World News
Further Rising Bunker Prices on Tuesday
Ship & Bunker data showed global bunker prices continuing on an upward trend on Tuesday with the majority of ports seeing IFO prices make further gains.
Singapore IFO380 and MGO were up for a fourth consecutive market day, IFO380 gaining $8.00 to $687.00 per metric tonne (pmt) and MGO rising $11.00 to $1011.50 pmt.
Hong Kong IFO380 was up $12.00 to $702.00 pmt, while MGO continued upward for a fourth consecutive market day climbing $10.00 to $1022.50 pmt.
Rotterdam saw IFO380, 1.00% maximum sulfur 380 cSt product (LS380) and MGO all move up for a fourth consecutive market day. IFO380 was up $12.00 to $665.00, LS380 gained $13.00 to $730.50 and MGO climbed $10.50 to $995.50 pmt.
Fujairah 380 cSt product had a second consecutive day of gains moving up $11.50 to $700.50 pmt, while MGO was up for the first time since August 30, 2012 gaining $6.50 to $1041.50.
Houston IFO380 gained for a fourth consecutive market day up $0.50 to $668.50 pmt, LS380 climbed $7.50 to $771.00 and MGO added $1.50 to bring the price to $1055.50 pmt.
LA / Long Beach IFO380 was down for a second consecutive day losing $2.00 to $686.50, while LS380 was steady at $960.00 pmt bringing the premium for the low sulfur fuel to $273.50 pmt.
The WTI spot price moved down $1.17 (-1.21%) to close at $95.30 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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