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GoodFuels to Halt Singapore Biofuel Deliveries 'With Immediate Effect'

GoodFuels to Halt Singapore Biofuel Deliveries 'With Immediate Effect'

The firm will halt Singapore deliveries 'with immediate effect' as of November 6 as part of a consolidation in its global operations.
  1. 06Nov
    The company has signed a deal with the Lingang New Area Administrative Committee setting out plans to establish fuel testing laboratory and a digital platform focused on maritime decarbonisation. Read in Full
  2. 06Nov
    The new hire previously worked for Maersk Tankers from December 2022 to this month, serving most recently as global head of partnerships and pool management. Read in Full
  3. 06Nov
    The launch of the European Regional Board completes the rollout of boards across five regions worldwide with specific expertise on local issues for their respective regions. Read in Full
  4. 06Nov
    The company arranged the delivery of 1,000 mt of a B24 blend to Yang Ming's boxship the YM Witness in Singapore on October 16. Read in Full
  5. 06Nov
    IBIA expects to host more than 250 delegates at the Marriott Hotel Athens on Wednesday and Thursday for its 2024 annual convention. Read in Full
  6. 06Nov
    The firm delivered VLSFO to Pacific Basin Shipping Limited's bulker the Illovo River in Singapore, accompanied by an e-BDN, in early November. Read in Full
  7. 06Nov
    Ship & Bunker's G20-VLSFO Index gained $2/mt to the highest level since October 25 on Tuesday. Read in Full
  8. 06Nov
    The new hire was previously a partner at Progress Energy in Norway. Read in Full
  9. 05Nov
    Prices could spike depending on who is elected. Read in Full

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 360.50 2.50 742.00 0.00 769.00 0.50
Rotterdam 451.00 0.50 928.00 11.00 962.00 11.50
Houston 395.50 8.50 813.00 20.00 843.00 21.00
Fujairah 241.50 3.50 497.00 7.50 515.50 8.50

Insights & Analysis More

  1. INTERVIEW: Glander Warns Asian Bunker Buyers to Take Urgent Action on EU Regulations
    Nov 04
    Eugene Xiao, sales manager for Glander International Bunkering in Singapore, discusses conversations with Asian buyers on EU emissions regulations in an interview with Ship & Bunker.
  2. INTERVIEW: Will Regulation, Not Bunker Savings, Drive the Uptake of Digital Bunkering Platforms?
    Oct 31
    Ship & Bunker talks to Julie Louise Nielsen, Global Head of Bunker Sales at StormGeo.
  3. World Kinect Q3 Marine Profits Rise as Volumes Decline
    Oct 25
    The firm sold 4 million mt of bunker fuel in Q3, down by 2.5% on the year and by 5% on the quarter.
  4. Singapore Overtakes Rotterdam as World's Largest Biofuel Bunker Port
    Oct 25
    As of the third quarter of this year, Singapore has overtaken Rotterdam on biofuel bunker sales for the first time.
  5. INTERVIEW: TFG Marine Targets 80% of Barges Fitted With MFMs by End-2025
    Oct 24
    The company had MFMs on 60% of its delivery fleet as of Q3, TFG's Kenneth Dam tells Ship & Bunker.
  6. ANALYSIS: Singapore September Sales Climb as Bunker Calls Hit 19-Month Low
    Oct 17
    If the total from the first nine months of the year were to be replicated over the rest of 2024, this year's total for Singapore would reach 53.96 million mt, up by 4.1% from 2023's record high.
  7. INSIGHT: LNG and Bio-LNG Infrastructure, Demand and Price Drivers
    Oct 15
    Mustafa El Zein, new fuels advisor at Glander International Bunkering, discusses recent developments in the LNG bunker market.
  8. INTERVIEW: World Fuel Services Promotes Benefits of Bunker Additives
    Oct 07
    Based on a rough straw poll of its larger customers, World Fuel estimates about half of them are using additives in their fuel at least some of the time, the company tells Ship & Bunker.

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.

Click to Read in Full

Yemen & Red Sea Attacks

  1. UK Reports New Ship Attack in Red Sea
    Oct 29
    The 83,000 DWT dry bulk carrier Motaro came under attack three times in the Red Sea on Monday.
  2. UK Reports New Ship Attack in Red Sea
    Oct 10
    The ship came under attack about 70 nautical miles south-west of Al Hudaydah at 00:10 AM UTC on Thursday.

Top Stories More

  1. GoodFuels to Halt Singapore Biofuel Deliveries 'With Immediate Effect'
    Nov 06
    The firm will halt Singapore deliveries 'with immediate effect' as of November 6 as part of a consolidation in its global operations.
  2. INTERVIEW: Glander Warns Asian Bunker Buyers to Take Urgent Action on EU Regulations
    Nov 04
    Eugene Xiao, sales manager for Glander International Bunkering in Singapore, discusses conversations with Asian buyers on EU emissions regulations in an interview with Ship & Bunker.
  3. INTERVIEW: Will Regulation, Not Bunker Savings, Drive the Uptake of Digital Bunkering Platforms?
    Oct 31
    Ship & Bunker talks to Julie Louise Nielsen, Global Head of Bunker Sales at StormGeo.
  4. INTERVIEW: TFG Marine Targets 80% of Barges Fitted With MFMs by End-2025
    Oct 24
    The company had MFMs on 60% of its delivery fleet as of Q3, TFG's Kenneth Dam tells Ship & Bunker.
  5. ANALYSIS: Singapore September Sales Climb as Bunker Calls Hit 19-Month Low
    Oct 17
    If the total from the first nine months of the year were to be replicated over the rest of 2024, this year's total for Singapore would reach 53.96 million mt, up by 4.1% from 2023's record high.

Decarbonisation and Alternative Marine Fuels & Power More

  1. V.Group Hires Decarbonisation Managing Director From Maersk Tankers
    Nov 06
    The new hire previously worked for Maersk Tankers from December 2022 to this month, serving most recently as global head of partnerships and pool management.
  2. Public Purse Should Support Hard-to-decarbonise Shipping
    Nov 05
    Governments should deliver "guarantees and loans to de-risk private investments in clean fuel production", according to green lobbyist Transport & Environment.
  3. LNG Leads the Way as Momentum Builds on Bumper Year for Alt Bunker Fuel Capable Vessel Orders
    Nov 05
    96 alt-fuel orders in October bring total YTD orders to 464, 46% higher than the same period in 2023.
  4. Royal Navy Cuts Aircraft Carrier's Bunker Consumption by Up to 5%
    Nov 05
    The Royal Navy and BAE Systems have tested a propeller cleaning system from SeaTec on board the HMS Queen Elizabeth.
  5. Iceland Paves way for Renewables for Local Fleet
    Nov 04
    With carbon captured from smelters acting as feestock.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 564.00 3.50 704.50 2.00 472.50 1.00
Global 20 Ports Average 598.00 2.00 758.50 1.50 505.50 0.00
Global Average Bunker Price 645.00 2.00 814.00 2.50 543.50 0.50
Singapore 598.50 2.50 690.50 3.50 484.00 3.00
Rotterdam 525.00 0.50 685.50 2.50 484.00 5.00
Fujairah 586.00 3.50 765.00 5.50 458.50 0.00
Houston 546.50 8.50 676.50 8.00 464.50 2.50
Busan - login to view prices or
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Gibraltar 559.50 0.50 - 531.00 2.50
Hong Kong 602.50 2.00 690.00 4.50 500.50 1.00
Istanbul 622.50 0.50 742.50 3.00 556.50 9.00
LA / LB 603.00 6.00 723.50 9.00 478.50 2.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 560.50 5.00 702.50 3.50 520.00 2.50
Cristobal, Panama - login to view prices or
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Piraeus 620.50 0.50 727.50 8.50 502.00 7.00
Santos 553.50 12.00 784.50 6.00 -
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St Petersburg 569.00 2.00 711.50 1.00 513.00 10.00
Tokyo - login to view prices or
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