Bunker prices in seaports hit fresh all-time high

Russian ports offer bunker fuel at prices lower than those in Rotterdam or Singapore

The global bunker market has seen a considerable growth of prices between February 17 and March 14, 2022. Meanwhile, a substantial difference has developed between bunker prices in Russian ports and in global hubs neighboring the country: a trend towards offering Russian bunker at more attractive prices is recovering.

According to IAA PortNews, average MGO indications at the port of Saint-Petersburg as of 11 March 2022 were 1,250 USD/MT, a 58-pct increase versus the level of 17 February 2022 (790 USD/MT).  At the port of Rotterdam, it is even higher – 1,466 USD/MT.

At the Far East ports, VLSFO (sulphur content of 0.5%) has increased by 34% from mid-February 2022 to 820 USD/MT. At the Far East ports of Russia, its price is 210 USD/MT less than in Singapore.

Read more about today’s downward trend of bunker prices in IAA PortNews’ Bunker Market Digest which offers detailed bunker indications at major ports of Russia.

Subscribe for IAA PortNews’ Bunker Market Digest and the Agency’s printed outputs >>>>