Mediterranean and Black Sea Bunker Prices End the Week Strong

Friday January 11, 2013

Mediterranean and Black Sea bunker prices ended the week making gains of as much as $12.50 per metric tonne (pmt), Ship & Bunker data showed. Elsewhere in the EMEA region, some key ports saw prices dip for the first time this year.

Rotterdam IFO380 fell for the first time since December 31, 2012 dropping $2.50 to $617.00 pmt, up $14.00 week-on-week, and gaining $38.50 month-on-month. Low sulfur 380 cSt product (LS380) fell $8.00 to $647.00 making the premium for the Emissions Control Area (ECA) compliant fuel $30.00 pmt. MGO moved up for a fourth consecutive day rising $8.50 to $951.00 pmt, making a $56.00 gain since December 11, 2012.

Fujairah IFO380 rose $0.50 to $625.00 pmt, gaining $7.50 since last Friday, and up $22.50 month-on-month. MGO moved up $0.50 to $1000.50 pmt, making a $4.00 loss week-on-week, and down $13.00 from December 11, 2012.

Istanbul IFO380, the price of which has been rising since the New Year, was up $4.00 to $659.00 pmt, moving up $40.00 in that time, and $40.00 month-on-month. MGO in in the port moved up for a fourth consecutive day rising $4.50 to $1008.50 pmt, up $17.00 week-on-week.

Piraeus IFO380 moved up for a seventh consecutive market day gaining $9.50 to $652.50 pmt, up $29.00 week-on-week, and rising $50.50 since this time last month. LS380 rose $12.00 to $719.50 making the premium for the ECA compliant fuel $67.00 pmt. MGO in the port was up $9.50 to $990.50 pmt, for a week-on-week gain of $24.00 pmt.