Singapore bunker fuel prices fall

Singapore bunker prices eased on Tuesday, tracking lower 380-cst fuel oil cargo values.
Suppliers pegged 380-cst bunker fuel oil levels at $205-$207 a tonne, up $1 from last Friday. 180-cst prices were at $215-$217.
At these offer levels, the bunker market remains in discount of about $2.25 a tonne.
"Despite the fall in cargo values, the price is still way too high. But it seems that some sense is beginning to return to the market as there are players trying to offer prices down," said a Singapore-based supplier.
"Shipowners are still not biting although the interest level is better than yesterday, it still just window shopping. No one is really buying anything unless it is absolutely necessary," he added.