World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Month High
Bunker fuel prices advanced at ports around the world on Wednesday, with global average VLSFO prices jumping to the highest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5.50/mt to $592.50/mt on Wednesday, reaching its highest level since November 11.
The G20-HSFO Index rose by $1.50/mt to $500.50/mt, while the G20-MGO Index climbed by $4.50/mt to $773/mt.
ICE Brent crude futures sank by $0.89/bl to $76.16/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $7/mt to $574.50/mt, at Rotterdam they advanced by $3.50/mt to $535.50/mt, at Fujairah they jumped by $6/mt to $568/mt, and at Houston they fell by $3/mt to $570.50/mt.
On Wednesday morning Brent futures were trading up by $0.10/bl from the previous session's close at $76.26/bl as of 6:51 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 574.50 | 7.00 | 704.00 | 5.50 |
| Rotterdam | 535.50 | 3.50 | 678.00 | 4.50 |
| Houston | 570.50 | 3.00 | 712.00 | 6.50 |
| Fujairah | 568.00 | 6.00 | 755.50 | 0.50 |
| Global 20 Ports Average | 592.50 | 5.50 | 773.00 | 4.50 |
| Global 4 Ports Average | 562.00 | 3.50 | 712.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 6.50 | 813.50 | 0.50 |
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 09Nine candidates are standing for election, with two vacancies to fill. -
Jan 07The new company, Sea Leader DMCC, has already completed its first delivery.