Bunker prices mostly sank at ports around the world on Tuesday, with global average VLSFO prices dropping for a third consecutive trading session.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports sank by $6/mt to $/mt on Tuesday, reaching its lowest level since April 2021.
The G20-HSFO Index declined by $8/mt to $/mt, while the G20-MGO Index lost $/mt to $/mt.
ICE Brent crude futures dropped by $/bl to $/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $6/mt to $/mt, at Rotterdam they declined by $2/mt to $/mt, at Fujairah they sank by $16/mt to $/mt, and at Houston they dropped by $/mt to $/mt.
On Wednesday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 5:53 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
