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VPS: 2024 Marine Bunker Fuels Review

VPS: 2024 Marine Bunker Fuels Review

Steve Bee of VPS Group discusses the developments in marine fuel quality in 2024.
  1. 18Feb
    Meanwhile, Saudi crude exports drop in September in line with OPEC cuts. Read in Full
  2. 18Feb
    The company has taken a new barge to cater to increasing bunker demand in the region. Read in Full
  3. 18Feb
    Damaged facility is being bypassed. Read in Full
  4. 18Feb
    The firm said finding suppliers willing to deliver 40-100 mt stems of biofuel blends remains difficult. Read in Full
  5. 18Feb
    The two-stroke ammonia engine currently being tested by Mitsui will eventually be installed on a 200,000-dwt bulk carrier. Read in Full
  6. 18Feb
    The firm's vehicle carrier bunkered about 400 mt of B24-VLSFO at the Port of Yokohama. Read in Full
  7. 18Feb
    Core Power says floating nuclear plants can be mass-produced and towed to customer locations without the need for complex site preparations. Read in Full
  8. 18Feb
    Netherlands-based Frans van Helden has joined VPS as CFO as of this month. Read in Full
  9. 18Feb
    Ship & Bunker's G20-VLSFO Index lost $0.50/mt to $595/mt on Monday, paring the previous session's $2/mt gain. Read in Full
  10. 18Feb
    By opting for biofuel-powered shipments, customers can help reduce their scope 3 GHG emissions. Read in Full
  11. 18Feb
    The 7,800 m3 vessel, owned by a joint venture between Gasum and Sirius Shipping, will be chartered by Gasum. Read in Full

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 374.50 2.00 770.00 5.00 798.50 5.50
Rotterdam 360.50 0.50 741.50 34.50 769.00 35.50
Houston 393.00 9.00 809.00 20.00 838.50 21.00
Fujairah 254.50 0.50 523.50 2.00 543.00 2.00

Top Stories More

  1. INTERVIEW: Eitzen launches Christiania Energy in Denmark
    Feb 17
    Odense-based Christiania Energy was set up last year to cover the needs of Christiania Shipping, and is now seeking to explore pool partnerships, Managing Director Patrick Jørgensen tells Ship & Bunker.
  2. Bunker Holding to Be Presented With Potential Acquisition Case Next Week
    Feb 14
    The firm's executive management team is set to be presented with a potential acquisition case next week, CEO Keld Demant tells Ship & Bunker.
  3. IBIA Takes on Alternative Fuels and MFMs in 2025 Training Programme
    Feb 14
    As the industry looks to future fuels and MFMs, IBIA's task is to follow that development and adapt its training, IBIA's Claudia Beumer tells Ship & Bunker.
  4. Port of Ceuta Mandates Mass Flow Meters for Bunker Supply
    Feb 12
    Marine fuel deliveries by barge at Ceuta will need to use MFMs from this month onwards.
  5. Container Lines Double Emissions Surcharges for Asia-Europe Trade
    Feb 12
    While carriers expect lower bunker fuel costs in 2025, overall fuel expenses for European port calls will rise due to increasing regulatory costs.

Insights & Analysis More

  1. INTERVIEW: Eitzen launches Christiania Energy in Denmark
    Feb 17
    Odense-based Christiania Energy was set up last year to cover the needs of Christiania Shipping, and is now seeking to explore pool partnerships, Managing Director Patrick Jørgensen tells Ship & Bunker.
  2. INTERVIEW: SEA-LNG Sees 'The Game Just Starting' on LNG Bunkering
    Feb 07
    SEA-LNG still sees the current state of play as an early stage in LNG's development, Chairman Peter Keller tells Ship & Bunker.
  3. FEATURE: Shipping, Bunker Markets Mull Pros and Cons of New U.S. Tariffs
    Feb 03
    Bunker Holding, Xeneta among those sharing their view with Ship & Bunker.
  4. VPS: How to Engineer and Manage Green Shipping Fuels
    Jan 30
    Stanley George, VPS Group technical and science manager, discusses some of the technical challenges posed by the current marine fuel mix.
  5. INTERVIEW: Burando Energies Sees HSFO Reaching 40% of Rotterdam Bunker Sales in 2025
    Jan 29
    Burando is preparing for increased HSFO sales at the Northwest European hub, General Manager Felix Vertommen tells Ship & Bunker.
  6. INSIGHT: A Comparative Analysis of Alternative Fuels for Sustainable Maritime Shipping
    Jan 28
    Eliseo Curcio, director of clean technologies at Blend Tiger, discusses the relative advantages of the range of alternative fuels being offered to the shipping industry.

Yemen & Red Sea Attacks

  1. Suez Canal Authority Expects Normalisation of Traffic From Late March: Report
    Feb 11
    The authority expects a gradual return to normal traffic from late March and a full recovery by the middle of this year.
  2. Algoa Bay Bunkering Set to Resume Following Shutdown in Sep 2023
    Jan 30
    Offshore bunkering is available again at the Algoa Bay anchorage, a local shipping agent tells Ship & Bunker.
  3. Crew Flees Ship as Fire Breaks Out in Red Sea
    Jan 29
    Initial indications suggest the fire was caused by onboard hazardous cargo rather than an external attack.
  4. CMA CGM Joins Maersk in Continuing to Reroute Ships Away from Red Sea
    Jan 27
    French container line CMA CGM has joined Maersk in opting to keep rerouting vessels around the Cape of Good Hope.
  5. Maersk to Continue Diversions Away from Red Sea and Suez Canal
    Jan 24
    Maersk will continue with diversions around Africa until 'safe passage through the area is ensured for the longer term', it tells customers.

Decarbonisation and Alternative Marine Fuels & Power More

  1. INTERVIEW: Eitzen launches Christiania Energy in Denmark
    Feb 17
    Odense-based Christiania Energy was set up last year to cover the needs of Christiania Shipping, and is now seeking to explore pool partnerships, Managing Director Patrick Jørgensen tells Ship & Bunker.
  2. CSC Urges IMO Member States to Align Levy and Fuel Standard with Revised CII
    Feb 17
    The Clean Shipping Coalition says GHG fuel standard and carbon levy should align with the revised CII.
  3. ICS Sees Growing Support from Member States for Carbon Levy at IMO
    Feb 17
    The International Chamber of Shipping (ICS) argues that a carbon levy provides the best means of shipping decarbonisation.
  4. ABS Sees No Net-Zero in Shipping Without Nuclear Power
    Feb 14
    While nuclear energy has been used in naval vessels, its adoption in commercial shipping has been hindered by regulatory and safety concerns.
  5. IBIA Takes on Alternative Fuels and MFMs in 2025 Training Programme
    Feb 14
    As the industry looks to future fuels and MFMs, IBIA's task is to follow that development and adapt its training, IBIA's Claudia Beumer tells Ship & Bunker.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 558.50 1.50 717.50 4.00 477.50 1.00
Global 20 Ports Average 594.50 0.50 788.50 3.00 514.00 1.00
Global Average Bunker Price 640.00 0.00 832.00 0.50 525.50 3.00
Singapore 570.50 2.00 691.50 2.00 499.00 2.50
Rotterdam 538.00 0.50 681.00 6.00 467.50 6.00
Fujairah 567.00 0.50 769.00 5.50 487.50 3.00
Houston 558.00 9.00 729.00 3.50 457.00 1.50
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 568.50 0.00 - 515.50 1.50
Hong Kong 580.50 3.50 703.00 0.50 513.50 8.00
Istanbul 611.50 2.50 774.50 10.50 555.50 4.00
LA / LB 647.00 1.50 790.50 3.00 563.50 1.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 558.00 1.50 776.50 3.00 512.00 2.50
Cristobal, Panama - login to view prices or
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Piraeus 624.50 0.50 762.00 1.00 498.00 2.00
Santos 564.00 0.00 785.50 0.00 -
Shanghai - login to view prices or
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St Petersburg 560.00 0.00 718.00 0.00 406.00 0.00
Tokyo - login to view prices or
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