World News
BUNKER PRICES: G20-VLSFO Index Advances After Easter Weekend
Bunker fuel prices rose at most ports on Monday, with average global VLSFO prices after thin trading over the Easter weekend.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $636.50/mt on Monday, with thin trading after public holidays for Easter over the weekend in Europe and Singapore. The G20-HSFO Index was little changed at $518.50/mt, while the G20-MGO Index was little changed at $887/mt.
ICE Brent crude futures lost $0.94/bl to $84.18/bl on Monday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices were little changed at $610.50/mt, at Rotterdam they were little changed at $595/mt, at Fujairah they advanced by $7/mt to $618/mt and at Houston they were little changed at $612.50/mt.
On Tuesday morning Brent crude futures were trading up by $0.70/bl at $84.88/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $5.27/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 |
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