World News
BUNKER PRICES: G20-VLSFO Index Advances With Crude
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices climbing with crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $532/mt on Wednesday, having reached its lowest level since May 12 the previous day.
The G20-HSFO Index jumped by $2/mt to $459.50/mt, while the G20-MGO Index fell by $0.50/mt to $706/mt.
ICE Brent crude futures rose by $0.81/bl to $64.90/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $1/mt to $510/mt, at Rotterdam they advanced by $3/mt to $472.50/mt, at Fujairah they jumped by $2/mt to $502/mt, and at Houston they were little changed at $472/mt.
On Thursday morning Brent crude futures were trading up by $0.92/bl from the previous session's close at $65.82/bl as of 6:06 AM in London. In metric tonne terms that would be equivalent to a $6.93/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.50 | 3.50 | 605.00 | 4.50 |
| Rotterdam | 471.50 | 1.00 | 616.00 | 3.50 |
| Houston | 475.00 | 3.00 | 600.00 | 19.00 |
| Fujairah | 503.00 | 1.00 | 712.00 | 3.00 |
| Global 20 Ports Average | 532.00 | 0.00 | 706.00 | 0.00 |
| Global 4 Ports Average | 489.00 | 0.50 | 633.50 | 2.00 |
| Global Average Bunker Price | 570.00 | 1.50 | 755.50 | 2.00 |
Popular Now More
-
May 30Søren Høll has stepped down as head of global operations at Bunker Holding as of this month. -
May 27Chris Young has recently joined the company as management consultant, a Sekavin representative tells Ship & Bunker. -
May 28ScanOcean tells Ship & Bunker it expects biofuel demand to grow in the latter part of this year as many shipowners holding off on compliance purchases under FuelEU Maritime begin to act.