Singapore MGO vs ICE Gas Oil

Thu 10 May 2012, 15:44 GMT

Singapore MGO vs ICE Gas Oil

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

The average price of marine gas oil (MGO) at the port of Singapore declined at a slightly slower rate than ICE Gas Oil in April 2012, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $21.07 per tonne, or 2.06 percent, in the month of April. During the same period, the Singapore MGO average decreased by $20.00 per tonne, or 1.98 percent, to $988 per tonne.

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

Month	ICE Gas Oil ($/mt)	+/-	+/-(%)
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

Month	Spore MGO ($/mt)	+/-	+- (%)
Apr 2012	988	-20.00	-1.98
Mar 2012	1008	+24.00	+2.44
Feb 2012	984	+29.00	+3.04
Jan 2012	955	+35.00	+3.80

MGO Singapore Singapore (SG)


		Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.

		Peninsula begins physical bunker supply operations in Mauritania Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.

		PuriFire Energy signs biomethanol supply deal with X-Press Feeders Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.

		FLEX Commodities opens Seoul office with new Korea leadership team Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.

		O Bunkering appoints Sulaiman Alhadhrami as chief executive officer Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.

		Zhoushan expands shore power infrastructure as part of emissions reduction drive Chinese port city reports 30% increase in shore power usage across terminals and berths.

		Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.

		Berg Propulsion to supply electric propulsion systems for India’s green tugs Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.

		World Fuel seeks marine fuel supply executive in Singapore Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.

		OOCL names first methanol dual-fuel vessel Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.