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INTERVIEW: Methanol Start-Up PuriFire Sees New Demand Emerging Despite IMO Delay

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.
  1. 19Feb
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 12 – February 18, 2026. Read in Full
  2. 19Feb
    VPS says effective onboard lube oil purification is becoming increasingly critical as engines push for higher efficiency. Read in Full
  3. 19Feb
    The company is a prominent player in the Turkish bunker market. Read in Full
  4. 19Feb
    Fujairah's HSFO sales were up by 23.4% on the year in January. Read in Full
  5. 19Feb
    The propulsion system will allow the vessel to operate on electric power, diesel power or a combination of both. Read in Full
  6. 19Feb
    UCL analysis says only the current agreed Net-Zero Framework structure provides a credible investment signal for scalable alternative marine fuels. Read in Full
  7. 19Feb
    The company is looking for candidates with a minimum of two years of hands-on experience in bunker operations. Read in Full
  8. 19Feb
    Crew from three tugboats are accused of misappropriating MGO worth about SGD 13,670 for an unauthorised sale. Read in Full
  9. 19Feb
    About 1,000 gallons of residual fuel and oily water have been extracted from the barge that ran aground on February 9. Read in Full
  10. 19Feb
    Wartsila sees LNG as an interim marine fuel bridging conventional and future low-carbon options. 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 340.00 3.50 699.50 7.50 725.50 7.50
Rotterdam 290.50 0.50 597.50 0.50 619.50 0.50
Houston 365.50 3.50 752.00 7.00 779.50 7.50
Fujairah 213.50 1.50 439.00 3.50 455.50 3.00

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: Methanol Start-Up PuriFire Sees New Demand Emerging Despite IMO Delay
    Feb 19
    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.
  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. 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.

Top Stories More

  1. INTERVIEW: Methanol Start-Up PuriFire Sees New Demand Emerging Despite IMO Delay
    Feb 19
    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.
  2. Hapag-Lloyd to Merge With ZIM by End of 2026
    Feb 16
    The combined company will operate a fleet of more than 400 ships with capacity over 3 million TEU.
  3. IE Week: Margin Pressure and Capital Strains Cloud Outlook for Bunker Industry
    Feb 16
    But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker.
  4. IE WEEK: Peninsula Sees Diversification as Key to Future Expansion
    Feb 13
    Peninsula is embracing the market's increasing complexity as it makes future plans after celebrating 30 years in operation, COO Kenny MacLean tells Ship & Bunker.
  5. IE WEEK: KPI OceanConnect Hopes for Calmer Trade Environment in 2026
    Feb 11
    If calmer trade conditions can prevail, growth may accelerate this year, KPI OceanConnect CEO Dorthe Bendtsen tells Ship & Bunker.

Insights & Analysis More

  1. IE Week: Margin Pressure and Capital Strains Cloud Outlook for Bunker Industry
    Feb 16
    But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker.
  2. ANALYSIS: Singapore January Bunker Sales Jump 16.4% Year-on-Year Amid Higher HSFO Demand
    Feb 16
    January HSFO sales jumped by 30.4% on the year, with the grade accounting for 41.6% of the total bunker sales.
  3. INSIGHT: Collaboration, Not Silver Bullets, Will Define Maritime Decarbonisation
    Feb 12
    Paul Bayliss of Fuelre4m discusses the need for collaboration to demonstrate the efficacy of decarbonisation technologies.
  4. ANALYSIS: Rotterdam 2025 Bunker Sales Drop on Lower VLSFO and Biofuel Demand
    Feb 06
    HSFO was the most sold bunker grade in Rotterdam, accounting for 36.6% of the total conventional and biofuel sales in 2025.
  5. 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.
  6. 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.
  7. 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.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Steerprop to Supply Propulsion for New Hybrid Tug for Norway's Ostensjo
    Feb 19
    The propulsion system will allow the vessel to operate on electric power, diesel power or a combination of both.
  2. Weaker IMO NZF Deal Could Push Zero-Emission Marine Fuels Into the 2040s
    Feb 19
    UCL analysis says only the current agreed Net-Zero Framework structure provides a credible investment signal for scalable alternative marine fuels.
  3. Wartsila to Supply Systems for Two LNG Bunker Vessels Under Construction in China
    Feb 19
    Wartsila sees LNG as an interim marine fuel bridging conventional and future low-carbon options.
  4. CMA CGM Confirms Order for Six LNG-Fuelled Boxships with Indian Shipyard
    Feb 19
    The deal formalises last year's letter of intent for six LNG-fuelled container vessels at Cochin Shipyard.
  5. BV and Hudong-Zhonghua Team Up on New LNG Bunkering Ship Design
    Feb 19
    Bureau Veritas and Hudong-Zhonghua are working together on the design review of a new LNG bunkering vessel.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/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 - 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 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 - login to view prices or
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Mumbai - login to view prices or
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New York 518.00 9.00 778.00 6.00 401.00 8.50
Cristobal, Panama - login to view prices or
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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 - login to view prices or
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St Petersburg - login to view prices or
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