12.2 C
Hamburg
Thursday, June 5, 2025
Home Sticky News MABUX reports irregular changes for fuel indexes

MABUX reports irregular changes for fuel indexes

According to the weekly outlook of Marine Bunker Exchange (MABUX) for bunker prices, fuel indices demonstrated irregular changes.

The 380 HSFO index rose to US$518.65/MT, the VLSFO index, in turn, fell by US$16.60, reaching US$761.69/MT and the MGO index also lost US$29.85, reaching US$1,130.70/MT.

Global Scrubber Spread (SS) – the price differential between 380 HSFO and VLSFO – continued its firm decline over week 46, reaching US$243.04. In Rotterdam, SS Spread also decreased to US$195, while in Singapore, the 380 HSFO/VLSFO price difference has dropped to US$247.

“It is expected that SS Spread will continue narrowing next week,” pointed out a MABUX representative.

The benchmark natural gas prices in Europe and the United States jumped as forecasts point to below-normal temperatures across most of America and a cold spell in northwest Europe this week.

The price of LNG as bunker fuel at the port of Sines in Portugal rose to US$1,716/MT on 14 November.

Thus, the price of LNG exceeds the cost of the most expensive traditional bunker fuel by US$609 also on 14 November, the price of MGO LS in the port of Sines was quoted at US$1,107/MT.

Over week 46, the MDI Index (comparison of MABUX market bunker prices (MBP Index) vs MABUX digital bunker benchmark (DBP Index)) continued to register an underestimation of 380 HSFO fuel grades in all four selected ports.

The underprice margins moderately decreased and showed, in Rotterdam – minus US$120, Singapore – minus US$136, Fujairah – minus US$196 and Houston – minus US$84.

In the VLSFO segment, according to MDI, Houston returned to the overpricing zone, joining Singapore, plus US$1 and plus US$11, respectively. Rotterdam remained undervalued by minus US$42 and Fujairah by minus US$4. Undercharge premium declined slightly, while overcharge increased.

In the MGO LS segment, MDI registered fuel underpricing in two out of four selected ports, Rotterdam – minus US$68 and Houston – minus US$37. Singapore returned to the overpricing zone and joined Fujairah, plus US$11 and plus US$130 respectively. MDI Index did not have a firm trend in this bunker fuel segment.

“The global bunker market is still in a phase of irregular changes looking for a sustainable
trend,” commented Sergey Ivanov, director of MABUX.





Latest Posts

We Asked AI: AI robots handling shipping operations

Artificial intelligence robots are increasingly being used to control and optimize shipping operations across global ports and logistics hubs. These advanced systems manage tasks such...

China’s military posturing affects shipping realignments in Indian Ocean

As China continues its assertive military drills across key Indo-Pacific maritime routes, ripples of geopolitical tension intersect with dramatic shifts in maritime trade logistics. The...

MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...
error: Content is protected !!