Global bunker fuel prices fell sharply on Tuesday as crude saw a second consecutive day of significant losses. Key price indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 drop between $11.00 and $12.00 pmt, Ship & Bunker reports.
Singapore IFO380 fell for a second consecutive day losing $12.00 to $677.50 per metric tonne (pmt), and MGO dropped $16.00 to $992.00 pmt.
Hong Kong saw IFO380 move down for a second consecutive day falling $8.00 to $694.00 pmt, while MGO dropped for the first time since September 11, 2012 losing $11.00 to $1007.00 pmt.
Rotterdam IFO380 was down $12.00 to $655.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) slumped $16.50 to $712.50, and MGO lost $10.00 to $993.50 pmt.
Fujairah 380 cSt product slid $11.00 to $683.00 pmt, while MGO moved down for the first time since September 7, 2012 dropping $17.50 to $1046.50 pmt.
Houston IFO380 and LS380 saw a second consecutive day of losses as IFO380 fell $12.00 to $663.00 and LS380 slipped $10.00 to $767.00. MGO dropped for the first time since September 11, 2012 losing $12.00 to $1052.00 pmt.
LA / Long Beach IFO380 was down $28.50 to $649.00 pmt, while LS380 fell $20.50 to $810.00 bringing the premium for the low sulfur fuel to $161.00 pmt.
The WTI spot price lost more than a dollar for a second consecutive day dropping $1.33 (-1.38%) to close at $95.29 per barrel.
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