The cost of VLSFO bunkers in the four main bunkering hubs of Singapore, Fujairah, Rotterdam, and Houston has continued to fall, hitting a record low on Tuesday US$180/tonne, according to Ship & Bunker’s Global 4 Ports (G4) index.
This is the lowest level of bunker costs since April 2019, when the G4 index for IFO380 was US$179/tonne.
The current global level of VLSFO is US$230/tonne with the largest decline of US$22.5/tonne in Central America and the biggest gain of US$19.5/tonne in South Europe. The fuel gap range between 380HFO and VLSFO varies this week from US$20/tonne to US$25/tonne.
