BUNKER INDEX

In the topsy turvy world of bunker fuel prices today has been a relatively quiet day. Overall fuel prices have stabilised after a significant decline yesterday with the global index showing mainly minor changes in price, though VLSFO did fall US$5.00/tonne.

European fuel prices appreciated slightly, in both the Northern and Southern regions and for all three main fuel types. The only exception was a US$1/tonne decline in Southern Europe.

Other regions showed minor shifts though, most notably in...

https://container-news.com/fuel-prices-stabilise-again/

Fears that the global economy will go into recession following the latest statistics that show a decline in Eurozone and US growth as well as a decline in Chinese output has seen the price of fuel also nosedive.

Market concerns over the spread of the coronavirus have led the North P&I Club to offer a digital tool that will allow shipowners and operators track the spread of the Coronavirus outbreak.

Called MyGlobeView platform the system displays an interactive map that allows users to “identify...

https://container-news.com/fuel-prices-slide-on-coronavirus-outbreak-fears/

A variety of market concerns have led to a slow down in the convergence of the price between VLSFO and HFO according to market commentators.

The extension of the Lunar New Year to 14 February along with, albeit reduced, trade tensions between the US and China and the concerns over the growing difficulties with the coronavirus outbreak in China are leading to a slowing of trade in general and the decline in bunker prices overall.

In all three major bunkering regions, North America, North Europe...

https://container-news.com/bunker-costs-stall-amid-market-uncertainty/