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Saudi Oil Exports Via Yanbu Increase Bunker Demand in Red Sea

Saudi Oil Exports Via Yanbu Increase Bunker Demand in Red Sea

The Red Sea is starting to see an increase in bunker enquiries, local supplier Red Sea Bunkering tells Ship & Bunker.
  1. 23Mar
    The plant is expected to produce 100,000 mt/year of e-methanol at the port of Gijon. Read in Full
  2. 23Mar
    CEO John Cooper says dual-fuel propulsion is increasingly seen as a hedge against volatility. Read in Full
  3. 23Mar
    The 24,000 TEU ship will operate on the Asia and Europe route. Read in Full
  4. 23Mar
    A report by the Global Maritime Forum highlights how IMO fund design could shape outcomes. Read in Full
  5. 23Mar
    Svitzer and the Port of Melbourne will assess the feasibility of deploying two electric tugboats. Read in Full
  6. 23Mar
    LPG remains a niche alternative bunker fuel for now, being used almost exclusively in gas carriers. Read in Full
  7. 20Mar
    Meanwhile, the IEA is reduced to citing mass transit as a buffer against oil price shock. Read in Full
  8. 20Mar
    The service connects crews with experts in real time to improve performance and compliance at sea. Read in Full
  9. 20Mar
    The vessel will use onboard hydrogen for both propulsion and auxiliary power. Read in Full
  10. 20Mar
    Synthesis Recruitment is looking for candidates for the role with at least five years of bunker trading experience. Read in Full
  11. 20Mar
    Verification allows Brittany Ferries to report actual methane emissions instead of default values under EU rules. Read in Full
  12. 20Mar
    The upgrades were carried out on two Hapag-Lloyd 14,000 TEU capacity container ships. Read in Full
  13. 20Mar
    A report from eFuel Alliance says alternative-fuel readiness is rising across the fleet, but fuel availability remains a concern. Read in Full
  14. 20Mar
    A study recommends redirecting LNG incentives to support low-carbon marine fuel supply chains. Read in Full
  15. 20Mar
    The fuel comprised around 10% jatropha-derived straight vegetable oil blended with conventional marine oil. Read in Full
  16. 20Mar
    The Whittier electrification project will allow cruise ships to switch off engines while in port. Read in Full
  17. 20Mar
    New study points to long-term cost advantage for ammonia, but current prices, safety concerns and policy delays remain hurdles. Read in Full
  18. 20Mar
    Five battery-electric ferries for Perth's Swan River are set to enter service from 2027. Read in Full

Middle East Conflict

  1. Saudi Oil Exports Via Yanbu Increase Bunker Demand in Red Sea
    Mar 20
    The Red Sea is starting to see an increase in bunker enquiries, local supplier Red Sea Bunkering tells Ship & Bunker.
  2. Members Urge IMO to Establish Safe Maritime Corridor in Gulf
    Mar 19
    Countries such as Bahrain and the UAE, both directly affected by Iranian attacks, have backed the proposal.
  3. 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.
  4. IMO Secretary-General: 20,000 Seafarers Stranded in Persian Gulf
    Mar 19
    IMO Secretary-General Arsenio Dominguez says shipping's resilience is being pushed to its limits by escalating geopolitical tensions.
  5. UKMTO Reports Vessel Attack Off Qatar
    Mar 19
    Iran has attacked Qatar's gas facilities in response to US-Israeli strikes on its own facilities yesterday.
  6. Middle East Bunkering Update
    Mar 19
    Most suppliers in Fujairah are quoting on a firm enquiry basis only as avails tighten amid ongoing disruptions, sources tell Ship & Bunker
  7. Crude Futures Surge as US and Israel Strike Energy Infrastructure in Iran
    Mar 18
    The US and Israel reportedly attacked the South Pars gas field in Iran - the world's largest - on Wednesday, causing a fire.
  8. 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.
  9. 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.
  10. 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.

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

Insights & Analysis More

  1. 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.
  2. 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.
  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. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

Decarbonisation, Alternative Marine Fuels and Power More

  1. HyFive Secures Offtake Term Sheet for Up to 50% of Spanish E-Methanol Plant
    Mar 23
    The plant is expected to produce 100,000 mt/year of e-methanol at the port of Gijon.
  2. CMA CGM Inducts Large LNG-Fuelled Boxship to Fleet
    Mar 23
    The 24,000 TEU ship will operate on the Asia and Europe route.
  3. Port of Melbourne Explores Electric Tug Deployment
    Mar 23
    Svitzer and the Port of Melbourne will assess the feasibility of deploying two electric tugboats.
  4. Dorian LPG Takes Delivery of Dual-Fuel Scrubber Fitted Vessel
    Mar 23
    LPG remains a niche alternative bunker fuel for now, being used almost exclusively in gas carriers.
  5. World's First Hydrogen-Powered Cruise Ship Set for Delivery in November
    Mar 20
    The vessel will use onboard hydrogen for both propulsion and auxiliary power.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 943.50 18.00 1560.00 11.00 839.00 34.50
Global 20 Ports Average 1053.00 4.50 1601.50 0.00 874.00 42.00
Global Average Bunker Price 1068.00 19.00 1532.00 7.00 825.50 20.50
Singapore 1015.50 54.50 1822.50 50.50 792.00 46.00
Rotterdam 847.50 32.00 1358.50 71.00 1065.00 25.00
Fujairah 1074.50 29.50 1744.50 53.00 805.00 53.50
Houston 836.50 20.00 1315.50 11.00 693.50 14.00
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 897.50 19.50 - 743.00 50.00
Hong Kong 1061.50 42.50 1592.00 41.00 849.50 62.50
Istanbul 966.00 5.00 1444.00 11.50 764.50 42.00
LA / LB 1247.00 114.00 1358.00 13.50 884.00 25.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 820.00 35.00 1453.00 100.00 720.00 45.00
Cristobal, Panama - login to view prices or
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Piraeus 923.50 17.00 1424.50 89.00 768.50 47.00
Santos 1095.00 5.00 1477.00 102.00 -
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