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MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes

MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes

Global bunker demand at key hubs gained 4.3% on the year in Q3, with 2025 as a whole heading for the highest total since 2019, but markets in the Americas are still underperforming.
  1. 19Dec
    Christian Larsen is taking on the role after previously working with Oilmar. Read in Full
  2. 19Dec
    The firm has become a vessel owner for the first time. Read in Full
  3. 19Dec
    Stabilis has secured offtake deals covering 55% of the capacity of its proposed LNG bunkering facility at Galveston. Read in Full
  4. 19Dec
    Saudi firm Eleven Energy has appointed Konstantin Kaminski as head of technology ahead of the planned January launch of its ElevenX bunker procurement platform. Read in Full
  5. 19Dec
    The approval confirms the feasibility of the concept from a regulatory and safety perspective. Read in Full
  6. 19Dec
    The study estimates the levelised cost of e-methanol production at $1,860/mt. Read in Full
  7. 18Dec
    The Venezuela blockades are a chief point of analytical debate - for now. Read in Full
  8. 18Dec
    The deal represents the largest contract by USD value the firm has secured to date. Read in Full
  9. 18Dec
    Passenger ships under 10,000 GT are required to achieve zero emissions in Norway's Fjords starting in 2026. Read in Full
  10. 18Dec
    The ship will be built in the Netherlands and launched in late 2026. Read in Full

IBIA Convention 2025

  1. INTERVIEW: IBIA Executive Alexander Prokopakis Talks Hong Kong Convention Highlights and What Comes Next
    Nov 26
    Prokopakis gives his thoughts on 'one of our strongest conventions to date' along exclusive news on a new member benefit coming soon.
  2. IBIA CONVENTION 2025: Conventional Fuel Demand Expected Flat for Next Few Years
    Nov 25
    Conventional bunker demand remains under sustained pressure from improved fuel-efficiency measures from the shipping industry as it seeks to cut fuel bills and reduce emissions.
  3. IBIA Convention 2025 Wrap-Up: Key Discussion Points and Event Takeaways
    Nov 25
    IMO NZF, MFMs, other efforts towards decarbonization took centre stage at IBIA's annual convention in Hong Kong.
  4. IBIA CONVENTION 2025: Will There Be Enough Alternative Fuels?
    Nov 24
    With the global fleet capable of consuming 50 million mt/year of alternative fuels by 2030, questions remain over how quickly supply can be scaled.
  5. IBIA CONVENTION 2025: China's Ambitions Make Methanol Attractive for Bulkers
    Nov 24
    Bulkers have had limited uptake of methanol-fuelled ships thus far, but this has begun to change in recent months with China's backing for the fuel.
  6. IBIA CONVENTION 2025: MFMs Should be Bunker Industry's Top Priority - TFG
    Nov 24
    "What we can do as an industry is to fix the market which is not transparent, not compliant, and is not safe," TFG's Kenneth Dam tells delegates in Hong Kong.
  7. IBIA CONVENTION 2025: Fewer LNG Bunker Ports Mean Buyer Has Less Leverage
    Nov 21
    Some speakers at the IBIA Annual Convention view suppliers holding the upper hand during LNG bunkering.

Bunker Price Forecast - Q4 2025

Quarterly and full year bunker price forcast for 2025 and 2026. Includes forecasts for global average prices, and at the key ports of Singapore, Rotterdam, Fujairah and Houston.

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Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 333.00 4.00 685.50 8.00 710.50 8.00
Rotterdam 285.00 0.50 586.00 0.50 607.00 0.00
Houston 307.00 2.00 631.00 4.50 654.50 4.50
Fujairah 191.00 7.00 392.50 14.50 407.00 15.00

Compliance Costs Calculator

Planning for the future? Ship & Bunker has developed a calculator to help shipping companies and other maritime stakeholders estimate the compliance costs for EU ETS, FuelEU Maritime, and IMO 20208 / NZF regulations for their chosen energy mix for the years 2028-2035.

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IMO 2050

  1. INTERVIEW: NAPA Sees Growing Demand for GHG Management Services
    Dec 16
    Ossi Mettälä of NAPA Shipping Solutions discusses how EU and other GHG regulations are driving shipping companies to find new ways of cutting their emissions.
  2. INTERVIEW: Blue Energy Partners Sees Growing Role for Bunker Firms in GHG Compliance
    Dec 08
    Trine Braathen of Blue Energy Partners discusses ways the shipping industry can improve GHG compliance strategy.
  3. Core Power Sees Maritime Nuclear Bridging Divide Between Decarbonisation Hawks and Doves
    Dec 03
    Core Power CEO Mikal Bøe discusses the pathway to as many as 3,000 ships using nuclear reactors by 2060.
  4. INSIGHT: Delay on IMO Net Zero Framework Risks Greater Industry Fragmentation
    Nov 27
    Emissionlink Managing Director Philippos Ioulianou discusses the risks in allowing emissions regulation to fragment into a region-by-region approach.

Top Stories More

  1. MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes
    Dec 19
    Global bunker demand at key hubs gained 4.3% on the year in Q3, with 2025 as a whole heading for the highest total since 2019, but markets in the Americas are still underperforming.
  2. INTERVIEW: NAPA Sees Growing Demand for GHG Management Services
    Dec 16
    Ossi Mettälä of NAPA Shipping Solutions discusses how EU and other GHG regulations are driving shipping companies to find new ways of cutting their emissions.
  3. Red Sea Bunkering Reactivates VLSFO Supply on Improved Conditions in Region
    Dec 16
    The company has also added a new bunker barge, the MT Maximus, to its delivery infrastructure in order to accommodate varying operational needs.
  4. FEATURE: Bunkering Services Initiative Seeks to Bring New Delivery Standards to ARA
    Dec 12
    The project has launched as of the start of this month, covering 20% of ARA volumes, with the first barges already loaded and making deliveries.
  5. Bunker One USA Sets Out Cost-Cutting Measures Amid Tight Margins
    Dec 11
    Measures in response to market tightness have included releasing long-term tug and barge charters.

Insights & Analysis More

  1. MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes
    Dec 19
    Global bunker demand at key hubs gained 4.3% on the year in Q3, with 2025 as a whole heading for the highest total since 2019, but markets in the Americas are still underperforming.
  2. INTERVIEW: NAPA Sees Growing Demand for GHG Management Services
    Dec 16
    Ossi Mettälä of NAPA Shipping Solutions discusses how EU and other GHG regulations are driving shipping companies to find new ways of cutting their emissions.
  3. ANALYSIS: Singapore November Bunker Sales Up 7.4% On the Year as Bunker Calls Rise
    Dec 15
    For the first time since May 2024, methanol bunker sales were recorded, with 3,000 mt sold in November.
  4. FEATURE: Bunkering Services Initiative Seeks to Bring New Delivery Standards to ARA
    Dec 12
    The project has launched as of the start of this month, covering 20% of ARA volumes, with the first barges already loaded and making deliveries.
  5. VPS: Fuel Assessment Update of the Mediterranean Emission Control Area
    Dec 08
    Steve Bee of VPS discusses the fuel quality impact so far seen from the Mediterranean ECA, pointing out in particular a rise in ULSFO problems.
  6. INSIGHT: Is ARA Ready for Mandatory MFMs from January 1, 2026?
    Dec 05
    We have not seen strong evidence to suggest that MFM deliveries will adhere to ISO 22192, a mandatory requirement of the Rotterdam bunker licence.
  7. Core Power Sees Maritime Nuclear Bridging Divide Between Decarbonisation Hawks and Doves
    Dec 03
    Core Power CEO Mikal Bøe discusses the pathway to as many as 3,000 ships using nuclear reactors by 2060.
  8. INTERVIEW: FLEX Commodities Adds Walvis Bay Physical Supply Joint Venture
    Nov 27
    The firm's first physical supply operation is in partnership with GAC Investment CC, Managing Partner Rakesh Sharma tells Ship & Bunker.
  9. INSIGHT: Delay on IMO Net Zero Framework Risks Greater Industry Fragmentation
    Nov 27
    Emissionlink Managing Director Philippos Ioulianou discusses the risks in allowing emissions regulation to fragment into a region-by-region approach.
  10. INTERVIEW: New Dan-Bunkering US Chief Sees Oil and Gas as Key to Growth
    Nov 25
    Dan-Bunkering USA currently sells just short of 1 million mt/year of marine fuels in the Americas, and sees oil and gas as a key part of its future growth.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Oceans North-Arup Study Examines How E-Methanol Could Supply Vancouver Shipping
    Dec 19
    The study estimates the levelised cost of e-methanol production at $1,860/mt.
  2. Corvus Energy Secures Battery Order for Seven Electric CMAL Ferries
    Dec 18
    The deal represents the largest contract by USD value the firm has secured to date.
  3. Nereida Energy Wins First Contract for Battery Systems on Norwegian Ferries
    Dec 18
    Passenger ships under 10,000 GT are required to achieve zero emissions in Norway's Fjords starting in 2026.
  4. Spain and Denmark Among EU Countries with Green Bunker Fuel Potential: T&E
    Dec 18
    Transport & Environment says EU countries are planning large volumes of green fuels for shipping, but most projects are struggling to move beyond early stages.
  5. LH2 Shipping Secures Additional Enova Funds to Build Hydrogen-Powered Ships
    Dec 18
    The firm has secured more than NOK 500 million in funding to support the construction of hydrogen-powered ships.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 408.00 0.50 632.00 3.50 342.50 7.00
Global 20 Ports Average 455.50 0.50 716.00 5.00 387.00 3.50
Global Average Bunker Price 505.50 10.00 762.50 6.00 402.50 2.50
Singapore 422.50 0.00 619.50 7.00 354.00 5.00
Rotterdam 387.00 2.00 594.50 7.50 342.00 10.50
Fujairah 420.50 1.00 707.50 3.50 331.50 13.00
Houston 401.00 2.50 607.50 2.50 344.00 1.00
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 430.50 0.50 - 379.00 0.50
Hong Kong 442.00 2.00 630.00 3.50 372.00 5.00
Istanbul 555.00 1.50 692.50 1.50 472.00 4.00
LA / LB 485.00 0.50 665.50 1.00 407.50 5.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 454.50 5.00 686.50 2.50 378.00 5.50
Cristobal, Panama - login to view prices or
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Piraeus 506.50 2.00 680.00 9.50 364.50 2.50
Santos 428.00 5.00 793.00 58.00 -
Shanghai - login to view prices or
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St Petersburg - login to view prices or
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