World News
BUNKER PRICES: G20-VLSFO Index Drops to 15-Month Low
Bunker fuel prices resumed their downward slide at most ports on Monday, with global average VLSFO prices dropping to the lowest level in 15 months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $10/mt to $593/mt on Monday, reaching the lowest level since December 6, 2021. The G20-HSFO Index fell by $9/mt to $456/mt, while the G20-MGO Index declined by $5.50/mt to $875/mt.
ICE Brent crude futures gained $0.82/bl to $73.79/bl on Monday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices dropped by $19.50/mt to $543.50/mt, at Rotterdam they fell by $11.50/mt to $525/mt, at Fujairah they sank by $21/mt to $549/mt and at Houston they dropped by $9.50/mt to $566/mt.
On Tuesday morning Brent futures were trading up by $0.79/bl at $74.58/bl as of 9:44 AM in London. In metric tonner terms that would amount to a $5.95/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.