Bunker prices in Far East ports surged in early 10th week (graph)
According to price report of IAA PortNews, average price for IFO-180 НS at port Vladivostok was $562 per tonne (+$30), MGO price was $775 per tonne (+$5).
The price went up amid dollar rate increase and heavy fuel oil deficit in the region. As of today, the number of applications for bunkering exceeds the amount of fuel in the region. Heavy fuel oil prices in the domestic market hit RUB 23,000.
The port of Singapore saw a decline of all fuel prices by $5-$6 on the average.
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