Fuel Switch Snapshot: LSMGO plunges in Singapore but remains above B100
Fuel Switch Snapshot: LSMGO plunges in Singapore but remains above B100
in
International Shipping News
14/04/2026
Singapore’s B100 discount to LSMGO has narrrowed by $178/mt to $544/mt in the past week for voyages into the EU. The price gap has narrowed as LSMGO is down by almost $300/mt.
To recap, Singapore’s B100 price flipped from a premium to a rare discount to LSMGO in the second week of March, when gasoil prices surged after vessel traffic through the Strait of Hormuz was choked off.
For dual-fuel vessels bunkering in Singapore and sailing to the EU, B100 premiums over LNG have narrowed by $82-83/mt in the past week to $45-145/mt, depending on the vessel’s engine.
LNG discounts to LSMGO in Singapore have also narrowed in the past week, by more drastic $260-262/mt to $588-689/mt.
Rotterdam B100’s discount to its VLSFO has widened by $16/mt to $224/mt, and B100’s discount to LSMGO has widened by $20/mt to $755/mt in the past week.
LNG price premiums over liquefied biomethane (LBM)
Trump says 34 ships passed through Hormuz strait after blockade comes into effect
Trump says 34 ships passed through Hormuz strait after blockade comes into effect
in
International Shipping News
14/04/2026
President Donald Trump on Monday touted the “highest number” of ships transiting through the critical Strait of Hormuz, after earlier confirming that a U.S. blockade of the vital waterway had gone into effect.
Still, confusion reigned over the details of the blockade, with Trump warning Iranian ships not to attempt to cross the shipping bottleneck.
“34 Ships went through the Strait of Hormuz yesterday, which is by far the highest number since this foolish closure began,” Trump said on social media.
In a post before that, Trump said any Iranian vessels that come close to the blockade would be “immediately ELIMINATED, using the same system of kill that we use against the drug dealers on boats at Sea.”
The U.S. military previously said that it would start a blockade of the Strait of Hormuz at 10 a.m.
GMS Week 15 – WAR PREMIUM CRACKS!
GMS Week 15 – WAR PREMIUM CRACKS!
in
Weekly Demolition Reports
14/04/2026
The single most consequential development of Week 15 came out of Washington, not the recycling yards. President Trump’s
decision to delay planned strikes on Iranian energy infrastructure by five days, alongside comments describing talks with Iran as “productive,” triggered the sharpest oil reversal since the conflict began. Brent, which had held above USD 109/barrel through Q1 and into early Q2, fell to near USD 101/barrel by week’s end, an almost 8% drop in a matter of hours.
Global Oil Flows Plunge as Hormuz Disruption Chokes Tanker Trade
Stock Photo: SOMKIET POOMSIRIPAIBOON / Shutterstock
Global Oil Flows Plunge as Hormuz Disruption Chokes Tanker Trade
Mike Schuler
Total Views: 0
April 14, 2026
Global seaborne crude oil shipments have fallen 16% since the start of the Iran war, according to the BIMCO, highlighting the scale of disruption rippling through energy and tanker markets as traffic through the
Strait of Hormuz
remains severely constrained.
“This represents a reduction of 7.6 million barrels per day… to 38.4 mbpd,” said
BIMCO
Chief Shipping Analyst Niels Rasmussen, noting that flows over the past six weeks have likewise remained 16% below last year’s levels.
That drop means roughly 9.5% of expected global crude production is currently not reaching markets, based on earlier projections from the U.S. Energy Information Administration prior to start of the conflict.
“The reduction in shipments has naturally been driven by the effective closure of the Strait of Hormuz,” Rasmussen added.
Gulf Exports Collapse Despit
Hafnia sees Middle East war reshaping tanker trade, but decarbonization targets stay intact
Hafnia sees Middle East war reshaping tanker trade, but decarbonization targets stay intact
in
International Shipping News
14/04/2026
The Middle East war has sharply altered product tanker trade flows and intensified the industry’s focus on energy security, Pankaj Porwal, Hafnia’s general manager of project and fleet sustainability, told Platts, part of S&P Global Energy.
“The geopolitics of the past few weeks have changed things drastically,” Porwal said in an interview during Asia Pacific Maritime 2026.
He said product flows were increasingly moving from west to east, with the US Gulf exporting more cargoes into Asia, while East Asian countries, including Japan and China, were curbing product exports due to supply concerns.
Porwal said the shift had supported freight markets, with more ships ballasting west and returning east laden. He also flagged a notable shift in the LR2 segment from clean to dirty petroleum products, warning that if CPP demand rebounds quickly, vessel availabili
LNG shipping stocks: The easing of tensions led to a decline
LNG shipping stocks: The easing of tensions led to a decline
in
International Shipping News
14/04/2026
The UP World LNG Shipping Index lost 4.10 points (1.78%) last week, closing at 226.94 points, while the S&P 500 gained 3.56% — driven by optimism over a potential ceasefire with Iran. The UPI’s decline reflects three converging factors: easing geopolitical tensions, the end of the winter season, and falling spot tanker rates. Atlantic rates stood at $89,750/day and Pacific rates at $73,000/day according to Spark Commodities.
Port of Los Angeles Posts Strong March as Trade and Energy Risks Build
The Pier 300 channel at the Port of Los Angeles. Photo courtesy Port of Los Angeles
Port of Los Angeles Posts Strong March as Trade and Energy Risks Build
Lori Ann LaRocco
Total Views: 0
April 13, 2026
By Lori Ann LaRocco – The
Port of Los Angeles
was a beehive of activity in March, but details are emerging on the impact of the U.S./Israel war with Iran and the U.S. trade deal with China.
The port handled 752,520 twenty-foot equivalent units (TEUs) during the month.
“That’s a strong result coming off Lunar New Year in Asia, which led to 17 blank sailings.
All Eyes on Hormuz as U.S. Maritime Blockade on Iran Enters Enforcement Phase
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. REUTERS/Benoit Tessier
All Eyes on Hormuz as U.S. Maritime Blockade on Iran Enters Enforcement Phase
Mike Schuler
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April 13, 2026
The United States’ newly announced maritime blockade targeting Iranian trade is now entering its enforcement phase, with fresh guidance from United Kingdom Maritime Trade Operations confirming that access restrictions are actively being applied across Iranian waters.
In an advisory issued Monday, UKMTO said it had been informed that, effective 1400 UTC on April 13, maritime access restrictions are now in force affecting “Iranian ports and coastal areas,” including waters spanning the Arabian Gulf, Gulf of Oman, and the Arabian Sea east of the Strait of Hormuz.
The guidance underscores the breadth of the measure, stating that restrictions apply “without distinction to vessels of any flag” engaged with
Repeating Venezuela-Blockade Move Is Far Riskier Bet in Hormuz
military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea December 20, 2025. DHS/Handout via REUTERS
Repeating Venezuela-Blockade Move Is Far Riskier Bet in Hormuz
Bloomberg
Total Views: 0
April 13, 2026
By Julian Lee (Bloomberg) — US President Donald Trump is invoking his Venezuela playbook with a pledge to blockade Iranian ships.
NATO Allies Refuse to Join U.S. Hormuz Blockade, Deepening Rift With Trump
Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. REUTERS/Benoit Tessier
NATO Allies Refuse to Join U.S. Hormuz Blockade, Deepening Rift With Trump
Reuters
Total Views: 1
April 13, 2026
By Michel Rose and John Irish
PARIS/LONDON, April 13 (Reuters) – NATO allies said on Monday they would not get involved in U.S. President Donald Trump’s plan to blockade the
Strait of Hormuz
, proposing instead to intervene only once fighting ends, in a move likely to anger Trump and increase strains in the alliance.
Trump said the U.S.