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MABUX: Upward evolution to prevail in Global bunker market on Jan.27.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued slight downward trend on Jan. 26:

380 HSFO - USD/MT – 488.11 (-2.08)

VLSFO - USD/MT – 719.74 (-2.45)

MGO - USD/MT – 1 069.45 (-7.05)

As of January 26, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered no significant changes in underprice premium at all selected ports in the HSFO segment, underprice steady and overprice up in the VLSFO segment, overprice ratio au in Fujairah while underprice ratio down at three other ports in the MGO LS segment.

We expect Global bunker indices to turn to upward evolution on Jan.27: 380 HSFO – plus 3-6 USD/MT, VLSFO – plus 4-9 USD/MT, MGO LS – plus 5-11 USD/MT.