The Maritime
Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%
Market · Bunkers

Bunker Workbench

One fuel at one hub: price history with the shocks that moved it, where it sits in its range, and the live scrubber economics.

53
bunkering hubs

World Average (USDA) · IFO380

$625/tas of 26 Aug 2026
IFO380 $/t forward central 50 / 80% range past shock
12-month outlook
random-walk cone
$510$1,000
80% range · $/t
Seasonal timing
-1%
Sep vs trend · peak Apr, trough Dec
Fuel complex · position in each grade's own year
0 = year's low · 100 = high
MGO
$1,341
71st
VLSFO
$795
61st

Both grades sit high in their trailing-year range.

Seasonal pattern

IFO380 here typically runs dearest in April (+12%) and cheapest in December (-7%) — a spring-peaking pattern.

dearer cheaper nowSeptember usually sits -1% vs trend — about average
How past shocks moved this fuel
  • Russia invades Ukraine+33%
  • COVID-19 demand collapse-44%

Deep dated history is available for the major bunkering hubs shown above; current spot prices for the wider port network are on the price board. The forward cone is the current price carried flat with the range it has historically occupied over the same horizon — bunker prices are close to a random walk, so the central line does not bend unless a model beat that naive baseline out-of-sample. Price position, volatility, seasonal and shock figures are descriptive reads of past history; none of this is investment advice. The Hi5 spread (VLSFO minus HSFO) is the fuel-cost edge a scrubber captures; the payback is indicative for a reference ship.