EMEA News
Hapag-Lloyd Q1 Bunker Consumption Dropped by 3.7% on Year
German container shipping company Hapag-Lloyd’s bunker consumption fell by 3.7% to 1.2 million mt in Q1 2026 compared to the same quarter in 2025.
The company reported bunker and emissions expenses of €549.6 million in Q1 2026, down from last year’s €693 million, the firm said in a quarterly earnings report released on Wednesday.
This drop was largely due to lower bunker expenses.
The company's average bunker price in Q1 2026 was $485/mt, down from $553/mt in the same period last year.
The costs of EU emissions allowances rose to €50.8 million from €35.3 million for the same period a year earlier.
By comparison, AP Moller-Maersk bunker consumption dropped by 5.3% on the year in Q1 2026.
Hapag-Lloyd reported a loss of $256 million in Q1.
“The first quarter of 2026 was unsatisfactory for us, with weather-related supply chain disruptions and pressure on freight rates leading to significantly lower results, Rolf Habben Jansen, CEO of Hapag-Lloyd, said.
“At the same time, our Gemini network has proven its resilience even under difficult conditions, helping us maintain a reliable service offering for our customers.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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