World News
BUNKER PRICES: G20-VLSFO Index Slips for Third Day
Bunker fuel prices declined at most ports on Monday, with global average VLSFO prices dropping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $572.50/mt on Monday, reaching the lowest level since September 2021.
The G20-HSFO Index sank by $0.50/mt to $488/mt, while the G20-MGO Index slipped by $2.50/mt to $748.50/mt.
ICE Brent crude futures jumped by $1.02/bl to $72.14/bl on Monday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $5/mt to $542.50/mt, at Rotterdam they declined by $1/mt to $503.50/mt, at Fujairah they fell by $0.50/mt to $536.50/mt, and at Houston they dropped by $5.50/mt to $538.50/mt.
On Tuesday morning Brent futures were trading down by $0.77/bl from the previous session's close at $71.57/bl as of 11:05 AM in London. In metric tonne terms that would be equivalent to a $5.80/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 539.00 | 4.00 | 664.50 | 6.00 |
| Rotterdam | 501.00 | 0.50 | 641.50 | 2.50 |
| Houston | 543.50 | 3.50 | 662.50 | 1.50 |
| Fujairah | 535.50 | 3.50 | 744.50 | 1.50 |
| Global 20 Ports Average | 571.00 | 1.00 | 746.50 | 0.00 |
| Global 4 Ports Average | 529.50 | 2.50 | 678.00 | 2.50 |
| Global Average Bunker Price | 621.50 | 1.00 | 801.50 | 1.00 |
Popular Now More
-
Dec 11Bunker prices will be lower in 2025, but overall costs will rise for those operating within European waters, according to the latest analysis by Ship & Bunker. -
Dec 10The 56,800 m3 Supramax bulker Porthos was arrested in Singapore at 3:08 PM on December 7. -
Dec 11HVO 100 is a second-generation biofuel that can reduce CO₂ emissions by up to 90% compared to traditional fuels. That's why we encourage production to accelerate the energy transition.