fossil fuel.
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Taiwan’s Yang Ming orders LNG dual-fuel container ships
Taiwan’s Yang Ming orders LNG dual-fuel container ships
Singapore, 18 July (Argus) — Taiwanese container shipping firm Yang Ming Marine Transport has approved the order of seven 15,000 twenty-foot equivalent unit (TEU) LNG dual-fuel container ships from South Korea's Hanwha Ocean, the firm announced on 17 July. The new vessels are scheduled for delivery in 2028-29 and will replace the aging vessels in Yang Ming's fleet. The adoption of dual-fuel solutions for the 15,000 TEU vessels, alongside the five LNG dual-fuel container ships scheduled for delivery from 2026, will advance the firm's strategic development towards reducing greenhouse gas (GHG) emissions while ensuring stable services on East-West shipping routes. Fellow Taiwanese shipper Evergreen Marine had also ordered 11 LNG dual-fuel container ships in February from Hanwha Ocean and China's Guangzhou Shipyard International, a subsidiary of state-owned shipbuilder CSSC. The LNG bunkering market has been growing actively across Asia on the back of global developments towards net-zero emissions. Consumption of alternative marine fuels at the port of Singapore rose in June , supported by steady growth in the bunkering of LNG and key bio-blends. Meanwhile, China's bonded LNG bunkering market has so far maintained double-digit growth , a further testament to the rapid growth of the LNG bunkering industry as LNG gains popularity as a shipping fuel. By Joey Chan and Mahua Mitra Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Trump to limit US weapon use by Ukraine
Trump to limit US weapon use by Ukraine
Washington, 15 July (Argus) — President Donald Trump's change of position on continued US weapons supply to Ukraine has revived a dilemma his predecessor had to consider: whether to place limits on Kyiv's ability to carry out strikes deep inside Russia's territory. Trump on Monday approved a plan to continue supplying US weapons to Ukraine, which will be financed by contributions from the EU and other NATO members. But he told reporters Tuesday that he is not considering providing long-range missiles to Ukraine and said that Kyiv "shouldn't target Moscow" with US weapons. The range of western-supplied missiles is well short of the distance from the Ukraine-Russia border to Moscow. Former president Joe Biden's administration last year gave authorization to Kyiv to use western weapons against targets in Russian regions bordering northeast Ukraine and against military targets beyond the Russian-Ukrainian border. Other NATO members also have removed most restrictions on use of their weapons. The Biden administration warned Kyiv against attacks on Russian energy infrastructure. But Ukraine used its own military drones to target Russia's sprawling oil infrastructure last year, causing some disruptions but barely affecting the exports of Russian crude and refined products. Few such attacks have taken place this year, but Washington-based experts attribute that to a change in Ukrainian military tactics, which now target air fields, weapons depots and command centers instead of Russian energy infrastructure. Trump on Monday said he would impose "secondary tariffs" on Russia — meaning penalties for countries buying Russian oil and other products — unless Moscow takes steps in the next 50 days to stop its war in Ukraine. "At the end of 50 days, if we don't have a deal, it's going to be too bad," Trump said Tuesday. "The tariffs are going to go on and other sanctions." The Kremlin has had a restrained reaction to Trump's threat, saying "we certainly need time to analyze what was said in Washington" and advising to wait for President Vladimir Putin to respond directly. "We want to understand what the statement about '50 days' means," Russian foreign minister Sergei Lavrov said on Tuesday. "We previously heard of '24 hours' and '100 days'", Lavrov said, likely referencing Trump's vow to stop the fighting in Ukraine within 24 hours of taking office, subsequently amended by the White House to a pledge to stop the war in Ukraine within 100 days into his second term. The White House on 25 March announced that Moscow and Kyiv had agreed to implement the "energy ceasefire", but the Kremlin immediately attached new conditions to the agreement and continued attacks on civilian energy infrastructure in Ukraine. Trump in late March promised to impose a 25pc "secondary tariff" on Russian oil sales if the energy ceasefire deal failed. On 27 May, he gave Putin a two week deadline to make progress in peace talks with Ukraine. The Trump administration so far has refrained from imposing additional sanctions against Moscow and even exempted Russia from punitive tariffs imposed on nearly every US trading partner in April. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US claims energy-focused Indonesia trade deal
US claims energy-focused Indonesia trade deal
Washington, 15 July (Argus) — President Donald Trump said today he has secured a trade deal with Indonesia that would involve additional sales of US energy and agricultural commodities and Boeing aircraft. The deal, which Jakarta has yet to confirm, would commit Indonesia to buying $15bn worth of US energy commodities, $4.5bn of agricultural products and 50 Boeing aircraft, Trump said via his social media platform. Speaking to reporters earlier on Tuesday, Trump said the US, under the deal, would impose a 19pc tariff on all imports from Indonesia while that country would impose no tariffs on US products. Trump said he finalized the trade deal after speaking with Indonesia's "Highly Respected President" Prabowo Subianto Tuesday morning. Prabowo has just concluded a trade deal with the EU, which would result in mutual lowering of tariffs on trade. No other details on the US-Indonesia deal were immediately available from the White House and US trade agencies. Trump last week threatened to impose a 32pc tariff on all imports from Indonesia, beginning on 1 August. Indonesia's government has already directed state-owned Pertamina to assess the potential for importing refined products from the US. That directive coincided with a parallel push by Pertamina to shift away from importing oil products from Singapore and import more fuel from the Middle East and the US. The Trump administration since 5 April has been charging a 10pc extra "Liberation Day" tariff on most imports — energy commodities and critical minerals are exceptions — from Indonesia and nearly every foreign trade partner. Trump last week publicized letters sent to leaders of 24 countries, including Indonesia, dictating new, higher tariff rates he said would apply beginning on 1 August. The Trump White House said in April it expected to sign "90 deals in 90 days" following his "Liberation Day" tariffs. The US has clinched only one limited trade deal, which keeps in place a 10pc tariff on US imports from the UK while granting a lower-tariff import quota for UK-made cars. Trump has announced a deal with Vietnam, setting tariffs at 20pc, but other terms remain unknown. A preliminary trade deal with China, agreed in early May, established a separate 10 August deadline for reaching an agreement on tariffs. The US administration is engaged in talks with the EU, Canada and Mexico despite Trump's threats to raise tariffs on imports from those destinations to 30-35pc. Brazil, on the other hand, said it would reciprocate with higher tariffs on US products after Trump threatened to impose a 50pc tariff on imports from Brazil. Trump has justified imposing his "Liberation Day" tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries. His emergency-based tariff authority is facing challenges in US courts, with two lower-level courts ruling already in May that the White House could not impose such tariffs. The US Court of Appeals for the Federal Circuit will hold a hearing on 31 July in a case pitting the administration against a group of plaintiffs, including many US states. The US Court of International Trade, in an initial ruling on 28 May, found that Trump's emergency tariffs were unlawful and ordered the administration to rescind the import taxes and to refund already collected duties. The appeals court has suspended that decision until at least the 31 July hearing. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Alt-fuel ship orders fall in 1H25: DNV
Alt-fuel ship orders fall in 1H25: DNV
Sao Paulo, 15 July (Argus) — Ship orders for new alternative-fuelled vessels fell to 151 in the first half of 2025 compared with 179 a year earlier, according to Norway-based classification agency DNV. These orders represented 19.8mn gross tonnes, up by 78pc from the same period in 2024. LNG-fuelled vessels accounted for 87 of the new orders in the first half, followed by 40 methanol-fuelled ships, 17 LPG-powered vessels, and four hydrogen and three ammonia-fuelled ships. Orders stood at 19 in June, up from 16 in May, with two of these LPG-fuelled carriers. The total fleet of ships that could run on LPG stood at just over 150 in the final quarter of last year , with around 126 on order by 2028 following the latest additions, as orders lag other fuel types despite low prices because of safety issues and a lack of four-stroke engines. New orders, 1H 2025 Fuel Number of vessels LNG-fueled 87 Methanol-fueled 40 LPG-fueled 17 Hydrogen-fueled 4 Ammonia-fueled 3 DNV Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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