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Market Outlook and Bunker Buying Strategies for Q2 2020

Market Outlook and Bunker Buying Strategies for Q2 2020

The most effective way to look at the market currently is to assess the associated risks, writes NSI's Paul Hardy.
  1. 07Apr
    Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival, the world's largest cruise company, as of March 25. Read in Full
  2. 07Apr
    Last week's scheduled meeting of the Marine Environment Protection Committee (MEPC) that sets emissions regulations for shipping was postponed indefinitely in March. Read in Full
  3. 06Apr
    Meanwhile, media continues to skew its reporting of the coronavirus pandemic. Read in Full
  4. 06Apr
    The company recommends advance warning of seven or more days for a better chance at good availability and competitive pricing. Read in Full
  5. 06Apr
    The company warns of a worst-case scenario in which boxship freight rates decline as much as they did in the aftermath of the financial crisis in 2009. Read in Full
  6. 06Apr
    Total sales jumped to 1.232 million mt in the three months to March 31. Read in Full
  7. 06Apr
    The emergency meeting, originally expected to be held over webinar on Monday, has now been postponed to Thursday. Read in Full
  8. 06Apr
    The tanker Melody arrived at Hambantota on April 2 with its first bunker shipment. Read in Full
  9. 06Apr
    VLSFO in major ports Friday had a 5% premium over Brent, vs a Q1 2020 average of 35%. Read in Full
  10. 03Apr
    Meanwhile, Royal Dutch Shell prepares for a new energy industry landscape. Read in Full

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 263.50 11.00 346.00 6.50 195.00 9.50
Global 20 Ports Average 277.50 7.00 364.00 7.50 215.50 8.00
Global Average Bunker Price 327.50 3.00 472.50 3.00 243.50 8.50
Singapore 271.50 11.50 292.50 1.50 201.50 10.50
Rotterdam 249.00 9.00 313.50 6.50 183.50 10.00
Fujairah 276.50 7.00 443.50 5.50 205.50 4.00
Houston 257.50 16.50 335.00 16.00 190.00 13.00
Busan - login to view prices or
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Colombo - login to view prices or
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Durban - login to view prices or
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Gibraltar 275.00 2.50 - 220.50 1.00
Hong Kong 277.00 12.00 295.00 13.50 220.50 8.00
Istanbul 307.00 7.00 339.50 5.00 223.50 11.00
LA / LB 310.00 9.50 369.00 11.50 269.50 14.50
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 295.00 20.50 349.00 26.50 197.50 16.00
Cristobal, Panama - login to view prices or
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Piraeus 286.00 1.00 330.50 12.50 210.50 4.50
Santos 279.50 12.00 451.50 4.00 -
Shanghai - login to view prices or
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St Petersburg - login to view prices or
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Tokyo - login to view prices or
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