Bunker prices slide to seven-year low

The price of marine fuel is dropping alongside the price of oil, and on Monday it hit a seven-year low, writes Seatrade Global.
Photo: Ed Wray/AP/POLFOTO/arkiv
Photo: Ed Wray/AP/POLFOTO/arkiv
BY KATRINE GRØNVALD RAUN

The sliding oil price has made its mark on the global prices for bunker fuel, which hit a seven-year low this Monday. At this point, a ton of bunker fuel cost USD 168.5 on average, measured with the bunker index in Singapore, 380 Centistoke Bunker Fuel Spot Price, writes Seatrade Global. The last time that prices fell to similar levels below USD 200 per ton, was the 31st of December, 2008, where the price was at USD 198, writes the media.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Further reading