MABUX: Global bunker indices to continue downward movement on Dec.18.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight downward trend on Dec.17:

380 HSFO - USD/MT - 519.26 (-1.31)

VLSFO - USD/MT – 593.70 (-2.01)

MGO - USD/MT – 756.18 (-2.64)

On Dec. 17, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed continued underpricing across all bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: The underprice premium widened by $1 in Rotterdam but narrowed by $2 in Singapore, $3 in Fujairah, and $2 in Houston.

• VLSFO segment: Undervaluation declined by $2 in Rotterdam, $3 Singapore and $2 in Fujairah but rose by $2 in Houston.

• MGO LS segment: Undercharge decreased by $1 in Singapore but increased by $1 in Fujairah and $2 in Houston. The MDI in Rotterdam remained unchanged, with both Rotterdam and Singapore staying above the $100.00 mark.

We expect Global bunker market to continue trending lower on Dec.18: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 4-9 USD/MT.