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MABUX: Global bunker indices to change sideways on Nov.14.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued sideways evolution on Nov.11:

380 HSFO - USD/MT – 516.23 (+6.33)

VLSFO - USD/MT – 772.01 (+2.75)

MGO - USD/MT – 1 141.49 (-3.13)

As of November 11, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price benchmark) registered a further decline of undercharge margins in the HSFO segment, Fujairah’s return back into an underprice zone in the VLSFO segment, as well as Singapore’s transition to overprice zone in the MGO LS segment.

We do not expect any firm trend in Global bunker market on Nov.11: 380 HSFO – plus 5-12 USD/MT, VLSFO – plus 8-18 USD/MT, MGO LS – plus-minus 3-5 USD/MT.