• Home
  • News
  • Fujairah VLSFO sees biggest daily gain since July - Ship & Bunker
  • 2023 February 3 10:31

    Fujairah VLSFO sees biggest daily gain since July - Ship & Bunker

    Bunker fuel prices advanced for the first session in three at most ports on Wednesday, with VLSFO at Fujairah marking the sharpest daily gain since July, according to Ship & Bunker's release.

    Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $13.50/mt to $703.50/mt on Wednesday, reaching the highest level since Friday.

    The G20-HSFO Index rose by $3.50/mt to $464.50/mt, while the G20-MGO Index declined by $7.50/mt to $1,026.50/mt.

    ICE Brent crude futures lost $2.72bl to $82.84/bl on Wednesday.

    VLSFO prices at the top ports followed a positive trend.

    At Singapore prices jumped by $19.50/mt to $700/mt, at Rotterdam they rose by $17/mt to $618.50/mt, at Fujairah they surged by $31.50/mt--the biggest gaily gain since July 8 -- to $691/mt and at Houston they declined by $1/mt to $635/mt.

    On Thursday morning Brent futures were trading down by $0.30/bl at $82.54/bl as of 9:58 AM in London. In metric tonne terms that would amount to a $2.26/mt fall in bunker prices.




2023 March 31

14:44 Dredging in Ob Basin of Russia’s IWW to make 4.8 million tonnes this year
14:30 Orsted takes final investment decision to build Greater Changhua 2b and 4 offshore wind farms
14:13 Seven сompanies plan to build new Sinopec-backed Hambantota refinery
13:48 World's first large electric container carrier completes power system debugging and test
13:20 GTT entrusted by Hyundai Samho Heavy Industries with the tank design of three new LNG сarriers
12:57 Rosmorport declared winner of The Industry Leader 2022 contest
12:50 AD Ports Group invests in latest VTMIS technology to enhance maritime safety and efficiency
12:30 Japan bans exports of steel, ship engines and radio equipment for navigation to Russia
12:14 17 companies join action to make shipping more sustainable with biofuel
11:41 USC takes part in experiments with unmanned tugboats as part of the pilot project in the port of Novorossiysk
10:54 Onezhsky Shipyard delivers lead crab catching ship of Project 5712LS to Russian Crab Group
10:09 Korean Register signs MOU with Microsoft Korea to Collaborate on Digital Transformation
09:52 Metrans expands rail network to South-Eastern Europe
09:48 Rosatom does not consider changing construction deadline for nuclear-powered icebreaker Rossiya
09:19 Viterra to cease exports of Russian grain from 1 July 2023

2023 March 30

18:23 Konecranes launches new Zero4 program to receive EUR 70 million from Business Finland
18:17 NORDEN partner with Spar Shipping on use of biofuel
18:07 Belize, Japan and Portugal join the 2012 Cape Town Agreement
17:54 Transport hub for Russia’s export grain to be created in Iran
17:31 RF Government to finalize plans on development of transport corridors
17:29 NORDEN enters Capesize segment
17:23 Seaspan gets more than $2 billion in contracts to Canadian companies for the design and construction of new, large non-combat vessels
17:20 Wan Hai Lines holds ship naming ceremony for new vessel Wan Hai 331
17:15 Meyer Werft announces keel laying for Disney Treasure
17:06 Russian Federal Fisheries Agency approves expansion of Zvezda shipyard’s capacity
16:45 The combined EBIT of 12 largest shipping lines reach USD 95bn in 2022
16:26 Wartsila launches world-first radical derating solution for two-stroke engines
16:25 DP World sets new Southampton record for handling containers on ship
16:05 Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel
15:42 EU agrees stronger legislation to accelerate the rollout of renewable energy
15:29 TransContainer launches service for cargo traffic to China via Saint Petersburg
15:20 LR awards AiP to Hyundai Heavy Industries for its new Onboard Guidance System
15:04 SCZONE signs a framework business agreement with Suez Canal Container Terminal Company
14:57 RF Transport Ministry extends validity period of seafarers’ documents until 30 June 2023
14:32 MacGregor receives a large order for RoRo equipment for dual-fuel LNG Pure Car and Truck Carriers for Sallaum Lines
14:28 ScottishPower formalises a £1.3billion contract with Siemens Gamesa for 95 wind turbines for the East Anglia Three offshore windfarm
13:54 COSCO SHIPPING Ports total throughput increases by 0.6% to 130,107,074 TEU in 2022
12:58 Alfa Laval joins the Global CCS Institute
12:46 USC’s Lotos Shipyard starts cutting steel for lead container ship of Project 00108
12:22 Sergey Kulikov appointed as General Director of Russian Maritime Register of Shipping
12:01 MAN Energy Solutions’ MAN 49/60DF engine receives Type Approval
11:45 Dredging works commenced on Volga-Caspian Canal
11:33 Port of Houston container volumes up 15% in February 2023
11:04 VARD Electro AS signs multi-million-euro project with Yaskawa Environmental Energy / The Switch
10:41 Global long-term container rates down by 24% since August 2022 - Xeneta
10:23 RC Dock receives Class Approval from RINA for new remotely controlled unmanned workboats
10:11 RosGeo invested about RUB 500 million in equipment of ships in 2022
09:58 The Maritime and Port Authority of Singapore сollaborates with Bluenergy Solutions to launch Proof of Value project for clean tidal energy
09:24 Ordering of special ships for tourism is easier than modernization of research vessels for cruises - RosGeo

2023 March 29

19:28 The problem of excess stock in Russia’s Far Eastern ports is settled – Vladimir Putin
18:37 ABP and Sizewell C plan to develop Direct Air Capture facility at Port of Lowestoft
18:06 Port of Savannah adds 55 hybrid yard cranes
17:46 ADNOC LS unveils Integrated Logistics Services Platform
17:30 Roundtable meeting “Working professions in seaports” to be held in online format on 25 April 2023
17:16 Inland ports welcome a a deal on the requirements for Alternative Fuel Infrastructure
17:03 Rosneft Oil Company and Indian Oil Company sign agreement to substantially increase oil supplies
16:49 IMO CARES project receives a further round of funding from the Kingdom of Saudi Arabia
16:31 Poseidon Acquisition acquires all of the outstanding common shares of Atlas
16:26 DP World expands offering at the Port of Berbera in Somaliland with new edible oil terminal
16:14 Fuel oil and VGO shipments from Russian ports to Singapore and Malaysia could exceed 1.1 million metric tonnes in March