Latest News
50% of Tonnage Ordered in 2024 Can Run on Alternative Fuels
The company noted 820 new vessel orders totalling 62.2 million GT capable of running on alternative fuels last year.
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04JanMeanwhile, the Trump presidency bodes well for oil investment. Read in Full
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03JanChimbusco Pan Nation Petro-Chemical Co supplied a B24 blend to the cruise ship Celebrity Solstice in Hong Kong on January 2. Read in Full
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03JanFrom January 1, port dues will be reduced by 100% for stays of four days or fewer for vessels running fully on battery power, hydrogen, fuel cells, ammonia, B100 and green methanol. Read in Full
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03JanHugo Mora has joined the company as marine sales manager in Houston as of this month. Read in Full
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03JanThe company is looking for candidates with prior experience in the shipping or bunker industries and fluent English. Read in Full
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03JanThe new hire was previously head of sales at Merideo Ltd in Cyprus. Read in Full
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03JanShip & Bunker's G20-VLSFO Index gained $0.50/mt to $582.50/mt on Thursday, reaching its highest level since November 26. Read in Full
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03JanPetrocore Energy LLC-FZ provides physical bunker fuel supply services at Pakistan's major ports, Karachi and Bin Qasim, as well as back-to-back trading at the UAE's major ports. Read in Full
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03JanThe new hire previously served as head of Middle East trading at Mercuria Energy Trading in Dubai. Read in Full
Top Stories More
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Jan 02EU-ETS compliance is adding 27.5% to VLSFO consumption costs on intra-EU voyages at the start of 2025, up from 15.7% at the end of last year. -
Jan 0184% of today's alternatively fuelled tonnage is LNG dual-fuel, comprising 1,248 ships with a total capacity of 102.93 million GT. -
Jan 01Bunker costs set to rise as new rules take effect from January 1, 2025. -
Dec 232024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy. -
Dec 11Bunker prices will be lower in 2025, but overall costs will rise for those operating within European waters, according to the latest analysis by Ship & Bunker.
Insights & Analysis More
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Jan 02EU-ETS compliance is adding 27.5% to VLSFO consumption costs on intra-EU voyages at the start of 2025, up from 15.7% at the end of last year.
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Jan 01But the final cost of EU ETS compliance for individual companies in 2024 may not be known until the end of September 2025. -
Dec 232024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy.
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Dec 17Ossi Mettälä, product manager at NAPA Shipping Solutions, discusses the upcoming FuelEU Maritime regulation and how the shipping industry can respond. -
Dec 16Singapore's 2024 total is heading for 54.26 million mt, up by 4.7% from 2023's record high. -
Dec 11Bunker prices will be lower in 2025, but overall costs will rise for those operating within European waters, according to the latest analysis by Ship & Bunker.
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Dec 10Dr Edmund Hughes, director of Green Marine Associates Ltd, discusses the increasingly complex regulatory environment for maritime decarbonisation. -
Dec 04GAC Sweden's Nils Igelström highlights the need for industry collaboration to prevent a stall in shipping's energy transition. -
Dec 03Gautam Adani has characterised the Justice Department's allegations as 'baseless' and said his firm would seek 'all possible legal recourse' in fighting them. -
Dec 03Steve Bee, group commercial director at VPS, discusses the emergence of methanol as a marine fuel.
Yemen & Red Sea Attacks
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Dec 06The ship was reported as adrift about 105 nautical miles north-west of Al Hudaydah at 4:30 AM UTC on Friday. -
Dec 06Sounion offloads cargo to another ship three months after coming under attack by Houthi military forces. -
Dec 04For averting environmental disaster by bringing fire from missile attack under control after firefighting for 19 hours. -
Dec 02The ship came under attack about 80 nautical miles south of Aden at 9:32 AM UTC on Sunday.
Decarbonisation and Alternative Marine Fuels & Power More
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Jan 03From January 1, port dues will be reduced by 100% for stays of four days or fewer for vessels running fully on battery power, hydrogen, fuel cells, ammonia, B100 and green methanol. -
Jan 03The company noted 820 new vessel orders totalling 62.2 million GT capable of running on alternative fuels last year. -
Jan 02EU-ETS compliance is adding 27.5% to VLSFO consumption costs on intra-EU voyages at the start of 2025, up from 15.7% at the end of last year.
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Jan 01But EU's regulation of shipping emissions is undoubtedly a step in the right direction, says Nina Porst, Executive Director at Danish Shipping. -
Dec 30Norway and Iceland will will be considered as third countries for the purposes of FuelEU Maritime.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 553.50 | 2.50 | 707.50 | 4.00 | 468.00 | 2.00 |
| Global 20 Ports Average | 587.00 | 4.50 | 770.50 | 3.00 | 502.50 | 1.50 |
| Global Average Bunker Price | 627.50 | 5.50 | 812.00 | 1.00 | 534.00 | 1.50 |
| Singapore | 565.00 | 3.00 | 703.00 | 8.50 | 480.50 | 4.00 |
| Rotterdam | 526.50 | 1.50 | 662.00 | 1.50 | 465.00 | 1.00 |
| Fujairah | 559.50 | 3.00 | 758.00 | 1.00 | 462.00 | 2.50 |
| Houston | 563.50 | 2.00 | 706.00 | 6.50 | 464.00 | 0.50 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 571.50 | 0.50 | - | 503.50 | 0.50 | |
| Hong Kong | 574.00 | 5.00 | 695.50 | 6.50 | 493.00 | 1.00 |
| Istanbul | 611.50 | 11.50 | 751.50 | 10.50 | 541.50 | 3.00 |
| LA / LB | 624.00 | 9.50 | 734.00 | 11.00 | 495.00 | 2.00 |
| Las Palmas |
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| Mumbai |
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| New York | 571.50 | 10.50 | 711.50 | 0.50 | 515.50 | 7.00 |
| Cristobal, Panama |
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| Piraeus | 615.50 | 3.00 | 741.50 | 3.50 | 473.00 | 1.00 |
| Santos | 502.00 | 7.00 | 725.00 | 1.00 | - | |
| Shanghai |
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| St Petersburg | 550.50 | 0.00 | 691.50 | 0.00 | 396.00 | 0.00 |
| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 587.00 | 4.50 | 770.50 | 3.00 |
| Global 4 Ports Average | 553.50 | 2.50 | 707.50 | 4.00 |
| Global Average Bunker Price | 627.50 | 5.50 | 812.00 | 1.00 |
| Singapore | 565.00 | 3.00 | 703.00 | 8.50 |
| Fujairah | 559.50 | 3.00 | 758.00 | 1.00 |
| Rotterdam | 526.50 | 1.50 | 662.00 | 1.50 |
| Houston | 563.50 | 2.00 | 706.00 | 6.50 |
Bunker Jobs
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Jan 03The company is looking for candidates with prior experience in the shipping or bunker industries and fluent English. -
Jan 03The new hire previously served as head of Middle East trading at Mercuria Energy Trading in Dubai. -
Jan 03The company is looking for candidates with two to five years of commodity trading experience, preferably working with fuel oil or gasoil. -
Jan 02The company is looking for candidates with experience as a bunker trader and a performance-driven track record. -
Jan 02The company is looking for candidates with at least one year of experience and a keen interest in the oil and commodities markets.
Popular Now More
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Jan 03The new hire previously served as head of Middle East trading at Mercuria Energy Trading in Dubai.
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Jan 02EU-ETS compliance is adding 27.5% to VLSFO consumption costs on intra-EU voyages at the start of 2025, up from 15.7% at the end of last year.
-
Jan 01Bunker costs set to rise as new rules take effect from January 1, 2025.
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Jan 03Petrocore Energy LLC-FZ provides physical bunker fuel supply services at Pakistan's major ports, Karachi and Bin Qasim, as well as back-to-back trading at the UAE's major ports. -
Jan 02Thomsen has been appointed to the role of general manager of BP Sinopec in Singapore as of this month. -
Jan 02Talks with the workers' representatives are still ongoing, but Maersk sees little signs of progress at present. -
Dec 30Norway and Iceland will will be considered as third countries for the purposes of FuelEU Maritime.