Ship Fuel Crisis.. When Numbers Exceed Historical Logic

The world watches crude oil prices, but the real crisis is quietly forming inside global ports.

Ship fuel prices in Singapore and Fujairah have jumped to historic levels exceeding the peak of the 2008 crisis and the 2022 energy crisis, reaching approximately $175 per barrel in some types.

What's concerning today isn't merely the rise itself,
What's concerning is the "breakdown" of the traditional relationship between crude and refined fuel.

Historically, ship fuel moves with crude oil prices at a simple margin covering refining costs, but today we're seeing a (Premium) gap reaching 75%.

This disconnect means global supply chains are facing pressures beyond the market's predictive capacity.

When shipping costs rise in this insane manner,
inflation won't remain just numbers in government reports,
but it will touch every commodity moving across the seas.

We're facing real pressure that restructures global trade costs from their roots.

Markets are going through a comprehensive reassessment phase, and the cost of "shipping goods" has become the most important variable in the equation of upcoming economic growth.

In your opinion,
will this increase lead to a new inflationary wave exceeding what we witnessed in the past two years?...

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