Latest News
MARKET SURVEY: Q2 Bunker Hub Demand Jumped by 1.9% on Year With Red Sea Diversions
Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction.
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03OctThe arrival of FuelEU presents a challenge for shipping companies that bunker players would be wise to understand. Read in Full
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03OctThe event is being held in London on October 3, with around 40 delegates split into groups discussing themes relevant to the industry group's work for its members. Read in Full
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03OctThe new hire was previously general manager of Fratelli Cosulich Middle East DMCC. Read in Full
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03OctA busy two months of new orders in July and August were followed by a smaller gain in September. Read in Full
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03OctThe family have agreed to pay $3.5 billion to the liquidators, plus annual interest at 5.33% from April 2020 to the present. Read in Full
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03OctAbhineet Narang has joined the company as a junior trader as of this month. Read in Full
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03OctShip & Bunker's G20-VLSFO Index gained $15/mt to $603.50/mt on Wednesday, reaching the highest level since September 25. Read in Full
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03OctThe new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. Read in Full
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03OctRapidan Energy calculated that oil could climb by $10-per barrel increments. Read in Full
Insights & Analysis More
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Oct 03Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction. -
Oct 01New methanol production coming online in Asia will provide opportunities for its use as a bunker fuel there, Fratelli Cosulich's Guido Cardullo tells Ship & Bunker. -
Oct 01Steve Bee, group commercial director of VPS, discusses how to avoid fuel quality problems affecting your ship. -
Sep 25Matthias Winkler of fuel analysis firm CMT discusses ways shipowners can improve efficiency by paying closer attention to engine performance. -
Sep 25VPS sets out its guidance on upcoming changes to EU regulations for the offshore segment. -
Sep 18Investors in decarbonisation projects will be waiting for more clarity on regulations before committing to new activity, IBIA's Edmund Hughes tells Ship & Bunker. -
Sep 16Singapore's 2024 sales are heading for a gain of 4.6% from 2023's record high. -
Sep 05Engineering firm Wärtsilä sets out its viewpoint on how the shipping industry can ease into its decarbonisation goals.
Demand at the 17 hubs overall at 138.1 million mt in 2023, up by 1.8% on the year and the most since 2021.
Yemen & Red Sea Attacks
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Oct 01Change of status should come into force next year -
Oct 01The ship came under attack about 97 nautical miles north-west of Al Hudaydah at 4:15 AM UTC on Tuesday, following a separate incident earlier in the morning. -
Oct 01The ship came under attack about 64 nautical miles north-west of Al Hudaydah at 1:40 AM UTC on Tuesday. -
Sep 30Israeli aircraft attacked the ports of Ras Isa and Hodeidah on Sunday. -
Sep 16Tugs connected to the stricken tanker Sounion on Saturday in order to move it to a safer location.
Top Stories More
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Oct 03Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction.
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Oct 01New methanol production coming online in Asia will provide opportunities for its use as a bunker fuel there, Fratelli Cosulich's Guido Cardullo tells Ship & Bunker.
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Oct 01The strike's impact will mostly be on the container and vehicle carrier segments, with bunker demand at ports focused on these areas likely to be reduced. -
Sep 26Gulf Petrochem FZC is seeking a reversal of the sale and AED 100 million in damages, a source tells Ship & Bunker. -
Sep 13Other firms in the country may also be under investigation, a local source tells Ship & Bunker.
Decarbonisation and Alternative Marine Fuels & Power More
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Oct 03The arrival of FuelEU presents a challenge for shipping companies that bunker players would be wise to understand. -
Oct 03A busy two months of new orders in July and August were followed by a smaller gain in September. -
Oct 01Matti-Mikael Koskinen tells Ship & Bunker that he wants shipping decarbonisation to move faster and alternative fuels have a key part to play. -
Oct 01Recent study surveys costs and benefits of setting up an emissions control area in the northeast Atlantic Ocean. -
Sep 30IMO secretary-general Arsenio Dominguez is confident that member states will reach agreement, but the detail on economic measures required to make the UN body's GHG strategy a reality is sparse.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 556.50 | 17.50 | 681.00 | 17.50 | 462.50 | 22.50 |
| Global 20 Ports Average | 603.50 | 15.00 | 741.50 | 13.50 | 498.50 | 18.00 |
| Global Average Bunker Price | 641.50 | 6.00 | 814.00 | 8.50 | 543.00 | 14.50 |
| Singapore | 588.00 | 24.50 | 656.00 | 23.50 | 470.50 | 29.00 |
| Rotterdam | 530.00 | 7.50 | 635.50 | 10.50 | 479.50 | 22.50 |
| Fujairah | 578.00 | 22.50 | 771.00 | 23.50 | 450.50 | 20.00 |
| Houston | 530.50 | 16.50 | 661.50 | 12.50 | 449.00 | 17.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 567.00 | 23.50 | - | 523.50 | 26.50 | |
| Hong Kong | 600.00 | 12.50 | 656.00 | 6.50 | 483.50 | 26.00 |
| Istanbul | 620.00 | 8.00 | 729.50 | 14.00 | 555.50 | 10.50 |
| LA / LB | 594.00 | 11.50 | 719.50 | 7.00 | 483.50 | 8.00 |
| Las Palmas |
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| Mumbai |
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| New York | 571.00 | 6.00 | 673.00 | 5.00 | 533.50 | 11.00 |
| Cristobal, Panama |
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| Piraeus | 617.00 | 2.00 | 720.50 | 6.00 | 491.50 | 17.50 |
| Santos | 589.50 | 16.50 | 812.50 | 9.50 | - | |
| Shanghai |
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| St Petersburg | 554.50 | 3.00 | 705.50 | 0.50 | 395.00 | 0.00 |
| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 603.50 | 15.00 | 741.50 | 13.50 |
| Global 4 Ports Average | 556.50 | 17.50 | 681.00 | 17.50 |
| Global Average Bunker Price | 641.50 | 6.00 | 814.00 | 8.50 |
| Singapore | 588.00 | 24.50 | 656.00 | 23.50 |
| Fujairah | 578.00 | 22.50 | 771.00 | 23.50 |
| Rotterdam | 530.00 | 7.50 | 635.50 | 10.50 |
| Houston | 530.50 | 16.50 | 661.50 | 12.50 |
Bunker Jobs
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Oct 02The company is looking for candidates with at least three years of relevant experience and fluent English. -
Oct 02The role is with the firm's internal pricing desk, and can be based at any of the firm's EMEA offices. -
Sep 30The employer is looking for candidates with at least five years of experience in operations management, preferably within the maritime or bunker industries. -
Sep 30The company is looking for candidates with previous sales or trading experience, ideally in the bunker industry. -
Sep 27The company is looking for candidates with at least three years of experience in a similar role at a shipping company.
Popular Now More
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Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month. -
Oct 03The new hire was previously general manager of Fratelli Cosulich Middle East DMCC. -
Oct 03Rapidan Energy calculated that oil could climb by $10-per barrel increments. -
Oct 03Abhineet Narang has joined the company as a junior trader as of this month. -
Oct 03Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction.