During Week 48, the MABUX global bunker indices saw a modest decline, with the 380 HSFO index, VLSFO index, and MGO index all experiencing decreases. The Global Scrubber Spread (SS) showed a moderate decrease, but the market remains relatively stable. Europe's natural gas demand is on the rise due to lower temperatures, impacting gas prices. The price of LNG as bunker fuel in Portugal increased, reaching 987 USD/MT. The MDI index indicates undervaluation for 380 HSFO and MGO LS across major ports, while VLSFO remains overcharged in Singapore and Fujairah. The European Parliament rejected the proposed Carbon Correction Factor for trucks, a move supported by the European Community Shipowners’ Association. Irregular changes in world bunker indices are expected in the coming week.

SOURCE: GOOGLE