The availability of bunker fuel for the Port of Durban has significantly stabilised after earlier uncertainty that led to the lack of availability particularly of high-sulphur fuel oil (HSFO) for several consecutive days.
From information Freight News has seen, HSFO and very low sulphur-fuel oil (VLSFO) are both well stocked at the port.
The price for HSFO reported earlier today was $270.
VLSFO was well above that at $375.
The return of stability and availability of both types of fuel comes as markets increasingly re-open to improved global trade, driving imports and exports and yielding stronger throughput figures because of increased ocean freight volumes.