Traders characterized local supplies of low-sulfur marine fuels as being in surplus after having been tight just a month earlier. The delivered-basis price for 180-cst bunker fuel increased by 1.7 over the week ending Feb. 11 to $300/mt ($44.78/bbl), according to data from SP Global Platts. The delivered price for 380-cst bunker fuel was 1.8 higher on the week at $290/mt ($43.28/bbl). Both of the price assessments represent a $12.75/mt ($1.90/bbl) discount to prices for comparable products at Singapore, compared to the previous week's $26/mt ($3.88/bbl) discount. Platts price assessments on Feb. 11 placed 0.5-sulfur marine fuel oil at $510/mt ($76.12/bbl) on a delivered basis-representing a 4.1 week-on-week decline and a $220/mt ($32.84/bbl) premium over 380-cst MSFO bunkers. Jan's average premium was nearly 40 higher when VLSFO supplies were tighter. The delivered- basis price at Fujairah was $5/mt (75￠/bbl) higher than Singapore prices, after being at an 8/mt ($1.19/bbl) discount in the previous week. Marine gasoil with 0.1 sulfur at Fujairah lost 3.1 over the week to end at $630/mt ($94.03/bbl) on a delivered basis while its premium to Singapore prices rose from $107/mt ($15.97/bbl) to $115/mt ($17.16/bbl). The FOB price for 380-cst HSFO saw a week-on-week increase of 3.5 to $270.07/mt ($40.31/bbl).
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