On a Week 43, the MABUX World Bunker Index demonstrated irregular changes during the week. The 380 HSFO index declined by 8.40 USD: from 542.16 USD / MT to 533.76 USD / MT. The VLSFO index increased by 8.65 USD: from 647.86 USD / MT to 656.51 USD / MT, while the MGO index added 4.57 USD (the rise from 774.51 USD / MT to 779.08 USD / MT).
MABUX temporarily suspends publication of the MABUX ARA LNG Bunker Index as the LNG bunkering market has practically stalled due to falling demand caused by a sharp increase in gas prices in Europe. We believe the gas crisis is temporary and expect LNG bunkering operations to resume by the end of this year. The publication of the MABUX ARA LNG Bunker Index will resume as soon as the LNG bunker market recovers.
The average weekly Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – continued to rise during the week and amounted to $ 115.81 (versus $ 103.05 last week). The average weekly SS Spread in Rotterdam also widened and remained well above the $ 100 mark: $ 126.67 (against $ 109.33 last week, plus $ 17.34). The average SS Spread in Singapore, also rose and also reached the psychological mark of $ 100: $ 120.33 versus $ 96.00 last week ( $ 24.33). More information is available in the Differentials section of www.mabux.com.