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ANALYSIS: VLSFO Prices Forecast to Drop to Levels Not Seen Since Covid-19 Era

ANALYSIS: VLSFO Prices Forecast to Drop to Levels Not Seen Since Covid-19 Era

Ship & Bunker's latest forecast shows bunker prices falling through the end of 2026, with VLSFO averaging $547/mt in 2025 and holding below $500/mt next year.
  1. 25Jul
    An ammonia-fuelled tugboat was bunkered with green ammonia for the first time. Read in Full
  2. 25Jul
    Marshall Islands-based shipping company Lym Holdings filed a winding-up application against Delta Corp Shipping Pte Ltd in Singapore's High Court on July 10. Read in Full
  3. 25Jul
    The firm's bulker the Asian Progress was bunkered with about 300 mt of a B24 FAME blend in Singapore on Thursday. Read in Full
  4. 25Jul
    Paul Jrs. Rios Meza has joined the company as a marine fuel and lubricants trader in Dubai as of last month.Paul Jrs. Rios Meza has joined the company as a marine fuel and lubricants trader in Dubai as of last month Read in Full
  5. 25Jul
    The company is looking for candidates with at least 10 years of proven experience in trading and commercial operations. Read in Full
  6. 25Jul
    The UK has awarded £30m to projects advancing alternative marine fuels and wind propulsion in shipping. Read in Full
  7. 25Jul
    The new global embedded finance program will use 129Knots's origination-to-distribution platform to allow eligible borrowers across the global marine fuel sector to access working capital financing lines. Read in Full
  8. 25Jul
    Global VLSFO prices broke an almost two-week losing streak on Thursday. Read in Full
  9. 25Jul
    The vessel will operate in the Great Lakes region in Canada. Read in Full
  10. 25Jul
    NYK Line has begun using bio-LNG continuously to power its car carrier fleet. Read in Full
  11. 25Jul
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 17 – July 23, 2025. Read in Full

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 351.50 4.50 723.50 9.00 749.50 9.50
Rotterdam 289.00 29.00 594.50 59.50 616.50 61.50
Houston 303.00 2.00 623.50 4.50 646.00 4.00
Fujairah 227.50 5.00 468.00 10.50 485.00 11.00

Top Stories More

  1. INTERVIEW: New Alliance Seeks to Crack Down on ARA Quantity Disputes
    Jul 24
    The new Bunkering Services Initiative is seeking to establish a gold standard for ARA marine fuel supply, one of its founders tells Ship & Bunker.
  2. INTERVIEW: KPI OceanConnect Remains Optimistic Despite 'Market in Flux'
    Jul 17
    CEO Dorthe Bendtsen sees a return to stronger profitability 'in the near future', she tells Ship & Bunker.
  3. INTERVIEW: Bunker Holding Makes Progress in Acquisition Plans
    Jul 01
    The firm made an offer on a rival bunker company earlier this year, has been presented with a counter-offer and is now considering it, CEO Keld Demant tells Ship & Bunker.
  4. Bunker Holding Hires Head of New Global Supply Organisation
    Jun 26
    Mikkel Kannegaard has joined Bunker Holding as head of its newly established global supply organisation as of this month.

Insights & Analysis More

  1. INTERVIEW: New Alliance Seeks to Crack Down on ARA Quantity Disputes
    Jul 24
    The new Bunkering Services Initiative is seeking to establish a gold standard for ARA marine fuel supply, one of its founders tells Ship & Bunker.
  2. VIEWPOINT: Why Good Bunker Traders Sometimes Leave to Join a Competitor
    Jul 23
    Vernon Jayanathan of Maritime Recruitment Company Ltd discusses the various factors behind bunker traders jumping ship.
  3. VPS: How Stable is Your Marine Fuel?
    Jul 22
    VPS's Steve Bee discusses potential stability problems in residual fuels, distillates and biofuel blends.
  4. INTERVIEW: KPI OceanConnect Remains Optimistic Despite 'Market in Flux'
    Jul 17
    CEO Dorthe Bendtsen sees a return to stronger profitability 'in the near future', she tells Ship & Bunker.
  5. HSFO Demand Lifts Rotterdam Q2 Bunker Sales as VLSFO Shrinks
    Jul 16
    Rotterdam's bunker sales grew marginally in Q2.
  6. ANALYSIS: Singapore Bunker Sales Drop in 1H 2025 on Lower VLSFO Demand
    Jul 15
    About 26.73 million mt of bunker fuel was sold in the first half of 2025, down by 0.9% from last year.
  7. Panama Bunker Sales Fall for Third Consecutive Month in June
    Jul 14
    About 431,147 mt of bunker fuels were supplied in Panama in June, down by 4.9% from the previous month.
  8. VIEWPOINT: Long Non-Compete Clauses Unfairly Victimise Older Employees
    Jul 09
    Vernon Jayanathan of Maritime Recruitment Company Ltd discusses the use of non-compete clauses in the bunker trader job market.
  9. VPS: A Stack of Reasons for Continuous Emissions Monitors in Shipping
    Jul 08
    Chris Briggs of VPS Emsys discusses the growing need for continuous emissions monitoring systems in the shipping industry.
  10. INTERVIEW: Bunker Holding Makes Progress in Acquisition Plans
    Jul 01
    The firm made an offer on a rival bunker company earlier this year, has been presented with a counter-offer and is now considering it, CEO Keld Demant tells Ship & Bunker.

Yemen & Red Sea Attacks

  1. UKMTO Reports Suspicious Approach in Red Sea
    Jul 24
    The ship was approached north-west of Al Mukha in Yemen at about 2 AM UTC on Thursday.
  2. Houthi Strikes Lead to Second Ship Sinking in Red Sea This Week
    Jul 10
    15 crew members are missing from the bulk carrier, with some reportedly being kidnapped by the Houthis.
  3. IMO Chief Urges Dialogue as Red Sea Attacks Reignite After Lull
    Jul 09
    Arsenio Dominguez calls for intensified diplomatic efforts after strikes on Magic Seas and Eternity C mark the first Red Sea attacks since October.
  4. Houthis Claim Attacked Bulk Carrier Has Sunk in Red Sea
    Jul 08
    Houthis say they will continue to attack ships with any links to Israel.
  5. UK Reports New Ship Attack in Red Sea
    Jul 07
    The ship came under attack 51 nautical miles west of Al Hudaydah at 4:34 PM UTC on Monday.

Decarbonisation and Alternative Marine Fuels & Power More

  1. China's Dalian Port Hosts World's First Green Ammonia Bunkering
    Jul 25
    An ammonia-fuelled tugboat was bunkered with green ammonia for the first time.
  2. UK Allocates Another £30 Million for Shipping Decarbonisation Projects
    Jul 25
    The UK has awarded £30m to projects advancing alternative marine fuels and wind propulsion in shipping.
  3. Holland Shipyards Delivers Diesel-Electric Cement Carrier
    Jul 25
    The vessel will operate in the Great Lakes region in Canada.
  4. NYK Starts Regular Use of Bio-LNG to Power Car Carriers
    Jul 25
    NYK Line has begun using bio-LNG continuously to power its car carrier fleet.
  5. Taiwan's Yang Ming Adds Three Methanol-Ready Ships to Orderbook
    Jul 24
    The latest orders are part of the firm's fleet optimisation plan.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 508.50 1.00 715.50 1.00 427.50 1.50
Global 20 Ports Average 548.50 1.50 773.00 2.00 467.00 5.00
Global Average Bunker Price 583.50 0.50 820.00 0.50 482.00 2.50
Singapore 517.00 2.00 690.00 0.50 418.00 2.00
Rotterdam 510.00 3.50 725.00 3.50 447.00 2.50
Fujairah 509.00 1.50 743.50 1.00 402.00 1.00
Houston 499.00 2.00 703.00 10.50 444.00 1.50
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 538.00 3.50 - 494.00 2.50
Hong Kong 527.50 3.00 684.00 0.50 436.50 2.00
Istanbul 671.50 0.50 830.00 1.50 564.50 1.00
LA / LB 567.50 5.00 823.00 11.00 451.50 1.50
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 3.50 768.50 0.00 474.00 9.50
Cristobal, Panama - login to view prices or
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Piraeus 614.00 1.00 810.50 8.00 480.50 4.00
Santos 519.00 3.00 770.50 2.00 -
Shanghai - login to view prices or
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St Petersburg - login to view prices or
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