Bunker Prices are updated more than once in a day. For the week ending April 15, 2016, the average bunker fuel price ranged from $233 per ton to $248 per ton. Track physical bunker prices online. The Bunker Prices List displays bunker prices at A New World for Marine Fuel. 6. S&P Global Platts Analytics expects global benchmark Dated Brent prices to average $41/b in 2020, before rising to $46/b in 2021. The fuel requires to be preheated before it can be used. The bunker prices at main ports are updated many times every day. All of the fuel supplied by these tankers meet international bunker specifications and conform to Regulations 14 and 18 of Annex VI of MARPOL 73/78. On November 10, 2017, the average bunker fuel price was $417 per ton—compared to $398 per ton on November 3, 2017. The move to a lower sulphur bunker fuel doesn’t come cheap. Bunker C: Bunker fuel is the colloquial term for fuel oil used by marine vessels. The global bunker fuel market size was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027.Bunker fuel is a fuel oil used in marine vessels. As featured in. ClearLynx Bunker Fuel Management Platform drives industry best practice through workflows and audit trails. Digital bunker prices (DBP) MABUX has invented a parallel bunker market called the DIGITAL BUNKER MARKET, which relates entirely to Oil Future differentials - giving Digital Bunker Prices (DBP).. MABUX advises that DBP - The New Benchmark - should be the base for physical bunker prices.. A tool to make Bunker Price Mechanism more transparent: created from a much broader source of information View bunker prices Market trends and reports BIMCO's own free-to-use fleet graphics and 3rd party market reports on sale & purchase, newbuilding, demolition, dry bulk and oil tankers. We enable you to unlock the market and find alternative high-quality fuel bunkering at competitive prices… A single scenario of bunker fuel prices for different ports is considered for the APX service route. Bunker fuel is a type of liquid fuel which is fractionally distilled from crude oil.Also known as fuel oil, this material can be broken down into different categories based on its chemical composition, intended purpose, and boiling temperature.In comparison with other petroleum products, bunker fuel is extremely crude and highly polluting. World 3 [? Global cargo and bunker fuel prices, 0.5% VLSFO & global shipping market analysis. Bunker fuels A, B, and C are respectively downgrading quality-classifications of fuel oil, characterized by their boiling points, carbon-chain lengths, and viscosities, all of which contribute to their value (in other words, Bunker A is more valuable than Bunker C) (see Fig. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Bergen in USD (US Dollars) per Metric tons (Mts). The bunker fuel prices are calculated after collecting the prices from many different and reliable sources. It correlates with crude oil prices. ]: Subscribe for a year or order a 1-month trial. Bunker Procurement: Solved BunkerPlanner assists operators and bunker buyers in finding the best bunker purchasing plan and improves voyage margins by hundreds of $/day, while considering all operational, regulatory, environmental, and commercial constraints. In the first scenario, let's assume that bunker fuel prices increase and that the average price for Platts Rotterdam 3.5% fuel oil during the month of September is $285/MT. Yara is one of the so-called “Big three” Group (Wartsila, Alfa Laval and Yara Marine) which held around 75% of the entire scrubber market in 2018. About 65-70% of this is currently a 3.50% residual fuel, or at least a higher sulphur fuel. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? BULK & Bunker fuel prices, 0.5% VLSFO & global shipping market analysis. Click here. 6 is the most common, "bunker fuel" is often used as a synonym for No. It’s smart yet simple: You can find, connect and save by scanning the market for the best price and availability of bunker fuel and lubricants. ABOUT US. Bunker fuel started to be used in the shipping industry increasingly in the 1950’s as it is the primary power source for the vessel engine. In this scenario, your hedge would result in a "gain" of $50/MT ($285 - $235 = $50) or $125,000 ($50 x 2,500 MT). Bunker fuel is any fuel used on board a ship. A mobile app and live chat bring ease to communication and collaboration within your team. These prices are the average of … With the cost of bunker fuel at $552 per ton, and with fuel consumption of 217 tons per day, a single 28-day round trip voyage for this one vessel would produce a fuel bill of $3,353,952. 4 or No. Bunker Fuel Market Outlook - 2027. BunkerPlanner can be set up very quickly, as it interfaces with your existing VMS. Built in email connectivity help you match suppliers with ports and manage confirmations, amendments, claims, fuel tests, documentation and invoicing. 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). 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