EMEA News
Bunker Prices Climb in Most of Europe
Ship & Bunker data showed bunker prices rising across most of Europe today, one exception being IFO380 in Polish ports which moved down $8.00 after yesterday's double digit gain. Key price indication ports Rotterdam, Fujairah, and Istanbul saw IFO380 move up for a fifth consecutive market day.
Rotterdam IFO380 moved up $1.00 to $607.00 per metric tonne (pmt) today, gaining $20.50 week-on-week, and up $27.00 month-on-month. Low sulfur 380 cSt product (LS380) moved down $1.00 to $631.00 making the premium for the Emissions Control Area (ECA) compliant fuel $24.00 pmt. MGO was up for the first time since December 31, 2012 rising $2.50 to $929.00 pmt, down $6.50 from last Tuesday.
Fujairah IFO380 rose $1.50 to $620.00 pmt, up $15.50 from this time last week, and rising $18.50 month-on-month. MGO in the port moved up $0.50 to $1005.50 pmt, adding $0.50 to last Tuesday's price, and down $10.50 from December 10, 2012.
Istanbul IFO380 was up $2.00 to $645.00 pmt, $26.00 higher than last Tuesday, and down $12.00 since October 8, 2012. MGO moved up $5.00 to $996.50 pmt, making a $3.00 gain week-on-week, and up $20.00 from this time last month.
Piraeus IFO380 rose for a fourth consecutive market day gaining $4.50 to $630.50 pmt, rising $28.00 from last Tuesday, and making a $32.50 gain month-on-month. LS380 climbed $7.50 to $696.00 making the premium for the low sulfur fuel $65.50 pmt. MGO in Piraeus moved up $5.00 to $966.00 pmt, for a $3.50 gain week-on-week.
