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Middle East Conflict
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Mar 06The incident occurred about six nautical miles north of Oman in the Strait of Hormuz at 12:57 UTC on Friday.
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Mar 06Singapore trading sources describe a market fraught with tension, concerned over what appears to be an imminent shortage of supplies for this market.
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Mar 05While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%.
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Mar 05Maersk has joined other container lines by cancelling cargo bookings to and from several Middle East ports.
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Mar 05Tanker groups urge industry to prioritise seafarer safety and rely on verified information when making operational decisions.
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Mar 05China has asked its refiners to suspend signing new contracts to export refined products and to attempt to cancel shipments already agreed to.
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Mar 05The vessel has taken on water, and oil from the cargo is spilling into the sea.
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Mar 04Security concerns in the region have led some suppliers to suspend bunker deliveries at the major UAE marine fuel hub.
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Mar 04The boxship came under attack about two nautical miles north of Oman at 11:09 AM UTC on Wednesday.
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Mar 04Ports including Duqm, Sohar, Muscat and Salalah remain operational despite drone strikes reported at key facilities.
Top Stories More
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Mar 06Singapore trading sources describe a market fraught with tension, concerned over what appears to be an imminent shortage of supplies for this market.
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Mar 05While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%.
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Mar 04The boxship came under attack about two nautical miles north of Oman at 11:09 AM UTC on Wednesday.
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Mar 04The 550,000 b/d refinery came under a suspected drone attack on Wednesday morning.
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Mar 04The tanker heard a loud explosion and debris from an unknown projectile was found on its deck about 10 nautical miles east of Fujairah at 10:30 PM UTC.
Insights & Analysis More
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Mar 06Singapore trading sources describe a market fraught with tension, concerned over what appears to be an imminent shortage of supplies for this market.
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Mar 06Ship & Bunker readers say intense competition in major bunkering hubs is the main factor expected to pressure margins this year.
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Mar 05While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%.
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Mar 03Shipowners would be looking for an LNG premium of 15-20% to MGO before switching back to oil, a market source tells Ship & Bunker.
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Mar 03A total of 15 bunker operations were observed on Monday, and a further four on Tuesday morning, Spotbarge's Sebastiaan Kosman tells Ship & Bunker.
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Mar 03After three days of the conflict in the Middle East following strikes on Iran, uncertainty is increasing on what comes next.
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Mar 03Sanctions compliance is a growing problem for the bunker industry where digital services can help, SanctionCheck CEO James Casey tells Ship & Bunker.
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Mar 02Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker.
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Feb 24Trading firm Oilmar is marking its growth and development over the past decade with a series of charity partnerships.
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Feb 16But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker.
Decarbonisation, Alternative Marine Fuels and Power More
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Mar 06Avenir LNG has signed a deal to supply bio-LNG to vessels in Maersk's dual-fuel fleet.
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Mar 06The bunkering operations saw a total of 2,500 mt of green methanol delivered to two ships.
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Mar 06They plan to potentially start exporting hydrogen from New Zealand to Japan in the early 2030s.
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Mar 05While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%.
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Mar 05Pilbara Ports says most ships operating in Western Australia's Pilbara region typically take on bunkers outside the region for their full round voyages.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 716.00 | 65.50 | 1194.50 | 104.50 | 642.00 | 67.50 |
| Global 20 Ports Average | 735.00 | 53.50 | 1153.50 | 45.50 | 649.00 | 38.50 |
| Global Average Bunker Price | 740.00 | 49.50 | 1134.50 | 60.00 | 627.00 | 44.00 |
| Singapore | 822.50 | 127.00 | 1383.00 | 226.00 | 722.00 | 92.00 |
| Rotterdam | 631.50 | 16.00 | 1053.50 | 27.50 | 607.00 | 36.50 |
| Fujairah | 742.50 | 51.00 | 1202.00 | 41.50 | 675.00 | 60.50 |
| Houston | 668.00 | 67.50 | 1138.50 | 122.00 | 564.50 | 81.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 680.50 | 33.50 | - | 634.00 | 49.00 | |
| Hong Kong | 799.50 | 105.50 | 1248.00 | 99.00 | 707.00 | 67.00 |
| Istanbul | 768.00 | 15.50 | 1137.50 | 4.50 | 677.00 | 29.00 |
| LA / LB | 726.50 | 9.50 | 1005.00 | 25.00 | 632.00 | 2.00 |
| Las Palmas |
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| Mumbai |
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| New York | 664.00 | 33.00 | 1171.50 | 65.00 | 587.00 | 51.00 |
| Cristobal, Panama |
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| Piraeus | 724.50 | 26.50 | 1089.00 | 31.00 | 649.50 | 48.50 |
| Santos | 666.00 | 45.00 | 804.00 | 154.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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