Elsewhere, war-related market panic seems at odds with consumer sentiment.

The container ship COSCO Hope and bunker vessel Mati were the ships affected.

The programme will provide incentives to ships powered by LNG, methanol, ammonia, hydrogen and biofuel blends.

The vessel has embarked on its maiden voyage under a long-term time charter to Hyundai Glovis.

The industry body is responding to new EU rules restricting tanker resales to Russian entities.

The Norwegian firm says its biofuel bunker volumes have been growing steadily.

The company is seeing growing interest in maritime battery systems.

OPEC+ crude output averaged 33.13 million b/d in May, down 190,000 b/d on the month.

The FIT-HORIZONS project aims to help shipowners assess and accelerate decarbonisation and efficiency upgrades for existing vessels.

The 7,500 m3 vessel is chartered to Repsol and is capable of supplying methanol to ships.