Bunker Fuel

ENGINE on Fuel Switch Snapshot: Major bunker prices edge lower

Rotterdam’s B100 is $160/mt cheaper than VLSFO; LNG and LBM prices drop $11-13/mt; LBM cheapest option for dual-fuel ships in Rotterdam.

Published

1 year ago

June 3, 2025

Admin

ENGINE on Fuel Switch Snapshot: Major bunker prices edge lower

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:

2 June 2025

Rotterdam’s B100 is $160/mt cheaper than VLSFO
LNG and LBM prices drop $11-13/mt
LBM cheapest option for dual-fuel ships in Rotterdam

B100’s discount to VLSFO in Rotterdam has remained almost steady, narrowing by just $1/mt to $161/mt.

These prices include costs of burning the fuels between two EU ports and an estimated pooling value for overcompliant vessels. The B100 price also includes a rebate from the Dutch HBE system.

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Fossil LNG is priced $150–197/mt above liquefied biomethane (LBM) in Rotterdam, which is $2/mt less than a week ago.

The premium is in a wide range because methane emissions are penalised in the EU’s FuelEU Martime regulation and LNG engines have varying methane slips.

The fossil LNG premium at the lower end of the price range ($150/mt) is for vessels equipped with diesel slow-speed (diesel SS) engines with 0.2% methane slips. The higher end of the range ($197/mt) applies to Otto medium-speed (Otto MS) engines with 3.1% methane slips.

For dual-fuel shipowners, fossil LNG is now $110/mt more expensive than VLSFO when used in Otto MS engines, but at a $55/mt discount to VLSFO when used in diesel SS engines with lower methane slips.

Liquid fuels

Rotterdam’s VLSFO price has taken a breather after three straight weeks of gains and is down by $9/mt in the past week. Prompt availability of all conventional fuel grades remains tight in the ARA region, a trader told ENGINE.

Rotterdam’s B100 benchmark has declined by $7/mt in the past week. There are signs of biofuel prices coming off in the past week. Prima Market’s has assessed its POMEME CIF ARA barge price down by about $20/mt compared to a week ago, and its assessed Dutch HBE rebate for marine B100 has gone up by $3/mt.

Biofuel bunker suppliers don’t necessarily track POMEME prices when they set their B100 bunker prices, but considerable price swings for POMEME – a key HBE-rebated marine biofuel type in the Netherlands – can translate into B100 price changes over time.

Singapore’s VLSFO price has declined by $11/mt over the same period. Lead times for the grade remain stable at 8–15 days amid sluggish demand, a source told ENGINE.

The price of B100 has held steady in Singapore in the past week. B100 is $528/mt now pricier than VLSFO for vessels sailing on voyages from Singapore to EU ports – for which 50% of their emissions count.

Liquid gases

Rotterdam’s LNG bunker price has declined by $13/mt over the past week.

The LNG bunker price has tracked a 2% drop in the front-month Dutch TTF Natural Gas contract, which has moved lower on the back of ample gas supplies in the EU and rising Norwegian output.

Singapore’s LNG bunker price has declined by $16/mt over the past week.

The decline reflects “continued sluggish demand from end users across East Asia,” according to the Japan Organization for Metals and Energy Security (JOGMEC).

By Konica Bhatt

Photo credit and source: ENGINE
Published: 3 June, 2025

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Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

6 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Bunker Fuel

Panama bunker fuel sales drops by 10.7% on year in June 2026

Total bunker sales at Panama was 385,100 metric tonnes (mt) in June 2026, compared to sales of 431,147 mt during the similar period in 2025.

Published

6 hours ago

July 23, 2026

Admin

Bunker fuel sales at Panama dropped by 11% in June 2026, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 385,100 metric tonnes (mt) in June 2026, compared to sales of 431,147 mt during the similar period in 2025.

In June 2026, the Pacific side of Panama posted bunker sales of 311,400 mt; 185,483 mt of VLSFO, 94,997 mt of RMG 380, 2,722 mt for marine gas oil (MGO), and 28,198 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 349,996 mt a year before in June; with VLSFO sales at 206,144 mt, RMG 380 sales at 109,432 mt, MGO sales at 3,043 mt, and 31,377 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 73,700 during June 2026; the figure comprised 62,169 mt of VLSFO, 382 mt of RMG 380, 3,039 mt of MGO, and 8,110 mt of LSMGO.

It saw total sales of 81,151 mt in June a year before; with VLSFO sales of 60,932 mt, RMG 380 sales of 8,335 mt, 2,935 mt of MGO, and LSMGO sales of 8,949 mt.

Photo credit: jhernandezb05 from Pixabay
Published: 23 July, 2026

Bunker Fuel

Antwerp-Bruges biofuel bunker sales drops 36% on year in Q2 2026, LNG down 13.4%

Biofuel recorded 26,833 mt in Q2 2026 with 41,939 mt recorded in the same period the year before while port data showed 76,513 mt of LNG being delivered in Q2 2026, down from 88,328 mt.

Published

6 hours ago

July 23, 2026

Admin

The Port of Antwerp-Bruges recently published bunker fuel sales data for the second quarter (Q2) of 2026.

Total bunker sales at the port was 2.05 million metric tonnes (mt) in Q2 2026, compared to sales of 1.99 million mt (+3%) during the similar period in 2025.

Deliveries of ultra low sulphur fuel oil, very low sulphur fuel oil, high sulphur fuel oil and marine gas oil in Q2 2026 (against on year) recorded respectively 164,987 mt (+43.6% from 114,917 mt), 537,926 mt (+12.8% from 476,746 mt), 659,182 mt (+11.6% from 590,544 mt) and 366,329 (-15.7% from 434,766 mt).

Biofuel recorded 26,833 mt in Q2 2026 with 41,939 mt (-36%) recorded in the same period the year before.

Port data showed 76,513 mt of liquefied natural gas (LNG) being delivered as a marine fuel in Q2 2026, down by 13.4% from 88,328 mt in Q2 2025. Meanwhile, there has been no deliveries of methanol at the port for the year so far.

Photo credit: Port of Antwerp-Bruges
Published: 23 July, 2026