The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022, according to the latest report by Marine Bunker Exchange (MABUX).
As of 25 December 2023, the global index 380 HSFO demonstrated a notable increase of US$36.14, rising from US$484.96/MT at the beginning of the year to US$521.10/MT. In contrast, the VLSFO index fell by US$28.19 to US$678.39/MT. The most substantial loss, however, was seen in the MGO index, which...