Mon 2 Mar 2015 10:54

Singapore's biggest 380 cSt monthly increase in four years


First increase in eight months. February was also the third most volatile month for Singapore 380 cSt since May 2012.



The average monthly price of 380 centistoke (cSt) intermediate fuel oil (IFO) in Singapore rose for the first time in eight months in February, according to Bunker Index price data.

The 380 cSt average at the world's leading bunker port jumped $68, or 24 percent, to $351 per tonne last month, up from $283 per tonne in January.

Significantly, last month's increase is the biggest since February 2011, when the global average increased by $72 to $606 per tonne.

February also saw Singapore's best-selling fuel grade record an $82 daily low-to-high price range of $295 to $377 per tonne, thus making it the third most volatile month since May 2012.

Please find a table below outlining average monthly Singapore 380 cSt prices between April 2008 and February 2015.

MonthAverage($/mt)LowHigh
Feb 15351 295.00 377.00
Jan 15283 265.00 318.00
Dec 14365 310.00 443.00
Nov 14468 435.00 488.00
Oct 14498 459.50 558.00
Sep 14574 556.00 596.00
Aug 14591 582.00 602.00
Jul 14596 586.00 613.00
Jun 14607 590.00 623.00
May 14592 581.00 605.00
Apr 14587 577.00 594.00
Mar 14596 590.00 616.00
Feb 14612 598.50 630.00
Jan 14606 595.00 635.00
Dec 13606 598.00 621.00
Nov 13602 593.50 617.00
Oct 13611 600.00 625.00
Sep 13599 585.00 615.00
Aug 13600 588.00 612.00
Jul 13593 582.00 604.00
Jun 13596 570.00 615.00
May 13603 590.00 622.00
Apr 13610 585.00 639.00
Mar 13628 617.00 641.00
Feb 13646 626.00 663.00
Jan 13625 605.00 639.00
Dec 12599 587.00 610.00
Nov 12603 586.00 616.00
Oct 12637 613.50 656.00
Sep 12670 628.00 699.00
Aug 12658 623.00 685.00
Jul 12607 584.00 632.00
Jun 12583 560.00 610.00
May 12663 619.00 720.00
Apr 12715 705.00 734.00
Mar 12727 718.00 740.00
Feb 12725 710.00 739.00
Jan 12722 689.00 737.00
Dec 11661 625.00 684.00
Nov 11682 655.00 713.00
Oct 11660 625.00 690.00
Sep 11644 620.00 669.00
Aug 11645 623.00 684.00
July 11659 632.00 681.00
June 11647 620.00 677.00
May 11633 608.00 670.00
Apr 11669 650.00 685.00
Mar 11633 622.00 645.00
Feb 11606 562.00 668.00
Jan 11534 507.00 560.00
Dec 10498 492.00 506.00
Nov 10482 462.00 508.00
Oct 10462 451.00 473.00
Sep 10436 429.00 448.00
Aug 10441 422.00 465.00
Jul 10434 412.00 450.00
Jun 10435 418.00 450.00
May 10 452 406.00 498.00
Apr 10 480 458.00 497.00
Mar 10 459 447.00 473.00
Feb 10 456 434.00 473.00
Jan 10 481 455.00 508.00
Dec 09 463 438.00 490.00
Nov 09 464 447.00 477.00
Oct 09 440 412.00 465.00
Sep 09 426 408.00 442.00
Aug 09 437 418.00 452.00
Jul 09 407 381.00 437.00
Jun 09 398 385.50 422.00
May 09 343 294.00 382.00
Apr 09 289 256.00 308.00
Mar 09 244 225.00 272.00
Feb 09 257 235.00 278.00
Jan 09 258 235.00 288.00
Dec 08 232 214.00 260.00
Nov 08 235 205.00 295.00
Oct 08 406 268.00 575.00
Sep 08 610 530.00 714.00
Aug 08 671 617.00 728.00
Jul 08 718 665.00 763.00
Jun 08 629 573.00 681.00
May 08 580 524.00 635.00
Apr 08 523 491.00 545.00

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.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top