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European Commission Proposes $45/bl Price Cap for Russian Fuel Oil

European Commission Proposes $45/bl Price Cap for Russian Fuel Oil

In metric tonne terms for fuel oil a $45/bl price cap would work out at $285.75/mt, while for marine gasoil a $100/bl price cap would work out at $746/mt.
  1. 30Jan
    The firm is looking for candidates with at least seven years of experience in the operation of LNG bunker vessels or small gas carriers. Read in Full
  2. 30Jan
    Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $706.50/mt on Frisday, remaining at the highest level since November 17. Read in Full
  3. 30Jan
    The 210,000 DWT Capesize bulker's design has received ClassNK's approval in principle. Read in Full
  4. 30Jan
    The changes will come into effect on July 1. Read in Full
  5. 30Jan
    The company is looking for candidates with fluent English and a degree. Read in Full
  6. 28Jan
    Meanwhile, a dramatic plunge in Covid illnesses and death in China is overlooked. Read in Full
  7. 27Jan
    The tested results ranged from 0.12 % m/m – 0.14 % m/m. Read in Full
  8. 27Jan
    Maersk is aiming to move to a 'single, unified brand', as a result of which the brands of Hamburg Süd, Sealand, Twill and some newer Maersk units will be brought to an end. Read in Full
  9. 27Jan
    Rotterdam saw a total of 1,500 mt of methanol bunker sales last year, up from 250 mt in 2021. Read in Full
  10. 27Jan
    Jacob Vilstrup Lisby is set to join Hafnia as a trader in Copenhagen as of February 1. Read in Full

Top Stories More

  1. Mabanaft Partners With Hapag-Lloyd on Ammonia Bunker Supply
    Jan 25
    The two companies have signed a memorandum of understanding to evaluate options for the supply of ammonia as a bunker fuel in and around Hamburg and Houston.
  2. Global VLSFO Off-Spec Rate Jumped to 15-Month High in Q4
    Jan 23
    About 2.3% of the VLSFO samples analysed by Verifuel in the fourth quarter of 2022 were found to be off-specification, a company representative tells Ship & Bunker.
  3. Equatorial Marine Claims Singapore's Top 2022 Supplier Spot
    Jan 16
    Firms backed by global oil producers and commodity traders generally performed well last year.
  4. S&B ANALYSIS: Singapore 2022 Bunker Sales Slip to Three-Year Low
    Jan 13
    2022's total was 47.88 million mt, down by 4.2% on the year and the lowest annual figure since 2019.
  5. Singapore 2022 LNG Bunker Sales Flop as Biofuels Surge
    Jan 13
    Singapore noted a total of just 16,000 mt of LNG bunker sales in 2022, down by 68% from the 50,000 mt of sales seen in 2021.

Insights & Analysis More

  1. Equatorial Marine Claims Singapore's Top 2022 Supplier Spot
    Jan 16
    Firms backed by global oil producers and commodity traders generally performed well last year.
  2. Uniper Middle East Sale to Test Bunker Industry's Appetite for Owning Production Assets
    Jan 09
    Historically the bunker industry has avoided owning production assets, but after last year's record margins some firms may warm to the idea.
  3. FEATURE Bunker Industry Faces Downturn in 2023 After 2022's Record Margins
    Jan 05
    A drop in bunker demand this year, in particular from the container segment, is set to put a dampener on celebrations over 2022's record margins.
  4. S&B ANALYSIS: IMO Data Shows 3.8% Global Bunker Demand Gain in 2021
    Dec 30
    Official IMO data for 2021 shows global demand 3.8% over 2020's levels, with strong gains for all shipping segments except tankers.
  5. INTERVIEW: Hedging Firm GRM Sees Shorter-Term Strategies Emerging
    Dec 20
    Global Risk Management's Martin Vorgod discusses hedging strategies, expectations for 2023 and new opportunities in the decarbonisation era.

Decarbonisation and Alternative Marine Fuels & Power More

  1. BUNKER JOBS: Bunker Holding Seeks New Fuels Technical Manager
    Jan 30
    The firm is looking for candidates with at least seven years of experience in the operation of LNG bunker vessels or small gas carriers.
  2. MOL Ammonia-Fuelled Bulker Design Wins ClassNK Approval
    Jan 30
    The 210,000 DWT Capesize bulker's design has received ClassNK's approval in principle.
  3. Port of Rotterdam Expects Regular Methanol Bunker Sales From Summer 2023
    Jan 27
    Rotterdam saw a total of 1,500 mt of methanol bunker sales last year, up from 250 mt in 2021.
  4. Strong Q4 Leaves Rotterdam 2022 Bunker Sales at Six-Year High
    Jan 26
    Rotterdam's conventional sales total for 2022 was 9.72 million mt, up by 4.6% on the year and the most since 2016.
  5. MPC Container Ships Takes on Synthetic MDO Bunkers in Existing Vessels
    Jan 26
    The firm has signed a deal with Germany's INERATEC for the supply of synthetic MDO from the start of 2024.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 668.50 11.50 1026.00 3.00 419.50 5.50
Global 20 Ports Average 706.50 6.50 1060.50 5.50 473.00 3.00
Global Average Bunker Price 751.50 7.00 1119.00 3.50 498.00 2.50
Singapore 709.00 8.00 938.50 10.50 432.00 7.50
Rotterdam 623.00 10.00 952.50 19.50 417.50 5.00
Fujairah 690.00 12.50 1177.00 16.00 409.50 5.00
Houston 652.00 16.50 1035.50 1.50 418.00 3.00
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 667.50 11.50 - 449.50 2.00
Hong Kong 689.50 3.50 978.00 13.00 483.00 0.50
Istanbul 751.00 5.50 1110.50 5.00 715.50 0.00
LA / LB 773.00 0.50 1154.50 58.00 537.50 13.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 648.00 4.00 1090.50 13.00 450.00 0.00
Cristobal, Panama - login to view prices or
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Piraeus 802.00 5.00 1002.50 7.00 421.50 9.50
Santos 704.50 15.50 1117.50 4.00 -
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