World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Month High
Bunker fuel prices mostly advanced at ports around the world on Friday, with global average VLSFO prices jumping to the highest level in more than two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $596.50/mt on Friday, reaching its highest level since November 8.
The G20-HSFO Index rose by $6.50/mt to $505.50/mt, while the G20-MGO Index slipped by $1/mt to $774/mt.
ICE Brent crude futures jumped by $2.84/bl to $79.76/bl on Friday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $7.50/mt to $582.50/mt, at Rotterdam they advanced by $6/mt to $541/mt, at Fujairah they jumped by $4/mt to $573/mt, and at Houston they rose by $16/mt to $586.50/mt.
On Monday morning Brent futures were trading up by $1.57/bl from the previous session's close at $81.33/bl as of 6:33 AM in London. In metric tonne terms that would be equivalent to an $11.82/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 582.50 | 7.50 | 707.00 | 6.50 |
| Rotterdam | 541.00 | 6.00 | 682.50 | 9.50 |
| Houston | 586.50 | 16.00 | 734.00 | 23.00 |
| Fujairah | 573.00 | 4.00 | 762.50 | 7.50 |
| Global 20 Ports Average | 596.50 | 5.00 | 774.00 | 1.00 |
| Global 4 Ports Average | 570.50 | 8.00 | 721.50 | 11.50 |
| Global Average Bunker Price | 641.50 | 11.50 | 821.00 | 6.00 |
Popular Now More
-
Jan 08Several major Chinese maritime firms including container line COSCO have been added to the Pentagon's blacklist list for alleged ties to the People's Liberation Army. -
Jan 13All eight crew members of the Malaysian registered tanker Silver Sincere were rescued by the Maritime of Port Authority of Singapore. -
Jan 07The new company, Sea Leader DMCC, has already completed its first delivery.