Industry coalition SEA-LNG on Thursday (16 July) published its 2026 Mid-Year Market Review. 

It provides a snapshot of the current market conditions facing the methane pathway, with particular focus on the growth of liquefied biomethane (LBM/bio-LNG). This report comes as SEA-LNG celebrates its tenth anniversary and gains provisional consultative status at the International Maritime Organization (IMO).

According to analysis of vessel orders from January to June 2026 from SEA-LNG member DNV, LNG dual-fuel orders remain robust at 73 vessels, accounting for almost 90% of the alternatively fuelled order book, when compared with ammonia, hydrogen and methanol. Additionally, there are now 67 LNG bunker vessels in operation, plus 42 more on order.

The LNG order book continues to be dominated by vessels serving liner trades especially container vessels and pure car and truck carriers (PCTCs). This is consistent with recent analysis by the World Shipping Council which shows that LNG remains the preferred fuel for container ship owners, accounting for 58% of total tonnage ordered versus conventional fuels at 36%.

There was also an increase in bunkering volumes and infrastructure. According to analysis by Kpler, global LNG bunker volumes were around 770,000 cubic meters (m3) per month in the period January to May 2026. This represents an increase of about 13% on the same period in 2025 as more LNG fuelled vessels have entered into operation together with favourable LNG and conventional fuel prices.

Liquefied biomethane is bunkered routinely today, and liquefied e-methane is in development. Since the introduction of regulations like FuelEU Maritime, LBM supply and demand have grown significantly. Data from the European Biogas Association show biomethane production capacity reached 8.2 bcm a year by the end of Q2 2026. This represents an additional 1 bcm in a single year, or growth of 17%. The number of operational biogas plants rose from 1,678 to 1,975 plants with €36 billion of allocated capital investment driving the sector.

Steve Esau, SEA-LNG COO, said: “Despite geopolitical and regulatory uncertainties in 2026, the industry is maintaining momentum on the methane decarbonisation pathway. This year’s mid-year review confirms that methane is the practical and realistic solution for shipping decarbonisation. 

“This is reflected in the growing numbers of LNG-fuelled vessels, LNG bunker vessels, and LNG bunkering volumes, as well as biomethane bunkering and production growth. As we look ahead, with e-methane also materialising, we are confident in the trajectory of the methane pathway to decarbonisation.”

SEA-LNG is active at the IMO and EU to underline the importance of goal-based and technology-neutral decarbonisation regulations, and ensure a global market for low and net zero fuels. As the methane pathway continues to mature, efforts have shifted from raising awareness to sharing members’ collective expertise on important technical details that will, for example, further reduce global well-to-wake emissions and scale up bio- and e-methane development and deployment.

As part of these efforts, last week SEA-LNG was granted provisional consultative status at the IMO. This status will enable SEA-LNG to engage directly with Members States as it advocates for practical and realistic regulations to help move the maritime industry forward.

Peter Keller, SEA-LNG Chairman, said: “I have been with SEA-LNG since we founded it 10 years ago, and what strikes me is how methane has ramped up from a pathway to a clear runway for shipping decarbonisation. When building the first LNG-powered containership, I didn’t imagine that within ten years over 10% of the global fleet by deadweight could be powered by methane. 

“What started as a solution to reduce harmful local emissions has cemented itself as the practical and realistic option for reducing greenhouse gas emissions today and into the future. As I look ahead, the fundamentals are strong, the orderbook is growing, the bunkering infrastructure is expanding at a record pace, and biomethane and e-methane are building on LNG’s foundation. Just as we expected.”

Note: SEA-LNG’s Methane Pathway – 2026 mid-year market review can be viewed here.

Photo credit: SEA-LNG
Published: 17 July, 2026

Spanish shipping company Baleària on Tuesday (14 July) said the first LNG bunkering operation of its ferry has completed in the Port of Las Palmas.

On Monday, the company made the first supply of LNG to the Mercedes Pinto in its usual berth, located on ramp 4 of the Nelson Mandela dock, in the Port of Las Palmas, removing the need to change to another berth for the operation. 

“The operation carried out normally, after the review of all safety protocols by the Fire Department and the Autoridad Portuaria de Las Palmas,” it said in a social media post. 

Photo credit: Baleària
Published: 16 July, 2026

Sales of marine fuel at Singapore port increased by 1.6% on year in June 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.67 million metric tonnes (mt) (exact 4,669,100 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.59 million mt (4,594,700 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 2.03 million mt (+19.4% from 1.70 million mt), 2.20 million mt (-4.8% from 2.31 million mt), zero (-100% from 1,900 mt), 1,900 mt (-57.8% from 4,500 mt) and zero (from zero).

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June, (against on year) recorded respectively 5,300 mt (-86.3% from 38,800 mt), 30,700 mt (-73.1% from 114,300 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 1,500 mt (+50% from 1,000 mt). 

LNG and methanol sales were 55,000 mt (-0.72% from 55,400 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July, 2026