Bunker Global Open Directory News

2025-02-26

MABUX: Global bunker indices to turn to downward movement on Feb.26.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward trend on Feb.25:

380 HSFO - USD/MT - 517.46 (+0.40)

VLSFO - USD/MT – 609.81 (+0.27)

MGO - USD/MT – 800.37 (+0.31)

As of Feb.25, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), recorded the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam returned to the undercharge zone, joining Fujairah and Houston. The undercharge discount rose by $5 in Rotterdam and $3 in Houston but dropped by $4 in Fujairah. Singapore was the only overcharged port in this bunker segment, with its premium unchanged. Rotterdam’s MDI remained near a 100% correlation mark between MBP and DBP.

• VLSFO segment: Rotterdam was the only overcharged port, though its premium declined by $1. Singapore, Fujairah, and Houston continued to be undercharged, with margins increasing by $3 in Singapore and $8 in Houston. Fujairah’s MDI stayed unchanged.

• MGO LS segment: All four key ports were underpriced. The price gap narrowed further by $4 in Rotterdam, $11 in Singapore, and $5 in Fujairah, while Houston’s MDI remained unchanged. Rotterdam’s MDI moved closer to a 100% correlation between MBP and DBP, while Fujairah’s MDI neared the $100 mark.

We expect a sustainable downward trend in the Global bunker market on Feb.26: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 3-9 USD/MT, MGO LS – minus 5-10 USD/MT.

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