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Half of the World's Bunker Fuel Still Sold by Just 10 Companies

Half of the World's Bunker Fuel Still Sold by Just 10 Companies

The top ten global bunkering firms handled about half of global bunker demand in 2025.
  1. 13Mar
    Meanwhile, a top analyst says the Iran war proves that the oil glut was "a myth." Read in Full
  2. 13Mar
    SEA-LNG responds to research from UCL Energy Institute casting doubt on LNG and methanol's potential as decarbonisation pathways. Read in Full
  3. 13Mar
    Yang Ming targets a 3-3.5% share of the global container market by 2032. Read in Full
  4. 13Mar
    The ship will embark on its first voyage along the Asia-Europe route. Read in Full
  5. 13Mar
    The company is looking for candidates with strong knowledge of the local marine fuel market. Read in Full
  6. 13Mar
    The graphene-based coating is already being introduced on several commercial vessels. Read in Full
  7. 13Mar
    Port of Rotterdam market consultation finds that high costs and uncertain demand are delaying investment in hydrogen import terminals. Read in Full
  8. 13Mar
    The company says a few vessels reported operational issues, including piston ring breakage and excessive sludge formation. Read in Full
  9. 13Mar
    Brazil's new diesel export tax has forced Petrobras to halt marine gasoil export sales. Read in Full
  10. 13Mar
    The LNG stem was delivered using the LNG bunkering vessel, Green Zeebrugge. Read in Full
  11. 13Mar
    OceanScore announced earlier this year that it has reached $5 million in annual recurring revenue. Read in Full
  12. 13Mar
    The extraordinary session of the council will take place on March 18-19 in London. Read in Full
  13. 13Mar
    The US has issued a 30-day license allowing the sale and delivery of sanctioned Russian oil and petroleum products already loaded on vessels. Read in Full
  14. 13Mar
    The 12,500 m3 Alisios LNG will supply LNG and bio-LNG to ships along the southern coast of the Iberian Peninsula. Read in Full
  15. 13Mar
    The class society confirmed the calculation method used to assess the wind-assisted power from WindWings installed on LR2 tankers. Read in Full
  16. 12Mar
    However, Iranian vessels are said to be using Hormuz to ship oil to China. Read in Full
  17. 12Mar
    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. Read in Full
  18. 12Mar
    The company, originally known as BunkerEx, has been relaunched with Kenneth Juhls serving as CEO as well as leading procurement platform AuctionConnect. Read in Full

Middle East Conflict

  1. 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.
  2. 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.
  3. 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.
  4. Salalah Bunkering Suspended After Drone Attack
    Mar 12
    Drones hit fuel storage tanks at the Port of Salalah on Wednesday afternoon.
  5. Maersk Implements Emergency Bunker Surcharge Amid Middle East Crisis
    Mar 12
    Maersk says the emergency bunker surcharge will be applicable from March 25.
  6. Fire Reported After Container Ship Hit Off Jebel Ali
    Mar 12
    This is the third container ship that has come under attack in the Strait of Hormuz since the Middle Crisis began.
  7. Drone Attack Hits Fuel Storage at Port of Salalah
    Mar 11
    No casualties were reported from the attack.
  8. Crew Evacuated from Bulk Carrier Bound for India After Attack Off Oman
    Mar 11
    The Thailand-flagged vessel, Mayuree Naree, was en route to Kandla port in India.
  9. Fire Extinguished on Vessel Hit by Projectile Off Oman
    Mar 11
    The vessel was struck about 11 nautical miles north of Oman in the Strait of Hormuz today.
  10. Bulk Carrier Attacked Off Dubai
    Mar 11
    This is the second vessel hit by an unknown projectile today.

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 367.00 25.00 755.50 51.50 783.00 53.50
Rotterdam 290.50 1.00 597.50 20.00 619.50 24.00
Houston 362.00 16.00 744.50 32.50 771.50 33.00
Fujairah 258.50 41.50 531.50 85.00 551.00 88.00

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. 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.
  2. 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.
  3. 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.
  4. US Court Dismisses Charges Against Dan-Bunkering From Former Employees
    Mar 12
    Dan-Bunkering (America) Inc had faced a range of charges including wrongful termination, breach of employment agreement and fraudulent inducement.
  5. 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.

Insights & Analysis More

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. EUA Price Drop Offsets Surging Bunker Prices for Intra-EU Shipping
    Mar 05
    While bunker prices have jumped by almost 50% since the start of the year, the combined cost of bunkers and EU-ETS compliance has gained less than 20%.
  10. LNG Price Spike Not Yet Sufficient to Drive Switch to Conventional Bunkers
    Mar 03
    Shipowners would be looking for an LNG premium of 15-20% to MGO before switching back to oil, a market source tells Ship & Bunker.

Decarbonisation, Alternative Marine Fuels and Power More

  1. Yang Ming to Order Six LNG Dual-Fuel Boxships to Support Fleet Renewal
    Mar 13
    Yang Ming targets a 3-3.5% share of the global container market by 2032.
  2. Demand Uncertainty Holding Back Hydrogen Terminal Investments: Port of Rotterdam
    Mar 13
    Port of Rotterdam market consultation finds that high costs and uncertain demand are delaying investment in hydrogen import terminals.
  3. New Study Raises Doubts Over LNG and Methanol as 'Stepping Stones' to Ammonia
    Mar 12
    UCL research finds investments in the fuels may offer limited support for a future transition to zero-emission ammonia in shipping.
  4. Equinor to Supply Bio-Methanol to Wallenius Wilhelmsen Ships in Belgium
    Mar 12
    Equinor will begin deliveries of mass-balanced bio-methanol starting late this year.
  5. Alfa Laval Completes Key Test for Ammonia Fuel Supply System
    Mar 11
    The test confirms the system's readiness for integration with ammonia-fuelled two-stroke engines.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 925.50 18.00 1455.00 65.50 763.50 6.50
Global 20 Ports Average 1022.50 17.50 1477.50 37.50 871.00 9.00
Global Average Bunker Price 1012.00 33.00 1450.00 44.00 784.50 16.50
Singapore 1120.50 35.00 1920.00 140.50 882.00 14.00
Rotterdam 751.00 24.50 1140.50 7.50 731.50 2.00
Fujairah 1088.50 36.00 1630.00 116.50 887.50 9.50
Houston 743.00 26.50 1128.50 3.50 553.00 19.50
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 822.00 6.50 - 775.50 1.50
Hong Kong 1119.00 41.50 1531.00 87.00 949.00 28.00
Istanbul 919.50 5.00 1249.50 34.50 807.50 11.50
LA / LB 1072.50 12.00 1186.50 105.00 873.00 20.00
Las Palmas - login to view prices or
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New York 749.00 17.50 1227.50 5.00 653.00 19.00
Cristobal, Panama - login to view prices or
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Piraeus 822.00 40.50 1186.50 50.50 758.00 17.50
Santos 1093.00 17.00 1769.00 141.00 -
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