Bunker fuel prices at Far Eastern ports close the week lower
According to the IAA PortNews Bunker Price Bulletin, the average indicative price ends the week on bearish mood with the high-sulfur product IFO380 НS settling $5.0 lower in the Port of Vladivostok at $413.0 pmt, IFO180 НS – at 423.0 pmt (- $7.0), and MGO – at $700.0 pmt.
The lowest fuel oil price settled at $400.0 pmt. USD prices for MGO (DMB) product were ranging around $700.0 and for MGO (DMA) at $730.0 pmt.
MGO price at the Port of Singapore remained at $550.0 pmt.
Bunker suppliers say they face MGO shortage in the region.