Fuel Switch Snapshot: B100, LBM lose edge as prices climb
All bunker prices described in the text below have been adjusted for calorific content to make them VLSFO-equivalent. They have estimated EU-EU voyage compliance costs included for Rotterdam, and nonEU-EU compliance costs included for Singapore. These account for EU ETS costs and FuelEU Maritime penalties, and the average price of compliance surpluses we have picked ...
Bunker prices have seen significant fluctuations in recent weeks, with B100 and LBM losing their edge as prices climb. In Rotterdam, B100's premium over VLSFO has widened to $67/mt, while LBM has flipped from a $6/mt discount to HSFO to a $117/mt premium for diesel slow-speed engines. This trend is mirrored in Singapore, where B100's premium over VLSFO has increased by $28/mt to $326/mt.
The OceanScore FuelEU Pooling Index has only seen a minor increase of €0.60/mtCO2e to €119.50/mtCO2e, indicating subdued market activity during the summer holiday period. Meanwhile, Rotterdam's conventional bunker fuel prices have dropped by $13-58/mt, while B100 has gained $43/mt. LBM prices have also risen sharply, surging by $74-76/mt on the week, and its discounts to LNG have narrowed to $249-257/mt.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
