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Latest Prices, VLSFO

Price $/mt Change High Low Spread
T Sep 29 911.00 -1.50 920.00 905.00 15.00
M Sep 28 912.50 +17.50 936.00 875.00 61.00
F Sep 25 895.00 -8.00 910.00 858.00 52.00
T Sep 24 903.00 +21.50 923.50 865.00 58.50
W Sep 23 881.50 -10.50 900.00 855.00 45.00
T Sep 22 892.00 -7.00 924.00 870.00 54.00
M Sep 21 899.00 -11.00 930.00 880.00 50.00
F Sep 18 910.00 -15.50 930.00 880.00 50.00
T Sep 17 925.50 -14.00 942.50 895.00 47.50
W Sep 16 939.50 +1.50 958.50 915.00 43.50
T Sep 15 938.00 +8.50 957.50 910.00 47.50

Hong Kong Historical Quarterly Average Prices

Quarterly average bunker prices for the most recent quarters. All prices are $USD / mt.
VLSFO MGO LSMGO HSFO
2021 Q1

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2021 Q2

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2021 Q3

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2021 Q4

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2022 Q1

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2022 Q2

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2022 Q3

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2022 Q4

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2023 Q1

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2023 Q2

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2023 Q3

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2023 Q4

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2024 Q1

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2024 Q2

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2024 Q3

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2024 Q4

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2025 Q1

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2025 Q2

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2025 Q3

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2025 Q4

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2026 Q1

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2026 Q2

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2026 Q3

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Hong Kong Bunker Price Forecast

Based on 1-year Ship & Bunker Brent / Bunker relationship for each product and the Brent forecast from EIA Short-Term Energy Outlook dated Sep 3, 2026. All prices are $USD / mt. All prices are as indications only.
VLSFO MGO LSMGO HSFO
2026 Q3 727 1059 1059 610
2026 Q4 740 1077 1077 621
Full Year 2026 743 1082 1082 623
2027 Q1 693 1009 1009 581
2027 Q2 628 915 915 527
2027 Q3 571 832 832 480
2027 Q4 522 760 760 438
Full Year 2027 602 876 876 505

Terminology

Biofuel is a VLSFO biofuel blend, B24 in Singapore (24% biofuel) and typically a B30 (30% biofuel) elsewhere.

Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne.

EUA is the price in Euros for 1 (one) EU Emissions Allowance (EUA).

EUA-USD is the USD price for 1 (one) EUA converted at the prevailing exchange rate.

EUAHSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of HSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.

EUAMGO is the total EUA cost to offset 1 (one) metric tonne (mt) of MGO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.

EUAVLSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of VLSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.

IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc).

LNG is the USD price for one metric tonne of LNG.

LNG-380e is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of IFO380 bunker fuel.

LNG-MGOe is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of MGO.

LS180 & LS380 are Max 1.0% Sulfur Bunkers.

LSMGO is Max 0.10% Sulfur Distillate (DMA, DMZ) for Compliance with 2015 ECA Regulations.

MDO is Max 1.50% Sulfur Distillate (DMB).

MEoH is the price per tonne of pure conventional / grey methanol.

MEoH-MGOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of MGO.

MEoH-VLSFOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of VLSFO bunker fuel.

MGO is, unless otherwise specified, a Max 1.50% Sulfur "Clear and Bright" Distillate (DMA, DMZ, etc).

SS is the 'scrubber spread' - the premium for 0.50%S VLSFO over >0.50%S HSFO. The spread is the price differenctial between the two fuels before their respective half dollar rounding, with the resulting spread then rounded to the nearest half dollar.

ULSFO is Max 0.10% Sulfur Fuel Oil for Compliance with 2015 ECA Regulations.

VLSFO is Max 0.5% Sulfur fuel (Also known as IMO2020 grade bunkers).

WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne.

Learn more about our price methodology here: https://shipandbunker.com/about/about-sb-prices