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NSI Sees Large Suppliers Increasingly 'Dominating' Bunker Hubs

NSI Sees Large Suppliers Increasingly 'Dominating' Bunker Hubs

"I see the high-volume ports being increasingly dominated by the cargo players, and the smaller ports continuing to be controlled by the companies with local knowledge."
  1. 07May
    Major airlines are radically reducing their fuel-hedging programs. Read in Full
  2. 07May
    Industry bodies have argued that both their proposal for a small bunker levy to build up a decarbonisation research and development fund and wider market-based-measures should be discussed simultaneously at the IMO this year. Read in Full
  3. 07May
    The new system will provide members with bunker alerts from VPS for any ports near their ships where fuel-quality problems have been detected. Read in Full
  4. 07May
    The firm is looking for candidates fluent in at least one additional language as well as English. Read in Full
  5. 07May
    The firm's target was noted in a statement from the city-state's Maritime and Port Authority on Friday hailing Singapore's first ship-to-ship LNG bunkering of a gas-powered tanker. Read in Full
  6. 07May
    Green hydrogen -- produced using renewable power -- is currently more expensive than the so-called 'blue' variant -- made using fossil fuels with carbon capture and storage. Read in Full
  7. 07May
    The firm made the point in its first-quarter results on Thursday, in which it revealed it dropped to a $71.7 million loss from a $226.2 million profit a year earlier. Read in Full
  8. 06May
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 29 – May 05, 2021. Read in Full
  9. 06May
    Some analysts think the U.S. Memorial Day weekend will release pent-up demand. Read in Full
  10. 06May
    The announcement has now been pushed back to July 14. Read in Full

With the ongoing Coronavirus pandemic restricting opportunities for traditional training, Ship & Bunker has partnered with Refinery Automation Institute (RAI) to launch its first online bunker training course.    Learn More →

Top Stories

  1. NSI Sees Large Suppliers Increasingly 'Dominating' Bunker Hubs
    May 06
    "I see the high-volume ports being increasingly dominated by the cargo players, and the smaller ports continuing to be controlled by the companies with local knowledge."
  2. Leave Old Ships Unaltered to Save Money for Zero-Carbon Ship Orders: Danish Shipping
    May 06
    The organisation has published new analysis in conjunction with consultancy CE Delft on how to impose carbon dioxide regulations.
  3. France's Total Represents at Least 75% of Rotterdam LNG Bunker Sales
    May 05
    The company has delivered more than 160,000 m3 of LNG at Rotterdam with its barge the Gas Agility since it commenced operations in November.
  4. Maersk's Q1 Bunker Purchases Rose by 8.3% on the Year
    May 05
    The firm posted first-quarter bunker consumption of 2.7 million mt in a results statement on Wednesday, up from 2.5 million mt in the same period of 2020.
  5. Fuel Supplier Dan-Bunkering Appoints New CEO After Three Years
    May 04
    Former CEO Christoffer Berg Lassen left Dan-Bunkering in March 2018 to move to parent company Bunker Holding, where he currently serves as its chief commercial officer.
  6. Rotterdam's Q1 Bunker Sales Fell by Just 0.9% From IMO 2020 High
    May 04
    Total conventional bunker sales excluding LNG, biofuels and lubricants reached 2.3 million mt in the first quarter.
  7. Bunker Supplier Monjasa to Track CO2 Emissions as Part of Responsibility Strategy
    May 03
    The company 'strongly supports' the IMO's initial strategy on the reduction of greenhouse gas emission from shipping.
  8. EU Sees All Options on Table on Shipping Carbon Policy
    May 03
    The commission is widely expected to announce the inclusion of shipping in the existing ETS in a legislative proposal next month.
  9. Titan LNG Sees Insufficient Analysis to Compare Ammonia Bunkers to LNG
    Apr 30
    Niels den Nijs and Michael Schaap, respectively CEO and commercial director of Titan, published a statement on the company's website on Friday responding to the World Bank's recent criticism of LNG as a bunker fuel.
  10. Hapag-Lloyd Establishes New Bunker Desk in Singapore
    Apr 30
    The new desk was set up earlier this month, and will handle about half of the firm's global fuel requirements.

Insights & Analysis More

  1. S&B ANALYSIS: WFS Q1 Margins, Volumes Sink Year-on-Year From IMO 2020 Boom
    Apr 30
    WFS bunker margins have more than doubled since the end of 2020, but remain significantly below the record levels seen in the IMO 2020 transition.
  2. INTERVIEW: Monjasa Sees Further Volumes Growth in 2021 After Record 2020
    Apr 19
    COO Svend Mølholt expects a further boost to its volumes 2021, but warns of sliding profits as margins come under pressure.
  3. INTERVIEW: Singapore Maritime Institute Sets Out Uncertain Alternative Fuels Future
    Apr 16
    "Singapore cannot hope to be everything to everyone."
  4. FEATURE: Bunker Industry Assesses Credit Situation With 10% of Financing Disappearing
    Apr 14
    Panelists at IBIA's Shipping & Bunkering in Transition conference said as much as 10% of traditional financing for the bunker industry has disappeared, and new lending is only available at a much higher cost.
  5. 'Soaring' Singapore Demand Sees Monjasa 2020 Sales Gain 8.9% in Shrinking Global Market
    Apr 13
    Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million.
  6. S&B Analysis: Singapore Bunker Sales Gain 1.9% Month-on-Month in March
    Apr 13
    Singapore's first-quarter total has reached 12.72 million mt, down by 0.8% from the same period of 2.020

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 497.50 6.50 573.50 4.50 395.00 3.50
Global 20 Ports Average 520.00 3.50 590.50 1.00 409.50 1.00
Global Average Bunker Price 539.50 1.00 633.50 6.50 434.00 4.50
Singapore 501.00 5.50 556.50 6.00 393.00 7.50
Rotterdam 494.00 2.00 553.00 2.00 390.00 0.00
Fujairah 507.00 5.50 603.50 13.00 408.00 4.00
Houston 489.50 10.50 580.50 2.00 389.00 3.50
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Gibraltar 504.00 7.50 - 416.00 1.00
Hong Kong 504.50 3.50 517.50 8.00 402.00 4.50
Istanbul 538.00 0.50 596.50 0.00 429.00 0.50
LA / LB 542.00 10.00 645.00 0.00 441.00 7.00
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New York 506.50 9.00 609.00 0.00 397.00 4.50
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Piraeus 546.50 0.50 592.00 7.00 415.00 1.00
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