TWI - Data Archive & Latest Figures

General explanation for TWI Figures

  1. The TWI table has the upper and lower limits of 40 and 62. An increase of 22 points in the TWI represents a saving of 27.9% on the fuel cost. If fuel cost constitutes of 60% of operation cost this will be a saving of 16.74% on operations cost. This also means that the price differential in bunker fuels should have a spread of 27.9% based on the TWI.

  2. The FuelTech instrument does not record ECN values less than 18.7 since the fuel is considered to have very poor Ignition and Combustion properties. Therefore, ECN values hit a plateau on the lower end. At the upper end they go upto 35 and rarely up to 45. Nevertheless, there is sufficient range from 18.7 - 35 to address this variation in Ignition and Combustion properties of the fuel.

EXPLANATION FOR JANUARY 2017

The best fuel in THE MIDDLE EAST has a TWI of 66 and the worst fuel in the US Gulf has a TWI of 50. If the fuel cost in the The US Gulf is $ 303.00/MT, it should sell in The MIDDLE EAST for $ 359.48 - 369.48/ MT (by applying a price spread of 20.29 %) not taking in account any other logistics cost.

TRUE WORTH INDEX FOR JANUARY 2017


  EFN ECN CV  
Proportions 0.4 0.4 0.2  
 
Region Multiplier effect: 1.5x TWI
Japan / Korea 50 22.1 40.20 36.9 55
Middle East 65 25 40.41 44.1 66
ARA - high 60 10 40.39 36.1 54
ARA - low 54 21 40.33 38.1 57
Singapore - high 60 19.2 40.09 39.7 60
Singapore - low 52 23.8 40.08 38.3 58
U.S. Gulf - high 50 18.8 40.31 35.6 53
U.S. Gulf - low 50 12.9 40.26 33.2 50
Durban 64 15.8 40.42 40.5 61
U.S. Northwest 58 21.2 40.71 39.8 60
U.S. Southeast 57 14.1 40.48 36.5 55