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IBIA Announces New Board Members as Adrian Tolson Set to Replace Constantinos Capetanakis as Chairman

IBIA Announces New Board Members as Adrian Tolson Set to Replace Constantinos Capetanakis as Chairman

Tolson will take over from Starbulk's Constantinos Capetanakis as of April 1, whose 2 year term has come to an end.
  1. 09Feb
    One pundit warned that a huge correction to oil prices is coming. Read in Full
  2. 09Feb
    Maersk currently has 33 vessels on order, with four of them scheduled for delivery this year. Read in Full
  3. 09Feb
    Akshat Agrawal has joined the company as operations manager as of last month. Read in Full
  4. 09Feb
    Deal brings nine vessels and commercial operations into United Overseas Trading as the group scales its dry bulk presence. Read in Full
  5. 09Feb
    Nantong CIMC Sinopacific Offshore & Engineering has secured three new LNG bunker vessel orders as LNG fleet growth drives demand for supply infrastructure. Read in Full

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 343.50 4.00 706.50 7.50 732.50 8.00
Rotterdam 291.50 6.50 599.50 8.50 621.50 35.00
Houston 354.50 46.00 729.00 71.50 755.50 121.50
Fujairah 219.00 2.00 450.50 4.00 467.00 4.50

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.

IMO 2050

  1. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  2. IMO SG to Green Fuel Producers: Don't Give Up on Us
    Jan 27
    The IMO Secretary General has briefed the press on the organisation's current thinking around the prospects for its Net Zero Framework.
  3. VIEWPOINT: Bleak Prospects for Bunker Industry at Start of 2026
    Jan 13
    Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.

Top Stories More

  1. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  2. Singapore Diesel Supplier Fuel Incorporation Announces Bunkering Expansion
    Jan 29
    The firm - at present a supplier of 10 PPM road diesel, exhaust fluid and additives - plans to expand into bunkering as well as setting up an oil brokerage platform.
  3. IMO SG to Green Fuel Producers: Don't Give Up on Us
    Jan 27
    The IMO Secretary General has briefed the press on the organisation's current thinking around the prospects for its Net Zero Framework.
  4. VPS 2025 Marine Fuel Review
    Jan 26
    Steve Bee of VPS discusses fuel-quality issues observed over the course of 2025.
  5. Here Are the Results of the 2025 Bunker Salary Survey
    Jan 22
    The average salary rises again, the latest bunker trader salary survey from Imperium Commodity Search and Ship & Bunker shows.

Insights & Analysis More

  1. ANALYSIS: Rotterdam 2025 Bunker Sales Drop on Lower VLSFO and Biofuel Demand
    Feb 06
    HSFO was the most sold bunker grade in Rotterdam, accounting for 36.6% of the total conventional and biofuel sales in 2025.
  2. POLL: Bunker Margins Under Pressure as Low Prices Set to Persist in 2026
    Feb 05
    Ship & Bunker takes a closer look at the factors impacting low bunker margins.
  3. INTERVIEW: LNG Bunker Market Reaching 'Adolescent Stage'
    Jan 30
    Peter Keller sets out SE-LNG's view on the growth of LNG bunkering as the gas-powered fleet jumps to 10% of shipping.
  4. INSIGHT: How to Avoid Recruiting the Wrong Bunker Trader
    Jan 28
    Even well-intentioned professionals can fall foul of the rules if they do not fully understand them.
  5. Here Are the Results of the 2025 Bunker Salary Survey
    Jan 22
    The average salary rises again, the latest bunker trader salary survey from Imperium Commodity Search and Ship & Bunker shows.
  6. Fujairah Bunker Sales Fell 2.8% in 2025 on Lower VLSFO Demand
    Jan 19
    VLSFO sales in the Middle East port saw a decrease of 7.3%, while HSFO sales demonstrated a positive growth trend.
  7. Panama Bunker Sales Rose 4.1% Year on Year in 2025 on Higher VLSFO Sales
    Jan 15
    Panama saw a total of 7,466 calls for bunkers in 2025, representing an 11.5% increase from the 6,696 recorded in 2024.
  8. INTERVIEW: Shipergy Uses AI to Reshape Trading Model Amid Market Downturn
    Jan 15
    Shipergy CEO Daniel Rose is refocusing the firm's commercial efforts on three hubs and deploying AI tools to reduce workload in response to weak market conditions, he tells Ship & Bunker.
  9. ANALYSIS: Singapore Annual Bunker Sales Reach New Record High in 2025
    Jan 13
    Singapore's total bunker sales rose to a record high in 2025 amid strong volumes in December.
  10. VIEWPOINT: Bleak Prospects for Bunker Industry at Start of 2026
    Jan 13
    Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Maersk Orders Eight Dual-Fuel LNG Large Boxships from China
    Feb 09
    Maersk currently has 33 vessels on order, with four of them scheduled for delivery this year.
  2. NYK Signs Charter Deal for Dual-Fuel LNG Carriers with Cheniere
    Feb 09
    The vessels are scheduled for delivery in 2028 and will feature dual-fuel engines from WinGD.
  3. World's Largest All-Electric Boxship Begins Trials in China
    Feb 09
    The trials will include testing of the vessel's onboard systems, including its battery technology and associated electric propulsion equipment.
  4. Global Ethanol Association Adds Thoen Bio Energy to Support Marine Fuel Push
    Feb 09
    Interest in ethanol as a marine fuel is rising, with firms including Maersk testing its performance.
  5. Alternative Fuels Made Up 43% of UECC's 2025 Bunker Consumption
    Feb 09
    Alternative marine fuels could account for up to 60% of the firm's bunker fuel consumption in 2030.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 467.00 4.00 693.50 1.00 401.50 4.00
Global 20 Ports Average 508.50 1.00 769.50 2.00 440.00 1.00
Global Average Bunker Price 539.50 1.00 799.50 3.50 447.50 2.50
Singapore 489.50 0.50 674.00 2.50 435.00 1.50
Rotterdam 450.50 7.00 694.50 1.50 402.00 7.00
Fujairah 471.00 8.50 748.50 7.00 411.00 5.00
Houston 457.50 0.00 657.00 2.50 358.00 2.00
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 475.50 4.00 - 427.00 0.50
Hong Kong 496.00 6.50 700.50 2.50 474.00 1.00
Istanbul 605.50 3.00 775.50 2.50 475.50 0.50
LA / LB 572.50 5.00 787.50 13.50 466.00 6.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 496.50 5.00 761.00 28.00 387.00 5.00
Cristobal, Panama - login to view prices or
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Piraeus 542.50 4.00 761.00 10.50 424.00 0.00
Santos 488.00 18.00 847.00 23.00 -
Shanghai - login to view prices or
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St Petersburg - login to view prices or
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