Baltic Exchange: Bunker Report (13 July, 2023)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary:

Bunker prices in the Atlantic basin (ARA / USG) are up marginally, about 3-5% depending on exact grade & location, but availability is still more than sufficient in the area. What’s noteworthy this week is the much wider high/low ranges among most grades, with a bit more volatility than we’ve seen thus far during northern hemisphere summer holiday season. Underlying crude prices have been very reactive of late, and with a few refinery hiccups, sourcing bunkers requires closer than normal attention and planning. That said, inventory for crude and middle distillates is up (in the US), and demand is down, again despite it being the height of travel season.

Note:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business on Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels

Photo credit and source: Baltic Exchange
Published: 14 July, 2023