Tue 4 Feb 2014 15:43

Singapore MGO vs ICE Gas Oil


Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

The average price of marine gas oil (MGO) at the port of Singapore declined at a higher rate than the ICE Gas Oil average during the month of January, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $24.41 per tonne, or 2.60 percent, to $913.86 per tonne in January. During the same period, the Singapore MGO average decreased by $33.00 per tonne, or 3.51 percent, to $906 per tonne.

Between January 2013 and January 2014, the monthly MGO average in Singapore fell by $28 per tonne, or 3.0 percent, from $934 to $906 per tonne, whilst the ICE Gas Oil settlement average dropped by $45.54 per tonne, or 4.75 percent, from $959.40 to $913.86 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and January 2014.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Jan 2014 913.86 -24.41 -2.60
Dec 2013 938.27 +22.75 +2.48
Nov 2013 915.52 -14.13 -1.52
Oct 2013 929.65 -8.95 -0.95
Sep 2013 938.60 +4.49 +0.48
Aug 2013 934.11 +22.56 +2.47
Jul 2013 911.55 +37.66 +4.31
Jun 2013 873.89 +14.15 +1.65
May 2013 859.74 -4.98 -0.58
Apr 2013 864.72 -48.97 -5.36
Mar 2013 913.69 -82.21 -8.25
Feb 2013 995.90 +36.50 +3.80
Jan 2013 959.40 +32.80 +3.54
Dec 2012 926.60 -10.46 -1.12
Nov 2012 937.06 -46.61 -4.74
Oct 2012 983.67 -2.71 -0.27
Sep 2012 986.38 +19.28 +1.99
Aug 2012 967.10 +76.52 +8.59
Jul 2012 890.58 +50.71 +6.04
Jun 2012 839.87 -93.11 -9.98
May 2012 932.98 -70.17 -6.99
Apr 2012 1003.15 -21.07 -2.06
Mar 2012 1024.22 +24.09 +2.41
Feb 2012 1000.13 +46.46 +4.87
Jan 2012 953.67 +28.28 +3.06


MonthSpore MGO ($/mt)+/-+/- (%)
Jan 2014906 -33.00 -3.51
Dec 2013939 +24.00 +2.62
Nov 2013915 -5.00 -0.54
Oct 2013920 +4.00 +0.44
Sep 2013916 -4.00 -0.44
Aug 2013919 +12.00 +1.32
Jul 2013907 +31.00 +3.54
Jun 2013876 +20.00 +2.34
May 2013856 -1.00 -0.23
Apr 2013857 -55.00 -6.03
Mar 2013912 -62.00 -6.36
Feb 2013974 +40.00 +4.28
Jan 2013934 +16.00 +1.74
Dec 2012918 -4.00 -0.43
Nov 2012922 -26.00 -2.74
Oct 2012948 -25.00 -2.57
Sep 2012973 +13.00 +1.35
Aug 2012960 +92.00 +10.60
Jul 2012868 +48.00 +5.85
Jun 2012820 -105.00 -11.35
May 2012925 -63.00 -6.38
Apr 2012988 -20.00 -1.98
Mar 20121008 +24.00 +2.44
Feb 2012984 +29.00 +3.04
Jan 2012955 +35.00 +3.80
A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.
Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.
Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.
Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.
Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.
Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.
A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.
Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.
Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.
Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

↑  Back to Top


 Related Links