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Container ships reportedly account for about 100 of the 750 ships backed up around the Strait of Hormuz. -
Indications received by Ship & Bunker on Monday morning generally showed price rises in the $40-50s/mt for VLSFO. -
The vessel has now safely returned to anchorage in Dubai, a company spokesman tells Ship & Bunker. -
The decision follows Iranian attacks on the firm's facilities. -
A projectile hit triggered a fire in the vessel's engine room, forcing the crew to abandon ship. -
The vessel can carry out bunkering operations in 100% electric mode. -
The ship came under attack at the Port of Bahrain at 2:57 AM UTC on Monday. -
The OPEC countries will increase production by 206,000 b/d. -
38 licensed bunker surveying companies currently operate in Singapore. -
A fire was reported at the plant earlier in the day. -
The firm has also suspended nominations of crude oil grades that require ships to transit the strait. -
Escalating regional tensions and vessels steering clear of Gulf waters could begin to weigh on bunker demand.
Middle East Conflict
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Mar 02Container ships reportedly account for about 100 of the 750 ships backed up around the Strait of Hormuz. -
Mar 02Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker. -
Mar 02Indications received by Ship & Bunker on Monday morning generally showed price rises in the $40-50s/mt for VLSFO. -
Mar 02The vessel has now safely returned to anchorage in Dubai, a company spokesman tells Ship & Bunker. -
Mar 02The decision follows Iranian attacks on the firm's facilities. -
Mar 02A projectile hit triggered a fire in the vessel's engine room, forcing the crew to abandon ship. -
Mar 02The ship came under attack at the Port of Bahrain at 2:57 AM UTC on Monday. -
Mar 02A fire was reported at the plant earlier in the day. -
Mar 02The firm has also suspended nominations of crude oil grades that require ships to transit the strait. -
Mar 02Escalating regional tensions and vessels steering clear of Gulf waters could begin to weigh on bunker demand.
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.
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
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Mar 02Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker.
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Mar 02The vessel has now safely returned to anchorage in Dubai, a company spokesman tells Ship & Bunker.
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Mar 02The decision follows Iranian attacks on the firm's facilities.
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Mar 01Two ships have been hit by unknown projectiles in the Strait of Hormuz, following the attack on the tanker Skylight earlier in the day. -
Mar 01Ships operating in the region are receiving communications claiming the strait has been closed, but no formal notification has been made.
Insights & Analysis More
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Mar 02Fujairah's market - reliant on ships crossing the Strait of Hormuz for its demand - is largely on hold until clarity emerges, local sources tell Ship & Bunker.
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Feb 24Trading firm Oilmar is marking its growth and development over the past decade with a series of charity partnerships. -
Feb 16But some see the current climate as an opportunity to expand on favourable terms, sources at IE Week events tell Ship & Bunker. -
Feb 16January HSFO sales jumped by 30.4% on the year, with the grade accounting for 41.6% of the total bunker sales. -
Feb 12Paul Bayliss of Fuelre4m discusses the need for collaboration to demonstrate the efficacy of decarbonisation technologies.
Decarbonisation, Alternative Marine Fuels and Power More
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Mar 02The interim training guidelines draft will be submitted for MSC approval in May 2026. -
Feb 27High electricity costs could undermine use of shore power, keeping marine fuel the cheaper option at berth. -
Feb 27Independent risk study confirms LNG, hydrogen, methanol and ammonia can be safely bunkered across the port area. -
Feb 27The dual-fuel methanol container ship will operate on the carrier's Asia-Mexico service. -
Feb 27The 93,000 m3 vessel is fitted with a dual-fuel engine from Everllence.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 506.00 | 7.00 | 729.00 | 2.50 | 421.00 | 3.00 |
| Global 20 Ports Average | 543.50 | 7.00 | 797.50 | 5.50 | 463.00 | 2.50 |
| Global Average Bunker Price | 576.00 | 3.00 | 829.50 | 2.00 | 467.50 | 1.50 |
| Singapore | 521.50 | 8.50 | 709.50 | 1.50 | 436.50 | 4.00 |
| Rotterdam | 489.50 | 9.50 | 720.00 | 2.00 | 438.00 | 10.50 |
| Fujairah | 519.50 | 10.00 | 777.50 | 3.50 | 420.50 | 2.50 |
| Houston | 494.50 | 1.50 | 710.00 | 4.00 | 389.00 | 3.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 520.50 | 14.00 | - | 460.00 | 7.50 | |
| Hong Kong | 530.50 | 11.00 | 725.00 | 3.50 | 473.00 | 2.00 |
| Istanbul | 645.00 | 0.50 | 800.50 | 7.50 | 490.00 | 4.50 |
| LA / LB | 572.50 | 10.50 | 784.00 | 16.00 | 489.00 | 1.50 |
| Las Palmas |
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| Mumbai |
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| New York | 532.00 | 3.00 | 837.50 | 18.50 | 417.00 | 2.50 |
| Cristobal, Panama |
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| Piraeus | 591.00 | 6.00 | 796.50 | 5.00 | 461.50 | 8.50 |
| Santos | 512.00 | 4.00 | 850.00 | 12.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 543.50 | 7.00 | 797.50 | 5.50 |
| Global 4 Ports Average | 506.00 | 7.00 | 729.00 | 2.50 |
| Global Average Bunker Price | 576.00 | 3.00 | 829.50 | 2.00 |
| Singapore | 521.50 | 8.50 | 709.50 | 1.50 |
| Fujairah | 519.50 | 10.00 | 777.50 | 3.50 |
| Rotterdam | 489.50 | 9.50 | 720.00 | 2.00 |
| Houston | 494.50 | 1.50 | 710.00 | 4.00 |
Bunker Jobs
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Feb 27The company is looking for candidates with a minimum of three years of experience in bunker trading and sales. -
Feb 27The company is looking for candidates with at least five years of experience in marine fuel procurement. -
Feb 19The company is looking for candidates with a minimum of two years of hands-on experience in bunker operations. -
Feb 13The company is looking for candidates with a sound understanding of bunkering operations and experience in vessel operations. -
Feb 11The company is looking for energetic bunker traders to join its team and support its growth.
Popular Now More
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Mar 02A fire was reported at the plant earlier in the day.
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Feb 28Unverified claims of the Strait of Hormuz being closed are being broadcast to ships in the region after US and Israeli strikes on Iran on Saturday.
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Mar 02Jebel Ali has resumed terminal activity after a precautionary suspension linked to a fire caused by debris from an aerial interception. -
Mar 01The tanker's crew, consisting of 15 Indians and five Iranians, have all been evacuated. -
Mar 01Bunker operations at Duqm were suspended following the attack but are expected to resume soon, a local source tells Ship & Bunker. -
Mar 01Two ships have been hit by unknown projectiles in the Strait of Hormuz, following the attack on the tanker Skylight earlier in the day.
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Feb 28War risk insurers have reportedly submitted some cancellation notices already for policies covering ships moving through the Strait of Hormuz.