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INTERVIEW: Methanol Start-Up PuriFire Sees New Demand Emerging Despite IMO Delay
Neel Shah, co-founder of UK methanol start-up PuriFire Energy, discusses how the IMO's delay is affecting business plans for green fuel producers.
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19FebThe $205 million deal formalises last year's letter of intent for six LNG-fuelled container vessels at Cochin Shipyard. Read in Full
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19FebBureau Veritas and Hudong-Zhonghua are working together on the design review of a new LNG bunkering vessel. Read in Full
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19FebFrench authorities have released the detained tanker after the owner paid a fine. Read in Full
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18FebMeanwhile, negotiations between Russia and Ukraine continue to go nowhere. Read in Full
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18FebThe Cargill-Hafnia marine fuels joint venture says it has onboarded 53 customers since its launch in May 2025. Read in Full
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18FebThe transaction covers container shipping services linking Rotterdam with multiple UK and Irish ports. Read in Full
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18FebThe RoPax vessel's battery capacity has been increased nearly fivefold to 12.6 MWh following the upgrade. Read in Full
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18FebThe two vessels are scheduled to be delivered in 2028 and 2029. Read in Full
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18FebShanghai aims to supply about 450,000 mt/year of LNG bunker by 2030. Read in Full
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18FebThe shipbuilding contract is worth $266 million and includes an option to order two more ships. 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.
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.
IMO 2050
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Feb 19Neel Shah, co-founder of UK methanol start-up PuriFire Energy, discusses how the IMO's delay is affecting business plans for green fuel producers. -
Jan 30Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping. -
Jan 27The IMO Secretary General has briefed the press on the organisation's current thinking around the prospects for its Net Zero Framework.
Top Stories More
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Feb 19Neel Shah, co-founder of UK methanol start-up PuriFire Energy, discusses how the IMO's delay is affecting business plans for green fuel producers.
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Feb 16The combined company will operate a fleet of more than 400 ships with capacity over 3 million TEU. -
Feb 16But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker. -
Feb 13Peninsula is embracing the market's increasing complexity as it makes future plans after celebrating 30 years in operation, COO Kenny MacLean tells Ship & Bunker. -
Feb 11If calmer trade conditions can prevail, growth may accelerate this year, KPI OceanConnect CEO Dorthe Bendtsen tells Ship & Bunker.
Insights & Analysis More
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Feb 16But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker.
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Feb 16January HSFO sales jumped by 30.4% on the year, with the grade accounting for 41.6% of the total bunker sales. -
Feb 12Paul Bayliss of Fuelre4m discusses the need for collaboration to demonstrate the efficacy of decarbonisation technologies. -
Feb 06HSFO was the most sold bunker grade in Rotterdam, accounting for 36.6% of the total conventional and biofuel sales in 2025. -
Feb 05Ship & Bunker takes a closer look at the factors impacting low bunker margins. -
Jan 30Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
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Jan 28Even well-intentioned professionals can fall foul of the rules if they do not fully understand them.
Decarbonisation, Alternative Marine Fuels and Power More
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Feb 19The $205 million deal formalises last year's letter of intent for six LNG-fuelled container vessels at Cochin Shipyard. -
Feb 19Bureau Veritas and Hudong-Zhonghua are working together on the design review of a new LNG bunkering vessel. -
Feb 19Neel Shah, co-founder of UK methanol start-up PuriFire Energy, discusses how the IMO's delay is affecting business plans for green fuel producers.
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Feb 18The RoPax vessel's battery capacity has been increased nearly fivefold to 12.6 MWh following the upgrade. -
Feb 17The new facility is expected to begin operations in March 2029.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
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| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 473.00 | 2.50 | 688.50 | 2.00 | 411.00 | 2.00 |
| Global 20 Ports Average | 516.00 | 3.50 | 766.00 | 0.50 | 451.50 | 3.50 |
| Global Average Bunker Price | 556.00 | 1.50 | 806.50 | 3.00 | 456.00 | 2.00 |
| Singapore | 490.00 | 0.50 | 671.00 | 5.50 | 446.00 | 3.00 |
| Rotterdam | 457.50 | 1.00 | 679.50 | 2.50 | 408.50 | 4.00 |
| Fujairah | 476.50 | 1.50 | 743.50 | 2.00 | 420.50 | 1.00 |
| Houston | 468.50 | 11.00 | 660.00 | 2.50 | 370.00 | 9.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 492.50 | 8.00 | - | 443.50 | 2.50 | |
| Hong Kong | 498.00 | 0.00 | 690.50 | 0.00 | 482.00 | 0.00 |
| Istanbul | 641.50 | 5.50 | 777.50 | 2.50 | 485.00 | 4.50 |
| LA / LB | 573.00 | 41.50 | 795.00 | 42.50 | 496.00 | 34.50 |
| Las Palmas |
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| Mumbai |
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| New York | 518.00 | 9.00 | 778.00 | 6.00 | 401.00 | 8.50 |
| Cristobal, Panama |
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| Piraeus | 556.00 | 3.00 | 761.00 | 0.50 | 432.50 | 11.00 |
| Santos | 484.00 | 0.00 | 836.00 | 0.00 | - | |
| 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 | 516.00 | 3.50 | 766.00 | 0.50 |
| Global 4 Ports Average | 473.00 | 2.50 | 688.50 | 2.00 |
| Global Average Bunker Price | 556.00 | 1.50 | 806.50 | 3.00 |
| Singapore | 490.00 | 0.50 | 671.00 | 5.50 |
| Fujairah | 476.50 | 1.50 | 743.50 | 2.00 |
| Rotterdam | 457.50 | 1.00 | 679.50 | 2.50 |
| Houston | 468.50 | 11.00 | 660.00 | 2.50 |
Bunker Jobs
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Feb 13The company is looking for candidates with a sound understanding of bunkering operations and experience in vessel operations. -
Feb 11The company is looking for energetic bunker traders to join its team and support its growth. -
Feb 10The company is looking for candidates with a marine or nautical degree and experience within the maritime or transport sector and with quality inspections. -
Feb 05The company is looking for candidates with experience, preferably in the LNG and bio-LNG industry. -
Feb 03The company is looking for candidates with proven experience in the bunker industry, deep connections to local suppliers and excellent English.
Popular Now More
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Feb 17Suzun Marine Fuels aims to be the first global bunkering firm focused on truck-to-ship deliveries. -
Feb 18Laura Ong has worked with the company since December 2019. -
Feb 19Neel Shah, co-founder of UK methanol start-up PuriFire Energy, discusses how the IMO's delay is affecting business plans for green fuel producers.
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Feb 18The Cargill-Hafnia marine fuels joint venture says it has onboarded 53 customers since its launch in May 2025. -
Feb 16But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker.
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Feb 13Peninsula is seeking $109,885, as well as at least $200,000 in costs, from Norvic in a dispute over a hedging agreement. -
Feb 18The company has completed its first physical lubricant delivery in San Lorenzo.