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ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026

ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026

While bunker prices are set to fall this year, higher EU-ETS costs will offset most of the benefit for European shipping.
  1. 02Jan
    The US alleges the tankers generated revenue for President Nicolás Maduro's government in breach of sanctions. Read in Full
  2. 02Jan
    The arrest happened following a complaint from the Port Klang Authority. Read in Full
  3. 02Jan
    The two LNG carriers have been ordered by an unnamed Oceania buyer. Read in Full
  4. 02Jan
    Energy Petrol tells Ship & Bunker that it supplied bunker fuels to 1,835 ships in 2025. Read in Full
  5. 02Jan
    The system allows the vessel to produce up to 300 kW of electricity by turning low-temperature waste heat from the main engine into usable power. Read in Full
  6. 02Jan
    DNV data shows that the global methanol-fuelled fleet is currently made up of 97 ships, with 366 more expected to join the fleet by 2030. Read in Full
  7. 02Jan
    The approval covers hydrogen transport, ammonia handling and fuelling, and more efficient LNG ships. Read in Full
  8. 01Jan
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 25 2025 – January 1, 2026. Read in Full
  9. 01Jan
    At the end of 2025 owners were paying a compliance cost of around $220/mt of VLSFO burned on intra-EU voyages. From today that cost rises 45% to $319/mt. Read in Full
  10. 31Dec
    Meanwhile, Russia claims impending victory in its war against Ukraine. Read in Full

FEATURE: AI Will Not Replace Bunker Traders. Will it?

This industry is about relationships. Will AI strengthen or replace them?

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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 337.00 4.50 693.00 9.50 718.50 10.00
Rotterdam 287.00 0.50 590.50 1.50 612.00 1.00
Houston 301.50 0.00 620.00 0.00 643.00 0.00
Fujairah 199.50 3.50 410.00 6.50 425.00 7.00

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.

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IMO 2050

  1. Pacific Basin Cites IMO NZF Delay as Reason for Purchase of New Conventionally-Fuelled Ships
    Dec 24
    Pacific Basin has cited the IMO delay as a key reason for it continuing to add conventionally-fuelled tonnage to its fleet.
  2. FEATURE: 2025 Was Year of Rapidly Escalating Regulation for Shipping and Bunker Industries
    Dec 23
    In a year of turmoil for the shipping and bunker industries, a steady increase in regulatory complexity has been the one reliable constant.
  3. FEATURE: AI Will Not Replace Bunker Traders. Will it?
    Dec 22
    This industry is about relationships. Will AI strengthen or replace them?
  4. INTERVIEW: NAPA Sees Growing Demand for GHG Management Services
    Dec 16
    Ossi Mettälä of NAPA Shipping Solutions discusses how EU and other GHG regulations are driving shipping companies to find new ways of cutting their emissions.
  5. INTERVIEW: Blue Energy Partners Sees Growing Role for Bunker Firms in GHG Compliance
    Dec 08
    Trine Braathen of Blue Energy Partners discusses ways the shipping industry can improve GHG compliance strategy.
  6. Core Power Sees Maritime Nuclear Bridging Divide Between Decarbonisation Hawks and Doves
    Dec 03
    Core Power CEO Mikal Bøe discusses the pathway to as many as 3,000 ships using nuclear reactors by 2060.

Top Stories More

  1. ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026
    Jan 01
    While bunker prices are set to fall this year, higher EU-ETS costs will offset most of the benefit for European shipping.
  2. Pacific Basin Cites IMO NZF Delay as Reason for Purchase of New Conventionally-Fuelled Ships
    Dec 24
    Pacific Basin has cited the IMO delay as a key reason for it continuing to add conventionally-fuelled tonnage to its fleet.
  3. FEATURE: 2025 Was Year of Rapidly Escalating Regulation for Shipping and Bunker Industries
    Dec 23
    In a year of turmoil for the shipping and bunker industries, a steady increase in regulatory complexity has been the one reliable constant.
  4. FEATURE: AI Will Not Replace Bunker Traders. Will it?
    Dec 22
    This industry is about relationships. Will AI strengthen or replace them?
  5. MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes
    Dec 19
    Global bunker demand at key hubs gained 4.3% on the year in Q3, with 2025 as a whole heading for the highest total since 2019, but markets in the Americas are still underperforming.

Insights & Analysis More

  1. ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026
    Jan 01
    While bunker prices are set to fall this year, higher EU-ETS costs will offset most of the benefit for European shipping.
  2. Fujairah Bunker Sales Hit Five-Month Low in November
    Dec 30
    Bunker sales in Fujairah dropped for the third consecutive month in November.
  3. FEATURE: 2025 Was Year of Rapidly Escalating Regulation for Shipping and Bunker Industries
    Dec 23
    In a year of turmoil for the shipping and bunker industries, a steady increase in regulatory complexity has been the one reliable constant.
  4. MARKET SURVEY: Major Hubs Saw Average 4.3% Yearly Gain in Q3 Volumes
    Dec 19
    Global bunker demand at key hubs gained 4.3% on the year in Q3, with 2025 as a whole heading for the highest total since 2019, but markets in the Americas are still underperforming.
  5. INTERVIEW: NAPA Sees Growing Demand for GHG Management Services
    Dec 16
    Ossi Mettälä of NAPA Shipping Solutions discusses how EU and other GHG regulations are driving shipping companies to find new ways of cutting their emissions.
  6. ANALYSIS: Singapore November Bunker Sales Up 7.4% On the Year as Bunker Calls Rise
    Dec 15
    For the first time since May 2024, methanol bunker sales were recorded, with 3,000 mt sold in November.
  7. FEATURE: Bunkering Services Initiative Seeks to Bring New Delivery Standards to ARA
    Dec 12
    The project has launched as of the start of this month, covering 20% of ARA volumes, with the first barges already loaded and making deliveries.
  8. VPS: Fuel Assessment Update of the Mediterranean Emission Control Area
    Dec 08
    Steve Bee of VPS discusses the fuel quality impact so far seen from the Mediterranean ECA, pointing out in particular a rise in ULSFO problems.
  9. INSIGHT: Is ARA Ready for Mandatory MFMs from January 1, 2026?
    Dec 05
    We have not seen strong evidence to suggest that MFM deliveries will adhere to ISO 22192, a mandatory requirement of the Rotterdam bunker licence.
  10. Core Power Sees Maritime Nuclear Bridging Divide Between Decarbonisation Hawks and Doves
    Dec 03
    Core Power CEO Mikal Bøe discusses the pathway to as many as 3,000 ships using nuclear reactors by 2060.

Decarbonisation and Alternative Marine Fuels & Power More

  1. Bureau Veritas Approves Jiangnan Shipyard's Green Ship Designs
    Jan 02
    The approval covers hydrogen transport, ammonia handling and fuelling, and more efficient LNG ships.
  2. ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026
    Jan 01
    While bunker prices are set to fall this year, higher EU-ETS costs will offset most of the benefit for European shipping.
  3. EU Marine Fuel Cost Jumps as New EU-ETS Rules Take Effect from Jan 1, 2026
    Jan 01
    At the end of 2025 owners were paying a compliance cost of around $220/mt of VLSFO burned on intra-EU voyages. From today that cost rises 45% to $319/mt.
  4. Vinssen Launches Korea's First Hydrogen Fuel Cell-Powered Vessel
    Dec 31
    The launch of Hydro Zenith marks South Korea's first vessel built to operate on hydrogen fuel cells under approved national standards.
  5. HD Hyundai Validates Ethanol Use on Its Dual-Fuel Marine Engine
    Dec 31
    The company will now carry out further durability tests to meet class requirements and commercial operating conditions.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 424.50 2.00 641.00 2.50 349.00 0.00
Global 20 Ports Average 464.00 0.50 715.00 0.00 391.50 0.50
Global Average Bunker Price 503.00 9.50 760.00 1.00 411.50 0.50
Singapore 433.50 1.00 616.50 1.50 356.00 1.00
Rotterdam 414.50 1.50 624.50 2.00 361.00 0.00
Fujairah 429.00 2.00 718.00 3.00 337.00 1.50
Houston 420.50 2.50 606.00 3.50 343.00 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 433.00 0.00 - 386.50 0.00
Hong Kong 448.00 0.00 625.50 0.00 400.50 0.00
Istanbul 545.00 3.50 693.00 4.00 458.50 2.50
LA / LB 493.50 0.00 678.50 0.00 416.00 0.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 466.50 0.00 674.50 0.00 371.00 0.00
Cristobal, Panama - login to view prices or
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Piraeus 500.50 1.50 677.50 1.50 373.50 3.00
Santos 435.00 2.00 790.00 18.00 -
Shanghai - login to view prices or
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