World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Four Sessions
Bunker fuel prices advanced at most ports on Thursday, with global average VLSFO prices rising for the first time this week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $589.50/mt on Thursday, having reached the lowest level since September 12 the previous day.
The G20-HSFO Index rose by $3/mt to $486/mt, while the G20-MGO Index climbed by $3/mt to $733/mt.
ICE Brent crude futures advanced by $1.23/bl to $74.88/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $10/mt to $591.50/mt, at Rotterdam they rose by $8/mt to $515/mt, at Fujairah they jumped by $4/mt to $576/mt, and at Houston they declined by $1/mt to $515/mt.
On Friday morning Brent futures were trading down by $0.07/bl from the previous session's close at $74.81/bl as of 7:41 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
Popular Now More
-
Dec 16The new hire previously worked for ExxonMobil from December 2018 to October of this year. -
Dec 19The new board was appointed after an extraordinary general assembly of the association's members, incoming Chairman Mustafa Muhtaroğlu tells Ship & Bunker. -
Dec 17Ossi Mettälä, product manager at NAPA Shipping Solutions, discusses the upcoming FuelEU Maritime regulation and how the shipping industry can respond.