World News
BUNKER PRICES: G20-VLSFO Index Rises for First in Eight Sessions
Bunker fuel prices advanced at most ports on Tuesday, with average global VLSFO prices climbing for the first in eight sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5.50/mt to $617/mt on Tuesday, its first advance since April 13. The G20-HSFO Index gained $2.50/mt to $510.50/mt, while the G20-MGO Index dropped by $0.50/mt to $834.50/mt.
ICE Brent crude futures lost $1.96/bl to $80.77/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $11/mt to $605.50/mt, at Rotterdam they advanced by $4.50/mt to $562.50/mt, at Fujairah they climbed by $5/mt to $596/mt and at Houston they sank by $5.50/mt to $570.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.45/bl at $81.22/bl as of 9:53 AM in London. In metric tonne terms that would be equivalent to a $3.39/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 6.00 | 661.50 | 4.00 |
| Rotterdam | 510.00 | 2.00 | 661.00 | 2.00 |
| Houston | 548.00 | 2.50 | 666.50 | 0.50 |
| Fujairah | 555.50 | 5.00 | 746.00 | 2.50 |
| Global 20 Ports Average | 582.50 | 1.50 | 753.00 | 1.50 |
| Global 4 Ports Average | 544.50 | 3.00 | 683.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 2.50 | 803.50 | 2.00 |
Popular Now More
-
Nov 11Ship & Bunker explores whether legal and compliance concerns are starting to outweigh the apps' unquestioned convince. -
Nov 11OFAC says efforts to evade sanctions are becoming increasingly sophisticated. -
Nov 14The new hire had previously worked for Lanka Marine Services since February 2017.