Latest News
Turkish Market Sees Doubling of MGO Demand After Med ECA Launch
Energy Petrol assumes Turkish demand shares will settle somewhere around 50% MGO, 30% ULSFO, 15% HSFO and 5% VLSFO, its owner tells Ship & Bunker.
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14MayMeanwhile, OPEC pumps less than promised. Read in Full
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14MayThe firm will supply at Kingston and on the north coast of Jamaica in partnership with local supplier Scott Petroleum from June 1. Read in Full
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14MaySea-LNG sees LNG as delivering the strongest investment case for shipowners navigating new decarbonisation rules. Read in Full
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14MayThe blend was made up of VLSFO combined with 30% ISCC-certified FAME residue. Read in Full
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14MayDekker Group is testing the B15 marine biofuel blend in inland shipping. Read in Full
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14MayThe Swedish port has added a second shore power connection for cruise ships. Read in Full
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14MayThe Japanese shipping firm has added its first dual-fuel methanol vessel to its fleet. Read in Full
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14MayGlobal VLSFO prices have consistently been rising since the start of last week. Read in Full
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14MayNordic Investment Bank will grant a €45 million loan to co-finance the construction of four vessels. Read in Full
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14MayA range of senior and junior roles are on offer despite recent difficulties in the market, Vernon Jayanathan tells Ship & Bunker. Read in Full
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14MayThe biogas plant will produce 120 GWh of liquified biogas annually. Read in Full
MEPC 83 & IMO 2028
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Apr 30The report assesses the total daily operating costs for VLSFO, LNG, methanol, biodiesel, hydrogen and ammonia, factoring in IMO penalties, fuel prices, capital expenditure and retrofit costs. -
Apr 23Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028. -
Apr 18Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028. -
Apr 15Bulk shipping industry body INTERCARGO is concerned about the complex nature of GHG reduction measures put forward by the IMO. -
Apr 15The gas lobby group thinks that e-methane and bio-LNG are more scalable than other alternative fuels. -
Apr 15Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
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May 13The firm will no longer take on new business after more than 45 years in bunkering. -
May 07"They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said. -
May 06Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices. -
May 05BP was listed by the MPA as being in the top ten of its licensed bunker suppliers by volume in 2024, and came in at seventh place in 2023 and sixth in 2022. -
Apr 28Failing to keep track of energy density variations could be costing shipping companies as much as $25/mt in fuel bills, Shipergy CEO Daniel Rose tells Ship & Bunker.
Insights & Analysis More
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May 06Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices.
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Apr 24Steve Bee of VPS discusses the potential for cashew nut shell liquid to be used as a biofuel component in bunker blends. -
Apr 23Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
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Apr 18Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.
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Apr 17If the Q1 total were replicated over the rest of 2025, Singapore's annual sales would reach 52 million mt, down by 4.5% from 2024's record high. -
Apr 16Steve Bee and Emilian Buksak of VPS discuss the new IMO 2028 deal. -
Apr 16Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance. -
Apr 15Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
Yemen & Red Sea Attacks
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May 13The Suez Canal Authority has announced a 15% rebate on transit dues for container ships of 130,000 tonnes or more. -
May 09Xeneta says a full return of container ships to the Red Sea following a US-Houthi ceasefire could trigger a global collapse in freight rates. -
May 08Executives from CMA CGM and the Suez Canal Authority held talks this week to explore a full return to Suez Canal transits. -
May 08Houthis claim they have carried out strikes at various warships in the Red Sea, including a US aircraft carrier. -
May 07"They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said.
Decarbonisation and Alternative Marine Fuels & Power More
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May 13The firm will supply power systems for a new container vessel. -
May 13The South Korean government plans to invest $40.5 million this year to develop the demonstration vessel. -
May 12The Norwegian firm has decided to stop development of green hydrogen products amid market uncertainty. -
May 08The vessel can be remotely operated for up to 30 days without recharging or refuelling. -
May 07The EU is calling for proposals that focus on decarbonising the shipping industry, offering €8 million in funding for selected projects.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 498.50 | 12.00 | 649.50 | 15.00 | 428.50 | 7.00 |
| Global 20 Ports Average | 540.00 | 8.00 | 718.50 | 10.50 | 473.00 | 8.00 |
| Global Average Bunker Price | 576.00 | 5.50 | 759.00 | 3.50 | 485.00 | 3.50 |
| Singapore | 532.00 | 15.50 | 623.00 | 25.00 | 453.50 | 13.50 |
| Rotterdam | 472.50 | 8.00 | 623.00 | 10.50 | 428.50 | 0.00 |
| Fujairah | 519.50 | 15.50 | 725.00 | 8.50 | 432.00 | 7.50 |
| Houston | 469.50 | 8.00 | 627.00 | 16.50 | 399.50 | 7.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 528.00 | 9.50 | - | 485.50 | 12.00 | |
| Hong Kong | 535.50 | 5.50 | 630.00 | 8.50 | 471.00 | 7.50 |
| Istanbul | 642.00 | 0.50 | 736.00 | 1.50 | 541.50 | 16.50 |
| LA / LB | 563.00 | 10.50 | 671.00 | 17.50 | 463.50 | 18.50 |
| Las Palmas |
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| Mumbai |
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| New York | 495.50 | 8.50 | 670.00 | 12.00 | 430.00 | 7.00 |
| Cristobal, Panama |
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| Piraeus | 560.00 | 10.50 | 698.00 | 10.50 | 461.50 | 8.50 |
| Santos | 506.00 | 3.50 | 762.50 | 0.50 | - | |
| Shanghai |
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| St Petersburg | 527.50 | 10.00 | 710.00 | 0.00 | 413.00 | 0.00 |
| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 540.00 | 8.00 | 718.50 | 10.50 |
| Global 4 Ports Average | 498.50 | 12.00 | 649.50 | 15.00 |
| Global Average Bunker Price | 576.00 | 5.50 | 759.00 | 3.50 |
| Singapore | 532.00 | 15.50 | 623.00 | 25.00 |
| Fujairah | 519.50 | 15.50 | 725.00 | 8.50 |
| Rotterdam | 472.50 | 8.00 | 623.00 | 10.50 |
| Houston | 469.50 | 8.00 | 627.00 | 16.50 |
Bunker Jobs
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May 14A range of senior and junior roles are on offer despite recent difficulties in the market, Vernon Jayanathan tells Ship & Bunker.
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May 13The ideal candidate will have a minimum of three years' experience in bunker sales, preferably with an existing portfolio of clients and suppliers. -
May 12The company is looking for candidates for both junior and experienced bunker trader roles in the world's largest marine fuels hub. -
May 09The company is looking for candidates with experience in sales or trading and fluent English. -
May 08The company is looking for candidates with experience in container operations and fluent English.
Popular Now More
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May 13The firm will no longer take on new business after more than 45 years in bunkering.
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May 13The new hire was previously managing director and partner in the US for The Bunker Firm since March 2024, and had earlier worked for WFS for nine years. -
May 14A range of senior and junior roles are on offer despite recent difficulties in the market, Vernon Jayanathan tells Ship & Bunker.
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May 12The UK targets nearly 100 Russian shadow fleet tankers to cut Russian funding and protect key infrastructure. -
May 14The firm will supply at Kingston and on the north coast of Jamaica in partnership with local supplier Scott Petroleum from June 1. -
May 12Monjasa's UAE LNG operation, launched at the start of 2025, is being reevaluated until more favourable market conditions emerge. -
May 13European Energy's new e-methanol facility is set to be inaugurated on Tuesday, with the first supply to Maersk's vessel.