Rotterdam B100’s discount to LSMGO tops $300/mt

Earliest B100 delivery dates vary widely in Rotterdam

LNG bunker delivery premium at $130/mt in Rotterdam

All bunker prices mentioned below have been adjusted for calorific contents to make them VLSFO-equivalent. They have estimated EU-EU voyage compliance costs included for Rotterdam, and non-EU-EU compliance costs included for Singapore. These account for EU ETS costs and FuelEU Maritime penalties, and our estimated compliance surplus values for FuelEU pooling. Rotterdam's B100 and LBM prices also factor in Dutch HBE rebates for advanced liquid and gaseous biofuels sold in the Netherlands.

B100’s discount to VLSFO in Rotterdam has widened by $8/mt to $173/mt. Its discount to LSMGO has increased by a greater $24/mt in the past week, to reach $322/mt.

In Singapore, B100 has become $50/mt more expensive than VLSFO over the past week, pushing its premium to $519/mt. These prices include estimated pooling values for voyages between Singapore and EU ports.

B100 is also the cheapest fuel option in Rotterdam for dual-fuel vessels with Otto medium-speed (Otto MS) engines. Its discount to LNG has widened by $30/mt, now ranging between $91–257/mt depending on engine type.

For Otto MS engines, B100 is now $53/mt cheaper than LBM. But for ships with diesel slow-speed (diesel SS) engines, LBM is the more cost-effective option, priced $64/mt below B100 due to its lower methane slip.

Liquid fuels

VLSFO prices have remained mostly steady over the past week. Rotterdam’s benchmark has edged up by $1/mt, while Singapore’s has dipped by $7/mt.

Rotterdam's B100 has declined by $7/mt.

B100 bunker availability has varied widely between suppliers in Rotterdam in the past week. One supplier had tight barge availability and could deliver with four days of lead time. Another could deliver in 1-2 days, but at a hefty price premium. Most suppliers needed 7-8 days of lead time.

Singapore’s B100 price has surged $43/mt higher over the past week.

Liquid gases

Rotterdam’s LNG bunker price has risen by $23/mt, while its LBM has followed closely with a $26/mt gain.

LNG’s price rise has come amid “increased demand for air conditioning due to the hot weather, demand for injection into underground gas storage, and continued demand for gas transportation to Eastern Europe,” according to the Japan Organization for Metals and Energy Security (JOGMEC).

A $10/mt rise in Rotterdam's LNG bunker delivery premium assessed by ENGINE has also contributed to the price increase. The premium is around $130/mt now.

Singapore’s LNG price has remained largely unchanged, slipping by just $1/mt over the past week.

By Konica Bhatt

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