en.Wedoany.com Reported - A latest analysis by Danish Shipping Companies shows that the bunker fuel price spread between Singapore and Rotterdam hit a new record in spring 2026. On March 12, the price gap for very low sulfur fuel oil (VLSFO, 0.5% sulfur content) between the two ports reached $362 per ton, with Asia suffering a much greater price shock than Europe.

The analysis reviews VLSFO price trends in Rotterdam and Singapore from September 2019 to May 2026, pointing out that geopolitical shocks such as the Russia-Ukraine conflict (2022) and the current crisis in the Strait of Hormuz are the main reasons for the sharp widening of the spread, with the Asian market being the most severely affected. Jacob K. Clasen, Deputy CEO of Danish Shipping Companies, stated that when freedom of navigation is hindered, the global oil market comes under pressure, and more expensive bunker fuel drives up cargo transportation costs, ultimately passing them on to consumers.

The analysis suggests that Asia's greater reliance on energy supplies from the Gulf region compared to Europe may be a key factor behind the persistently widening spread. Clasen emphasized that diversifying energy sources is crucial for reducing the vulnerability associated with dependence on a single market or a single energy source.

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