Not sure why this is happening, but look at the price of bunker fuel used by most shipping companies such as long distance carriers, cruise ships, etc
This is the cost per metric ton of IFO 380 I can't convert that to something that makes sense, but it has gone up and up this year trading for $895 bunker index right now.
http://www.bunkerindex.com/
MontevideoLatest prices valid until 14 Apr. New prices (for 15 Apr onwards) expected over the next 48 hours.
TokyoEarliest date for deliveries currently from 13 Apr onwards.
GothenburgProduct availability and delivery schedules currently ok. Prompt delivery possible.
Augusta380-cst and MGO avails ok. 180-cst product not available.
RotterdamMany suppliers fully committed until 12-15 Apr. Premium between HS and LS grades remains high due to shortage of LS product.
Cape TownEarliest delivery for MGO currently 17 Apr onwards.
SingaporeEarliest delivery generally arond 15 Apr. Some prompt (within 24-48 hours) also possible.
PortIFO 380Singapore725.00
+1.00Rotterdam693.00
-5.00Fujairah730.00
-5.00Busan745.00
-5.00