World News
Bunker Prices Soften Again on Tuesday
Bunker prices softened again on Tuesday after some key markets saw gains at the start of the week.
After Monday's double-digit gain Singapore's IFO380 moved down $11.50 to $596.00 per metric tonne (pmt), while Hong Kong's IFO380 also dropped double-digits shedding $10.50 to $609.50.
As per Monday, Taiwan's Kaohsiung once again moved in the opposite direction, with IF380 moving up $15.50 to $644.00.
In Northern Europe, Rotterdam's IFO380 dropped $9.00 moving the price to $572.00 pmt while Gothenburg's 380 cSt product moved down $6.00 to $594.00.
Further South Piraeus saw some gains with IFO380 moving up $2.50, bringing the price to $604.50 pmt.
Houston saw IFO380 soften with the price moving down $4.50 to $578.00, and New York had a second day of gains for this week with IFO380 edging up $1.50 to $593.50.
On the West coast of the U.S., LA / Long Beach saw IF380 move down $3.50 to $605.50.
Crude firmed with WTI moving up $0.62 closing at $83.32.
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 |
Popular Now More
-
Apr 30The new hire was previously director of marine fuel marketing at UET Marine in Houston. -
May 01The new hire previously worked as a bunker trader for KPI OceanConnect from May 2024 to last month. -
May 01The US government's push to update outdated LNG regulations could unlock new opportunities for bunkering infrastructure.