Bunkering

New bunker index launched

Photo of Sam Chambers Sam ChambersSeptember 21, 2022
348 Less than a minute

With fuel bills being among owners’ greatest concerns this year shipping has a new bunker index

Benchmark provider General Index has partnered with digital marine fuels platform BunkerEx to launch a global service of 771 end-of-day benchmarks across 502 ports globally.

The daily indices are built on several hundred data points each day from multiple trade sources, including real stems for all 771 benchmarks. General Index already operates a host of other commodity-related indices.

“General Index’s vision to create a new, trusted bunker fuel index is one we support. The market needs an independent source of regulated prices,” said Ishaan Hemnani, CEO of BunkerEx.

Photo of Sam Chambers Sam ChambersSeptember 21, 2022
348 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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