World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices sank at most ports on Tuesday, with global average VLSFO prices dropping to the lowest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $8.50/mt to $649/mt on Tuesday, reaching the lowest level since August 3. The G20-HSFO Index slipped by $3.50/mt to $585/mt, while the G20-MGO Index declined by $8.50/mt to $950/mt.
ICE Brent crude futures lost $0.43/bl to $84.03/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $11.50/mt to $635.50/mt, at Rotterdam they lost $6.50/mt to $602/mt, at Fujairah they declined by $9.50/mt to $630.50/mt, and at Houston they dropped by $5/mt to $629/mt.
On Wednesday morning Brent crude futures were trading down by $0.50/bl at $83.53/bl as of 9:32 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt fall 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.