Marine fuels
Overview
The introduction of new regulations has caused fundamental change across the marine fuel markets. Reliable insight and data reflecting the market direction are more pressing than ever.
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Latest marine fuels news
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Singapore bunker sales fall to 14-month low in April
Singapore bunker sales fall to 14-month low in April
Singapore, 14 May (Argus) — Bunker sales at the key hub of Singapore fell to a 14-month low in April as the US-Iran conflict took its toll, according to preliminary data released by the Maritime and Port Authority of Singapore (MPA) on 14 May. But consumption improved on the year for B100 and LNG as competitive prices of these new fuels versus conventional bunker prices spurred interest. Total bunker consumption in Singapore nudged down by 1.2pc on the year to 4.35mn t in April and fell by 8.7pc on the month. The decline was in line with market expectations of demand destruction after the US-Iran war started, which put pressure on Singapore prices in April . Slower downstream trading in the bunker sector also surfaced despite Singapore remaining a preferred refuelling destination for most vessels. April vessel arrivals rose by 3pc on the year to 10,873. Low-sulphur fuel oil (LSFO) sales also fell to a 14-month low of 2.19mn t, down by 2pc on the year, as many buyers delayed non-urgent bunkering on elevated prices. Similarly, buyers had weak demand for low-sulphur marine gasoil (LSMGO), with April sales dropping by over 18pc on the year to around 256,000t, extending a downtrend since the start of the year. Sales for high-sulphur fuel oil (HSFO) fell to a 10-month low of 1.79mn t in April, but edged up by 5pc on the year. This was likely supported by stronger demand from scrubber-fitted vessels opting for lower-cost HSFO compared with very-low sulphur fuel oil (VLSFO), as well as longer routes around the Cape of Good Hope. B100, LNG sales rise Demand for alternative fuels remained subdued overall in April. Sales in Singapore fell by 23pc on the year and was down 17pc on the month to around 519,000t, with biodiesel accounting for the largest share at nearly 62pc. But buying interest for B100 strengthened given that the spread had narrowed against conventional fuel oil prices, and sales jumped to around 6,500t, compared with roughly 300t a year earlier. B100 prices were above $1,300/t delivered on board (dob) in April, although spot trading remained muted as many buyers preferred term contracts, market participants said. LNG demand also firmed in April, with bunker sales up by almost 1pc to over 42,000t in Singapore. LNG prices averaged $661.96/t dob Singapore on a VLSFO equivalent basis, while average April prices stood at $17.37/t dob on mnBtu basis. By Cassia Teo Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Alternative-fuel ship orders rise in April: DNV
Alternative-fuel ship orders rise in April: DNV
Sao Paulo, 12 May (Argus) — Orders for alternative-fuelled vessels rose to 38 in April, from five in March, Norwegian classification agency DNV said. LNG-fuelled vessels accounted for 20 of the April orders: eight car carriers, six container vessels, four oil tankers, and two cruise vessels. LPG/ethane carriers made up 14 orders, while four ammonia-fuelled vessels were ordered, all in the bulk carrier segment. In total, 83 orders for alternative-fuelled vessels have been placed so far in 2026. LNG has been leading the charge in the alternative bunker fuel market as shipowners look to comply with greenhouse gas (GHG) emissions reduction regulations such as FuelEU Maritime, RED III, and EU ETS. By Natália Coelho Alternative-fuelled vessels orders 2026 unit Type of fuel Orders in April Orders so far in 2026 LNG 20 52 Mathanol 14 24 LPG 0 3 Ammonia 4 4 Hydrogen 0 1 DNV Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iran seizes US-sanctioned oil tanker off Oman: IRNA
Iran seizes US-sanctioned oil tanker off Oman: IRNA
Dubai, 8 May (Argus) — Iran's navy has seized an oil tanker that is sanctioned by the US for moving Iranian oil, on the basis it was "attempting to disrupt oil exports and the interests of the Iranian nation," according to state news agency IRNA. Ocean Koi "was carrying oil cargo of the Islamic Republic of Iran" and was taken by the country's navy to the southern coast, IRNA said. The US treasury included Ocean Koi on its list of sanctioned vessels for links to the Iranian oil trade in February. Oil analytics firm Vortexa shows the tanker, under the name Jin Li , loaded a small amount of high-sulphur fuel oil (HSFO) off the coast of Oman on 7 May with its destination showing the port of Khor Fakkan in the UAE. By Elshan Aliyev Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UAE's Fujairah bunker sales rebound in April
UAE's Fujairah bunker sales rebound in April
Dubai, 6 May (Argus) — Sales of marine fuels at the UAE port of Fujairah, the world's fourth-largest bunkering port, located outside the strait of Hormuz, rose in April from their lowest ever monthly level in March, according to Argus data. Argus compiles daily data on deals from Fujairah suppliers, traders and buyers, capturing up to a quarter of the market, offering a snapshot of broader market trends. The volume of bunker sales in deals collected for assessment by Argus rose to 57,000t or 910 t/d last month from around 29,000t or 460 t/d in March. April's total is still the second lowest ever monthly level, according to records. For comparison, in February, Argus collected 162,000t or 2,700 t/d of deals data. Very-low sulphur fuel oil (VLSFO) accounted for around 37,000t or 1,760 t/d of sales in April, up from 21,000t or 1,000 t/d of sales in March. High-sulphur fuel oil (HSFO) sales rose on the month to 18,000t or 870 t/d from 7,000t or 336 t/d, while traded volumes of marine gasoil rose to 2,100t or 100 t/d from 855t or 40 t/d. Sales rebounded after US president Donald Trump announced an indefinite extension to the US-Iran ceasefire in early April, encouraging more vessels to call at the port for refuelling. But the precarious security and supply situation, as well as high war risk insurance premiums, have been forcing regular bunker buyers to seek refuelling in other regions such as India, Sri Lanka and African ports. A fall in marine fuel cargo imports into Fujairah and the suspension of local bunker fuels production have been tightening the availability. Some suppliers have run out of stocks, with marine fuels mostly sold from whatever is left in storage tanks and barges. A recent drone attack on the port's storage and loading facilities has raised fresh concerns. Early May deals data shows bunker buying activity to have fallen, with only two deals for around 2,000t of marine fuels submitted to Argus for assessment in the first three trading days. One trader described the demand and supply situation as "dead and dry". "We receive enquiries, but they get repeatedly postponed," a Fujairah supplier said. By Elshan Aliyev Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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