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ANALYSIS: Singapore April Bunker Sales Gain 3.9% on Year Despite Tariff Turmoil

ANALYSIS: Singapore April Bunker Sales Gain 3.9% on Year Despite Tariff Turmoil

If the year-to-date total were replicated over the rest of 2025, this year's total for Singapore would reach 52.1 million mt, down by 4.4% from 2024's record high.
  1. 16May
    However, analysts warn again of a supply glut and potentially lower demand. Read in Full
  2. 16May
    ZeroNorth and Veracity by DNV team up to streamline maritime emissions compliance. Read in Full
  3. 16May
    Vitol Bunkers has launched a barge-based physical supply operation in West Africa. Read in Full
  4. 16May
    This operation marked the 400th LNG bunkering operation for FueLNG. Read in Full
  5. 16May
    The company is looking for candidates either with previous bunker trading experience or a solid background in business or sales, as well as fluent English and Greek. Read in Full
  6. 16May
    Tigonic has begun supplying VLSFO and MGO by barge at Khor Fakkan. Read in Full
  7. 16May
    Hy2gen's Atlantis plant has become Germany's first facility certified to produce e-methane and green hydrogen under the EU's RFNBO rules. Read in Full
  8. 16May
    About 445 vessels arrived for bunkers in April in Gibraltar – the highest since November 2024. Read in Full
  9. 16May
    The new hire was previously a credit analyst for PMG Energies in Greece. Read in Full
  10. 16May
    The vessel will be used to safely transport liquified CO2 in Europe. Read in Full
  11. 16May
    Ship & Bunker's G20-VLSFO Index was little changed at $540/mt on Thursday, having reached its highest level since April 4 the previous day. Read in Full

MEPC 83 & IMO 2028

  1. LNG May Be Cheapest Option for IMO 2028 Compliance: Report
    Apr 30
    The report assesses the total daily operating costs for VLSFO, LNG, methanol, biodiesel, hydrogen and ammonia, factoring in IMO penalties, fuel prices, capital expenditure and retrofit costs.
  2. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  3. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 351.50 4.50 723.00 9.50 749.50 10.00
Rotterdam 275.50 29.00 566.50 60.00 587.00 62.50
Houston 299.50 2.00 616.50 4.00 639.00 4.00
Fujairah 216.00 0.50 444.50 1.00 460.50 0.50

Top Stories More

  1. ANALYSIS: Singapore April Bunker Sales Gain 3.9% on Year Despite Tariff Turmoil
    May 16
    If the year-to-date total were replicated over the rest of 2025, this year's total for Singapore would reach 52.1 million mt, down by 4.4% from 2024's record high.
  2. Vitol and Grindrod Agree to 'Orderly Wind-Down' of Bunker Trader Cockett
    May 13
    The firm will no longer take on new business after more than 45 years in bunkering.
  3. President Trump Calls End to Red Sea Crisis
    May 07
    "They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said.
  4. INTERVIEW: How to Navigate the Bunker Job Market in a Downturn
    May 06
    Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices.
  5. Potential Shell Acquisition of BP Would Unite Two of Singapore's Largest Bunker Suppliers
    May 05
    BP was listed by the MPA as being in the top ten of its licensed bunker suppliers by volume in 2024, and came in at seventh place in 2023 and sixth in 2022.

Insights & Analysis More

  1. ANALYSIS: Singapore April Bunker Sales Gain 3.9% on Year Despite Tariff Turmoil
    May 16
    If the year-to-date total were replicated over the rest of 2025, this year's total for Singapore would reach 52.1 million mt, down by 4.4% from 2024's record high.
  2. INTERVIEW: How to Navigate the Bunker Job Market in a Downturn
    May 06
    Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices.
  3. VPS: Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?
    Apr 24
    Steve Bee of VPS discusses the potential for cashew nut shell liquid to be used as a biofuel component in bunker blends.
  4. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  5. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.
  6. 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.

Yemen & Red Sea Attacks

  1. Suez Canal Offers 15% Rebate to Lure Back Boxships Amid Red Sea Calm
    May 13
    The Suez Canal Authority has announced a 15% rebate on transit dues for container ships of 130,000 tonnes or more.
  2. Freight Rates at Risk if Container Lines Switch to Red Sea Route: Xeneta
    May 09
    Xeneta says a full return of container ships to the Red Sea following a US-Houthi ceasefire could trigger a global collapse in freight rates.
  3. CMA CGM Keen to Make Full Return to Suez Canal Transits
    May 08
    Executives from CMA CGM and the Suez Canal Authority held talks this week to explore a full return to Suez Canal transits.
  4. Red Sea Comeback Uncertain Despite US Assurance
    May 08
    Houthis claim they have carried out strikes at various warships in the Red Sea, including a US aircraft carrier.
  5. President Trump Calls End to Red Sea Crisis
    May 07
    "They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Bureau Veritas Urges Global Safety Standards for Electrification
    May 15
    A report states that fragmented safety regulations are holding back the widespread adoption of battery and shore power systems.
  2. Cavotec Wins Shore Power Order Worth $9 Million from Container Firm
    May 13
    The firm will supply power systems for a new container vessel.
  3. South Korea Aims to Build World's Largest Hydrogen Carrier by 2027
    May 13
    The South Korean government plans to invest $40.5 million this year to develop the demonstration vessel.
  4. Statkraft Scales Down Hydrogen Plans Amid Market Uncertainty
    May 12
    The Norwegian firm has decided to stop development of green hydrogen products amid market uncertainty.
  5. DeepOcean Takes Delivery of Remote-Controlled Vessel
    May 08
    The vessel can be remotely operated for up to 30 days without recharging or refuelling.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 496.00 3.00 647.00 1.50 423.00 0.50
Global 20 Ports Average 539.00 1.00 720.00 3.00 469.00 0.00
Global Average Bunker Price 572.50 2.00 765.00 3.00 482.50 0.50
Singapore 523.50 6.50 613.00 6.00 443.50 4.00
Rotterdam 472.50 2.50 630.50 4.50 424.50 1.00
Fujairah 520.00 13.00 724.00 10.50 426.00 2.50
Houston 468.00 2.50 619.50 4.50 398.00 0.00
Busan - login to view prices or
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Durban - login to view prices or
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Gibraltar 531.00 0.00 - 478.00 3.50
Hong Kong 530.50 10.50 622.50 12.00 463.00 2.00
Istanbul 633.00 0.50 732.00 7.00 544.00 0.50
LA / LB 558.50 3.00 679.00 6.50 462.50 4.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 494.50 3.00 681.50 6.00 424.50 2.00
Cristobal, Panama - login to view prices or
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Piraeus 562.00 2.50 700.00 8.50 460.50 4.50
Santos 507.00 1.00 762.50 0.00 -
Shanghai - login to view prices or
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St Petersburg 527.50 5.00 715.00 0.00 413.00 0.00
Tokyo - login to view prices or
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