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Golden Island Completes Singapore's First Methanol Bunkering Under New Licence Regime

Golden Island Completes Singapore's First Methanol Bunkering Under New Licence Regime

The company recently delivered 300 mt of methanol to Mitsui & Co's Brave Pioneer.
  1. 23Jan
    Trading patterns are almost completely driven by headlines, not fundamentals. Read in Full
  2. 23Jan
    The new hire was previously an energy trader for Shipergy in Dubai. Read in Full
  3. 23Jan
    More than 12% of 2025's total was taken up by biomethane. Read in Full
  4. 23Jan
    French forces detained the tanker Grinch between the southern coast of Spain and the northern coast of Morocco on Thursday. Read in Full
  5. 23Jan
    The new manager has worked for Monjasa since October 2020, serving previously as a trader in Stamford and then a senior trader in New York. Read in Full
  6. 23Jan
    The company is looking for candidates with three to five years of experience in procurement, transportation, the supply chain or marine operations. Read in Full
  7. 23Jan
    The 7,500 DWT Da Qing 268 is capable of both running on and delivering methanol as a bunker fuel, and is Wah Kwong's fourth bunkering vessel. Read in Full
  8. 22Jan
    Meanwhile, Saudi Aramco chief dismisses global glut fears. Read in Full
  9. 22Jan
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from January 15 – January 21, 2026. Read in Full
  10. 22Jan
    Nikos Kakalis has taken to role of managing director at the Athens-based shipping decarbonisation initiative. Read in Full

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.

Read The Report in Full

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 339.50 1.50 699.00 3.00 724.50 3.50
Rotterdam 285.00 0.50 608.00 20.50 586.50 22.50
Houston 308.50 7.00 657.50 37.50 634.00 8.50
Fujairah 217.00 1.00 446.50 2.50 462.50 2.50

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. VIEWPOINT: Bleak Prospects for Bunker Industry at Start of 2026
    Jan 13
    Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.
  2. Pacific Basin Cites IMO NZF Delay as Reason for Purchase of New Conventionally-Fuelled Ships
    Dec 24
    Pacific Basin has cited the IMO delay as a key reason for it continuing to add conventionally-fuelled tonnage to its fleet.
  3. FEATURE: 2025 Was Year of Rapidly Escalating Regulation for Shipping and Bunker Industries
    Dec 23
    In a year of turmoil for the shipping and bunker industries, a steady increase in regulatory complexity has been the one reliable constant.
  4. FEATURE: AI Will Not Replace Bunker Traders. Will it?
    Dec 22
    This industry is about relationships. Will AI strengthen or replace them?

Top Stories More

  1. Here Are the Results of the 2025 Bunker Salary Survey
    Jan 22
    The average salary rises again, the latest bunker trader salary survey from Imperium Commodity Search and Ship & Bunker shows.
  2. Riviera Marine Incorporates The Bunker Firm Group
    Jan 20
    The combined company has its headquarters in Monte Carlo as well as offices in Copenhagen, Fredericia, Athens and Dubai.
  3. Global Fuel Supply Expands Into South Africa
    Jan 19
    The firm has hired Jacqui Taylor as the first employee for its new Cape Town office.
  4. New US-Europe Trade Spat Erupts Over Greenland
    Jan 18
    The US will impose an extra 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland from February 1.
  5. Maersk Announces Return to Red Sea
    Jan 15
    The decision follows the successful Suez transits of the Maersk Sebarok and Maersk Denver.

Insights & Analysis More

  1. Here Are the Results of the 2025 Bunker Salary Survey
    Jan 22
    The average salary rises again, the latest bunker trader salary survey from Imperium Commodity Search and Ship & Bunker shows.
  2. Fujairah Bunker Sales Fell 2.8% in 2025 on Lower VLSFO Demand
    Jan 19
    VLSFO sales in the Middle East port saw a decrease of 7.3%, while HSFO sales demonstrated a positive growth trend.
  3. Panama Bunker Sales Rose 4.1% Year on Year in 2025 on Higher VLSFO Sales
    Jan 15
    Panama saw a total of 7,466 calls for bunkers in 2025, representing an 11.5% increase from the 6,696 recorded in 2024.
  4. INTERVIEW: Shipergy Uses AI to Reshape Trading Model Amid Market Downturn
    Jan 15
    Shipergy CEO Daniel Rose is refocusing the firm's commercial efforts on three hubs and deploying AI tools to reduce workload in response to weak market conditions, he tells Ship & Bunker.
  5. ANALYSIS: Singapore Annual Bunker Sales Reach New Record High in 2025
    Jan 13
    Singapore's total bunker sales rose to a record high in 2025 amid strong volumes in December.
  6. VIEWPOINT: Bleak Prospects for Bunker Industry at Start of 2026
    Jan 13
    Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.
  7. ANALYSIS: Average VLSFO Bunker Prices at Key Ports Fall 20% in 2025
    Jan 07
    The G20-VLSFO Index hit its lowest level since 2020, but for ships in Europe this price drop was outweighed by the increase in EU-ETS compliance costs.
  8. ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026
    Jan 01
    While bunker prices are set to fall this year, higher EU-ETS costs will offset most of the benefit for European shipping.
  9. Fujairah Bunker Sales Hit Five-Month Low in November
    Dec 30
    Bunker sales in Fujairah dropped for the third consecutive month in November.
  10. FEATURE: 2025 Was Year of Rapidly Escalating Regulation for Shipping and Bunker Industries
    Dec 23
    In a year of turmoil for the shipping and bunker industries, a steady increase in regulatory complexity has been the one reliable constant.

Decarbonisation and Alternative Marine Fuels & Power More

  1. LR-Backed Maritime Emissions Reduction Centre Appoints Managing Director
    Jan 22
    Nikos Kakalis has taken to role of managing director at the Athens-based shipping decarbonisation initiative.
  2. ICS Issues New Deck Procedures Guide Covering Alternative Fuel Bunkering
    Jan 22
    The International Chamber of Shipping has published its industry guide for deck operations, with new procedures covering the bunkering of LNG, methanol and ammonia.
  3. Wartsila to Supply Alt-Fuel Ready Engine for Allseas Group's Newbuild
    Jan 22
    The engine is suitable for conversion to run on alternative marine fuels in the future.
  4. Sumitomo and VTT Partner on Syngas Technology for Alternative Marine Fuels
    Jan 22
    Syngas, a hydrogen-rich gas made from biowaste, is used to produce marine fuels such as green methanol.
  5. Port of Bremerhaven Supplies Shore Power to Car Carrier
    Jan 21
    A vessel operated by Wallenius Wilhelmsen connected to shore power, marking a first for a car carrier in a European port.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 446.00 1.00 671.50 1.00 375.50 5.50
Global 20 Ports Average 485.00 0.50 741.00 2.00 415.50 3.50
Global Average Bunker Price 526.50 0.50 782.50 10.00 426.00 3.50
Singapore 459.50 2.50 642.50 3.50 398.50 5.00
Rotterdam 435.00 6.50 666.00 5.00 373.00 1.00
Fujairah 446.50 2.00 727.00 4.50 377.00 11.00
Houston 442.00 4.50 651.50 0.50 352.50 5.00
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 452.00 6.50 - 406.00 2.50
Hong Kong 467.50 2.00 667.00 1.50 414.00 4.00
Istanbul 552.00 1.50 742.00 6.00 497.50 4.50
LA / LB 533.50 1.50 711.50 0.00 439.50 0.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 475.00 1.00 718.00 1.00 366.50 5.50
Cristobal, Panama - login to view prices or
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Piraeus 523.50 4.00 728.00 10.50 401.50 1.50
Santos 464.00 5.00 829.00 12.00 -
Shanghai - login to view prices or
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