MABUX: Bunker Prices Follow Oil Market Downwards

During Week 16, MABUX World Bunker Index continued slight downward movement following general trends on global crude oil market.

Forecasts for a more significant increase of SS spread up to 130-150 USD in the first half of 2021 have not yet come true, which slows down the plans for the installation and use of scrubbers globally.

The situation with VLSFO bunker prices, according to MABUX DBP Index, practically did not change: underpricing in Rotterdam by minus 8 USD, in Fujairah – by minus 23 USD, in Singapore – by minus 25 USD.

A report published by the World Bank found that LNG is likely to play a ‘limited role’ in the decarbonization of the shipping sector, noting its specific niche applications on pre-existing routes or in specific vessel types.

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