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Hyundai Enters "Eco-Friendly" Bunker Saving Business, Targets $1bn Scrubber Market

Hyundai Enters "Eco-Friendly" Bunker Saving Business, Targets $1bn Scrubber Market

"It is forecast that more than 15,000 ships will have the system onboard and the global market to grow worth about USD 1 billion by 2020," says HGS.
  1. 20Feb
    "Our decision to enter the LNG bunkering market is part of a long-term strategy," says EVOL LNG's Nick Rea. Read in Full
  2. 20Feb
    Iran was the only Middle Eastern producer to see exports rise last month as others complied with the OPEC cutbacks. Read in Full
  3. 20Feb
    Uncertainty over whether OPEC will extend its cutbacks is also weighing heavily on the market. Read in Full
  4. 20Feb
    A leading physical supplier of bunker fuel in Singapore and other ports are looking to hire a Bunker Trader to join their Singapore team. Read in Full
  5. 17Feb
    CEPSA says their product will comply with ISO RMD 80 parameters. Read in Full
  6. 17Feb
    The three-day workshop, held this week in Johor, Malaysia, saw attendees conduct on board inspections under MARPOL Annex VI. Read in Full
  7. 17Feb
    DSME says a Chinese shipbuilding and offshore equipment company filed a patent invalidation complaint to SIPO - a claim that was dismissed. Read in Full
  8. 17Feb
    The company was officially declared bankrupt by a South Korean court today. Read in Full
  9. 17Feb
    Richard Gorry doesn't expect a "true" re-balance to come until "much much later" than this year. Read in Full

Latest Bunker Prices See All Bunker Prices

IFO380 IFO180 MGO
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 316.00 3.00 366.50 1.50 515.50 1.00
Global 20 Ports Average 329.50 2.00 357.50 5.50 546.50 0.50
Global Average Bunker Price 360.00 2.00 372.50 3.00 608.50 1.00
Singapore 325.50 1.50 353.50 4.00 509.50 2.00
Rotterdam 306.00 3.50 340.50 3.00 480.50 3.00
Fujairah 329.50 3.00 372.00 3.00 566.00 0.00
Houston 303.50 3.50 400.00 4.00 506.50 2.00
Busan 354.50 2.50 375.50 1.50 540.00 2.00
Colombo 360.00 0.00 375.00 0.00 550.00 0.00
Durban - 343.00 3.50 550.00 1.50
Gibraltar 321.50 4.50 344.50 2.00 524.50 3.00
Hong Kong 338.00 0.50 348.00 1.50 514.50 2.50
Istanbul 338.50 1.50 354.00 2.00 542.50 4.00
LA / LB 341.00 2.00 445.50 2.00 543.50 1.50
Las Palmas 327.00 2.00 344.50 2.50 533.50 0.00
Mumbai 355.00 0.00 - 670.00 0.00
New York 322.50 0.00 343.50 2.50 505.00 0.00
Cristobal, Panama 318.00 3.00 352.00 2.00 533.50 1.00
Piraeus 323.50 2.50 342.50 1.50 517.00 4.00
Santos 320.00 5.00 352.00 5.00 715.00 4.00
Shanghai 346.00 4.00 453.50 0.00 614.50 2.00
St Petersburg 267.00 5.00 281.00 1.00 470.00 2.50
Tokyo 361.00 4.50 366.00 5.50 -