BUNKERWORLD INDEX: Prices waver amid mixed market dynamics and crude bearishness
**Tightening of 3.5%S FO at Fujairah
**Supply overhang in the Mediterranean
**Congestion leads to limited prompt availability at Montreal
Australia's bunker demand falls sharply as cruise tourism sails in choppy waters
**VLSFO bunker demand drop likely 30%-50%
**Clear pathway for cruise industry recovery needed: CLIA
Dubai starts offering biofuel to small vessels, following similar move at Fujairah
**Wood boats on Dubai Canal use 1.1 mil liters/year of diesel
**Biofuels already offered in Fujairah
Hong Kong bunker discount to gasoil widens as suppliers switch to another benchmark
**Benchmark for monthly ex-wharf contract shifts to Singapore MF 0.5%S
**Benchmark for longer-term contracts likely to switch to MF 0.5%
Rising bunkers leave tanker owners reeling in falling markets
**Bunker increase crushes voyage earnings for both tanker markets
**Shipowners readjusting near-term strategies to compensate
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