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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.
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30JanThe 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
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30JanShip & 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
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30JanThe 210,000 DWT Capesize bulker's design has received ClassNK's approval in principle. Read in Full
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30JanThe changes will come into effect on July 1. Read in Full
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30JanThe company is looking for candidates with fluent English and a degree. Read in Full
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28JanMeanwhile, a dramatic plunge in Covid illnesses and death in China is overlooked. Read in Full
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27JanThe tested results ranged from 0.12 % m/m – 0.14 % m/m. Read in Full
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27JanMaersk 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
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27JanRotterdam saw a total of 1,500 mt of methanol bunker sales last year, up from 250 mt in 2021. Read in Full
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27JanJacob Vilstrup Lisby is set to join Hafnia as a trader in Copenhagen as of February 1. Read in Full
Top Stories More
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Jan 25The 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. -
Jan 23About 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. -
Jan 16Firms backed by global oil producers and commodity traders generally performed well last year. -
Jan 132022's total was 47.88 million mt, down by 4.2% on the year and the lowest annual figure since 2019. -
Jan 13Singapore 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
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Jan 16Firms backed by global oil producers and commodity traders generally performed well last year.
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Jan 09Historically the bunker industry has avoided owning production assets, but after last year's record margins some firms may warm to the idea. -
Jan 05A 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. -
Dec 30Official IMO data for 2021 shows global demand 3.8% over 2020's levels, with strong gains for all shipping segments except tankers. -
Dec 20Global 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
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Jan 30The firm is looking for candidates with at least seven years of experience in the operation of LNG bunker vessels or small gas carriers. -
Jan 30The 210,000 DWT Capesize bulker's design has received ClassNK's approval in principle. -
Jan 27Rotterdam saw a total of 1,500 mt of methanol bunker sales last year, up from 250 mt in 2021. -
Jan 26Rotterdam's conventional sales total for 2022 was 9.72 million mt, up by 4.6% on the year and the most since 2016. -
Jan 26The 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 |
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| Colombo |
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| Durban |
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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 |
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| Mumbai |
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| New York | 648.00 | 4.00 | 1090.50 | 13.00 | 450.00 | 0.00 |
| Cristobal, Panama |
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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 | - | |
| 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 | 706.50 | 6.50 | 1060.50 | 5.50 |
| Global 4 Ports Average | 668.50 | 11.50 | 1026.00 | 3.00 |
| Global Average Bunker Price | 751.50 | 7.00 | 1119.00 | 3.50 |
| Singapore | 709.00 | 8.00 | 938.50 | 10.50 |
| Fujairah | 690.00 | 12.50 | 1177.00 | 16.00 |
| Rotterdam | 623.00 | 10.00 | 952.50 | 19.50 |
| Houston | 652.00 | 16.50 | 1035.50 | 1.50 |
Bunker Jobs
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Jan 30The firm is looking for candidates with at least seven years of experience in the operation of LNG bunker vessels or small gas carriers.
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Jan 30The company is looking for candidates with fluent English and a degree. -
Jan 27Vernon Jayanathan of Maritime Recruitment Company Ltd is recruiting candidates for a range of bunker trader roles worldwide. -
Jan 26For the trader role the company is looking for candidates with experience either in sales or the shipping industry. -
Jan 26The company is looking for candidates with a deep understanding of advanced biofuels and e-fuels. -
Jan 25The company is looking for tech- and data-oriented candidates with experience in the bunker or shipping industry. -
Jan 24The firm is seeking to hire a master, CO, second officer, CE, motorman, cook and AB., a company representative tells Ship & Bunker. -
Jan 24The company is looking for candidates with a degree and fluent English. -
Jan 23The company is looking for candidates who have been a key part of large-scale complex projects.
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Jan 23The company is looking for candidates with previous trading experience, ideally within the bunker sector.
Popular Now More
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Jan 30The changes will come into effect on July 1. -
Jan 27Maersk 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. -
Jan 26The firm has received positive feedback from customers in a trial period, a representative tells Ship & Bunker. -
Jan 25If Maersk needs to increase its fleet size to make up for lost capacity from the agreement, it could accelerate its shift to methanol-fuelled boxships. -
Jan 28Meanwhile, a dramatic plunge in Covid illnesses and death in China is overlooked. -
Jan 30The company is looking for candidates with fluent English and a degree.
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Jan 27Rotterdam saw a total of 1,500 mt of methanol bunker sales last year, up from 250 mt in 2021.