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The Maritime
Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%Dry Bulk Freight Index2,660▼ -1.2%Dirty Tanker Index7,219▲ +0.0%Capesize3,791▼ -1.5%Clean Tanker Index3,015▲ +0.0%Panamax2,109▼ -2.0%Supramax1,887▼ -0.2%Handysize1,019▲ +0.2%
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.

64
bunkering hubs

World Average (USDA) · VLSFO

$920/tas of 20 Oct 2026

VLSFO at World Average (USDA) sits near the top of its range, the 90th percentile of its trailing year, and still climbing. It last traded at $920/t, with 30-day volatility near 0.8%.

VLSFO $/t forward central 50 / 80% range past shock
12-month outlook
random-walk cone
$714to$1,474
80% range · $/t
Price position
90th pct
near the top of its range
Volatility
0.8%
30-day · trend rising
Seasonal timing
+4%
Oct vs trend · peak Mar, trough Jul
Fuel complex · position in each grade's own year
0 = year's low · 100 = high
MGO
$1,552
90th
VLSFO
$920
90th

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

Seasonal pattern

VLSFO here typically runs dearest in March (+7%) and cheapest in July (-4%) a spring-peaking pattern.

dearer cheaper nowOctober usually sits +4% vs trend: dearer than usual
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.