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S&B ANALYSIS: Assessing the Impact of the Russia Crisis on Bunker Markets

S&B ANALYSIS: Assessing the Impact of the Russia Crisis on Bunker Markets

The Russian invasion of Ukraine is having some surprising impacts on inter-product and inter-port price spreads as well as demand.
  1. 19May
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 12 – May 18, 2022. Read in Full
  2. 19May
    The company has ordered four 7,700 TEU dual-fuelled container ships from a major shipyard. Read in Full
  3. 19May
    "We decided to address topics in the first instance where we know we can create resources and help right away," MFA CEO Anthony Mollet tells Ship & Bunker. Read in Full
  4. 19May
    Germany's DekaBank is the latest firm to sign up to the framework. Read in Full
  5. 19May
    Johannessen is set to join Alfa Laval's energy division as of June 1 with responsibility for business development in fuel cells and energy storage. Read in Full
  6. 19May
    New whitepaper suggests gen 2 biofuel blends as the safest route for now, while biofuel bunker supplier Goodfuels says it has a strong and public track record of supplying B100 products to the maritime industry. Read in Full
  7. 19May
    Bunker blending specialists Eliseo Curcio & Michele Miceli discuss biofuel-VLSFO blend properties. Read in Full
  8. 19May
    Navigating headwinds: Sailing into a clean sustainable era When: June 15-16, 2022 | 08:15am to 5:00pm GMT+8 Where: Grand Hyatt Singapore Read in Full
  9. 18May
    Meanwhile, U.S. drivers are spending twice on gas compared to last year. Read in Full
  10. 18May
    Bunker Holding CEO Keld Demant discusses his firm's new strategy in an interview with Ship & Bunker after seeing the second-best results in the firm's history in 2021/22. Read in Full

Russia / Ukraine

  1. S&B ANALYSIS: Assessing the Impact of the Russia Crisis on Bunker Markets
    May 19
    The Russian invasion of Ukraine is having some surprising impacts on inter-product and inter-port price spreads as well as demand.
  2. INTERVIEW: Bunker Holding CEO Sets New Five-Year Strategy
    May 18
    Bunker Holding CEO Keld Demant discusses his firm's new strategy in an interview with Ship & Bunker after seeing the second-best results in the firm's history in 2021/22.
  3. Activists Target Russian Oil Cargo in Thames Estuary
    May 16
    Unloading Russian diesel oil disrupted forcing tanker to drop anchor elsewhere.
  4. European Bunker Markets: Avails Fears Recede As Chinese Lockdowns Puncture Global Demand
    May 16
    Demand weak at start of week, market sources say.
  5. Shipping: Russian Sanctions Push Compliance Centre Stage
    May 10
    Strong risk control and robust compliance will become key areas for shipping companies in the months and years ahead, says Lloyd's List editor Richard Meade.
  6. Russian Connection Means Newbuild Ferry Not Covered
    May 10
    Ship languishes in port as leasing arrangement falls under Russian sanctions.
  7. Proposed EU Russian Tanker Ban Stalls
    May 10
    But prohibition on provision of marine insurance services may stay.
  8. Dan-Bunkering Shuts Kaliningrad Office in Response to Ukraine War
    May 09
    The office was Dan-Bunkering's main presence in the Russian bunker market.
  9. European Union to Ban Russian Oil Imports by End of 2022
    May 04
    The EU plans to phase out imports of Russian crude within six months and of refined products by the end of 2022.
  10. Dutch Dockers Won't Unload Russian Gasoil at Amsterdam
    May 03
    Move follows similar refusal by Swedish dock workers.

Top Stories More

  1. INTERVIEW: Bunker Holding CEO Sets New Five-Year Strategy
    May 18
    Bunker Holding CEO Keld Demant discusses his firm's new strategy in an interview with Ship & Bunker after seeing the second-best results in the firm's history in 2021/22.
  2. S&B ANALYSIS: Singapore Bunker Sales Slip Further in April
    May 13
    The total was dragged down on a monthly basis by HSFO sales after the contamination reported in Singapore in February and March.
  3. Dan-Bunkering Shuts Kaliningrad Office in Response to Ukraine War
    May 09
    The office was Dan-Bunkering's main presence in the Russian bunker market.
  4. Singapore's Contaminated HSFO Came From Khor Fakkan: MPA
    May 05
    The MPA's investigations have concluded that the contaminated fuel was loaded at Khor Fakkan in the UAE and shipped to storage facilities in Malaysia for further blending.
  5. Monjasa Joins Biofuel Bunker Market
    May 04
    A spokesman for Monjasa tells Ship & Bunker a delivery off Dubai in March was the company's first biofuel bunker stem in its history.
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Insights & Analysis More

  1. S&B ANALYSIS: Assessing the Impact of the Russia Crisis on Bunker Markets
    May 19
    The Russian invasion of Ukraine is having some surprising impacts on inter-product and inter-port price spreads as well as demand.
  2. WHITEPAPER: Bio-Bunkers the Immediate Solution to the Energy Transition
    May 19
    Bunker blending specialists Eliseo Curcio & Michele Miceli discuss biofuel-VLSFO blend properties.
  3. INTERVIEW: Bunker Holding CEO Sets New Five-Year Strategy
    May 18
    Bunker Holding CEO Keld Demant discusses his firm's new strategy in an interview with Ship & Bunker after seeing the second-best results in the firm's history in 2021/22.
  4. S&B ANALYSIS: Singapore Bunker Sales Slip Further in April
    May 13
    The total was dragged down on a monthly basis by HSFO sales after the contamination reported in Singapore in February and March.
  5. S&B ANALYSIS: WFS Q1 Bunker Margins Surge to Most Since IMO 2020 Transition
    Apr 29
    The company reported net profit of $23.1 million from its marine division in the first quarter, up by 292% from the previous quarter and by 261% from Q1 2021.
  6. The Value & Importance of Low-Cost, Pre-Burn, Rapid GCMS Screening of Marine Fuels
    Apr 28
    The greatest challenge in detecting chemical contamination is the many thousands of organic compounds that exist which may contaminate marine fuel.
  7. INTERVIEW: BLUE's Adrian Tolson Calls for Major Rethink After Large Bunker Quantity Shortfalls Revealed
    Apr 26
    BLUE Insight's Adrian Tolson tells Ship & Bunker self-regulation will be needed in the years ahead as the marine fuel supply chain faces more scrutiny.
  8. Singapore Bad Bunkers: What Does 'Meets ISO 8217 Specification' Actually Mean?
    Apr 26
    "There will now be suits coming out of the Singapore situation," lawyer Steve Simms tells Ship & Bunker.
  9. Singapore: Quarterly Bunker Sales, Calls For Bunkers at Multi-Year Lows
    Apr 13
    But March sales improve sequentially, up 7.7% over the 3.5 million mt sold last month.
  10. INTERVIEW: Wärtsilä Sees Scrubbers as 'Dominant' Emissions Solution for Newbuildings
    Apr 13
    Wärtsilä's Sigurd Jenssen tells Ship & Bunker the firm is seeing growing demand for scrubbers both for newbuildings and retrofits this year.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Alfa Laval Hires MMMCZCS's Tue Johannessen
    May 19
    Johannessen is set to join Alfa Laval's energy division as of June 1 with responsibility for business development in fuel cells and energy storage.
  2. INTERVIEW: Bunker Holding CEO Sets New Five-Year Strategy
    May 18
    Bunker Holding CEO Keld Demant discusses his firm's new strategy in an interview with Ship & Bunker after seeing the second-best results in the firm's history in 2021/22.
  3. Scopio Shipping Group Invests in Battery Power
    May 18
    Via UK-based start up.
  4. Eastern Pacific Shipping to Capture Up to 40% CO2 on Tanker From Next Year
    May 17
    The company has signed a deal with Value Maritime to retrofit carbon capture systems on board the MR tankers Pacific Cobalt and Pacific Gold.
  5. Net-Zero Bunker Fuels 'An Opportunity for All', Says ICS
    May 17
    New report, 'Fuelling the Fourth Propulsion Revolution: An Opportunity for All' paints an upbeat picture of the maritime sector's energy transition.

Singapore Bunker Contamination More Articles

  1. HSFO Contamination Discovery May Have Been Too Late for Quality Claims: Gard
    May 11
    Because this contamination was found only after extensive testing, there may not have been enough time for quality claims.
  2. Singapore's MPA Backs Wider Bunker Testing for Chlorinated Hydrocarbons
    May 06
    Buyers should now request more advanced fuel tests than can detect these chemicals, the MPA said.
  3. Singapore's Contaminated HSFO Came From Khor Fakkan: MPA
    May 05
    The MPA's investigations have concluded that the contaminated fuel was loaded at Khor Fakkan in the UAE and shipped to storage facilities in Malaysia for further blending.
  4. The Value & Importance of Low-Cost, Pre-Burn, Rapid GCMS Screening of Marine Fuels
    Apr 28
    The greatest challenge in detecting chemical contamination is the many thousands of organic compounds that exist which may contaminate marine fuel.
  5. Singapore Bunker Contamination: Why Are Organic Chlorides a Problem?
    Apr 27
    LR's Naeem Javaid looks at what exactly COCs are, and more importantly, why they might be appearing in your bunker fuel.
  6. Singapore Bad Bunkers: What Does 'Meets ISO 8217 Specification' Actually Mean?
    Apr 26
    "There will now be suits coming out of the Singapore situation," lawyer Steve Simms tells Ship & Bunker.
  7. SURVEY: Support Grows for Mandatory GCMS Testing After Singapore Bunker Contamination
    Apr 21
    A survey conducted by brokerage NSI suggests a majority may support making GCMS testing mandatory.
  8. MARITEC: Update on Organic Chlorinated Compounds From Singapore Region
    Apr 21
    Testing firm Maritec provides an update on detection levels and the effects on machinery encountered from the recent contamination found in Singapore HSFO.
  9. IBIA Seeks to Track Spread of Contaminated HSFO From Singapore
    Apr 20
    IBIA is seeking to stop the problem from becoming a global crisis on the scale of the contamination originating in Houston in 2018.
  10. China, Fujairah Bunker Markets Benefit as Ships Skip Singapore to Save Time: Report
    Apr 19
    As impact of global port congestion bears down on bunker sales.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 894.00 3.50 1245.00 15.00 691.00 13.00
Global 20 Ports Average 959.50 10.50 1277.50 0.50 742.50 3.50
Global Average Bunker Price 998.50 14.50 1272.50 2.00 759.50 1.00
Singapore 922.00 9.50 1112.50 124.50 651.00 36.50
Rotterdam 820.00 21.50 1082.50 51.00 635.00 16.50
Fujairah 914.50 26.00 1322.50 57.00 657.00 43.50
Houston 874.50 11.00 1230.00 5.50 702.50 21.50
Busan - login to view prices or
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Durban - login to view prices or
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Gibraltar 915.50 16.50 - 712.50 20.00
Hong Kong 940.00 2.50 1142.50 22.50 734.00 17.50
Istanbul 935.50 45.00 1273.50 45.00 737.00 14.50
LA / LB 1014.50 5.00 1310.00 10.00 826.50 0.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 916.50 11.50 1516.00 14.50 709.50 1.50
Cristobal, Panama - login to view prices or
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Piraeus 1072.50 19.50 1152.50 23.00 641.50 9.50
Santos 966.00 0.50 1230.00 23.00 -
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