bunker market intelligence

Your window into the global bunker market

Unmatched visibility into global marine fuels pricing, availability, and quality. Enabling faster, more confident buying decisions.

BENEFITS

Goodbye guesswork – live market data for supercharged procurement

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Check the market

Assess current market price levels and the direction of the oil market before floating your bunker enquiry. Check relevant port info, barging costs, weather conditions and recent news from the port.

Inform negotiations

Compare the quotes you receive with recently done fixtures and indications.

Balance price with peace of mind

Price is only one part of the picture. Supplement this with fuel quality information to reduce the risk of off-spec fuel.

FEATURES

We offer unique bunker market data to help with your next refuelling

Live Pricing and Availability

Access spot and forward prices across top fuel grades, biofuels and LNG, in 100+ ports. Gauge market spread with anonymised transactions and indications. Monitor availability indicators and lead times to avoid late buying penalties.

Port Information

Assess port suitability for bunkering and any restrictions, calling costs, weather limits, supplier availability and possible supply modes.

Fuel Quality

Aggregated, cleansed and validated fuel quality data that is essential for avoiding potential quality issues or to enable parameter-targeted buying, like viscosity etc.

Bunker Planner

Visualise and monitor your fleet on the map in relation to potential bunkering ports. Plan refuelling based on factors such as remaining fuel on board (ROB), fuel price, quality, deviation and calling costs and many other factors.

Trusted globally

Why ENGINE

Data-driven bunker procurement

An ever growing number of bunker transactions are being handled though the ENGINE platform. On top of this our in-house reporting team is gathering data and intelligence directly from the market. This allows our customers to have unparalleled visibility into bunker pricing and fuel quality trends.

About Us

Bunker news articles per day

750

Fuel quality results received daily

500

Bunker prices captured daily

Frequently Asked Questions

Some questions commonly asked by our current and prospective customers.

How does ENGINE manage to produce prices for so many ports and fuel grades?

Our platform handles a large portion of global marine fuel transactions. In addition our in-house market reporting team sources fuel prices directly from market players, including suppliers, brokers, traders, agents and others. This enables us to collect and validate over 500 pricing points per day, allowing us to accurately calculate fuel prices in over 100 locations every 10 minutes.

Are ENGINE price benchmarks different from other offers on the market?

ENGINE price benchmarks are different from most other offerings in the frequency that they are produced with and transparency that is offered to the user. Our marine fuel prices are calculated using real market data with every price point going into the benchmark also visible to the platform user. ENGINE prices are updated every 10 minutes meaning that customers can benchmark their transactions against the market at the time of booking the fuel, rather than with a single benchmark price for the day. Moreover, our benchmarks rely on the most recent market data only, meaning that we only publish bunker prices for ports and fuels for which we have a minimum amount of very recent data.

What type of bunker prices does ENGINE offer?

Our platform offers both spot and forward prices. Forward prices are produced using historical differentials between the spot price and the underlying paper contract.

Are ENGINE prices produced on the ex-wharf or delivered basis?

Most locations on the platform show delivered prices. However, in certain ports, mainly in Americas, the ex-wharf price is shown. This is to avoid the price distortions caused by the varying amount of barging fees that buyers have to pay depending on the quantity lifted.

Are ENGINE price benchmarks standardised for quantity, lead time and credit terms?

ENGINE benchmark prices indeed only take into account pricing data with specific quantity and lead time ranges, depending on location and fuel grade. Transactions that were concluded on either too short or too long payment terms are specifically excluded from the price benchmark.

GET IN TOUCH

Get started with ENGINE

Transform your fuel procurement. Schedule a demo to discover how ENGINE can help.

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