![Bunker Prices in Primary Ports End September at their Highest in Over a Year [ Graph ]](https://static.shipandbunker.com/a/img/8ea33846ff63ab493d8b2912e7edaf5b.jpg)
Global 20 Ports Average for IFO380 is the linear average of the following 20 major global bunkering ports, that together are responsible for a vast majority of global volumes: Busan, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Istanbul, LA/Long Beach, Las Palmas, Mumbai, New York, Panama, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St Petersburg, Tokyo.
Global 4 Ports Average for IFO380 is the linear average of Singapore, Rotterdam, Fujairah, and Houston, which together represents approximately 25% of global bunker volumes.
Global Average Bunker Price for IFO380 is the linear average of all Ship & Bunker price indications on a given day.
Bunker prices in the primary ports at the end of September were at their highest in over a year, according to Ship & Bunker data.
Ship & Bunker's Global 20 Ports Average for IFO380 bunkers, which tracks the average price on bunkers across 20 of the world's key bunkering ports, Friday rose $2 to $267.50/mt - the highest since August 17, 2015 when it was $270/mt.
Ship & Bunker's Global 4 Ports Average for IFO380 bunkers, which tracks the average price across Singapore, Houston, Rotterdam, and Fujairah, Friday hit a 19 month high, rising $1.50 to end the month at $260/mt - the highest since $261.50/mt on January 14, 2015.
As the above graph shows, however, bunker prices are still much lower than they have been in recent previous years.
Ship & Bunker's Global 20 Ports Average for IFO380 bunkers was $746.00/mt on March 14, 2012.
Ship & Bunker's Global 04 Ports Average for IFO380 bunkers was $734.50/mt on March 19, 2012.
