The Maritime
Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%Dry Bulk Freight Index3,584 +0.3%Capesize6,313 +0.4%Dirty Tanker Index2,938 +0.1%Panamax2,414 -0.7%Clean Tanker Index1,702 +0.4%Supramax1,693 +0.7%Handysize913 +0.8%
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.

61
bunkering hubs

World Average (USDA) · VLSFO

$840/tas of 2 Sept 2026

VLSFO at World Average (USDA) sits in the upper half of its range, the 73rd percentile of its trailing year, and still climbing. It last traded at $840/t, with 30-day volatility near 1.0%.

VLSFO $/t forward central 50 / 80% range past shock
12-month outlook
random-walk cone
$665to$1,372
80% range · $/t
Price position
73rd pct
in the upper half of its range
Volatility
1.0%
30-day · trend rising
Seasonal timing
-1%
Sep vs trend · peak Mar, trough Jun
Fuel complex · position in each grade's own year
0 = year's low · 100 = high
MGO
$1,445
84th
VLSFO
$840
73rd

Both grades sit high in their trailing-year range, and all still climbing.

Seasonal pattern

VLSFO here typically runs dearest in March (+8%) and cheapest in June (-3%) a spring-peaking pattern.

dearer cheaper nowSeptember usually sits -1% vs trend: about average
How past shocks moved this fuel
  • Russia invades Ukraine+38%
  • COVID-19 demand collapse-53%

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.