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.
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.
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