Global 20 Ports Average
Latest Prices, VLSFO
| Date | Price $/mt | Change | High | Low | Spread |
|---|---|---|---|---|---|
| W Mar 25 | 936.50 | -38.00 | 936.50 | 936.50 | 0.00 |
| T Mar 24 | 974.50 | -61.00 | 974.50 | 974.50 | 0.00 |
| M Mar 23 | 1035.50 | -17.50 | 1035.50 | 1035.50 | 0.00 |
| F Mar 20 | 1053.00 | +4.50 | 1053.00 | 1053.00 | 0.00 |
| T Mar 19 | 1048.50 | +34.50 | 1048.50 | 1048.50 | 0.00 |
| W Mar 18 | 1014.00 | -3.00 | 1014.00 | 1014.00 | 0.00 |
| T Mar 17 | 1017.00 | -19.50 | 1017.00 | 1017.00 | 0.00 |
| M Mar 16 | 1036.50 | +14.00 | 1036.50 | 1036.50 | 0.00 |
| F Mar 13 | 1022.50 | +17.50 | 1022.50 | 1022.50 | 0.00 |
| T Mar 12 | 1005.00 | +45.00 | 1005.00 | 1005.00 | 0.00 |
| W Mar 11 | 960.00 | +53.00 | 960.00 | 960.00 | 0.00 |
Latest Prices, MGO
| Date | Price $/mt | Change | High | Low | Spread |
|---|---|---|---|---|---|
| W Mar 25 | 1537.00 | -31.50 | 1537.00 | 1537.00 | 0.00 |
| T Mar 24 | 1568.50 | -54.50 | 1568.50 | 1568.50 | 0.00 |
| M Mar 23 | 1623.00 | +21.50 | 1623.00 | 1623.00 | 0.00 |
| F Mar 20 | 1601.50 | 0.00 | 1601.50 | 1601.50 | 0.00 |
| T Mar 19 | 1601.50 | +91.50 | 1601.50 | 1601.50 | 0.00 |
| W Mar 18 | 1510.00 | +16.50 | 1510.00 | 1510.00 | 0.00 |
| T Mar 17 | 1493.50 | -27.50 | 1493.50 | 1493.50 | 0.00 |
| M Mar 16 | 1521.00 | +43.50 | 1521.00 | 1521.00 | 0.00 |
| F Mar 13 | 1477.50 | +37.50 | 1477.50 | 1477.50 | 0.00 |
| T Mar 12 | 1440.00 | +61.00 | 1440.00 | 1440.00 | 0.00 |
| W Mar 11 | 1379.00 | +94.00 | 1379.00 | 1379.00 | 0.00 |
Latest Prices, IFO380 (HSFO)
| Date | Price $/mt | Change | High | Low | Spread |
|---|---|---|---|---|---|
| W Mar 25 | 777.00 | -44.50 | 777.00 | 777.00 | 0.00 |
| T Mar 24 | 821.50 | -48.00 | 821.50 | 821.50 | 0.00 |
| M Mar 23 | 869.50 | -4.50 | 869.50 | 869.50 | 0.00 |
| F Mar 20 | 874.00 | -42.00 | 874.00 | 874.00 | 0.00 |
| T Mar 19 | 916.00 | +55.00 | 916.00 | 916.00 | 0.00 |
| W Mar 18 | 861.00 | +13.50 | 861.00 | 861.00 | 0.00 |
| T Mar 17 | 847.50 | -24.00 | 847.50 | 847.50 | 0.00 |
| M Mar 16 | 871.50 | +0.50 | 871.50 | 871.50 | 0.00 |
| F Mar 13 | 871.00 | +9.00 | 871.00 | 871.00 | 0.00 |
| T Mar 12 | 862.00 | +68.00 | 862.00 | 862.00 | 0.00 |
| W Mar 11 | 794.00 | -11.50 | 794.00 | 794.00 | 0.00 |
Latest Prices, Scrubber Spread
| Date | Price $/mt | Change | High | Low | Spread |
|---|---|---|---|---|---|
| W Mar 25 | 159.50 | +6.50 | 159.50 | 159.50 | 0.00 |
| T Mar 24 | 153.00 | -13.00 | 153.00 | 153.00 | 0.00 |
| M Mar 23 | 166.00 | -13.00 | 166.00 | 166.00 | 0.00 |
| F Mar 20 | 179.00 | +46.50 | 179.00 | 179.00 | 0.00 |
| T Mar 19 | 132.50 | -21.00 | 132.50 | 132.50 | 0.00 |
| W Mar 18 | 153.50 | -16.00 | 153.50 | 153.50 | 0.00 |
| T Mar 17 | 169.50 | +4.50 | 169.50 | 169.50 | 0.00 |
| M Mar 16 | 165.00 | +13.00 | 165.00 | 165.00 | 0.00 |
| F Mar 13 | 152.00 | +9.00 | 152.00 | 152.00 | 0.00 |
| T Mar 12 | 143.00 | -23.00 | 143.00 | 143.00 | 0.00 |
| W Mar 11 | 166.00 | +64.50 | 166.00 | 166.00 | 0.00 |
Global 20 Ports Average Bunker Price Forecast
| Period | VLSFO | MGO | HSFO |
|---|---|---|---|
| 2026 Q1 | 623 | 903 | 537 |
| 2026 Q2 | 708 | 1027 | 611 |
| 2026 Q3 | 590 | 856 | 509 |
| 2026 Q4 | 547 | 794 | 472 |
| Full Year 2026 | 617 | 894 | 532 |
| 2027 Q1 | 516 | 749 | 445 |
| 2027 Q2 | 508 | 737 | 438 |
| 2027 Q3 | 500 | 726 | 432 |
| 2027 Q4 | 493 | 715 | 425 |
| Full Year 2027 | 504 | 731 | 435 |
Terminology
Biofuel is a VLSFO biofuel blend, B24 in Singapore (24% biofuel) and typically a B30 (30% biofuel) elsewhere.
Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne.
EUA is the price in Euros for 1 (one) EU Emissions Allowance (EUA).
EUA-USD is the USD price for 1 (one) EUA converted at the prevailing exchange rate.
EUAHSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of HSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAMGO is the total EUA cost to offset 1 (one) metric tonne (mt) of MGO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAVLSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of VLSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc).
LNG is the USD price for one metric tonne of LNG.
LNG-380e is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of IFO380 bunker fuel.
LNG-MGOe is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of MGO.
LS180 & LS380 are Max 1.0% Sulfur Bunkers.
LSMGO is Max 0.10% Sulfur Distillate (DMA, DMZ) for Compliance with 2015 ECA Regulations.
MDO is Max 1.50% Sulfur Distillate (DMB).
MEoH is the price per tonne of pure conventional / grey methanol.
MEoH-MGOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of MGO.
MEoH-VLSFOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of VLSFO bunker fuel.
MGO is, unless otherwise specified, a Max 1.50% Sulfur "Clear and Bright" Distillate (DMA, DMZ, etc).
SS is the 'scrubber spread' - the premium for 0.50%S VLSFO over >0.50%S HSFO. The spread is the price differenctial between the two fuels before their respective half dollar rounding, with the resulting spread then rounded to the nearest half dollar.
ULSFO is Max 0.10% Sulfur Fuel Oil for Compliance with 2015 ECA Regulations.
VLSFO is Max 0.5% Sulfur fuel (Also known as IMO2020 grade bunkers).
WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne.
Learn more about our price methodology here: https://shipandbunker.com/about/about-sb-prices
About Ship & Bunker Average Bunker Prices
All prices are quoted in USD $ per metric tonne.
Global Average Bunker Price is the linear average of all Ship & Bunker price indications for each fuel grade on a given day.
Global 4 Ports Average is, for each grade of fuel, the linear average of Singapore, Rotterdam, Fujairah, and Houston, which together represents approximately 25% of global bunker volumes.
Global 20 Ports Average is, for each grade, the linear average of the following 20 major global bunkering ports, that together are responsible for a significant proportion of global volumes: Busan, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Istanbul, LA/Long Beach, Las Palmas, Mumbai, New York, Panama, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St Petersburg, Tokyo.
Top Ports
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 839.00 | 55.50 | 1661.50 | 122.50 |
| Rotterdam | 730.50 | 27.00 | 1261.50 | 73.00 |
| LA / LB | 1022.50 | 103.50 | 1386.50 | 80.00 |
| Houston | 782.00 | 19.50 | 1248.50 | 27.00 |
| Fujairah | 863.00 | 78.50 | 1566.50 | 74.00 |
| Istanbul | 979.00 | 1.50 | 1368.00 | 49.50 |
| Piraeus | 868.50 | 6.00 | 1407.50 | 10.00 |
| Gibraltar | 787.50 | 37.00 | - | |
| Hong Kong | 920.00 | 41.00 | 1468.50 | 72.50 |
Popular Now
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Mar 25Chinese shipping firm restarts Far East shipments to key Gulf countries, but warns conditions remain uncertain. -
Mar 24The refinery is a significant source of VLSFO, as well as other marine fuel grades, for the US Gulf bunker market. -
Mar 26The tanker Altura was hit by an unmanned marine vehicle 15 miles from the Bosphorus in the Black Sea on Thursday morning.