World News
BUNKER PRICES: G20-VLSFO Index Rises for Third Day
Bunker fuel prices advanced for a third consecutive session at most ports on Thursday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $682/mt on Thursday, taking it to the highest level since February 2. The G20-HSFO Index jumped by $4/mt to $453/mt, while the G20-MGO Index declined by $1/mt to $966.50/mt.
ICE Brent crude futures lost $0.59bl to $84.50/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $6.50/mt to $669/mt, at Rotterdam they advanced by $3.50/mt to $597/mt, at Fujairah they climbed by $14.50/mt to $661/mt and at Houston they were unchanged at $630.50/mt.
On Friday morning Brent futures were trading up by $2.09/bl at $86.59/bl as of 10:00 AM in London. In metric tonne terms that would amount to a $15.74/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.