Rotterdam-Singapore VLSFO spread at $185.00/t; MGO moves dominate the board

Rotterdam VLSFO is the low on the board at $731.50/t (unchanged, +0.50), with Singapore at $916.50/t (+8.50) — a spread of $185.00/t. On a 1,200 tonne stem that is $222,000 of headline difference. Against that, a two-day deviation on a mid-size hull at $15,000/day is $30,000 in hire, and at a burn of roughly 30 t/day the 60 tonnes of additional fuel at Rotterdam's $731.50 costs another $43,890 — about $73,890, or roughly a third of the headline, before any exam, weather or schedule cost. The spread survives the arithmetic; it does not survive it untouched. MGO is tighter: Singapore $1,464.00/t against Rotterdam $1,530.50/t, a $66.50/t gap worth $79,800 on the same stem.