World News
BUNKER PRICES: G20-VLSFO Index Drops for First Session in Three
Bunker fuel prices sank at most ports on Wednesday, with global VLSFO prices declining for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $11/mt to $643/mt on Wednesday, reaching the lowest level since February 28. The G20-HSFO Index fell by $6/mt to $476/mt, while the G20-MGO Index declined by $21/mt to $913/mt.
ICE Brent crude futures lost $0.65/bl to $82.66/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $11/mt to $611/mt, at Rotterdam they dropped by $17.50/mt to $580/mt, at Fujairah they declined by $11/mt to $607.50/mt and at Houston they slipped by $3/mt to $634/mt.
On Thursday morning Brent futures were trading down by $0.09/bl at $82.57/bl as of 9:49 AM in London. In metric tonner terms that would amount to a $0.68/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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