Durban's Hi5 spread blows out as VLSFO price surges

Durban's Hi5 spread has widened sharply over the last month, as the port's VLSFO price has climbed while its HSFO price has held broadly flat. The Hi5 spread in Durban stood at $308/mt today, up from $80/mt on 1 September, according to ENGINE's price data. Durban's VLSFO price has risen by $245/mt to $1,177/mt today, ...