ENGINE on Fuel Switch Snapshot: B100 sweetens on higher Dutch rebates

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:

• Dutch HBE rebate for B100 gains $30/mt
• Rotterdam’s B100 $330/mt cheaper than LSMGO
• LNG gains on higher bunker premiums

A sharp weekly decline in Prima Markets’ assessed Dutch HBE rebate for marine B100 has pushed the B100 bunker price higher.

Rotterdam’s B100 discount to VLSFO has widened by $8/mt to $175/mt. Its discount to LSMGO has gone up by $38/mt to $331/mt.

Rotterdam’s B100 discounts to LNG have widened by $41/mt to $108–216/mt, depending on LNG engine type.

LNG’s premium over VLSFO in Rotterdam for vessels with Otto medium-speed (Otto MS) engines has increased to $40/mt in the past week. For dual-fuel ships with diesel slow-speed engines, LNG is now $68/mt cheaper than VLSFO in the port.

Liquid fuels

VLSFO prices have moved lower, falling $13/mt in Rotterdam and $12/mt in Singapore, largely tracking a $15/mt drop in front-month ICE Brent futures.

Lead times of 5–7 days are recommended for VLSFO in Rotterdam, a trader told ENGINE. In Singapore, VLSFO deliveries now require 8-11 days of lead time for good supplier coverage, slightly up from 7–10 days a week ago.

Rotterdam’s B100 benchmark has fallen $22/mt lower over the past week, with a $31/mt rise in Prima-assessed Dutch HBE rebate for marine B100 appearing to weigh heavily on the price.

Liquid gases

Rotterdam’s LNG bunker price has risen by $19/mt over the past week, driven mainly by a 5% increase in ENGINE-assessed LNG bunker premium from around $131/mt to $137/mt.

Rotterdam’s liquefied biomethane (LBM) price has risen by $12/mt over the past week. LBM now stands at $154–168/mt discounts to LNG, which is $8/mt wider than last week.

Singapore’s LNG bunker price has held mostly steady, edging up just $4/mt. This is in line with a stable front-month NYMEX Japan/Korea Marker (JKM).

The JKM benchmark has risen on concerns over potential sanctions on Russia’s Arctic II supplies and strong Japanese demand, but gains have been capped in a cautious market, Japan Organization for Metals and Energy Security said

By Konica Bhatt

Photo credit and source: ENGINE
Published: 9 September, 2025