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Don't Expect a Return to €100 EUAs Any Time Soon: LSEG

Don't Expect a Return to €100 EUAs Any Time Soon: LSEG

While the EUA market is currently looking depressed, a mass purchase by shipping companies next year could still prompt a spike, LSEG's Paula VanLaningham tells Ship & Bunker.
  1. 04Mar
    Trafigura will acquire the business from Brookfield Asset Management and Brookfield Business Partners for an undisclosed sum. Read in Full
  2. 04Mar
    A ship came under attack 91 nautical miles southeast of Aden at about 12:50 PM UTC on Monday. Read in Full
  3. 04Mar
    The new hire was previously a sales manager for Marine Fuelling Solutions in the UK from August 2017 to this month. Read in Full
  4. 04Mar
    The company is looking for candidates with fluent English and Danish, and a basic understanding of fuel specifications and the bunkering process. Read in Full
  5. 04Mar
    The voluntary cuts by various OPEC+ members add up to a total of 2.2 million b/d. Read in Full
  6. 04Mar
    Eight crew members of a Singapore-registered tugboat are alleged to have misappropriated MGO from their company and sold it on to the seven crew members of a foreign-registered tugboat. Read in Full
  7. 04Mar
    The company is looking for candidates with at least five years of corporate work experience and preferably a background in petroleum, shipping or logistics. Read in Full
  8. 02Mar
    The Belize-flagged Rubymar sank on Saturday after taking on water for several days. Read in Full
  9. 01Mar
    Glencore is working with Indonesia's PT Chandra Asria Petrochemical to evaluate the 237,000 b/d Pulau Bukom refinery and other assets. Read in Full
  10. 01Mar
    The new hire was previously a trader for Bunker One subsidiary PSTV Energy in Dubai from November 2019 to November of last year. Read in Full

Red Sea Attacks

  1. UK Reports New Ship Attack in Gulf of Aden
    Mar 04
    A ship came under attack 91 nautical miles southeast of Aden at about 12:50 PM UTC on Monday.
  2. Bulker Rubymar Sinks in Red Sea After Houthi Attack
    Mar 02
    The Belize-flagged Rubymar sank on Saturday after taking on water for several days.
  3. CMA CGM Resumes Red Sea Transits 'On Case-by-Case Basis'
    Feb 29
    The firm had halted the transits at the start of this month, but is now partially reversing that decision.
  4. UK Reports New Attack on Ship in Red Sea
    Feb 28
    A rocket was fired at a ship 60 nautical miles west of Al Hudaydah in Yemen at about 7:15 PM UTC on Tuesday.
  5. IBIA Sees Red Sea Diversions Giving 20% Boost to Bunker Sales in Some Markets
    Feb 28
    IBIA has provided an update on the impact of the Red Sea situation on markets in Africa.
  6. US-Flagged Tanker Attacked in Gulf of Aden
    Feb 26
    An anti-ship ballistic missile was fired at the US-flagged tanker Torm Thor in the Gulf of Aden at 11:45 PM Sanaa time on Saturday.
  7. US Warns of Potential Environmental Disaster From Bulker Hit by Houthi Attack
    Feb 26
    An 18-mile oil slick has been observed from the Rubymar after it was attacked on the evening of February 18.
  8. Red Sea Diversions May Raise Ships' Emissions by 70%: UNCTAD
    Feb 23
    The UN body released new research on Thursday analysing the impact of the situation in the Red Sea on global shipping.
  9. World Kinect Sees Quarterly Recovery in Marine Profits and Volumes in Q4
    Feb 23
    Taking 2023 as a whole, marine income sank by 47% to $82.3 million, while volumes dropped by 12% to 16.8 million mt.
  10. Ship on Fire After Missile Attack in Gulf of Aden
    Feb 22
    Two missiles were fired at the ship 70 nautical miles south-east of Aden at about 7:20 AM UTC on Thursday, resulting in a fire on board.

Demand at key marine fuel hubs slipped on both a yearly and sequential quarterly basis in the third quarter of 2023, according to the latest market survey of bunker sales volumes in 17 leading global locations.

Click to Read in Full

Top Stories More

  1. Don't Expect a Return to €100 EUAs Any Time Soon: LSEG
    Mar 01
    While the EUA market is currently looking depressed, a mass purchase by shipping companies next year could still prompt a spike, LSEG's Paula VanLaningham tells Ship & Bunker.
  2. INTERVIEW: Opsealog Sees 10-15% Bunker Savings on Table for OSV Operators
    Feb 08
    Damien Bertin of Opsealog tells Ship & Bunker how software-based fuel efficiency solutions can deliver a 200% return on investment for OSV operators.
  3. Rising Trend in Fuel Pump Issues: 2023 Insights
    Feb 01
    In 2023, the maritime industry experienced a notable increase in fuel pump problems, according to Viswa Lab data.
  4. New IMO Chief Discusses Bunker Industry's Readiness to Supply Low-Carbon Fuels
    Feb 01
    The UN body's revised GHG strategy should provide enough impetus for the industry to start shifting into alternative fuel supply, new IMO Secretary General Arsenio Dominguez tells Ship & Bunker.

Insights & Analysis More

  1. World Kinect Sees Quarterly Recovery in Marine Profits and Volumes in Q4
    Feb 23
    Taking 2023 as a whole, marine income sank by 47% to $82.3 million, while volumes dropped by 12% to 16.8 million mt.
  2. INSIGHT: What to Look Out for When Buying Biofuel Bunkers
    Feb 16
    Glander International Bunkering discusses the common pitfalls in engaging with the growing market for biofuel blends.
  3. ANALYSIS: Singapore January Bunker Calls Jump to Record High
    Feb 15
    If January's bunker sales were to be replicated over the rest of 2024, this year's total for Singapore would reach 58.74 million mt.
  4. INSIGHT: The Growing Role of Scrubbers in the Bunker Market
    Feb 14
    Glander International Bunkering discusses the growing importance of HSFO in global bunker demand as a result of scrubber installations.
  5. VPS: Fuel Quality in Emergency Equipment
    Feb 13
    Wolf Rehder, area manager for Germany at VPS, discusses how fuel quality issues can affect emergency equipment.
  6. Rising Trend in Fuel Pump Issues: 2023 Insights
    Feb 01
    In 2023, the maritime industry experienced a notable increase in fuel pump problems, according to Viswa Lab data.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Don't Expect a Return to €100 EUAs Any Time Soon: LSEG
    Mar 01
    While the EUA market is currently looking depressed, a mass purchase by shipping companies next year could still prompt a spike, LSEG's Paula VanLaningham tells Ship & Bunker.
  2. BUNKER JOBS: Maersk Seeks Renewable Fuels Advisor in Copenhagen
    Feb 29
    The company is looking for candidates with at least five years of experience in commodities certification schemes, supply chains or logistics.
  3. Singapore's EPS Orders Ammonia-Fuelled Bulkers
    Feb 29
    The firm has ordered four dual-fuelled 210,000 DWT bulkers capable of running on ammonia from CSSC Beihai Shipbuilding in China.
  4. ZeroNorth Teams Up With Vitol for EUA Procurement
    Feb 29
    Shipping firms will be able to buy EUAs from Vitol's carbon desk through the ZeroNorth platform.
  5. Alternative Fuels: Bets Narrow Over Long-term but Uncertainty Remains
    Feb 28
    As many questions as answers on offer at the Argus Future Fuels Forum.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 623.50 1.50 827.50 0.50 452.50 2.50
Global 20 Ports Average 662.00 0.00 875.50 3.50 508.50 2.50
Global Average Bunker Price 708.50 0.00 928.00 2.50 536.50 5.50
Singapore 641.00 1.50 796.00 4.50 450.00 3.00
Rotterdam 583.00 1.00 779.50 3.00 459.50 0.50
Fujairah 635.50 3.50 888.50 1.00 435.50 7.50
Houston 633.50 2.00 845.50 1.00 464.50 1.00
Busan - login to view prices or
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Gibraltar 627.00 3.00 - 533.50 6.00
Hong Kong 639.50 6.00 805.00 0.00 464.50 3.00
Istanbul 684.00 4.00 905.00 5.00 640.00 0.50
LA / LB 702.00 0.00 925.50 2.50 478.00 5.00
Las Palmas - login to view prices or
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New York 590.50 9.50 860.00 5.50 532.00 0.50
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Piraeus 679.50 2.00 864.50 4.50 524.50 0.50
Santos 649.00 2.00 947.00 0.00 -
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