EMEA News
Over 800,000 Mt of Annual Demand Flowing Through Bunkering Services Initiative
More than 800,000 mt of annual marine fuel demand is now flowing through the Bunkering Services Initiative (BSI) in the ARA market.
The initiative was launched in December 2025 and brings together marine fuel suppliers, buyers and other stakeholders seeking to improve delivery standards.
“Without price distortions from variances in quantity and quality, suppliers can transact at fair market value,” BSI said in a LinkedIn post on Wednesday.
“Price represents value.”
The project includes companies representing around 20% of ARA's bunker volumes, with participants committing to monitored barges equipped with mass flow meters, digitalised deliveries and greater transparency on marine fuel quality.
The ARA ports of Rotterdam and Antwerp-Bruges introduced mandatory mass flow meter requirements for bunker barges over 300 GT at the start of 2026. BSI has sought to build on those requirements through a voluntary, industry-led system.
For buyers, the initiative aims to provide greater certainty over fuel quantity and quality, while suppliers can compete on a more level playing field.
For suppliers, BSI says the system removes price distortions caused by differences in delivered quantity and fuel quality, allowing them to transact at fair market value.
Initial participants include Cargill, Frontline, Hafnia, Hapag-Lloyd, Mercuria, Minerva Bunkering, Oldendorff, Trafigura, TFG Marine, Unifeeder and Vitol.
Lloyd's Register acts as system auditor, carrying out checks on participating barges, while ADP Clear Pte Ltd is the technology partner for multi-party workflows, real-time reporting and performance metrics.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 890.00 | 9.50 | 1243.00 | 35.50 |
| Rotterdam | 682.50 | 13.00 | 1340.00 | 15.50 |
| Houston | 745.50 | 3.00 | 1370.00 | 1.00 |
| Fujairah | 979.50 | 5.00 | 1676.50 | 11.50 |
| EMEA Average | 865.50 | 3.50 | 1635.50 | 44.50 |
| Global 20 Ports Average | 876.50 | 0.00 | 1500.00 | 8.50 |
| Global 4 Ports Average | 824.50 | 1.00 | 1407.50 | 10.00 |
| Global Average Bunker Price | 930.50 | 1.50 | 1567.00 | 17.50 |
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