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Dry Bulk Ship Orders Down 26% as Economic Uncertainty Looms

Dry Bulk Ship Orders Down 26% as Economic Uncertainty Looms

A combination of factors is driving the slowdown, including elevated newbuild prices, the cost premium for dual-fuel vessels, and lingering questions over future fuel technologies and regulations.
  1. 17Apr
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 10 – April 16, 2025. Read in Full
  2. 17Apr
    If the Q1 total were replicated over the rest of 2025, Singapore's annual sales would reach 52 million mt, down by 4.5% from 2024's record high. Read in Full
  3. 17Apr
    The company recorded a 600% increase in biofuel bunker sales in 2024. Read in Full
  4. 17Apr
    The cruise ship's first LNG bunkering was carried out by Shell, MSC Cruises' official refuelling partner. Read in Full
  5. 17Apr
    First trials of shore power connectivity have been completed at Hamburg's container terminal. Read in Full
  6. 17Apr
    Built by Cemre Shipyard, the electric ferry is set for deployment in the northern waters of Norway. Read in Full
  7. 17Apr
    Ship & Bunker's G20-VLSFO Index lost $3/mt to $521/mt on Wednesday, having reached its highest level since April 8 the previous day. Read in Full
  8. 17Apr
    The 170,000 b/d capacity refinery located in California produces gasoline, diesel, jet fuel and asphalt for road construction. Read in Full
  9. 17Apr
    The vessel is equipped with dual-fuel engines from WinGD. Read in Full
  10. 16Apr
    The sanctions precede a second round of Washington/Tehran nuclear negotiations. Read in Full
  11. 16Apr
    The firm delivered its first ULSFO stem on Tuesday, ahead of the upcoming Mediterranean Control Area (MED ECA) regulation. Read in Full

MEPC 83 & IMO 2028

  1. MEPC 83: INTERCARGO Concerned About Complexity of IMO 2028 Measures
    Apr 15
    Bulk shipping industry body INTERCARGO is concerned about the complex nature of GHG reduction measures put forward by the IMO.
  2. IMO 2028 Deal May Unlock Synthetic LNG Investment: SEA-LNG
    Apr 15
    The gas lobby group thinks that e-methane and bio-LNG are more scalable than other alternative fuels.
  3. IMO 2028: How Much Is it Going to Cost?
    Apr 15
    Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
  4. IBIA's Edmund Hughes: IMO 2028 Deal Likely to Be Adopted in October
    Apr 14
    While the deal is likely to be formally adopted in October, those abstaining in last week's vote will need to be brought on-side, according to IBIA's IMO representative.
  5. IMO 2028 Deal Sparks Disappointment as Flat Levy Ditched
    Apr 14
    The shipping industry is busy digesting a complex but relatively unambitious new decarbonisation framework from its global regulator.
  6. MEPC83: We Have Something on the Table and Can Close the Deal in October, says IMO
    Apr 11
    IMO secretary-general Arsenio Dominguez says the agreement reached this week should be seen as a positive outcome.
  7. MEPC83: GHG Talks on Track to Deliver Draft Text by Friday
    Apr 10
    IMO's team approach will get the job done despite US delegation no-show.
  8. US Skips IMO's MEPC 83 Meeting and Warns Against GHG Deal
    Apr 09
    A note from the US delegation argues against the promotion of 'hypothetical, expensive and unproven fuels'.
  9. IMO Chief Calls for Consensus and Action at Start of MEPC 83
    Apr 07
    At the opening of MEPC 83, Arsenio Dominguez called for consensus on the net-zero mandate and other key environmental goals.
  10. CMB.TECH Call for Regulatory Clarity at Upcoming MEPC 83
    Mar 31
    As the shipping industry faces increasing pressure to decarbonise, CMB.TECH is urging IMO to take decisive action at the upcoming series of meetings.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 336.50 36.50 692.50 75.50 717.50 78.50
Rotterdam 329.00 23.50 677.00 48.50 702.00 50.00
Houston 319.00 3.50 656.50 7.00 680.50 7.00
Fujairah 210.50 30.50 433.50 62.00 449.00 64.50

Top Stories More

  1. INSIGHT: FuelEU Maritime Means Shipowners Cannot Afford to Wait on Alternative Fuels
    Apr 16
    Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance.
  2. IMO 2028: How Much Is it Going to Cost?
    Apr 15
    Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
  3. IMO 2028 Deal Sparks Disappointment as Flat Levy Ditched
    Apr 14
    The shipping industry is busy digesting a complex but relatively unambitious new decarbonisation framework from its global regulator.
  4. INTERVIEW: Monjasa Expects Resilient Profits in 2025 Despite Market Drop
    Apr 11
    While market uncertainty has increased, Monjasa still expects to see the fourth-highest profits in its history in 2025, CFO Rasmus Knudsen tells Ship & Bunker.
  5. US Skips IMO's MEPC 83 Meeting and Warns Against GHG Deal
    Apr 09
    A note from the US delegation argues against the promotion of 'hypothetical, expensive and unproven fuels'.

Insights & Analysis More

  1. ANALYSIS: Singapore Quarterly Bunker Sales Drop to Lowest Since Q3 2023
    Apr 17
    If the Q1 total were replicated over the rest of 2025, Singapore's annual sales would reach 52 million mt, down by 4.5% from 2024's record high.
  2. VPS: A New Legislative Measure for the Decarbonisation of Shipping
    Apr 16
    Steve Bee and Emilian Buksak of VPS discuss the new IMO 2028 deal.
  3. INSIGHT: FuelEU Maritime Means Shipowners Cannot Afford to Wait on Alternative Fuels
    Apr 16
    Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance.
  4. IMO 2028: How Much Is it Going to Cost?
    Apr 15
    Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
  5. VPS: How Fuel System Check Monitoring Will Reduce Risks, Save Time and Money
    Apr 14
    Steve Bee of VPS discusses how to avoid engine damage from cat fines.
  6. IMO 2028 Deal Sparks Disappointment as Flat Levy Ditched
    Apr 14
    The shipping industry is busy digesting a complex but relatively unambitious new decarbonisation framework from its global regulator.
  7. INTERVIEW: Monjasa Expects Resilient Profits in 2025 Despite Market Drop
    Apr 11
    While market uncertainty has increased, Monjasa still expects to see the fourth-highest profits in its history in 2025, CFO Rasmus Knudsen tells Ship & Bunker.
  8. VPS: How Proactive Chemical Screening of Marine Fuel Can Save Thousands of Dollars
    Apr 10
    Steve Bee of VPS discusses the use of advanced testing methods to avoid fuel quality problems.
  9. VPS: Turning Shipping's Regulatory Demands Into Operational and Commercial Advantages
    Apr 08
    Steve Bee and Emilian Buksak of VPS discuss how the shipping industry should approach the energy transition.
  10. INTERVIEW: KPI OceanConnect Sees Global Biofuel Bunker Demand Doubling in 2025
    Apr 02
    The company expects to see 600,000-700,000 mt of global biofuel demand growth in B100 terms in 2025, Jesper Sørensen tells Ship & Bunker.

Yemen & Red Sea Attacks

  1. Mauritius Bunker Demand Doubled in 2024 Amid Red Sea Crisis
    Mar 26
    Nearly 1 million mt of bunker fuel was sold in Port Louis in 2024, almost double that from 2023.
  2. Leaked Conversation Reveals Trump Administration Divide on Houthi Strikes: Report
    Mar 25
    Vice President JD Vance reportedly sees Houthi attacks on commercial shipping as more of a problem for Europe than the US.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Norway's Largest Battery-Powered Ferry Sets Sail
    Apr 17
    Built by Cemre Shipyard, the electric ferry is set for deployment in the northern waters of Norway.
  2. VPS: A New Legislative Measure for the Decarbonisation of Shipping
    Apr 16
    Steve Bee and Emilian Buksak of VPS discuss the new IMO 2028 deal.
  3. INSIGHT: FuelEU Maritime Means Shipowners Cannot Afford to Wait on Alternative Fuels
    Apr 16
    Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance.
  4. Norway Confirms 2026 Fjord Zero-Emission Rule
    Apr 16
    Norway reaffirms its zero-emission rule for cruise ships in the UNESCO World Heritage fjords by 2026, with a delayed deadline for larger cruise ships until 2032.
  5. MEPC 83: INTERCARGO Concerned About Complexity of IMO 2028 Measures
    Apr 15
    Bulk shipping industry body INTERCARGO is concerned about the complex nature of GHG reduction measures put forward by the IMO.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 480.00 3.00 644.00 2.50 424.00 3.50
Global 20 Ports Average 523.50 2.50 714.00 6.50 460.50 4.00
Global Average Bunker Price 563.50 0.50 747.50 4.00 473.00 0.50
Singapore 497.00 2.50 614.50 4.00 440.00 2.50
Rotterdam 453.00 4.00 615.00 2.50 422.00 4.50
Fujairah 494.00 3.50 716.50 1.00 434.00 3.00
Houston 475.50 1.00 629.50 4.00 400.50 4.00
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 489.50 3.00 - 464.00 1.00
Hong Kong 507.00 0.50 619.00 0.50 467.50 4.00
Istanbul 571.00 12.00 708.00 14.50 511.50 12.00
LA / LB 558.50 0.50 705.50 3.00 484.00 7.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 496.00 7.00 648.50 5.00 438.50 4.50
Cristobal, Panama - login to view prices or
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Piraeus 536.00 2.00 685.50 10.00 450.00 8.50
Santos 504.50 1.00 784.50 8.00 -
Shanghai - login to view prices or
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St Petersburg 550.00 0.00 707.50 0.00 410.00 0.00
Tokyo - login to view prices or
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