Bunker prices at Far East ports continue to decline in late 49th week (graph)
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According to price report of IAA PortNews, port Vladivostok saw a decline of average prices: IFO-180 НS - $495 per tonne (-$5), MGO - $804 per tonne (-$1).
The fall of fuel oil prices should be attributed to the excessive amount of this product in the market. Minimal fuel oil price was $490 per tonne.
The port of Singapore also saw a decline of IFO-180 HS and MGO prices (-$1 and -$3 respectively).
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