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Middle East Conflict
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Mar 09Bunker prices have climbed to multi-year highs amid middle East conflict.
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Mar 09The Singapore market is indicating prices at the highest level since 2022.
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Mar 09Sources tell Ship & Bunker that barge loadings have been suspended following the Sunday incident.
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Mar 09G7 finance ministers will reportedly hold an emergency meeting on Monday to discuss a possible joint release of petroleum reserves.
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Mar 06The incident occurred about six nautical miles north of Oman in the Strait of Hormuz at 12:57 UTC on Friday.
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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.
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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%.
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Mar 05Maersk has joined other container lines by cancelling cargo bookings to and from several Middle East ports.
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Mar 05Tanker groups urge industry to prioritise seafarer safety and rely on verified information when making operational decisions.
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Mar 05China has asked its refiners to suspend signing new contracts to export refined products and to attempt to cancel shipments already agreed to.
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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.
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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%.
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Mar 04The boxship came under attack about two nautical miles north of Oman at 11:09 AM UTC on Wednesday.
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Mar 04The 550,000 b/d refinery came under a suspected drone attack on Wednesday morning.
Insights & Analysis More
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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.
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Mar 06Ship & Bunker readers say intense competition in major bunkering hubs is the main factor expected to pressure margins this year.
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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%.
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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.
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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.
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Mar 03After three days of the conflict in the Middle East following strikes on Iran, uncertainty is increasing on what comes next.
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Mar 03Sanctions compliance is a growing problem for the bunker industry where digital services can help, SanctionCheck CEO James Casey tells Ship & Bunker.
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Mar 02Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker.
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Feb 24Trading firm Oilmar is marking its growth and development over the past decade with a series of charity partnerships.
Decarbonisation, Alternative Marine Fuels and Power More
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Mar 09Trials on two Baltic Sea ferries found no negative effect on engines while using bio-LNG as a substitute for fossil LNG.
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Mar 09J-ENG is also developing hydrogen and methanol-fuelled marine engines.
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Mar 09The vessel was bunkered with 3,600 mt of bio-methanol in a ship-to-ship operation.
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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 06Avenir LNG has signed a deal to supply bio-LNG to vessels in Maersk's dual-fuel fleet.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 716.00 | 65.50 | 1194.50 | 104.50 | 642.00 | 67.50 |
| Global 20 Ports Average | 735.00 | 53.50 | 1153.50 | 45.50 | 649.00 | 38.50 |
| Global Average Bunker Price | 740.00 | 49.50 | 1134.50 | 60.00 | 627.00 | 44.00 |
| Singapore | 822.50 | 127.00 | 1383.00 | 226.00 | 722.00 | 92.00 |
| Rotterdam | 631.50 | 16.00 | 1053.50 | 27.50 | 607.00 | 36.50 |
| Fujairah | 742.50 | 51.00 | 1202.00 | 41.50 | 675.00 | 60.50 |
| Houston | 668.00 | 67.50 | 1138.50 | 122.00 | 564.50 | 81.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 680.50 | 33.50 | - | 634.00 | 49.00 | |
| Hong Kong | 799.50 | 105.50 | 1248.00 | 99.00 | 707.00 | 67.00 |
| Istanbul | 768.00 | 15.50 | 1137.50 | 4.50 | 677.00 | 29.00 |
| LA / LB | 726.50 | 9.50 | 1005.00 | 25.00 | 632.00 | 2.00 |
| Las Palmas |
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| Mumbai |
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| New York | 664.00 | 33.00 | 1171.50 | 65.00 | 587.00 | 51.00 |
| Cristobal, Panama |
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| Piraeus | 724.50 | 26.50 | 1089.00 | 31.00 | 649.50 | 48.50 |
| Santos | 666.00 | 45.00 | 804.00 | 154.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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