Capesize

5925

Feb-17
0.00 0.00%

Panamax

7475

Feb-17
75.00 1.01%

Iron Ore

81.7

Feb-17
0.95 1.18%

Sing 380

312.95

Mar-17
#N/A #N/A

Coking Coal

185

Feb-17
0.00 0.00%

Nola Urea

250

Feb-17
0.00 0.00%

The Fuel Oil Market



Bunker fuel makes the global shipping industry move and powers seaborne trade.

The global physical market is currently estimated at 400-500m tonnes per annum, with a paper market about seven times that size.

As fuel oil it is tied so directly to crude oil, bunker price risk management has become a crucial issue in recent years.

"IFO380 prices in Singapore and other global hubs rose almost 15% in early 2013, while freight rates headed in the opposite direction."

At a time of lower freight rates and higher oil prices, bunker fuel can easily account for up to 70% of daily ship operating costs. This has led anyone with price exposure to explore strategies on how to better manage the risk associated with the volatility of bunker prices.

Ship-owners, charterers and bunker suppliers are exposed to global fluctuations of crude and bunker prices that have little to do with supply and demand in local markets.

Bunkers Market Indices