Ship & Bunker has today launched six new bunker price indices that, for each of the major grades of marine fuel, quickly show the overall trends in both global and regional bunker price movements.
Each of the six average indices is broken down by grade – IFO380, IFO180, and MGO.
The Global Average Bunker Price is the per-grade linear average of all Ship & Bunker price indications for a given day.
The Global 4 Ports Average is, for each grade, the linear average of Singapore, Rotterdam, Fujairah, and Houston indications, which together represents approximately 25 percent of global bunker volumes.
The Global 20 Ports Average is, for each grade, the linear average of indications from the following 20 major global bunkering ports, that together are responsible for a large majority of global bunker volumes: Busan, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Istanbul, LA/Long Beach, Las Palmas, Mumbai, New York, Panama, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St Petersburg, Tokyo.
In addition to the three global indices, Ship & Bunker has also introduced three regional indices which, for each fuel grade, are the linear average of all Ship & Bunker’s price indications from ports in the APAC, EMEA, and Americas regions.
The indices are published on Ship & Bunker and located here: http://shipandbunker.com/average_bunker_prices
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