Bunker Global Open Directory News

2025-03-20

MABUX: Global bunker indices to resume upward trend on Mar.20.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), shifted downward on Mar.19:

380 HSFO - USD/MT - 493.49 (-7.37)

VLSFO - USD/MT – 575.87 (-5.42)

MGO - USD/MT – 755.68 (-2.45)

As of Mar.19, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam and Singapore were overcharged, with premiums widening by $1 in Rotterdam but narrowing by $1 in Singapore. Fujairah and Houston stayed in the undercharge zone, with discounts widening by $8 in Fujairah but narrowing by $6 in Houston. Rotterdam’s MDI approached a 100% correlation mark between MBP and DBP.

• VLSFO segment: All four selected ports continued to be undercharged. The underpricing decreased by $2 in Rotterdam, $5 in Singapore, and $4 in Houston, while it increased by $1 in Fujairah. MDI in Rotterdam neared a 100% correlation between MBP and DBP.

• MGO LS segment: Rotterdam stayed the only overcharged port, with the premium rising by $1. The other three ports were underpriced, with the gap widening by $1 in Singapore, remaining unchanged in Fujairah, and narrowing by $3 in Houston. Rotterdam and Houston moved closer to a 100% correlation mark between MBP and DBP.

We expect Global bunker indices to resume an upward trend on Mar.20: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus1-4 USD/MT, MGO LS – plus 1-3 USD/MT.

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