World News
Uni-Fuels Wins Three-Year Bunker Supply Deal with EPCI Contractor
Singapore-based bunker trading firm Uni-Fuels has secured a letter of award from a contractor of offshore oil and gas projects in the Asia Pacific region to supply bunker fuels.
The three-year award, commencing on January 1, 2026, tasks Uni-Fuels Singapore with supplying bunker fuels to the unnamed EPCI contractor, the firm said in a press release on Wednesday.
Established in 2021, Uni-Fuels has offices in Singapore, Seoul, Dubai and Shanghai. The firm recently opened its first European office in Cyprus.
Uni-Fuels said the three-year bunker supply contract with the engineering, procurement, construction, and installation (EPCI) contractor will positively contribute to the firm’s revenue over the coming years.
“This strategic award underscores Uni-Fuels’ position as a trusted partner in the marine fuel industry," Stefanie Tay, chief operating officer of Uni-Fuels, said in the statement.
“It reinforces our reputation for delivering high-quality, tailored solutions to our clients and highlights the scalability of our operations to support growing demand across the Asia Pacific region.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 433.50 | 3.50 | 655.50 | 11.00 |
| Rotterdam | 402.00 | 1.50 | 635.50 | 3.00 |
| Houston | 427.50 | 4.00 | 629.50 | 4.50 |
| Fujairah | 427.00 | 0.50 | 718.00 | 1.50 |
| Global 20 Ports Average | 466.00 | 3.50 | 744.00 | 1.00 |
| Global 4 Ports Average | 422.50 | 2.50 | 659.50 | 5.00 |
| Global Average Bunker Price | 515.00 | 3.00 | 786.00 | 0.50 |
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