Latest News Read All News

Singapore Court Orders Winding Up of Bunker Firm Costank

Singapore Court Orders Winding Up of Bunker Firm Costank

Costank ranked as the port's 16th largest bunker supplier by volume in 2018.
  1. 30Mar
    Titan will provide mass-balanced e-methane, sourced from TURN2X, starting in 2028. Read in Full
  2. 30Mar
    They argue the net-zero framework should not penalise transitional fuels such as LNG and marine biofuels. Read in Full
  3. 30Mar
    The bio-LNG was transported to Sweden for use by vessels operated by ferry firm Destination Gotland. Read in Full
  4. 30Mar
    The company is looking for candidates with 5-10 years of experience in bunkering and marine fuel trading. Read in Full
  5. 30Mar
    The US maritime department says ships linked to the US, Israel and the UK are more vulnerable. Read in Full
  6. 30Mar
    The company is now offering DMA gasoil grade with a maximum density of 0.89 via trucks. Read in Full
  7. 30Mar
    The hydrogen-fuelled engine will be delivered for installation on a multi-purpose vessel next year. Read in Full
  8. 30Mar
    Salalah terminal operations have been paused for 48 hours following the drone attack. Read in Full
  9. 27Mar
    Meanwhile, Russia profits big-time from $100-plus crude. Read in Full
  10. 27Mar
    T&E says electrification, slow steaming and use of wind propulsion could reduce exposure to bunker price shocks to some extent. Read in Full
  11. 27Mar
    The company says bio-LNG's share of LNG usage jumped to 71% in 2025 from 31% a year earlier. Read in Full
  12. 27Mar
    The proposed facility aims to produce 38-42 mt/day of methanol. Read in Full
  13. 27Mar
    The authorities allege that about 750 mt of bunker fuel was transferred in a ship-to-ship operation. Read in Full
  14. 27Mar
    A UCL-led study finds shipping banks face limited short-term risk but growing long-term exposure from climate transition pressures. Read in Full
  15. 27Mar
    Japan calls for changes to the Net-Zero Fund mechanism, aiming to shift compliance from payments to market-based trading. Read in Full
  16. 27Mar
    The system is designed to allow LNG ships to generate hydrogen onboard. Read in Full
  17. 27Mar
    Norsepower says more shipowners are turning to wind propulsion systems for practical ways to reduce bunker consumption. Read in Full
  18. 27Mar
    They plan to establish a bunkering facility at Brevik to support Heidelberg's methanol-fuelled cement carrier in 2028. Read in Full

Middle East Conflict

  1. Maersk Temporarily Suspends Salalah Operations After Drone Attack
    Mar 30
    Salalah terminal operations have been paused for 48 hours following the drone attack.
  2. Iran War Adds €340 Million/Day to Shipping's Bunker Bill, Says T&E
    Mar 27
    T&E says electrification, slow steaming and use of wind propulsion could reduce exposure to bunker price shocks to some extent.
  3. Asia Bunkering Update
    Mar 27
    Sources tell Ship & Bunker that prompt availability remains tight in Singapore, and fuel oil imports from Russia and Brazil have offset the Middle East loss.
  4. Cosco Resumes Shipment Bookings for Gulf Countries
    Mar 25
    Chinese shipping firm restarts Far East shipments to key Gulf countries, but warns conditions remain uncertain.
  5. Saudi Arabia Temporarily Halts Maritime License Requirements Amid Gulf Crisis
    Mar 24
    The measure will apply for an initial 30-day period, with the option to extend if needed.
  6. Large US Gulf Refinery Shuts Down Unit After Explosion: Report
    Mar 24
    The refinery is a significant source of VLSFO, as well as other marine fuel grades, for the US Gulf bunker market.
  7. Port of Helsingborg Adds Emergency Energy Surcharge Amid Fuel Price Surges
    Mar 24
    The Swedish port will impose a variable surcharge from April as rising HVO biofuel costs linked to Middle East disruptions push up operating expenses.
  8. Only 10 Tankers Transited Hormuz Strait Over the Past Week
    Mar 24
    Clarksons Research says about 250 tankers typically transited the Strait of Hormuz each week before the war broke out.
  9. Crude Futures Climb Again After Iran Denies Talks With the US
    Mar 24
    Iranian Parliament Speaker says no negotiations have been held with the US.
  10. Crude Futures Sink as President Trump Reports 'Productive' Talks With Iran
    Mar 23
    US President Donald Trump ordered a five-day postponement of any strikes against Iranian energy infrastructure in a social media post on Monday.

Bunker Demand in Key Markets

In the third quarter of 2025 bunker bemand at key marine fuel hubs advanced 4.3% on a yearly basis, according to the latest market survey of bunker sales volumes in 17 leading global locations.

Bunker Price Forecast - Q1 2026

Quarterly and full year bunker price forcast for 2026 and 2027. Includes forecasts for global average prices, and at the key ports of Singapore, Rotterdam, Fujairah and Houston.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 545.50 79.50 1122.50 164.00 1163.50 170.00
Rotterdam 292.00 11.50 600.50 24.00 622.50 25.00
Houston 397.50 25.00 818.00 51.50 848.00 53.50
Fujairah 339.00 48.50 697.00 99.50 722.50 103.00

Compliance Costs Calculator

Planning for the future? Ship & Bunker has developed a calculator to help shipping companies and other maritime stakeholders estimate the compliance costs for EU ETS, FuelEU Maritime, and IMO 20208 / NZF regulations for their chosen energy mix for the years 2028-2035.

Top Stories More

  1. INTERVIEW: Tideform Relaunches AI-Backed Platform With 30 Million Mt/Year of Bunker Data
    Mar 24
    CEO Kenneth Juhls discusses plans for the relaunched Tideform platform in an interview with Ship & Bunker.
  2. Hubs Away From Middle East See Significant Rise in Bunker Operations: Spotbarge
    Mar 19
    Analysis from Spotbarge and local market sources reveal significant gains in bunker demand in the wake of the worsening Middle East conflict.
  3. Viewpoint: The Hidden Cost of Buying Bunkers by the Ton
    Mar 18
    Ships do not run on tons of fuel. They run on energy, writes Fuelsure.
  4. Oil Loading Suspended at Fujairah After New Drone Attack
    Mar 16
    No casualties were reported after the latest attack on Monday morning, following another incident on Saturday.
  5. Bunkering Continues at Fujairah Despite Fire After New Attack
    Mar 14
    Bunker operations have continued throughout the day Saturday, but new operations overnight are unlikely, a local source tells Ship & Bunker.

Insights & Analysis More

  1. INTERVIEW: Tideform Relaunches AI-Backed Platform With 30 Million Mt/Year of Bunker Data
    Mar 24
    CEO Kenneth Juhls discusses plans for the relaunched Tideform platform in an interview with Ship & Bunker.
  2. Hubs Away From Middle East See Significant Rise in Bunker Operations: Spotbarge
    Mar 19
    Analysis from Spotbarge and local market sources reveal significant gains in bunker demand in the wake of the worsening Middle East conflict.
  3. FEATURED VIDEO: Moeve & NYK Trading Discuss their Joint Journey with Second-Generation Biofuels
    Mar 18
    Moeve's Samir Fernández talks to Shinji Umehara, President of NYK Trading.
  4. Viewpoint: The Hidden Cost of Buying Bunkers by the Ton
    Mar 18
    Ships do not run on tons of fuel. They run on energy, writes Fuelsure.
  5. ANALYSIS: Singapore February Bunker Sales Up 12% Year-on-Year
    Mar 16
    February's total conventional and biofuel blend sales were still the lowest since June 2025.
  6. Half of the World's Bunker Fuel Still Sold by Just 10 Companies
    Mar 13
    The top ten global bunkering firms handled about half of global bunker demand in 2025.
  7. New Oil Forecast Implies Global VLSFO to Average Over $700/Mt in Q2
    Mar 12
    With the EIA now forecasting Brent to average $90.56/bl in Q2, global VLSFO prices are likely to hold over $700/mt in April-June.
  8. VIEWPOINT: Could a Relaxation of Bunker Sulfur Caps Help Ease Oil-Market Pressures?
    Mar 12
    Regulators may be tempted to waive sulfur caps for shipping to free up middle distillates for use elsewhere, but the idea would face significant barriers.
  9. Port of Rotterdam Sees Collaboration as Key to Higher Standards as MFM Mandate Launches
    Mar 11
    The port authority welcomes the standards set by the recently-launched Bunkering Services Initiative, a spokesperson tells Ship & Bunker.
  10. INTERVIEW: WinGD Sees Ethanol as Low-Cost Energy Transition "Game-Changer" for Shipping
    Mar 11
    Ship & Bunker talks to WinGD's Andrea Lazzaro for an engine manufacturer's perspective on the alternative fuels landscape in 2026.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Titan Signs E-Methane Offtake Deal with Producer TURN2X
    Mar 30
    Titan will provide mass-balanced e-methane, sourced from TURN2X, starting in 2028.
  2. Avenir and Anew Climate Execute First Joint Bio-LNG Bunkering in Europe
    Mar 30
    The bio-LNG was transported to Sweden for use by vessels operated by ferry firm Destination Gotland.
  3. Japanese Firms Advance Hydrogen-Fuelled Engine for Large Ships
    Mar 30
    The hydrogen-fuelled engine will be delivered for installation on a multi-purpose vessel next year.
  4. UECC Sees Sharp Drop in CO2 Emissions on Bio-LNG Use
    Mar 27
    The company says bio-LNG's share of LNG usage jumped to 71% in 2025 from 31% a year earlier.
  5. Shipping Banks Face Hidden Systemic Risk from Energy Transition: UCL Study
    Mar 27
    A UCL-led study finds shipping banks face limited short-term risk but growing long-term exposure from climate transition pressures.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 828.50 11.50 1500.00 12.00 687.00 6.50
Global 20 Ports Average 940.50 1.00 1601.00 20.50 787.00 1.00
Global Average Bunker Price 951.50 8.00 1507.00 25.50 769.00 2.00
Singapore 834.00 4.50 1728.50 55.00 707.00 34.00
Rotterdam 746.00 9.00 1285.50 45.50 693.00 3.00
Fujairah 866.00 5.50 1710.00 89.00 709.00 15.00
Houston 868.00 36.50 1275.00 37.00 639.00 20.50
Busan - login to view prices or
subscribe from just $59 -
Colombo - login to view prices or
subscribe from just $59 -
Durban - login to view prices or
subscribe from just $59 -
Gibraltar 785.50 10.50 - 737.50 17.00
Hong Kong 928.00 10.50 1497.50 7.50 775.50 12.50
Istanbul 981.00 1.50 1462.00 54.50 817.50 7.00
LA / LB 1060.00 64.50 1468.50 12.00 847.50 2.50
Las Palmas - login to view prices or
subscribe from just $59 -
Mumbai - login to view prices or
subscribe from just $59 -
New York 825.50 46.00 1431.50 85.50 683.00 31.00
Cristobal, Panama - login to view prices or
subscribe from just $59 -
Piraeus 878.00 27.50 1493.00 116.00 759.00 7.50
Santos 842.00 24.00 1490.00 136.00 -
Shanghai - login to view prices or
subscribe from just $59 -
St Petersburg - login to view prices or
subscribe from just $59 -
Tokyo - login to view prices or
subscribe from just $59 -