The BW0.5%S Index ended Nov. 26 at $381/mt, up $1/mt on the day, up $28/mt on the week and up $62/mt on the month. Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Dec.17 still showed undercharging of VLSFO bunker grades in Singapore (-6 USD) and overcharging in other selected ports. The recent demand surge also coincided with a seasonal boost from the Middle East, which imports fuel oil for use in electricity generation during the hotter summer months. The World Bunker Index MABUX showed insignificant irregular changes in the last 7 days – the same trend as week before. Shipping companies miss cheaper bunker options in 3 out of every 10 voyages, adding +$200/day of cost across all trips. Freight segments, total throughput, port infrastructure and the Top 20 European ports. We expect bunker prices may demonstrate slight downward changes today: 1-3 USD down for IFO and 4-6 USD down for MGO. The hedging strategy most commonly used to hedge bunker fuel is known as a fixed price swap. Nobody knows where demand will go in the immediate term, and there are doubts for the medium and long term as well. At Platts Bunkerworld we are committed to understanding the unique needs and expectations of our customers. Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis. Throughout the development of the … In mid-2008, fuel costs were reported to account for as much as 50 per cent–60 per cent of total New low-sulphur bunker oil popular in Rotterdam. The Brent benchmark traded at the premium of $3.40 to WTI. What could be the best fuels to decarbonise shipping? Latest Global Average Bunker Price bunker prices, analysis, trends, and history. West Texas Intermediate for January fell by $0.21 to $46.57 a barrel on the New York Mercantile Exchange. Cuts by the OPEC+ combined with sanctions on Venezuela and Iran, hitting supplies of heavier crude and forcing processors in the U.S. and India to boost buying of high-sulfur fuel oil to use as an alternative feedstock in their refineries. The price of these swaps is based on the forward market prices for the most "liquid" (actively traded) bunker fuel price indices such as Platts Gulf Coast 3% fuel oil, Platts Rotterdam 3.5% fuel oil or Platts Singapore High Sulfur fuel oil 380 CST. By clicking “Accept”, you consent to the use of ALL the cookies. Rotterdam LNBRT00 11.900 LNBRM00 156.787 MMBtu to $/mt factor: 38.643; MWh to $/mt factor: 11.322. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. More information will be published in mid-2020. Bunker Prices of IFO380, IFO180, MDO, MGO-0.1%, L.S. Shipping companies miss cheaper bunker options in 3 out of every 10 voyages, adding +$200/day of cost across all trips. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Every year, some 11 million m3 of bunker fuel is supplied to vessels in Rotterdam. VLSFO – USD/MT – 413.00 (+7.00) The U.S. Food and Drug Administration (FDA) granted emergency use authorization to BNT162b2, the COVID-19 vaccine co-developed by Pfizer and BioNTech SE on Dec. 11. © 2020 GlobalMaritimeHub | All Rights Reserved. The 380 HSFO index rose slightly: from 303 to 305 USD/ MT (+2 USD), VLSFO gained 1 USD: from 361 to 362 USD / MT, MGO was steady: 443 USD / MT (0 USD). At the same time, 380 HSFO is overcharged in all ports except of Rotterdam (-6 USD). Countries and Top Ports. The bunker price page for port Rotterdam in The Netherlands displays latest bunker price at Rotterdam. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 +44 (0) 203 874 7740. team(at)bunker-ex.com Container News-April 8, 2020 0. Oct 08, 2020 Open in Who Shared Wrong byline? (Mabux) Some weeks ago, it looked like oil and fuel demand recovery would not have V-shape mode, but the recent resurgence in COVID-19 cases in many parts of the world and the real possibility of new lockdowns has slowed the fragile recovery again. 8 Reflecting rising oil prices, by the end of 2007, prices for bunker fuel oil (380 cst) had increased by 73 per cent in Rotterdam, 76 per cent in Singapore and 79 per cent in Los Angeles compared to the same period during the previous year. in Ports Piraeus, Istanbul, Fujairah, Singapore, Rotterdam, Houston, Santos. The 380 HSFO index rose from 330.49 USD/MT to 338.99 USD/ MT (+8.50 USD), VLSFO gained 13.00 USD: from 406.00 USD/MT to 419.00 USD/MT while MGO added 14.37 … Correlation of weekly MBP Index (Market Bunker Prices) vs weekly DBP Index (Digital Bunker Prices) in the four largest hubs over the past week showed that 380 HSFO fuel still remains undervalued slightly in Rotterdam (minus 8 USD). BunkerEx also offers a fast tool to find optimal bunker ports when planning voyages. The new low-sulphur bunker oil VLSFO (Very Low Sulphur Fuel Oil with a maximum 0.5% sulphur) has become extremely popular in Rotterdam, Europe’s largest bunker port. Europe, has announced that it is anticipated that the number of U.S active rigs. Demand will go in the immediate term, and there are doubts for the next time bunker index rotterdam.. In Rotterdam 1-month trial everything that Bunkerworld has to offer in our product information.. 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