ENGINE on Fuel Switch Snapshot: B100’s pooling value gains

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

• B100 pooling value now estimated above $700/mt
• B100-LBM spreads between $19-99/mt in Rotterdam
• Singapore’s VLSFO-LNG spreads at $33-51/mt

B100’s discount to VLSFO in Rotterdam has held steady at around $160/mt in the past week. That was only a marginal $2/mt increase from the week before. The theoretical FuelEU pooling benefit for vessels sailing between EU ports and selling surplus compliance from using B100 has risen by $25/mt to $716/mt.

Over in Singapore, B100 has narrowed its gap to VLSFO by $17/mt and now sits at a $446/mt premium after factoring in estimated regulatory benefits for Singapore-EU voyages.

B100 and liquefied biomethane (LBM) typically serve different vessel types, so a few will directly choose between the two. But for those looking to compare, Rotterdam’s B100 is now $19/mt more expensive than LBM when used on vessels with Otto medium-speed (Otto MS) engines.

For diesel slow-speed (diesel SS) dual-fuel vessels, B100 is $99/mt more expensive than LBM, up $7/mt from the previous week.

Rotterdam’s fossil LNG is priced $102/mt below VLSFO for diesel SS engines, while Otto MS engines still face a $65/mt premium.

In Singapore, LNG’s premium over VLSFO has fallen to $51/mt for Otto MS engines and its discount has widened to $33/mt for diesel SS engines.

Liquid fuels

VLSFO prices in Rotterdam and Singapore have remained broadly steady in the past week. Rotterdam’s VLSFO benchmark has made a $6/mt decline, mostly tracking a $6/mt decline in the front-month ICE Brent Futures.

In contrast, Singapore’s VLSFO benchmark has inched up by $3/mt.

VLSFO delivery schedules in Singapore continue to vary significantly between suppliers. Some can deliver within five days, while others require advance bookings of up to three weeks. This represents a marginal improvement from last week’s wide range of seven days to four weeks.

Rotterdam’s B100 price has declined by $9/mt over the past week, with downward pressure coming from a $9/mt increase in Prima Markets’ assessed Dutch HBE rebate.

Bunker fuel supplier Burando Energies said it has delivered multiple B100 stems to Teekay Tankers vessels across the ARA region.

“The B100 supplied consisted entirely of residues originating from fatty acid methyl ester (FAME) production,” the company’s head of decarbonisation strategies, Nick de Haan told ENGINE. He advised lead times for this fuel at around 4-5 days.

Singapore’s B100 price has dropped by $14/mt over the past week.

Liquid gases

Rotterdam’s LNG price has fallen by $11/mt over the past week, while its LBM benchmark has dropped by $16/mt.

LNG is now priced $157–206/mt higher than LBM in Rotterdam, depending on a vessel’s engine type. VLSFO carries premiums of $141–259/mt over LBM in the port.

The theoretical FuelEU pooling benefit for vessels sailing between EU ports and selling surplus compliance from using Dutch-rebated LBM is estimated at $476-593/mt.

Singapore’s LNG bunker price has also edged down, declining by $4/mt over the past week.

By Konica Bhatt

Photo credit: ENGINE
Published: 29 July, 2025