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However, Iranian vessels are said to be using Hormuz to ship oil to China. -
With the EIA now forecasting Brent to average $90.56/bl in Q2, global VLSFO prices are likely to hold over $700/mt in April-June. -
The company, originally known as BunkerEx, has been relaunched with Kenneth Juhls serving as CEO as well as leading procurement platform AuctionConnect. -
The IEA says the emergency oil release provides a temporary buffer, with the broader market impact depending on how long Hormuz shipping disruptions last. -
Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers. -
Idemitsu Kosan and Consort Bunkers are seeking to develop a methanol bunker supply chain targeting Singapore and key ports across East Asia. -
The new hire was previously head of operations and shipping for Axiom Global Oil & Gas Trading in Dubai. -
The US currently holds around 415.4 million bbls of crude oil in strategic petroleum reserves. -
It is designed to support offshore wind operations and maintenance as well as construction work. -
Drones hit fuel storage tanks at the Port of Salalah on Wednesday afternoon. -
Maersk says the emergency bunker surcharge will be applicable from March 25. -
The vessel bunkered B24-VLSFO at Zhoushan and used it for a voyage from Australia to Japan. -
UCL research finds investments in the fuels may offer limited support for a future transition to zero-emission ammonia in shipping. -
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 5 – March 11, 2026. -
This is the third container ship that has come under attack in the Strait of Hormuz since the Middle Crisis began. -
Equinor will begin deliveries of mass-balanced bio-methanol starting late this year. -
No casualties were reported from the attack. -
Trump fires back that the U.S. will continue striking Iran "if we want."
Middle East Conflict
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Mar 12With the EIA now forecasting Brent to average $90.56/bl in Q2, global VLSFO prices are likely to hold over $700/mt in April-June. -
Mar 12Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers. -
Mar 12Drones hit fuel storage tanks at the Port of Salalah on Wednesday afternoon. -
Mar 12Maersk says the emergency bunker surcharge will be applicable from March 25. -
Mar 12This is the third container ship that has come under attack in the Strait of Hormuz since the Middle Crisis began. -
Mar 11No casualties were reported from the attack. -
Mar 11The Thailand-flagged vessel, Mayuree Naree, was en route to Kandla port in India. -
Mar 11The vessel was struck about 11 nautical miles north of Oman in the Strait of Hormuz today. -
Mar 11This is the second vessel hit by an unknown projectile today. -
Mar 11Alphaliner says the backlog has not eased from last week as security risks continue to deter ships from transiting the key waterway.
Bunker Demand in Key Markets
In the third quarter of 2025 bunker bemand at key marine fuel hubs advanced 4.3% on a yearly basis, according to the latest market survey of bunker sales volumes in 17 leading global locations.
Bunker Price Forecast - Q1 2026
Quarterly and full year bunker price forcast for 2026 and 2027. Includes forecasts for global average prices, and at the key ports of Singapore, Rotterdam, Fujairah and Houston.
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.
Top Stories More
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Mar 12With the EIA now forecasting Brent to average $90.56/bl in Q2, global VLSFO prices are likely to hold over $700/mt in April-June.
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Mar 12Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers.
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Mar 12Dan-Bunkering (America) Inc had faced a range of charges including wrongful termination, breach of employment agreement and fraudulent inducement. -
Mar 11The port authority welcomes the standards set by the recently-launched Bunkering Services Initiative, a spokesperson tells Ship & Bunker. -
Mar 11Ship & Bunker talks to WinGD's Andrea Lazzaro for an engine manufacturer's perspective on the alternative fuels landscape in 2026.
Insights & Analysis More
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Mar 12With the EIA now forecasting Brent to average $90.56/bl in Q2, global VLSFO prices are likely to hold over $700/mt in April-June.
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Mar 12Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers.
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Mar 11The port authority welcomes the standards set by the recently-launched Bunkering Services Initiative, a spokesperson tells Ship & Bunker.
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Mar 11Ship & Bunker talks to WinGD's Andrea Lazzaro for an engine manufacturer's perspective on the alternative fuels landscape in 2026.
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Mar 09It has previously been suggested the IMO NZF delay had ship owners shifting back to oil bunkers.
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Mar 06Singapore trading sources describe a market fraught with tension, concerned over what appears to be an imminent shortage of supplies for this market. -
Mar 06Ship & Bunker readers say intense competition in major bunkering hubs is the main factor expected to pressure margins this year. -
Mar 05While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%. -
Mar 03Shipowners would be looking for an LNG premium of 15-20% to MGO before switching back to oil, a market source tells Ship & Bunker. -
Mar 03A total of 15 bunker operations were observed on Monday, and a further four on Tuesday morning, Spotbarge's Sebastiaan Kosman tells Ship & Bunker.
Decarbonisation, Alternative Marine Fuels and Power More
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Mar 12UCL research finds investments in the fuels may offer limited support for a future transition to zero-emission ammonia in shipping. -
Mar 12Equinor will begin deliveries of mass-balanced bio-methanol starting late this year. -
Mar 11The test confirms the system's readiness for integration with ammonia-fuelled two-stroke engines. -
Mar 11The consultancy will advise India's DG Shipping on developing onshore power supply frameworks. -
Mar 11Iverson eFuels has cancelled the project due to uncertainty over the grid power supply for the project.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 907.50 | 32.50 | 1389.50 | 60.00 | 770.00 | 41.50 |
| Global 20 Ports Average | 1005.00 | 45.00 | 1440.00 | 61.00 | 862.00 | 68.00 |
| Global Average Bunker Price | 979.00 | 58.50 | 1406.00 | 91.00 | 768.00 | 52.50 |
| Singapore | 1085.50 | 36.50 | 1779.50 | 100.00 | 896.00 | 26.00 |
| Rotterdam | 775.50 | 27.50 | 1133.00 | 5.50 | 733.50 | 36.50 |
| Fujairah | 1052.50 | 34.50 | 1513.50 | 80.00 | 878.00 | 77.50 |
| Houston | 716.50 | 31.50 | 1132.00 | 55.00 | 572.50 | 26.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 828.50 | 27.50 | - | 777.00 | 74.50 | |
| Hong Kong | 1077.50 | 45.50 | 1444.00 | 111.00 | 977.00 | 89.50 |
| Istanbul | 924.50 | 42.50 | 1284.00 | 102.50 | 796.00 | 80.00 |
| LA / LB | 1060.50 | 23.50 | 1081.50 | 0.00 | 853.00 | 30.00 |
| Las Palmas |
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| Mumbai |
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| New York | 731.50 | 13.50 | 1222.50 | 20.00 | 634.00 | 1.50 |
| Cristobal, Panama |
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| Piraeus | 862.50 | 34.50 | 1237.00 | 16.00 | 740.50 | 30.00 |
| Santos | 1110.00 | 55.00 | 1910.00 | 1.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 1005.00 | 45.00 | 1440.00 | 61.00 |
| Global 4 Ports Average | 907.50 | 32.50 | 1389.50 | 60.00 |
| Global Average Bunker Price | 979.00 | 58.50 | 1406.00 | 91.00 |
| Singapore | 1085.50 | 36.50 | 1779.50 | 100.00 |
| Fujairah | 1052.50 | 34.50 | 1513.50 | 80.00 |
| Rotterdam | 775.50 | 27.50 | 1133.00 | 5.50 |
| Houston | 716.50 | 31.50 | 1132.00 | 55.00 |
Bunker Jobs
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Mar 06The company is looking for candidates with experience in the bunker industry and good command of English. -
Mar 06The company is seeking to hire bunker traders in Singapore and Seoul, and a senior bunker trader in Dubai. -
Feb 27The company is looking for candidates with a minimum of three years of experience in bunker trading and sales. -
Feb 27The company is looking for candidates with at least five years of experience in marine fuel procurement. -
Feb 19The company is looking for candidates with a minimum of two years of hands-on experience in bunker operations.
Popular Now More
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Mar 11The boxship came under attack about 25 nautical miles northwest of Ras Al Khaimah early this morning. -
Mar 09Sources tell Ship & Bunker that barge loadings have been suspended following the Sunday incident. -
Mar 12The new hire was previously head of operations and shipping for Axiom Global Oil & Gas Trading in Dubai. -
Mar 09Bunker prices have climbed to multi-year highs amid middle East conflict. -
Mar 10Sources tell Ship & Bunker that they are urging customers to float their bunker enquiries as soon as possible. -
Mar 12Dan-Bunkering (America) Inc had faced a range of charges including wrongful termination, breach of employment agreement and fraudulent inducement.
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Mar 12This is the third container ship that has come under attack in the Strait of Hormuz since the Middle Crisis began.