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IMO's MEPC Meeting Votes to Delay Adoption of Net-Zero Framework

IMO's MEPC Meeting Votes to Delay Adoption of Net-Zero Framework

57 delegations voted to delay, 49 countries opposed the motion and 21 abstained.
  1. 17Oct
    Meanwhile, India refutes claims it has begun reducing oil imports from Russia. Read in Full
  2. 17Oct
    Forrest has written an open letter to delegates offering his support to anyone coming under pressure to vote against their conscience. Read in Full
  3. 17Oct
    New Wartsila-powered facility includes LNG bunkering modules to prepare seafarers for next-generation fuel operations. Read in Full
  4. 17Oct
    Minerva recently delivered a B24 blend to one of Seaboard's ships, a company representative tells Ship & Bunker. Read in Full
  5. 17Oct
    The cruise ship bunkered 2,000 m3 of bio-LNG in a ship-to-ship operation. Read in Full
  6. 17Oct
    The order is part of HMM's 2030 strategy to invest in ships capable of running on alternative marine fuels. Read in Full
  7. 17Oct
    The company now offers physical bunker supply at six Spanish ports. Read in Full
  8. 17Oct
    The company said the former shareholder was a silent investor with no role in management or trading. Read in Full
  9. 17Oct
    The UK has added Indian refiner Nayara Energy, several ships and Russian oil majors Rosneft and Lukoil to its latest round of sanctions. Read in Full
  10. 17Oct
    VLSFO sales declined for the fourth consecutive quarter in Q3 2025. Read in Full

IMO 2050

  1. IMO's MEPC Meeting Votes to Delay Adoption of Net-Zero Framework
    Oct 17
    57 delegations voted to delay, 49 countries opposed the motion and 21 abstained.
  2. INSIGHT: How Will The EU React to the IMO Net-Zero Framework?
    Oct 15
    Dr Richard Burchill of UNUCRIS and R. Tim Eestermans of MacroScope Strategies discuss the potential interaction between EU and IMO decarbonisation regulations.
  3. INSIGHT: How Carbon Pricing Will Reshape Global Bunkering
    Oct 15
    Matthis Pasche of Glander International Bunkering discusses developments in GHG regulation for the shipping industry.
  4. US Warns of Visa Restrictions and Sanctions for Countries Backing IMO 2028 Deal
    Oct 11
    The US has been a longstanding opponent of the IMO 2028 deal, and has repeatedly threatened reprisals against countries supporting it.
  5. ANALYSIS: GHG Compliance May Be Higher Cost Than Bunkers for Some Ships in 2026
    Oct 01
    Some ships on intra-EU voyages may end up paying more for GHG emissions compliance than for fuel in 2026.
  6. INSIGHT: Net Zero Shipping, A Tax Game Disguised as Climate Policy?
    Sep 23
    Rob Mortimer, CEO of Fuelre4m, sets out a case against the IMO's net-zero framework.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 336.50 2.50 692.00 5.50 717.00 6.00
Rotterdam 286.00 1.00 589.00 1.50 610.50 2.00
Houston 337.00 8.50 693.50 18.00 719.00 18.50
Fujairah 209.00 0.50 429.50 2.00 445.00 2.00

Bunker Price Forecast - Q3 2025

Quarterly and full year bunker price forcast for 2025 and 2026. Includes forecasts for global average prices, and at the key ports of Singapore, Rotterdam, Fujairah and Houston.

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Compliance Costs Calculator

Planning for the future? Ship & Bunker has developed a calculator to help shipping companies and other maritime stakeholders estimate the compliance costs for EU ETS, FuelEU Maritime, and IMO 20208 / NZF regulations for their chosen energy mix for the years 2028-2035.

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Top Stories More

  1. IMO's MEPC Meeting Votes to Delay Adoption of Net-Zero Framework
    Oct 17
    57 delegations voted to delay, 49 countries opposed the motion and 21 abstained.
  2. INSIGHT: How Will The EU React to the IMO Net-Zero Framework?
    Oct 15
    Dr Richard Burchill of UNUCRIS and R. Tim Eestermans of MacroScope Strategies discuss the potential interaction between EU and IMO decarbonisation regulations.
  3. US Warns of Visa Restrictions and Sanctions for Countries Backing IMO 2028 Deal
    Oct 11
    The US has been a longstanding opponent of the IMO 2028 deal, and has repeatedly threatened reprisals against countries supporting it.
  4. China Announces New Fees on Port Calls by US Ships
    Oct 10
    The fees will start to be imposed on vessels owned, operated, flagged or built in the US from October 14, and be ramped up in the coming years.
  5. Molgas Fully Acquires LNG Bunker Supplier Titan
    Oct 07
    The move follows Molgas taking a 45% stake in Titan in December 2023, and sets it up as one of the largest LNG bunker suppliers globally at a time when conventional bunkering firms are hesitating over LNG plans.

Insights & Analysis More

  1. Rotterdam Q3 Bunker Sales Drop 4% Y-o-Y as VLSFO Demand Shrinks
    Oct 17
    VLSFO sales declined for the fourth consecutive quarter in Q3 2025.
  2. INSIGHT: Who Really Benefits From LNG?
    Oct 16
    Fuelre4m CEO Rob Mortimer sets out his view on the emergence of LNG as an alternative marine fuel.
  3. HSFO Demand Lifts Fujairah September Bunker Sales by 3.9% on the Year
    Oct 16
    Fujairah's HSFO sales jumped to a record high in September, with the grade accounting for 35.9% of the total sales.
  4. INSIGHT: How Will The EU React to the IMO Net-Zero Framework?
    Oct 15
    Dr Richard Burchill of UNUCRIS and R. Tim Eestermans of MacroScope Strategies discuss the potential interaction between EU and IMO decarbonisation regulations.
  5. INSIGHT: How Carbon Pricing Will Reshape Global Bunkering
    Oct 15
    Matthis Pasche of Glander International Bunkering discusses developments in GHG regulation for the shipping industry.
  6. ANALYSIS: Singapore September Sales Drop 3.7% On the Month
    Oct 15
    Bunker sales in Singapore for September fell to their lowest level in three months.
  7. VIEWPOINT: Questions Remain Over OSPAR Decision to Restrict Scrubbers
    Oct 07
    Pro-scrubber shipping group the Clean Shipping Alliance discusses the the OSPAR commission's recent decision to ban scrubber washwater discharges.
  8. ANALYSIS: GHG Compliance May Be Higher Cost Than Bunkers for Some Ships in 2026
    Oct 01
    Some ships on intra-EU voyages may end up paying more for GHG emissions compliance than for fuel in 2026.
  9. INSIGHT: Net Zero Shipping, A Tax Game Disguised as Climate Policy?
    Sep 23
    Rob Mortimer, CEO of Fuelre4m, sets out a case against the IMO's net-zero framework.

Decarbonisation and Alternative Marine Fuels & Power More

  1. IMO's MEPC Meeting Votes to Delay Adoption of Net-Zero Framework
    Oct 17
    57 delegations voted to delay, 49 countries opposed the motion and 21 abstained.
  2. South Korea's HMM Orders 12 LNG-Fuelled Boxships
    Oct 17
    The order is part of HMM's 2030 strategy to invest in ships capable of running on alternative marine fuels.
  3. Japanese First Hydrogen-Fuelled Tugboat Delivered
    Oct 16
    The dual-fuel tugboat can carry about 250 kg of hydrogen in high-pressure tanks.
  4. Klaipeda LNG Terminal Completes First Virtual Bio-LNG Liquefaction
    Oct 16
    BioLNG was loaded onto the Coral Energy ship at Klaipeda LNG terminal as KN Energies completed the Baltic region's first virtual biomethane liquefaction.
  5. INSIGHT: How Will The EU React to the IMO Net-Zero Framework?
    Oct 15
    Dr Richard Burchill of UNUCRIS and R. Tim Eestermans of MacroScope Strategies discuss the potential interaction between EU and IMO decarbonisation regulations.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 434.00 6.50 661.50 6.50 386.50 6.00
Global 20 Ports Average 483.00 6.00 733.00 7.50 427.00 6.50
Global Average Bunker Price 529.00 2.50 774.00 5.00 439.00 7.00
Singapore 443.00 8.00 656.50 5.00 381.50 3.50
Rotterdam 424.00 4.00 639.50 10.00 395.00 8.00
Fujairah 437.00 9.00 720.50 1.50 377.00 3.00
Houston 431.00 6.00 629.50 9.00 392.00 10.00
Busan - login to view prices or
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Gibraltar 453.00 1.50 - 434.50 11.00
Hong Kong 461.00 3.50 640.50 9.50 400.50 4.50
Istanbul 613.00 2.50 730.50 13.00 534.00 1.50
LA / LB 523.00 4.00 751.50 13.00 416.50 6.50
Las Palmas - login to view prices or
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New York 464.50 4.50 682.00 3.00 407.50 4.50
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Piraeus 544.00 3.00 722.50 10.00 444.50 3.00
Santos 456.00 1.00 787.50 4.00 -
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