World News
Bunker Prices Lack Direction on Tuesday
Tuesday saw mixed bunker price movements in most regions, with some firming seen in major ports in South East Asia and Europe.
In Singapore IFO380 gained $4.00 to bring the price to $569.50, and MGO was up by $3.50 to $808.50 per metric tonne (pmt).
Rotterdam saw IFO380 gain $1.00 moving the price to $545.00, while Gothenburg 380 cSt product moved up $3.00 to $566.50 ending 3 consecutive days of losses.
Fujairah IFO380 moved up $6.00 to $577.50, and MGO gained $4.00 to bring the price to $991.50 pmt.
Houston 380 cSt grade fuel dropped $3.00 to $547.00 just bellow the $548.50 of last Friday and a new low for the month.
LA / Long Beach saw gains across all grades for the second consecutive day this week, with IFO380 gaining $4.50 to $571.50 pmt
Crude made gains on Tuesday with WTI spot prices moving up $0.35, closing at $79.36 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 521.50 | 1.50 | 619.00 | 7.50 |
| Rotterdam | 476.50 | 2.50 | 626.00 | 0.00 |
| Houston | 471.00 | 2.00 | 625.50 | 2.00 |
| Fujairah | 513.50 | 1.50 | 715.50 | 1.00 |
| Global 20 Ports Average | 538.50 | 1.50 | 708.50 | 3.50 |
| Global 4 Ports Average | 495.50 | 0.50 | 646.50 | 2.00 |
| Global Average Bunker Price | 571.50 | 0.00 | 757.50 | 2.00 |
Popular Now More
-
May 21The firm's new Danish branch is based in Tuborg Havn. -
May 19The new company is now 'officially open for business', co-CEO Peter Grünwaldt said. -
May 21The Houthi movement warns ships bound for Haifa will be targeted.