Bunker Global Open Directory News

2025-04-16

MABUX: Global bunker indices to shift slightly downward on Apr.16.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO, continued a slight upward trend on Apr.15:

380 HSFO - USD/MT - 462.26 (+1.22)

VLSFO - USD/MT – 537.43 (+0.61)

MGO - USD/MT – 724.29 (+2.31)

As of Apr.15, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), reflected the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam and Singapore continued to be in the overcharge zone, with overpricing widening by $8 and $6, respectively. Fujairah and Houston remained undercharged, although the gap narrowed by $4 and $3.

• VLSFO segment: All four ports stayed undercharged. However, the level of underpricing decreased: $4 in Rotterdam, $3 in Singapore, and $1 each in Fujairah and Houston. Notably, the MDI indices for Rotterdam and Singapore moved closer to a 100% correlation between MBP and DBP.

• MGO LS segment: Rotterdam was the only overcharged port, with its premium shrinking by $12. The other three ports remained undercharged, with discounts widening by $7 in Singapore, $14 in Fujairah, and $3 in Houston.

We expect Global bunker indices to shift slightly downward on Apr.16: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS –minus 2-4 USD/MT.

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