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IBIA CONVENTION 2025: South Korea MFM Mandate Could Come as Soon as 2027

IBIA CONVENTION 2025: South Korea MFM Mandate Could Come as Soon as 2027

The government is understood to be preparing to set up the new rule, and has already distributed some funds to barge owners to subsidise the investment.
  1. 21Nov
    Rondal says the wind-propulsion system is now ready for use on yachts. Read in Full
  2. 21Nov
    443 bunker calls were recorded in October, up from 400 a year ago. Read in Full
  3. 21Nov
    Norden's CEO, Jan Rindbo, says the firm has tripled its biofuel use this year. Read in Full
  4. 21Nov
    This milestone comes more than five decades after the company delivered its first ship in 1974. Read in Full
  5. 21Nov
    Some speakers at the IBIA Annual Convention view suppliers holding the upper hand during LNG bunkering. Read in Full
  6. 20Nov
    Meanwhile, India makes good on its vow to stop buying Russian oil. Read in Full
  7. 20Nov
    Two more LNG-fuelled ships are expected to join the firm's fleet in the next two years. Read in Full
  8. 20Nov
    The 750 m3 lubricant supply barge has been time chartered from Tristar Group. Read in Full
  9. 20Nov
    Zero-emission ships calling at Oslo port will be fully exempted from charges from 2026. Read in Full
  10. 20Nov
    The order adds to Aasen Shipping's six-vessel series using Wartsila's hybrid technology. Read in Full

IBIA Convention 2025

  1. IBIA CONVENTION 2025: Fewer LNG Bunker Ports Mean Buyer Has Less Leverage
    Nov 21
    Some speakers at the IBIA Annual Convention view suppliers holding the upper hand during LNG bunkering.
  2. IBIA CONVENTION 2025: LNG, Biofuel and Carbon Capture Are Shipping's Low-Hanging Fruit
    Nov 20
    Despite the hype around ammonia and methanol, some speakers at the IBIA Annual Convention see LNG, biofuel and carbon capture as the most accessible options.
  3. IBIA CONVENTION 2025: China Seen Taking Centre Stage in Green Bunkers Production
    Nov 20
    China's expanding renewable power capacity is strengthening its position in future green bunker supply.
  4. IBIA CONVENTION 2025: South Korea to Get More Biofuel Volume for Bunkering Next Year
    Nov 20
    South Korea may see more biofuel volume available for bunkering next year, with some new players looking to enter the space.
  5. IBIA CONVENTION 2025: Hong Kong to Mandate MFMs for Methanol Bunker Deliveries
    Nov 20
    All barges engaged in methanol bunkering will be required to use mass flow meters, according to a government official.
  6. IBIA CONVENTION 2025: South Korea MFM Mandate Could Come as Soon as 2027
    Nov 20
    The government is understood to be preparing to set up the new rule, and has already distributed some funds to barge owners to subsidise the investment.
  7. IBIA CONVENTION 2025: Whatever Green Bunker Fuel the Market Needs, Hong Kong Will Offer Them
    Nov 20
    A Hong Kong government official says the city will remain open to any alternative bunker fuel the market demands as it seeks to build flexibility.
  8. IBIA CONVENTION 2025: China Unlikely to Rush Biofuel Blending Rule Changes Amid Weak Demand
    Nov 19
    China appears in no hurry to loosen marine biofuel blending rules, with demand trailing far behind conventional fuels.
  9. IBIA CONVENTION 2025: Road Sector Dominance Seen Limiting Shipping's Influence on Biofuel
    Nov 19
    DNV sees marine biofuels accounting for just 0.6% of total biofuel consumption in 2023.
  10. IBIA CONVENTION 2025: Industry Sees Little Cause for IMO Optimism
    Nov 19
    The shipping and bunkering industries are engaged in soul-searching over what can be salvaged from global decarbonisation efforts after last month's decision to delay.

Bunker Price Forecast - Q4 2025

Quarterly and full year bunker price forcast for 2025 and 2026. Includes forecasts for global average prices, and at the key ports of Singapore, Rotterdam, Fujairah and Houston.

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Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 338.00 4.50 695.50 9.50 721.00 9.50
Rotterdam 284.50 1.00 585.50 2.00 607.00 2.00
Houston 314.50 3.00 647.00 6.00 670.50 6.50
Fujairah 190.00 18.00 391.00 37.00 405.00 38.50

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.

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IMO 2050

  1. IBIA CONVENTION 2025: Industry Sees Little Cause for IMO Optimism
    Nov 19
    The shipping and bunkering industries are engaged in soul-searching over what can be salvaged from global decarbonisation efforts after last month's decision to delay.

Top Stories More

  1. IBIA CONVENTION 2025: South Korea MFM Mandate Could Come as Soon as 2027
    Nov 20
    The government is understood to be preparing to set up the new rule, and has already distributed some funds to barge owners to subsidise the investment.
  2. IBIA CONVENTION 2025: Industry Sees Little Cause for IMO Optimism
    Nov 19
    The shipping and bunkering industries are engaged in soul-searching over what can be salvaged from global decarbonisation efforts after last month's decision to delay.
  3. Bunker Industry Stakeholders Voice Strong Opposition to Adoption of IMO Net-Zero Framework
    Nov 07
    NSI recently surveyed its maritime-industry clients for their views on the IMO's proposed framework .
  4. INTERVIEW: AuctionConnect Signs Five-Year Bunkering Deal With X-Press Feeders
    Nov 06
    New AuctionConnect CEO Kenneth Juhls discusses a deal bringing in about 300,000-500,000 mt/year of marine fuels volumes to the platform.
  5. INTERVIEW: New Quadrise CEO Seeks to Expand Emulsion Fuel Trials
    Oct 31
    Quadrise CEO Peter Borup and CTO Jason Miles discuss the prospects for emulsion fuels to take a share of marine energy demand.

Insights & Analysis More

  1. IBIA CONVENTION 2025: Industry Sees Little Cause for IMO Optimism
    Nov 19
    The shipping and bunkering industries are engaged in soul-searching over what can be salvaged from global decarbonisation efforts after last month's decision to delay.
  2. ANALYSIS: Singapore October Bunker Sales Dropped 1.5% Year-on-Year
    Nov 14
    Despite a rise in bunker calls, Singapore bunker sales were lower on the year in October.
  3. Chimbusco Pan Nation Sees Hong Kong Biofuel Bunker Demand Potentially Doubling by 2031
    Nov 06
    The firm expects Hong Kong's demand for biofuel bunker blends to grow by 1.5-2 times over the next five years, its director tells Ship & Bunker.
  4. INTERVIEW: AuctionConnect Signs Five-Year Bunkering Deal With X-Press Feeders
    Nov 06
    New AuctionConnect CEO Kenneth Juhls discusses a deal bringing in about 300,000-500,000 mt/year of marine fuels volumes to the platform.
  5. INTERVIEW: New Quadrise CEO Seeks to Expand Emulsion Fuel Trials
    Oct 31
    Quadrise CEO Peter Borup and CTO Jason Miles discuss the prospects for emulsion fuels to take a share of marine energy demand.
  6. VPS: After the IMO Delay, Focus Should Shift to EU-ETS and FuelEU Maritime
    Oct 30
    Global fuel testing and maritime decarbonisation advisory firm VPS discusses the recent delay to the IMO's net-zero framework.
  7. INSIGHT: The Cost of Caution in Two-Stroke Cylinder Lubrication
    Oct 27
    Joe Star of VPS discusses lubrication strategies for two-stroke diesel engines.

Decarbonisation and Alternative Marine Fuels & Power More

  1. IBIA CONVENTION 2025: Fewer LNG Bunker Ports Mean Buyer Has Less Leverage
    Nov 21
    Some speakers at the IBIA Annual Convention view suppliers holding the upper hand during LNG bunkering.
  2. Norwegian Car Carriers Adds New LNG Dual-Fuel Ship to Fleet
    Nov 20
    Two more LNG-fuelled ships are expected to join the firm's fleet in the next two years.
  3. IBIA CONVENTION 2025: China Seen Taking Centre Stage in Green Bunkers Production
    Nov 20
    China's expanding renewable power capacity is strengthening its position in future green bunker supply.
  4. IBIA CONVENTION 2025: Industry Sees Little Cause for IMO Optimism
    Nov 19
    The shipping and bunkering industries are engaged in soul-searching over what can be salvaged from global decarbonisation efforts after last month's decision to delay.
  5. IBIA CONVENTION 2025: Significant Seafarer Upskilling Needed for Green Fuels Transition
    Nov 19
    As the sector shifts towards green fuels, speakers at IBIA's Annual Convention cautioned that training for seafarers is not keeping pace.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 444.00 3.00 746.50 0.50 357.00 5.50
Global 20 Ports Average 486.50 3.50 811.50 10.00 413.00 4.50
Global Average Bunker Price 524.00 13.00 839.00 3.50 431.00 3.50
Singapore 459.50 6.50 760.00 3.00 362.50 2.50
Rotterdam 425.00 0.50 741.50 0.50 370.50 0.00
Fujairah 452.00 7.50 744.00 7.00 332.00 7.50
Houston 439.50 3.50 740.50 8.00 363.50 11.50
Busan - login to view prices or
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Durban - login to view prices or
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Gibraltar 461.00 5.00 - 421.00 0.50
Hong Kong 468.50 2.50 744.50 2.00 392.00 2.00
Istanbul 615.50 4.00 834.00 3.00 510.50 7.00
LA / LB 497.00 16.00 786.50 16.00 412.50 14.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 469.00 2.50 799.00 3.00 408.00 4.00
Cristobal, Panama - login to view prices or
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Piraeus 557.00 0.00 790.00 0.00 407.50 10.00
Santos 475.00 18.00 822.50 152.00 -
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