LONDON – June 2025 – The Baltic Exchange has expanded its bunker reporting services, offering daily updates and broader port coverage in response to the increasing demand for accurate, real-time marine fuel pricing. This development is aimed at simplifying voyage estimating and supporting smarter, data-driven decisions in today’s competitive shipping market.
With bunker fuel historically making up more than half of a vessel’s operating expenses—and bunker fuel prices highly sensitive to market fluctuations and logistical challenges—access to timely and reliable price data is more important than ever. The latest enhancements to the Baltic Bunker Report reflect this need, offering expanded insights that help stakeholders refine their Time Charter Equivalent (TCE) calculations and voyage planning strategies.
Now Covering More Ports, More Frequently
Originally launched in January 2022, the Baltic Bunker Report has evolved from a weekly publication into a daily report, now published Monday through Friday. The report provides spot price assessments for:
In addition to key global bunkering hubs—Rotterdam, Houston, Singapore, and Fujairah—the report now includes three strategic new ports: Gibraltar, Panama, and Zhoushan. These additions offer a more comprehensive view of global marine fuel markets and help users better align bunker procurement with operational needs.
Trusted Market Intelligence for Smarter Decisions
Compiled from a network of respected bunker brokers and traders, the report delivers a snapshot of real-time market conditions. It’s designed to support a range of commercial functions, from fuel purchasing and voyage planning to charterparty negotiations and performance claims.
“In an industry where bunker costs can represent a significant proportion of voyage expenses, access to timely and accurate pricing is crucial,” said Matthew Cox, Head of Benchmark Production at the Baltic Exchange. “Our members can use these prices as a reference in charterparty negotiations, to inform bunker purchasing strategies, or even to help resolve disputes around consumption claims.“
Delivered as a Free Member Resource
Unlike other market data providers, the Baltic Exchange offers the expanded bunker report free of charge to its members, as part of its commitment to delivering high-value tools and resources without additional fees. The daily report is accessible through the ‘Market Data’ section of My Baltic, available via both the Baltic Exchange website and mobile app. Members who have not yet registered for individual login credentials can do so at no additional cost, provided their organisation holds a valid Baltic Exchange membership.
Part of a Broader Suite of Maritime Tools
This latest bunker report expansion complements the Baltic Exchange’s growing portfolio of digital tools and services designed to help members navigate a rapidly evolving maritime landscape. These include:
- The ETS Allowance Price Report
- The FuelEU Maritime Calculator
- The Fuel Equivalence Converter
“With the growing complexity of fuel markets and regulations, it’s more important than ever that the maritime community has access to transparent, reliable price information,” added Cox. “The latest expansion of our bunker report coverage supports this goal and reflects our continued investment in tools that make commercial operations smoother and more efficient.”
The Baltic Exchange encourages feedback from the shipping community to ensure the bunker report continues to meet industry needs. For suggestions or further information, members are invited to contact balticbroker (at) balticexchange (dot) com.
Baltic Exchange in Brief
The Baltic Exchange represents a global community of shipping professionals, including shipowners, charterers, and shipbrokers, who manage a significant share of the world’s dry cargo and tanker fixtures, freight derivative trades, and the sale and purchase of merchant vessels.
Regulated by the UK’s Financial Conduct Authority (FCA) under the EU Benchmark Regulation, the Baltic Exchange plays a central role in the maritime industry by providing benchmark data essential for settling physical and derivative freight contracts and supporting effective risk management in global shipping markets.
Founded in 1744 and headquartered in London, the Baltic Exchange operates regional offices in Singapore, Shanghai, Athens, Stamford, and Houston. Since its acquisition by Singapore Exchange (SGX) in 2016, it has continued to expand its suite of services, which include:
- Daily benchmarks for dry bulk, tanker, container, and gas freight markets
- Operating expense (OPEX), sale & purchase (S&P), ship recycling, and forward assessments
- Air cargo market assessments
- Escrow and dispute resolution services
- Executive training through the Baltic Academy
- Networking and industry engagement opportunities for maritime professionals
Source Baltic Exchange