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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."
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07MayMajor airlines are radically reducing their fuel-hedging programs. Read in Full
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07MayIndustry 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
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07MayThe 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
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07MayThe firm is looking for candidates fluent in at least one additional language as well as English. Read in Full
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07MayThe 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
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07MayGreen 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
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07MayThe 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
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06MayHave you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 29 – May 05, 2021. Read in Full
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06MaySome analysts think the U.S. Memorial Day weekend will release pent-up demand. Read in Full
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06MayThe 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
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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." -
May 06The organisation has published new analysis in conjunction with consultancy CE Delft on how to impose carbon dioxide regulations. -
May 05The company has delivered more than 160,000 m3 of LNG at Rotterdam with its barge the Gas Agility since it commenced operations in November. -
May 05The 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. -
May 04Former 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. -
May 04Total conventional bunker sales excluding LNG, biofuels and lubricants reached 2.3 million mt in the first quarter. -
May 03The company 'strongly supports' the IMO's initial strategy on the reduction of greenhouse gas emission from shipping. -
May 03The commission is widely expected to announce the inclusion of shipping in the existing ETS in a legislative proposal next month. -
Apr 30Niels 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. -
Apr 30The new desk was set up earlier this month, and will handle about half of the firm's global fuel requirements.
Insights & Analysis More
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Apr 30WFS bunker margins have more than doubled since the end of 2020, but remain significantly below the record levels seen in the IMO 2020 transition. -
Apr 19COO Svend Mølholt expects a further boost to its volumes 2021, but warns of sliding profits as margins come under pressure. -
Apr 16"Singapore cannot hope to be everything to everyone." -
Apr 14Panelists 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. -
Apr 13Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million. -
Apr 13Singapore'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 |
| Busan |
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| Colombo |
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| Durban |
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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 |
| Las Palmas |
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| Mumbai |
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| New York | 506.50 | 9.00 | 609.00 | 0.00 | 397.00 | 4.50 |
| Cristobal, Panama |
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| Piraeus | 546.50 | 0.50 | 592.00 | 7.00 | 415.00 | 1.00 |
| Santos | 506.00 | 0.00 | 670.00 | 11.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 520.00 | 3.50 | 590.50 | 1.00 |
| Global 4 Ports Average | 497.50 | 6.50 | 573.50 | 4.50 |
| Global Average Bunker Price | 539.50 | 1.00 | 633.50 | 6.50 |
| Singapore | 501.00 | 5.50 | 556.50 | 6.00 |
| Fujairah | 507.00 | 5.50 | 603.50 | 13.00 |
| Rotterdam | 494.00 | 2.00 | 553.00 | 2.00 |
| Houston | 489.50 | 10.50 | 580.50 | 2.00 |
Bunker Jobs
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May 07The firm is looking for candidates fluent in at least one additional language as well as English. -
May 06The company is looking for candidates with at least five years of experience trading bunkers. -
May 05The firm is looking for candidates with fluent Norwegian and English, as well as a minimum of eight years' experience in a similar role. -
May 04The company is looking for candidates with two to five years of experience, preferably in the shipping industry and with knowledge of bunkers, lubricants or chemicals. -
May 04The company is looking for candidates with at least five years of experience in customer-focused oil or bunker trading or the maritime industry. -
May 03The firm is looking for candidates with an engineering degree and five to eight years of experience in LNG-related roles. -
Apr 30The new desk was set up earlier this month, and will handle about half of the firm's global fuel requirements.
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Apr 29The firm is looking for candidates with a strong knowledge of the yachts market, and preferably of selling oil to this market. -
Apr 23The company is looking for candidates with at least five years of experience of a bunker trader. -
Apr 22A working knowledge of the US Gulf Coast and Caribbean markets would be an advantage.
Popular Now More
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May 05What we have now is a cruise industry that is smaller, much more efficient, much more environmentally friendly and with newer and safer ships. -
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."
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May 07Green hydrogen -- produced using renewable power -- is currently more expensive than the so-called 'blue' variant -- made using fossil fuels with carbon capture and storage. -
May 03The new hire joined Dan-Bunkering as of the start of May. -
May 06The company has completed its feasibility study of the technology's prospects in the shipping industry with Austria's AVL. -
May 04Former 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.
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May 06The company delivered about 8,000 mt of VLSFO to the facility on board its chartered tanker the Maersk Tampa.