Baltic Exchange is now providing Bunker Indices on a daily basis and has added three new bunkering ports in order to provide up-to-date marine fuel price indications.
Baltic Exchange has provided key insights to its members with its Baltic bunker report, which was launched in January 2022 in direct response to member requests for greater data on bunker fuel costs at key bunkering hubs.
As the bunker market continues to mature, Baltic Exchange is adapting to greater demand for data and insights in newer markets to cover more fuel options.
The new bunker report, which is published Monday to Friday and provided free of charge to its members, will help members navigate the volatile fuel markets by offering spot price assessments for high-sulfur fuel oil (HSFO), very low-sulfur fuel oil (VLSFO), and marine gas oil (MGO).
The ports covered include Gibraltar, Panama, and Zhoushan, alongside Rotterdam, Houston, Singapore, and Fujairah.
According to Baltic Exchange release, the report offers a snapshot of real-time market conditions, supporting commercial decision-making for fuel purchasing, voyage planning, and contract negotiations.
“In an industry where bunker costs can represent a significant proportion of voyage expenses, access to timely and accurate pricing is crucial,” claimed Matthew Cox, benchmark production head at Baltic Exchange, in a Baltic Exchange press release issued on June 11.
The latest expansion of the bunker report coverage, which provides data on new, developing bunkering hubs, also complements the Baltic Exchange wider suite of data products, including the ETS allowance price report, the FuelEU maritime calculator, and the fuel equivalence converter.
