The average indicative price in the Port of Vladivostok for high sulfur product IFO180 jumped $35.0 to $ 315.0 pmt, IFO380 HS was sold for $ 291.0 pmt (+ $35.0), while MGO lost $5.0 to $ 507.0 pmt, the IAA PortNews bunker price bulletin shows.
The prices were pushed up by severe fuel oil shortage in the region. The shortage was caused primarily by prolonged work on the local railway in mid-August after the typhoon, fuel output reduction at local refineries due to scheduled repairs, soaring fuel prices at exchanges in the run up to for the winter season.
The Port of Singapore reported a slight gain in bunker prices, by an average of $ 2.0.
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