Bunker fuel prices at Durban have increased to their highest point in over four weeks according to global energy, petrochemicals, metals and agriculture information provider, S&P Global Platts.
This was due to moderate and increases in the regional benchmark of free on board (FOB) high sulphur fuel cargoes in Singapore according to Platts spokesperson, Tom Washington.
“The rising Singapore benchmark has been narrowing the premium of the Durban assessment over the Singapore assessment,” he said.
Additionally, bunker market traders told Platts that availability was good and demand was holding steady.
