World News
BUNKER PRICES: G20-VLSFO Index Rises for First in Nine Sessions
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices climbing for the first in nine consecutive trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $521.50/mt on Tuesday, reaching its highest level since September 9.
The G20-HSFO Index rose by $2.50/mt to $440.50/mt, while the G20-MGO Index jumped by $4.50/mt to $764.50/mt.
ICE Brent crude futures jumped by $1.03/bl to $68.47/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $7.50/mt to $489/mt, at Rotterdam they declined by $2/mt to $458.50/mt, at Fujairah they advanced by $6/mt to $486/mt, and at Houston they climbed by $8.50/mt to $494/mt.
On Wednesday morning Brent crude futures were trading down by $0.12/bl from the previous session's close at $68.35/bl as of 6:16 AM in London. In metric tonne terms that would be equivalent to a $0.90/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 489.00 | 7.50 | 672.50 | 0.00 |
| Rotterdam | 458.50 | 2.00 | 674.50 | 3.00 |
| Houston | 494.00 | 8.50 | 682.50 | 3.50 |
| Fujairah | 486.00 | 6.00 | 730.00 | 2.00 |
| Global 20 Ports Average | 521.50 | 5.00 | 764.50 | 4.50 |
| Global 4 Ports Average | 482.00 | 5.00 | 690.00 | 2.00 |
| Global Average Bunker Price | 562.50 | 4.50 | 803.00 | 1.50 |
Popular Now More
-
Sep 16The firm has established its new Algoa Bay operation in collaboration with local logistics and bunker barge company Linsen Nambi. -
Sep 16The firm will concentrate on global markets, with an emphasis on Asia and South America. -
Sep 15The firm has hired Tom Ireland to lead the new office, serving as head of bunkers for the Americas.