World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Session
Bunker fuel prices advanced at most ports on Monday, with global average VLSFO prices rising for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $603/mt on Monday, reaching the highest level since September 9.
The G20-HSFO Index sank by $2.50/mt to $480.50/mt, while the G20-MGO Index slipped by $1/mt to $738.50/mt.
ICE Brent crude futures fell by $0.59/bl to $73.90/bl on Monday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $7/mt to $604.50/mt, at Rotterdam they rose by $9.50/mt to $526.50/mt, at Fujairah they jumped by $8.50/mt to $591.50/mt, and at Houston they declined by $1.50/mt to $521/mt.
On Tuesday morning Brent futures were trading up by $0.82/bl from the previous session's close at $74.72/bl as of 6:40 AM in London. In metric tonne terms that would be equivalent to a $6.17/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
Popular Now More
-
Dec 16The new hire previously worked for ExxonMobil from December 2018 to October of this year. -
Dec 19The new board was appointed after an extraordinary general assembly of the association's members, incoming Chairman Mustafa Muhtaroğlu tells Ship & Bunker. -
Dec 17Ossi Mettälä, product manager at NAPA Shipping Solutions, discusses the upcoming FuelEU Maritime regulation and how the shipping industry can respond.