World News
Ship & Bunker Price Indications Now Include Market Place Pricing from ClearLynx
Ship & Bunker today has announced a new collaboration with ClearLynx, the world's leading online technology company for the marine bunker buying industry, that will result in a significant improvement in the quality and value of the daily bunker price indications published by Ship & Bunker.
In addition to the select local and global physical suppliers, traders, and brokers already used by Ship & Bunker to calculate its daily average spot bunker price indications for over 150 ports world wide, its price calculation will now include market place pricing from ClearLynx.
"By collaborating with ClearLynx, the unique blend of data sources now used by Ship & Bunker to calculate our daily bunker price indications provides readers with the most realistic overview of the market," says Martyn Lasek, Editor, Ship & Bunker.
The new pricing model will take effect for indications published from October 2, 2017. Ship & Bunker publishes its price indications at the close of each market day.
"We look forward to this cooperation, and to bringing more insight to Ship & Bunker's readers to help them manage the risks in a volatile, complex market environment," says Gerry Van Geyzel, CEO, ClearLynx.
ClearLynx is one of the most established and rapidly growing players in the online bunker buying space. Its neutral, highly efficient transactional platform for connecting the buyers and sellers of marine fuel provides participants on both sides and the intermediaries with rich data besides price to help prepare for upcoming changes in supply leading up to 2020 and beyond, plus a host of other benefits including:
- Optimization / Planning tool
- Live pricing & historical data
- Updated port and supplier profiles
- Instantaneous coverage of suppliers
- Robust Contract module
- Mobile app connectivity
- Claims Management module
- Reporting & Performance Analytics
- Audit compliance
- Seamless integration capabilities with 3rd party softwares for buyers and suppliers
To learn more about ClearLynx please visit: https://www.clearlynx.com
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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