World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Day
Bunker fuel prices continued to recover at most ports on Monday, with average global VLSFO prices advancing for a second session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9/mt to $574/mt on Monday, reaching the highest level since May 3. The G20-HSFO Index gained $3.50/mt to $480/mt, while the G20-MGO Index rose by $13/mt to $780.50/mt.
ICE Brent crude futures gained $1.71/bl to $77.01/bl on Monday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $8/mt to $569.50/mt, at Rotterdam they advanced by $5/mt to $533/mt, at Fujairah they gained $10.50/mt to $565.50/mt, and at Houston they jumped by $17/mt to $540/mt.
On Tuesday morning Brent crude futures were trading down by $0.80/bl at $76.21/bl as of 10:00 AM in London. In metric tonne terms that would be equivalent to a $6.02/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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.