Mon 4 Jan 2016, 12:28 GMT

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 -- --

MGO  

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The three partners are collaborating on a 74,000-dwt LR1 tanker design incorporating wind-assisted propulsion.

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The Seaspan Yangtze has been converted to dual-fuel methanol operation as part of a $120m programme.

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The agreement marks 30 years of MSC’s presence in Singapore and covers alternative fuels adoption.

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AiP award ceremony for an 88,000 cubic metre dual-fuel VLGC. Lloyd’s Register expands Korean shipyard partnerships at Posidonia 2026  

A series of agreements covering alternative fuels and emerging technologies was announced at the Athens exhibition.