World News
Hapag-Lloyd 1H 2026 Bunker Consumption Fell by 3.5% on Year
German container line Hapag-Lloyd's fleet bunkered about 2.4 million mt of bunker fuels in 1H 2026, down by 3.5% from the same period last year.
The firm reported bunker and emissions expenses of €1.32 billion in 1H 2026, up by €20.6 million from the same period last year, it said in a half-yearly financial report published today.
This was largely due to increased bunker costs. The company's average bunker price in the 1H 2026 was $592/mt, up from $542/mt in the same period last year.
Expenses for EU emissions allowances also increased to €96 million in 1H 2026 from €67.7 million a year earlier.
“A challenging market environment and operational disruptions characterised the first half of 2026 and weighed on revenue and earnings performance,” the company said in the report.
“This development was primarily driven by weather-related disruptions at the beginning of the year and the effective closure of the Strait of Hormuz from the end of February, which led to higher transport expenses in the Liner Shipping segment and adversely affected volume growth.”
The company also added it is investing €57.1 million to retrofit five container ships with methanol-fuelled engines.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 913.50 | 2.00 | 1254.00 | 24.50 |
| Rotterdam | 740.50 | 5.00 | 1392.50 | 2.50 |
| Houston | 767.50 | 3.50 | 1384.50 | 21.50 |
| Fujairah | 967.00 | 3.50 | 1606.50 | 117.50 |
| Global 20 Ports Average | 903.50 | 5.50 | 1525.00 | 8.50 |
| Global 4 Ports Average | 847.00 | 2.00 | 1409.00 | 42.00 |
| Global Average Bunker Price | 954.50 | 4.00 | 1601.00 | 0.00 |
Popular Now More
-
Oct 12The tools also record won and lost bunker enquiries, giving trading desks a fuller history to support commercial decisions. -
Oct 16The firm was removed from the Maritime and Port Authority of Singapore's list of licensed bunker suppliers in 2023. -
Oct 12Three days at Resorts World Sentosa open with a standards symposium before keynotes from Shell, PetroChina and Vitol.