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Viewpoint: The Hidden Cost of Buying Bunkers by the Ton

Viewpoint: The Hidden Cost of Buying Bunkers by the Ton

Ships do not run on tons of fuel. They run on energy, writes Fuelsure.
  1. 18Mar
    CEO Liz Westcott says demand is still expected from shipping, power generation and hydrogen carrier applications. Read in Full
  2. 18Mar
    The Indian port is inviting industry participation as it looks to develop methanol bunkering capability. Read in Full
  3. 18Mar
    One of the partners, Sumitomo, received a government grant last year to advance ammonia bunkering in Singapore. Read in Full
  4. 18Mar
    The vessels are equipped with dual-fuel engines capable of operating on both LNG and conventional marine fuels. Read in Full
  5. 18Mar
    The newest addition to the fleet is a dual-fuel methanol vessel with a capacity of 15,000 TEU. Read in Full
  6. 18Mar
    The online session on March 26 will explore how global tensions are affecting shipping, trade and bunker markets. Read in Full
  7. 17Mar
    Meanwhile, others warn that high oil prices are contributing to a K-shaped economy. Read in Full
  8. 17Mar
    Zhoushan saw 120,000 mt of marine biofuel blends bunkered in 2025, making up 80% of the country's volume. Read in Full
  9. 17Mar
    The project will see a monitoring system deployed on an electric hydrogen-powered vessel to support safer operations. Read in Full
  10. 17Mar
    Maersk says it is redistributing bunker supply across its network to safeguard operational stability. Read in Full
  11. 17Mar
    HSFO bunker sales in Panama grew by 5.7% on the year in February. Read in Full
  12. 17Mar
    The Swedish firm says the system offers fast charging and reliable performance. Read in Full
  13. 17Mar
    IEA Executive Director Fatih Birol says even with a Hormuz shipping restart, global energy trade will take time to recover. Read in Full
  14. 17Mar
    Clarksons Research says around 1,100 ships, including 250 oil tankers, are currently stuck in the Gulf. Read in Full
  15. 17Mar
    A kite-based wind propulsion system deploys a large parafoil kite from the bow of the vessel. Read in Full
  16. 17Mar
    The vessel has reported minor damage following an attack last night. Read in Full
  17. 17Mar
    At Suzun Marine Fuels, we have chosen a path that may seem unusual for a supplier. We have limited the number of bunker traders we work with to a maximum of ten. Read in Full
  18. 16Mar
    Some analysts confidently predict an end to spiked oil prices. Read in Full

Middle East Conflict

  1. Maersk Adjusts Bunker Supply as Gulf Disruption Hits Fuel Flows
    Mar 17
    Maersk says it is redistributing bunker supply across its network to safeguard operational stability.
  2. IEA Executive Director Says More Oil Releases Possible If Disruptions Continue
    Mar 17
    IEA Executive Director Fatih Birol says even with a Hormuz shipping restart, global energy trade will take time to recover.
  3. Hormuz Transits Down 95% as Middle East Conflict Disrupts Shipping
    Mar 17
    Clarksons Research says around 1,100 ships, including 250 oil tankers, are currently stuck in the Gulf.
  4. UKMTO Reports Overnight Tanker Attack Off Fujairah
    Mar 17
    The vessel has reported minor damage following an attack last night.
  5. 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.
  6. 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.
  7. IMO to Discuss Middle East Shipping Impact at Extraordinary Meeting Next Week
    Mar 13
    The extraordinary session of the council will take place on March 18-19 in London.
  8. 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.
  9. 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.
  10. Salalah Bunkering Suspended After Drone Attack
    Mar 12
    Drones hit fuel storage tanks at the Port of Salalah on Wednesday afternoon.

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 466.00 99.00 958.50 203.00 993.50 210.50
Rotterdam 303.50 13.00 624.50 27.00 647.50 28.00
Houston 372.50 10.50 766.50 22.00 794.50 23.00
Fujairah 290.50 32.00 597.50 66.00 619.50 68.50

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. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Insights & Analysis More

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. We See No Evidence of Alt Fuel Engine Orders Switching to Conventional Bunkers: WinGD
    Mar 09
    It has previously been suggested the IMO NZF delay had ship owners shifting back to oil bunkers.
  9. Singapore Bunker Market Increasingly Under Stress as Middle East Fallout Spreads
    Mar 06
    Singapore trading sources describe a market fraught with tension, concerned over what appears to be an imminent shortage of supplies for this market.
  10. S&B Poll Result: High Competition in Key Ports Seen as Biggest Threat to Bunker Margins
    Mar 06
    Ship & Bunker readers say intense competition in major bunkering hubs is the main factor expected to pressure margins this year.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Mumbai Port Explores Methanol Supply as Marine Fuel
    Mar 18
    The Indian port is inviting industry participation as it looks to develop methanol bunkering capability.
  2. Orlen Adds Two LNG Carriers to Fleet
    Mar 18
    The vessels are equipped with dual-fuel engines capable of operating on both LNG and conventional marine fuels.
  3. IMO Begins Work on Safety Guidelines for Onboard Battery Energy Storage
    Mar 16
    The move is part of IMO's wider efforts to support new technologies in shipping.
  4. Ineratec Unveils Containerised E-Fuels Production Unit
    Mar 16
    The containerised e-fuels production unit can be deployed quickly in diverse locations.
  5. South Korea Passes Bill to Accelerate Green Shipping Corridors
    Mar 16
    The bill requires the Minister of Oceans and Fisheries to develop a five-year master plan for green shipping corridors.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 919.50 22.00 1462.50 11.00 745.50 29.50
Global 20 Ports Average 1017.00 19.50 1493.50 27.50 847.50 24.00
Global Average Bunker Price 1015.00 3.50 1445.50 26.00 782.50 6.50
Singapore 1076.50 43.00 1807.00 58.50 789.00 62.00
Rotterdam 764.00 8.50 1179.00 4.50 717.50 7.50
Fujairah 1060.50 24.50 1651.50 2.00 838.50 29.50
Houston 778.00 10.50 1212.00 11.00 636.50 19.00
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 832.50 41.50 - 783.00 2.50
Hong Kong 1100.00 34.00 1514.00 95.00 864.00 105.50
Istanbul 917.50 2.50 1303.50 6.50 775.00 17.50
LA / LB 1101.50 10.00 1271.50 2.00 887.00 24.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 741.00 30.00 1258.50 38.50 632.00 38.00
Cristobal, Panama - login to view prices or
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Piraeus 849.00 11.50 1283.00 1.00 768.00 8.50
Santos 1193.00 11.00 1745.00 30.00 -
Shanghai - login to view prices or
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