Bunker prices increased in the Far East ports of Russia (graph)

The difference with the port of Singapore is $24 on the average

According to IAA PortNews, the average indicative prices at the port of Vladivostok as of 14 January 2021 are as follows:

-          IFO-380 НS - $315 pmt (up $25 versus the last week of the previous year; $36 less than in Singapore)

-          MGO- $480 pmt (up $45 versus December price; $13 more than in Singapore)

-          VLSFO 0.5% - $400 (up $25 versus the previous period; $50 less than in Singapore).

The market players say the prices are just indicative with limited volumes of non-compliant fuel oil available and low demand of it in the area.

The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.

From 1 January 2020, the global upper limit on the sulphur content of ships' fuel oil is reduced to 0.50% in the areas beyond ECAs.

IAA PortNews’ analytical product “Price Bulletin” offers detailed indications of bunker fuels in the ports of Russia.

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