Bunker prices jump by three-quarters since Iran war began

The cost of fuelling ships has risen by roughly three-quarters since the US-Iran war erupted on February 28. In Singapore, the world’s largest bunkering hub, VLSFO was assessed by ENGINE at $509 per tonne on February 27, the final trading day before the war began, while high-sulphur fuel oil stood at $432 per tonne. By … Read full article →