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Bunker Prices Forecast to be Under $500/mt throughout 2026

Bunker Prices Forecast to be Under $500/mt throughout 2026

Ship & Bunker's latest global average bunker price forecast shows a signifcant drop in expected average prices compared to just 3 months ago.
  1. 25Apr
    Still, metrics paint a far more favourable picture of market health. Read in Full
  2. 25Apr
    If its year-to-date performance were replicated over the remainder of 2025, the port would see total sales of 9.2 million mt this year, the least since 2020. Read in Full
  3. 25Apr
    The EU now requires all ships in its waters to report insurance details, regardless of whether they call at an EU port. Read in Full
  4. 25Apr
    The B24 blend supplied contained conventional fuel produced by Petrobras' refineries. Read in Full
  5. 25Apr
    The company is looking for candidates with proven experience of the bunker industry and a strong customer-service focus. Read in Full
  6. 25Apr
    Even in not-so-great windy conditions, the suction sails from Bound4blue delivered 15-20% energy saving. Read in Full
  7. 25Apr
    The biofuel produced by Mash Makes was trialled on its vessel for a voyage between Singapore and Brazil. Read in Full
  8. 25Apr
    Global VLSFO prices jumped on Thursday, erasing the previous two days' losses. Read in Full
  9. 25Apr
    This would mean the US authorities will closely scrutinise the carrier's operations, pricing and compliance. Read in Full
  10. 25Apr
    The firm bunkered an MSC boxship with 5,000 m3 of LNG in Algeciras, the largest Spanish port. Read in Full
  11. 24Apr
    However, a weak U.S. dollar was mainly responsible for an uptick in oil prices. Read in Full

MEPC 83 & IMO 2028

  1. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  2. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.
  3. MEPC 83: INTERCARGO Concerned About Complexity of IMO 2028 Measures
    Apr 15
    Bulk shipping industry body INTERCARGO is concerned about the complex nature of GHG reduction measures put forward by the IMO.
  4. IMO 2028 Deal May Unlock Synthetic LNG Investment: SEA-LNG
    Apr 15
    The gas lobby group thinks that e-methane and bio-LNG are more scalable than other alternative fuels.
  5. IMO 2028: How Much Is it Going to Cost?
    Apr 15
    Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
  6. IBIA's Edmund Hughes: IMO 2028 Deal Likely to Be Adopted in October
    Apr 14
    While the deal is likely to be formally adopted in October, those abstaining in last week's vote will need to be brought on-side, according to IBIA's IMO representative.
  7. IMO 2028 Deal Sparks Disappointment as Flat Levy Ditched
    Apr 14
    The shipping industry is busy digesting a complex but relatively unambitious new decarbonisation framework from its global regulator.
  8. MEPC83: We Have Something on the Table and Can Close the Deal in October, says IMO
    Apr 11
    IMO secretary-general Arsenio Dominguez says the agreement reached this week should be seen as a positive outcome.
  9. MEPC83: GHG Talks on Track to Deliver Draft Text by Friday
    Apr 10
    IMO's team approach will get the job done despite US delegation no-show.
  10. US Skips IMO's MEPC 83 Meeting and Warns Against GHG Deal
    Apr 09
    A note from the US delegation argues against the promotion of 'hypothetical, expensive and unproven fuels'.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 336.50 2.50 692.50 75.50 717.50 78.50
Rotterdam 329.00 1.50 677.00 48.50 702.00 50.00
Houston 319.00 7.00 656.50 7.00 680.50 7.00
Fujairah 210.50 2.00 433.50 62.00 449.00 64.50

Top Stories More

  1. Bunker Prices Forecast to be Under $500/mt throughout 2026
    Apr 25
    Ship & Bunker's latest global average bunker price forecast shows a signifcant drop in expected average prices compared to just 3 months ago.
  2. South Korea Encourages Shift to Mass Flow Meters for Bunker Measurement
    Apr 24
    Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker.
  3. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  4. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.
  5. INSIGHT: FuelEU Maritime Means Shipowners Cannot Afford to Wait on Alternative Fuels
    Apr 16
    Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance.

Insights & Analysis More

  1. VPS: Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?
    Apr 24
    Steve Bee of VPS discusses the potential for cashew nut shell liquid to be used as a biofuel component in bunker blends.
  2. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  3. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.
  4. ANALYSIS: Singapore Quarterly Bunker Sales Drop to Lowest Since Q3 2023
    Apr 17
    If the Q1 total were replicated over the rest of 2025, Singapore's annual sales would reach 52 million mt, down by 4.5% from 2024's record high.
  5. VPS: A New Legislative Measure for the Decarbonisation of Shipping
    Apr 16
    Steve Bee and Emilian Buksak of VPS discuss the new IMO 2028 deal.
  6. INSIGHT: FuelEU Maritime Means Shipowners Cannot Afford to Wait on Alternative Fuels
    Apr 16
    Maria Angeles Lopez, decarbonisation manager at Peninsula, discusses the options shipping companies have for FuelEU Maritime compliance.
  7. IMO 2028: How Much Is it Going to Cost?
    Apr 15
    Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028.
  8. VPS: How Fuel System Check Monitoring Will Reduce Risks, Save Time and Money
    Apr 14
    Steve Bee of VPS discusses how to avoid engine damage from cat fines.
  9. IMO 2028 Deal Sparks Disappointment as Flat Levy Ditched
    Apr 14
    The shipping industry is busy digesting a complex but relatively unambitious new decarbonisation framework from its global regulator.
  10. INTERVIEW: Monjasa Expects Resilient Profits in 2025 Despite Market Drop
    Apr 11
    While market uncertainty has increased, Monjasa still expects to see the fourth-highest profits in its history in 2025, CFO Rasmus Knudsen tells Ship & Bunker.

Yemen & Red Sea Attacks

  1. Houthi Capabilities Hit as Iran Pulls Navy from Red Sea: Reports
    Apr 21
    The move could significantly dent Houthi capabilities, as the group may lose vital Iranian naval support just as US forces intensify operations in the region.

Decarbonisation and Alternative Marine Fuels & Power More

  1. VPS: Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?
    Apr 24
    Steve Bee of VPS discusses the potential for cashew nut shell liquid to be used as a biofuel component in bunker blends.
  2. IMO 2028: How Much Biofuel Will Be Needed to Avoid Penalties?
    Apr 23
    Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.
  3. IMO Pushes Ahead with Carbon Capture Framework
    Apr 22
    Carbon capture's profitability under the IMO 2028 deal will depend upon the system used and how the carbon is disposed of, a Value Maritime representative tells Ship & Bunker.
  4. Indonesia Teams Up with HDF Energy to Explore Green Hydrogen for Shipping
    Apr 21
    Indonesia is partnering with HDF Energy to explore solar-powered green hydrogen as a pathway to decarbonise its shipping sector.
  5. IMO 2028: How Much Will 'Surplus Units' Cost?
    Apr 18
    Initial Ship & Bunker estimates show surplus units generated by the use of FAME B100 may be available for as little as $312/mtCO2e in 2028.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 483.00 2.00 644.50 0.50 424.50 2.00
Global 20 Ports Average 526.50 0.50 712.00 0.50 461.00 0.50
Global Average Bunker Price 570.50 1.50 751.00 1.00 477.00 0.00
Singapore 504.50 2.50 620.00 3.00 445.50 0.50
Rotterdam 456.00 1.50 621.50 2.00 421.00 1.50
Fujairah 496.50 2.00 713.00 2.50 429.50 7.00
Houston 476.00 7.00 624.00 1.00 402.00 0.00
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 500.00 4.50 - 470.00 0.50
Hong Kong 512.50 2.50 623.50 0.00 468.00 0.50
Istanbul 597.50 5.00 709.50 3.00 510.00 3.00
LA / LB 542.50 5.00 690.50 2.00 468.50 7.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 497.00 0.00 670.00 2.00 442.00 2.50
Cristobal, Panama - login to view prices or
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Piraeus 545.50 2.50 689.50 6.50 453.50 1.00
Santos 504.00 0.00 787.00 0.00 -
Shanghai - login to view prices or
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St Petersburg 556.00 0.00 712.00 0.00 410.00 0.00
Tokyo - login to view prices or
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