World News
BUNKER PRICES: G20-VLSFO Index Rises for Seventh Session
Bunker fuel prices advanced at ports around the world on Monday, with global average VLSFO prices climbing for a seventh consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $560.50/mt on Monday, remaining at its highest level since March 4.
The G20-HSFO Index was little changed at $498/mt, while the G20-MGO Index slipped by $1/mt to $759/mt.
ICE Brent crude futures jumped by $2.01/bl to $74.77/bl on Monday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $0.50/mt to $531.50/mt, at Rotterdam they fell by $3/mt to $501/mt, at Fujairah they advanced by $2.50/mt to $529.50/mt, and at Houston they climbed by $6/mt to $537/mt.
On Tuesday morning Brent futures were trading up by $0.12/bl from the previous session's close at $74.89/bl as of 7:00 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 6.50 | 609.50 | 0.50 |
| Rotterdam | 456.50 | 9.00 | 617.00 | 4.00 |
| Houston | 470.50 | 3.50 | 627.50 | 10.00 |
| Fujairah | 489.50 | 9.00 | 713.00 | 12.50 |
| Global 20 Ports Average | 526.00 | 3.50 | 720.00 | 3.00 |
| Global 4 Ports Average | 478.00 | 7.00 | 641.50 | 4.50 |
| Global Average Bunker Price | 567.00 | 1.00 | 754.00 | 0.50 |
Popular Now More
-
Apr 21Chinese shipping firm COSCO says US port fees on Chinese vessels threaten the normal functioning of global shipping. -
Apr 15Initial estimates indicate shipping can expect to pay about $76/mt extra in IMO 2028 compliance costs for every tonne of VLSFO consumed in 2028. -
Apr 22WEC Lines will raise its fuel recovery charge from 1 May to cover higher costs tied to new low-sulfur fuel rules in the Mediterranean ECA.