TWI - Data Archive & Latest Figures
General explanation for TWI Figures
- 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.
- 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 |