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POLL: Bunker Margins Under Pressure as Low Prices Set to Persist in 2026

POLL: Bunker Margins Under Pressure as Low Prices Set to Persist in 2026

Ship & Bunker takes a closer look at the factors impacting low bunker margins.
  1. 05Feb
    The LNG stem was delivered via two trucks simultaneously after receiving approval from the Norwegian authority. Read in Full
  2. 05Feb
    Partnership will explore green methanol shipping applications in Hong Kong as alternative marine fuel demand grows. Read in Full
  3. 05Feb
    Ports in the Strait of Gibraltar have been facing severe weather since last month, disrupting bunker supply and port operations. Read in Full
  4. 05Feb
    Mugardos Energy Terminal has secured ISCC certification to supply bio-LNG to ships and tankers. Read in Full
  5. 05Feb
    Iran has confirmed that nuclear talks with Washington are scheduled for Friday in Muscat. 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.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 343.50 4.00 706.50 7.50 732.50 8.00
Rotterdam 291.50 6.50 599.50 8.50 621.50 35.00
Houston 354.50 46.00 729.00 71.50 755.50 121.50
Fujairah 219.00 2.00 450.50 4.00 467.00 4.50

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.

IMO 2050

  1. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  2. IMO SG to Green Fuel Producers: Don't Give Up on Us
    Jan 27
    The IMO Secretary General has briefed the press on the organisation's current thinking around the prospects for its Net Zero Framework.
  3. 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.

Top Stories More

  1. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  2. Singapore Diesel Supplier Fuel Incorporation Announces Bunkering Expansion
    Jan 29
    The firm - at present a supplier of 10 PPM road diesel, exhaust fluid and additives - plans to expand into bunkering as well as setting up an oil brokerage platform.
  3. IMO SG to Green Fuel Producers: Don't Give Up on Us
    Jan 27
    The IMO Secretary General has briefed the press on the organisation's current thinking around the prospects for its Net Zero Framework.
  4. VPS 2025 Marine Fuel Review
    Jan 26
    Steve Bee of VPS discusses fuel-quality issues observed over the course of 2025.
  5. 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.

Insights & Analysis More

  1. POLL: Bunker Margins Under Pressure as Low Prices Set to Persist in 2026
    Feb 05
    Ship & Bunker takes a closer look at the factors impacting low bunker margins.
  2. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  3. INSIGHT: How to Avoid Recruiting the Wrong Bunker Trader
    Jan 28
    Even well-intentioned professionals can fall foul of the rules if they do not fully understand them.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Towngas Partners with Sinopec to Advance Green Methanol Supply for Shipping
    Feb 05
    Partnership will explore green methanol shipping applications in Hong Kong as alternative marine fuel demand grows.
  2. Spanish Energy Terminal Ready to Supply Bio-LNG to Vessels
    Feb 05
    Mugardos Energy Terminal has secured ISCC certification to supply bio-LNG to ships and tankers.
  3. Viking Line Secures Bio-LNG Covering 50% of Fuel Needs for First Half of 2026
    Feb 04
    The company's LNG-fuelled ferries bunkered about 6,000 mt of bio-LNG last year.
  4. Bureau Veritas and Wartsila Team Up to Assess Hybrid-Electric LNG Carrier Design
    Feb 04
    A hybrid-electric LNG carrier design focused on propulsion optimisation will be assessed under the joint project.
  5. Jamaica Explores Alternative Marine Fuel Options at IMO-Backed Workshop
    Feb 04
    A national workshop in Jamaica brought together stakeholders to discuss how alternative marine fuels could fit into the country's ports and bunkering sector.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 467.50 13.00 697.00 12.50 400.50 12.50
Global 20 Ports Average 503.50 9.00 767.50 9.50 436.00 9.00
Global Average Bunker Price 545.50 7.50 803.50 6.00 447.50 9.00
Singapore 484.50 13.50 672.50 1.50 433.00 12.50
Rotterdam 448.00 15.00 693.00 15.00 400.00 12.00
Fujairah 475.00 14.50 758.00 19.00 410.50 15.00
Houston 463.00 9.50 664.00 14.50 359.50 10.00
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 472.00 7.00 - 425.50 7.00
Hong Kong 495.00 13.50 699.50 17.00 465.50 13.00
Istanbul 595.50 5.50 768.00 9.50 473.50 0.00
LA / LB 567.00 7.00 770.50 14.00 459.00 6.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 504.50 8.00 790.00 10.50 392.00 4.50
Cristobal, Panama - login to view prices or
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Piraeus 537.50 1.00 760.50 23.50 423.50 4.00
Santos 474.00 12.00 846.00 5.00 -
Shanghai - login to view prices or
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St Petersburg - login to view prices or
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Tokyo - login to view prices or
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