Global Maritime Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Bunker Fuel

Bunker Prices Outlook, Week 15

Editor by Editor
4 years ago
Reading Time: 2 mins read
MABUX Index W14
Share on FacebookShare on TwitterShare on Linkedin

MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT (+12.85 USD), VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34 USD from 572.70 USD/MT to 585.04 USD/MT.

RELATED POSTS

MABUX-Index-W-24

Bunker fuel outlook, Week 24

4 days ago
MABUX-Index-W-2

Bunker fuel outlook, Week 23

2 weeks ago
MABUX-Index-W-21

Bunker fuel outlook, Week 21

4 weeks ago

MABUX Index W14

The Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO –increased during the week and averaged 91.79 USD (87.54 USD last week).

SS Spread in Rotterdam has decreased during the week from 102.00 USD up to 100.00 USD (-2.00 USD), the average SS spread for the week has increased by 6.66 USD from 96.67 last week to 103.33 USD. In Singapore, SS Spread has also slightly decreased during the week – by 3.00 USD: from 115.00 USD to 112.00 USD, while the average weekly SS index rose by 7.33 USD: from 108.17 USD last week to 115.50 USD.

SS Spread Sing, Rott W.14

Correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark) in the four global largest hubs during the past week showed that 380 HSFO remain undervalued in three selected ports in a range from minus 2USD (Houston) to minus 38USD (Singapore). This kind of fuel is overcharged in Fujairah by 5USD. VLSFO according to DBP Index, is undervalued in a range from minus 7 USD (Rotterdam) to minus 20 USD (Singapore, Fujairah) in all selected ports except of Houston, where it is overpriced by +32 USD. MGO LS was also overvalued in Fujairah (+12USD) and Houston (+9USD). In Rotterdam and Singapore this type of fuel remained underpriced by minus 39USD and minus 40USD respectively.

DBP Index W.14

About 4.20 million metric tonnes (MT) of marine fuel were sold last month at the port of Singapore, that is 2.8% down from the 4.32 million MT recorded a year ago. However, last month’s total represented a 1.9% increase on the 4.12 million mt of marine fuel sales recorded at the global bunker hub in February 2021. A total of 12,822,400 mt of marine fuel was sold during the first three months of 2021. In contrast, during the same period in 2020, the Maritime and Port Authority of Singapore recorded 12,716,700 mt of bunker sales.

Monjasa declared that the company sold 4.9 million MT of bunker fuel in 2020 in spite of a global market contraction due to the pandemic, with volumes in its Southeast Asian business surging by 80%. According to Monjasa’s Annual Report for 2020, in spite of the supply chain dislocation caused by the pandemic and the resulting decline in bunker demand, the company posted an increase in volumes every month last year compared to 2019 levels. The company highlighted notable volume increases in the Americas and Southeast Asia. With high activity levels at the Panama Canal and across the US, the company’s Americas’ business recorded a 22% quantity hike, reaching a total volume of 1.4 million mt for the year.

Source: Mabux

Follow on Twitter:

[tfws username=”MabuxAB” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: bunker fuelGlobal Scrubber SpreadHSFOMABUXmarket bunker pricesMonjasaRotterdamSingaporeVLSFO
Editor

Editor

Related Posts

MABUX-Index-W-24
Bunker Fuel

Bunker fuel outlook, Week 24

4 days ago
MABUX-Index-W-2
Bunker Fuel

Bunker fuel outlook, Week 23

2 weeks ago
MABUX-Index-W-21
Bunker Fuel

Bunker fuel outlook, Week 21

4 weeks ago
LNG-fueled-Container- Ships
Bunker Fuel

LNG-fueled Container Ships make up over half of the entire orderbook

1 month ago
MABUX-Index-W-20
Bunker Fuel

Bunker fuel outlook, Week 20

1 month ago
MABUX-Index-W-19
Bunker Fuel

Bunker fuel outlook, Week 19

1 month ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Panama-Canal

Neo Sub-Panamax Container Ships cross the Panama Canal in record numbers

June 5, 2025
MABUX-Index-W-21

Bunker fuel outlook, Week 21

May 22, 2025
Charter-market

Charter market welcomes US-China tariff pause

May 16, 2025

Recent Post

methanol-enabled-AXEL-MAERSK

The 16,592 TEU methanol-enabled AXEL MAERSK was recently delivered to Maersk, completing a first series of twelve Equinox-I type mainline container ships!

June 12, 2025
'large-cap'-valuation

Six public container carriers hit ‘large-cap’ valuation in May

June 12, 2025
US-volumes-test- tonnage-supply

US volumes test tonnage supply, uncertainty looms

June 12, 2025
MABUX-Index-W-24

Bunker fuel outlook, Week 24

June 12, 2025
Panama-Canal

Neo Sub-Panamax Container Ships cross the Panama Canal in record numbers

June 5, 2025
liner-trade

Europe-Far East remains by far the largest liner trade!

June 5, 2025
Global-Maritime-Hub- Logo

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

The 16,592 TEU methanol-enabled AXEL MAERSK was recently delivered to Maersk, completing a first series of twelve Equinox-I type mainline container ships!

Six public container carriers hit ‘large-cap’ valuation in May

US volumes test tonnage supply, uncertainty looms

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!