World News
Major Ports Firm on Monday
Global bunker prices were mixed as the week opens, but major ports Houston, Rotterdam, Singapore, and Fujairah all saw gains.
In Asia Singapore IFO380 saw a double digit gain climbing $19.00 to $607.50, as did Hong Kong with IFO380 moving up $15.50 to $620.00.
Taiwan's Kaohsiung moved in the opposite direction, with IFO380 falling by $11.50, bringing the price to $648.50.
Rotterdam and Gothenburg both saw gains in IFO380 with prices moving up $14.50 to $581.00 and $7.50 to $600.00 respectively.
Fujairah also saw 380 cSt product gain double digits with the price moving up $17.00 to $615.00.
In the U.S. Houston firmed with IFO380 gaining $4.00 to $582.50, MGO also firmed moving up $7.50 to $877.00.
New York saw small changes with IFO380 creeping up $1.00 to $592.00.
LA / Long Beach was a notable exception in the U.S. with IFO380 continuing to fall, and a double digit loss of $17.00 moved the price to $606.50.
Crude continued its downward trend with WTI trimming a further $1.40 and closing at $82.70.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 491.00 | 2.50 | 592.50 | 16.50 |
| Rotterdam | 445.00 | 13.00 | 593.50 | 11.00 |
| Houston | 443.50 | 6.50 | 601.50 | 5.50 |
| Fujairah | 487.00 | 10.50 | 711.00 | 12.00 |
| Global 20 Ports Average | 517.50 | 1.50 | 697.00 | 3.00 |
| Global 4 Ports Average | 466.50 | 3.50 | 624.50 | 0.00 |
| Global Average Bunker Price | 559.50 | 2.50 | 736.00 | 2.00 |
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