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Singapore's ONE Bunker Consumption Up 9% on Red Sea Diversions

Singapore's ONE Bunker Consumption Up 9% on Red Sea Diversions

The firm expects lower profits for 2025 due to tariff concerns.
  1. 30Apr
    The vessel will serve Irving Oil to deliver petroleum products to ports in Atlantic Canada and the US East Coast. Read in Full
  2. 30Apr
    The report assesses the total daily operating costs for VLSFO, LNG, methanol, biodiesel, hydrogen and ammonia, factoring in IMO penalties, fuel prices, capital expenditure and retrofit costs. Read in Full
  3. 30Apr
    Q1's total for Fujairah was 1.82 million mt, the least sine Q2 2023. Read in Full
  4. 30Apr
    The firm has officially begun the supply of locally blended B30 marine biofuel. Read in Full
  5. 30Apr
    The company is looking for candidates with at least five years of physical oil trading experience, preferably in fuel oil. Read in Full
  6. 30Apr
    The firm has rolled out e-BDN documentation for its bunkering service at the Omani port of Sohar. Read in Full
  7. 30Apr
    The order is worth a total of $3.08 billion, with delivery scheduled between 2028-2029. Read in Full
  8. 30Apr
    The new hire was previously director of marine fuel marketing at UET Marine in Houston. Read in Full
  9. 30Apr
    Milder US port fees on Chinese vessels could boost charter demand as carriers adjust fleets. Read in Full
  10. 30Apr
    HTM, the shipping company launched by Peninsula owner John Bassadone, has received its first biofuel stem from Peninsula. Read in Full
  11. 30Apr
    Ship & Bunker's G20-VLSFO Index lost $4.50/mt to its lowest level since April 17 on Tuesday. Read in Full

MEPC 83 & IMO 2028

  1. LNG May Be Cheapest Option for IMO 2028 Compliance: Report
    Apr 30
    The report assesses the total daily operating costs for VLSFO, LNG, methanol, biodiesel, hydrogen and ammonia, factoring in IMO penalties, fuel prices, capital expenditure and retrofit costs.
  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. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

Methanol Bunker Prices

Gray Methanol MEOH-VLSFOe MEOH-MGOe
$/mt    +/- $/mte    +/- $/mte    +/-
Singapore 352.00 7.50 724.50 16.00 751.00 16.50
Rotterdam 328.00 5.50 674.50 11.00 699.00 12.00
Houston 310.00 11.00 638.00 22.50 661.00 23.50
Fujairah 218.50 2.50 449.00 5.00 465.50 5.00

Top Stories More

  1. Shipergy Launches New Platform Tracking Variations in Bunker Energy Content
    Apr 28
    Failing to keep track of energy density variations could be costing shipping companies as much as $25/mt in fuel bills, Shipergy CEO Daniel Rose tells Ship & Bunker.
  2. 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.
  3. 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.
  4. 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.
  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.

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. US Sanctions Three Vessels Over Alleged Ties to Houthis
    Apr 29
    The ships are accused of delivering cargo to ports under the control of Yemen's Houthi movement.
  2. 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. LNG May Be Cheapest Option for IMO 2028 Compliance: Report
    Apr 30
    The report assesses the total daily operating costs for VLSFO, LNG, methanol, biodiesel, hydrogen and ammonia, factoring in IMO penalties, fuel prices, capital expenditure and retrofit costs.
  2. BV Refines Classification Rules for Hydrogen-Fuelled Vessels
    Apr 29
    Bureau Veritas (BV) has updated its hydrogen classification rules with clearer safety and gas dispersion guidance.
  3. Shipergy Launches New Platform Tracking Variations in Bunker Energy Content
    Apr 28
    Failing to keep track of energy density variations could be costing shipping companies as much as $25/mt in fuel bills, Shipergy CEO Daniel Rose tells Ship & Bunker.
  4. 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.
  5. 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.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 479.50 6.50 643.50 3.50 420.50 6.50
Global 20 Ports Average 524.50 4.50 710.50 4.00 456.00 5.00
Global Average Bunker Price 570.50 2.00 747.50 5.50 475.00 3.00
Singapore 502.00 7.00 617.00 6.00 434.50 8.50
Rotterdam 455.00 8.00 619.50 4.00 419.00 4.50
Fujairah 495.00 6.00 712.50 1.50 425.50 9.50
Houston 467.00 4.50 625.00 2.50 403.50 4.00
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 496.50 5.00 - 468.00 7.00
Hong Kong 518.50 1.00 619.50 3.00 461.00 9.00
Istanbul 593.50 1.00 707.00 2.50 511.50 0.50
LA / LB 543.50 3.00 678.00 13.00 462.50 8.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 485.50 10.00 673.50 2.00 437.50 6.50
Cristobal, Panama - login to view prices or
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Piraeus 544.50 1.50 686.50 0.50 452.50 2.50
Santos 501.00 0.00 783.00 0.00 -
Shanghai - login to view prices or
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St Petersburg 556.00 0.00 723.50 1.50 413.00 3.00
Tokyo - login to view prices or
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