World News
BUNKER PRICES: G20-VLSFO Index Advances for First Day in Three
Bunker fuel prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices climbing for the first in three consecutive trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $613/mt on Tuesday, having reached its lowest level since January 15 the previous day.
The G20-HSFO Index fell by $1/mt to $511.50/mt, while the G20-MGO Index declined by $10/mt to $787.50/mt.
ICE Brent crude futures rose by $0.41/bl to $77.49/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $4.50/mt to $594/mt, at Rotterdam they advanced by $2.50/mt to $550/mt, at Fujairah they sank by $4/mt to $580/mt, and at Houston they dropped by $1.50/mt to $575/mt.
On Wednesday morning Brent futures were trading up by $0.07/bl from the previous session's close at $77.56/bl as of 7:46 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 593.00 | 1.00 | 715.50 | 0.50 |
| Rotterdam | 551.00 | 1.00 | 677.00 | 11.00 |
| Houston | 573.50 | 1.50 | 732.50 | 1.50 |
| Fujairah | 580.50 | 0.50 | 770.50 | 0.50 |
| Global 20 Ports Average | 611.00 | 2.00 | 780.50 | 7.00 |
| Global 4 Ports Average | 574.50 | 0.00 | 723.50 | 3.00 |
| Global Average Bunker Price | 651.00 | 2.50 | 831.50 | 4.50 |
Popular Now More
-
Jan 30Offshore bunkering is available again at the Algoa Bay anchorage, a local shipping agent tells Ship & Bunker. -
Jan 28Eliseo Curcio, director of clean technologies at Blend Tiger, discusses the relative advantages of the range of alternative fuels being offered to the shipping industry. -
Jan 22Bunker Holding CEO Keld Demant discusses his company's reorganisation amid market rumours of widespread changes at the firm.