Mon 4 Jan 2016 12:28

The average bunker price in 2015 was...


Bunker Index reveals the average bunker price in 2015.



The average bunker price in 2015 was $468.45 per tonne, according to Bunker Index price data.

Bunker prices declined by $278.27 in 2015 compared to the previous year, which represents a drop of 37.3 percent on the $746.72-per-tonne figure recorded in 2014.

In order to calculate the average bunker price, Bunker Index took into account the daily port assessment prices for all the major fuel grades during the course of the year.

The lowest intraday price of the year, $71.00 per tonne, was recorded on the very last day of the year for 380 centistoke (cSt) intermediate fuel oil (IFO) in the Russian port of St. Petersburg.

The highest intraday price of $1146.00 per tonne was seen in Guayaquil, Ecuador, for marine gas oil (MGO) at the start of 2015 - on consecutive trading days between January 2 and January 6.

Please find below a summary of the average annual global bunker price since 2010.

Year Average price ($)+/-($) +/- (%)
2015 468.45 -278.27 -37.3
2014 746.72 -53.42 -6.7
2013 800.14 -34.14 -4.1
2012 834.28 +31.50 +3.9
2011 802.78 +217.48 +37.2
2010 585.30 -- --

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