Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Fri 7 Jun 2013, 08:46 GMT

Singapore MGO vs ICE Gas Oil


Analysis of Singapore marine gas oil and ICE Gas Oil prices.

The average price of marine gas oil (MGO) at the port of Singapore decreased at a smaller rate than ICE Gas Oil in the month of May, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $4.98 per tonne, or 0.58 percent, to $859.74 per tonne in the month of May. During the same period, the Singapore MGO average decreased by $1.00 per tonne, or 0.23 percent, to $856 per tonne.

Between May 2012 and May 2013, the monthly MGO average in Singapore declined by $73.24 per tonne, or 7.9 percent, whilst the ICE Gas Oil settlement average decreased by $69 per tonne, or 7.5 percent.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and May 2013.

Month ICE Gas Oil ($/mt) +/- +/-(%)
May 2013 859.74 -4.98 -0.58
Apr 2013 864.72 -48.97 -5.36
Mar 2013 913.69 -82.21 -8.25
Feb 2013 995.90 +36.50 +3.80
Jan 2013 959.40 +32.80 +3.54
Dec 2012 926.60 -10.46 -1.12
Nov 2012 937.06 -46.61 -4.74
Oct 2012 983.67 -2.71 -0.27
Sep 2012 986.38 +19.28 +1.99
Aug 2012 967.10 +76.52 +8.59
Jul 2012 890.58 +50.71 +6.04
Jun 2012 839.87 -93.11 -9.98
May 2012 932.98 -70.17 -6.99
Apr 2012 1003.15 -21.07 -2.06
Mar 2012 1024.22 +24.09 +2.41
Feb 2012 1000.13 +46.46 +4.87
Jan 2012 953.67 +28.28 +3.06


MonthSpore MGO ($/mt)+/-+/- (%)
May 2013856 -1.00 -0.23
Apr 2013857 -55.00 -6.03
Mar 2013912 -62.00 -6.36
Feb 2013974 +40.00 +4.28
Jan 2013934 +16.00 +1.74
Dec 2012918 -4.00 -0.43
Nov 2012922 -26.00 -2.74
Oct 2012948 -25.00 -2.57
Sep 2012973 +13.00 +1.35
Aug 2012960 +92.00 +10.60
Jul 2012868 +48.00 +5.85
Jun 2012820 -105.00 -11.35
May 2012925 -63.00 -6.38
Apr 2012988 -20.00 -1.98
Mar 20121008 +24.00 +2.44
Feb 2012984 +29.00 +3.04
Jan 2012955 +35.00 +3.80

MGO   Singapore  Singapore (SG) 
VPS logo. Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS  

Managing fuel quality deterioration following the closure of the Strait of Hormuz.
Person signing a document. Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group  

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.
Bunker Holding logo. Bunker Holding seeks risk specialist for Copenhagen internal pricing desk  

Danish bunker group is expanding its internal pricing team to meet growing demand for fixed-price solutions.
Global biofuels demand chart. Biofuel demand could surge 70% by 2030 as food price fears mount  

T&E warns governments risk trading an oil crisis for a food crisis as biofuel targets strain vegetable oil and fertiliser markets.
Shore power illustration. Shore power shifts from voluntary measure to compliance requirement, DNV white paper finds  

Shore power is moving from an optional emissions tool to a regulatory obligation for shipowners in key trades.
Giosuè Vezzuto and Ahmed Eldemerdash. Baker Hughes’ NovaLT 16 gas turbine receives RINA type approval for marine propulsion on hydrogen and natural gas  

Certification covers operation on natural gas and blends up to 100% hydrogen for marine use.
AiP award ceremony for nuclear reactor integration in cargo vessel design. ABS grants approval in principle for nuclear reactor integration in cargo vessel design  

ABS, HD KSOE, Capital Maritime Group and MIT have received approval in principle for a nuclear-powered cargo vessel propulsion system.
Green e-fuel export corridor consortium partners logos. Green e-fuel export corridor between Brazil and Belgium advances to feasibility stage  

A consortium has been formed to develop a green e-fuel corridor linking Porto do Açu to Antwerp-Bruges.
Naming ceremony of Ocean Express and Ocean Navigator vessels. Sallaum Lines takes delivery of two LNG-fuelled PCTCs in simultaneous handover ceremony  

RoRo carrier receives MV Ocean Express and MV Ocean Navigator from Chinese shipyard.
Person signing a document. Agastya Group signs MoU with Andhra Pradesh government for 1 MTPA green methanol hub at Mulapeta Port  

India-based Agastya Group plans a $6.5bn green methanol export facility on the country's east coast.

↑  Back to Top


 Recommended