World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Friday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $668.50/mt on Friday, reaching the highest level since March 20. The G20-HSFO Index advanced by $7/mt to $533.50/mt, while the G20-MGO rose by $1/mt to $878.50/mt.
ICE Brent crude futures did not trade on Friday during public holidays for Easter.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $10/mt to $647.50/mt, at Rotterdam they were little changed at $600/mt, at Fujairah they fell by $6/mt to $640/mt, and at Houston they jumped by $7/mt to $659/mt.
On Monday morning Brent futures were trading up by $0.25/bl from the previous session's close at $87.25/bl as of 7:14 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 29The company is looking for candidates with experience in negotiating deals and a functional understanding of vessel and bunkering operations. -
Apr 29Peninsula has signed a letter of intent with Unimot Paliwa setting out plans to cooperate on bunker supply at Gdansk and Gdynia. -
Apr 29The two companies recently arranged the supply of a B100 HVO product to a seismic survey vessel at Algeciras.