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Mon 3 Dec 2012, 08:17 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 decreased at a slower rate than ICE Gas Oil in November, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $46.61 per tonne, or 4.74 percent, to $937.06 per tonne in the month of November. During the same period, the Singapore MGO average decreased by $26 per tonne, or 2.74 percent, to $922 per tonne.

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

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

MGO   Singapore  Singapore (SG) 
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Michael Krabbe steps down after eight years with the company.
Icon of the Seas ship-to-ship (STS) bunkering operation. Avenir LNG vessel completes first LNG bunker delivery to Icon of the Seas in Honduras  

Avenir Advantage delivers LNG to Royal Caribbean cruise ship in operation involving Axpo.
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Engine maker WinGD says ethanol is ready for maritime use as early orders and IMO recognition build momentum.
Lumi Aurora vessel. IINO Lines takes delivery of the world’s only ice-class VLGC at Hanwha Ocean’s Okpo yard  

LPG dual-fuel vessel is also capable of carrying ammonia as cargo.
Clean Arctic Alliance logo. Clean Arctic Alliance warns of black carbon threat as container ships eye Northern Sea Route  

Environmental coalition urges IMO polar fuel rules as Arctic shipping activity raises climate concerns.
Steel-cutting ceremony of vessel with builder's hull no. CHB2052. Construction begins on 21,700-TEU LNG dual-fuel boxship for MSC  

366-metre vessel described as the largest container ship currently under construction in Zhejiang Province.
CIMC SOE building. CIMC SOE signs order with European shipowner for 6,000-cbm LNG bunker vessel  

Vessel set to provide LNG bunkering services at European ports once deployed.
Flex Commodities office in Dubai. Flex Commodities moves Dubai head office to Jumeirah Lakes Towers  

UAE-based firm relocates to waterfront community popular amongst bunker companies.
Echandia Core marine battery system. Echandia: Batteries offer fuel savings by optimising generator loads on large vessels  

Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.
Palermo LNG facility. Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America  

Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.




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