World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices declining for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $605.50/mt on Wednesday, remaining at the lowest level since October 3.
The G20-HSFO Index rose by $1/mt to $502.50/mt, while the G20-MGO Index fell by $9/mt to $743.50/mt.
ICE Brent crude futures slipped by $0.03/bl to $74.22/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $3/mt to $591.50/mt, at Rotterdam they declined by $2.50/mt to $552.50/mt, at Fujairah they dropped by $4/mt to $582.50/mt, and at Houston they slipped by $7/mt to $535.50/mt.
On Thursday morning Brent futures were trading up by $0.28/bl from the previous session's close at $74.50/bl as of 10:19 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 6.00 | 661.50 | 4.00 |
| Rotterdam | 510.00 | 2.00 | 661.00 | 2.00 |
| Houston | 548.00 | 2.50 | 666.50 | 0.50 |
| Fujairah | 555.50 | 5.00 | 746.00 | 2.50 |
| Global 20 Ports Average | 582.50 | 1.50 | 753.00 | 1.50 |
| Global 4 Ports Average | 544.50 | 3.00 | 683.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 2.50 | 803.50 | 2.00 |
Popular Now More
-
Nov 11Ship & Bunker explores whether legal and compliance concerns are starting to outweigh the apps' unquestioned convince. -
Nov 11OFAC says efforts to evade sanctions are becoming increasingly sophisticated. -
Nov 14The new hire had previously worked for Lanka Marine Services since February 2017.