EMEA News
Bunker Prices in Europe End the Year Mixed
Bunker prices in North and Western Europe, and the Mediterranean and Black Sea ended the year mixed, although data from Ship & Bunker showed benchmark grade IFO380 was down in a number of key ports within the EMEA region.
Rotterdam IFO380 moved down $2.50 to $586.50 per metric tonne (pmt), making a $4.50 week-on-week gain, and ending the month $1.50 higher month-on-month. Low sulfur 380 cSt product (LS380) fell $4.50 to $619.00 making the premium for the Emissions Control Area (ECA) compliant fuel $32.50 pmt. MGO was up $1.00 to $935.50 pmt, $4.50 up since November 30, 2012.
Fujairah IFO380 fell for a second consecutive market day, down $2.00 today to $604.50 pmt which was the same price as last week, and $1.50 higher than one month ago. MGO in the port moved up $0.50 to $1006.00 pmt, down $2.00 week-on-week, and $12.50 lower than last month.
Istanbul IFO380 was down $3.50 to $619.00 pmt, a $-0.50 change from last week, and $50.00 lower than three months ago. MGO in Istanbul was unchanged at $993.50 pmt, up $2.00 week-on-week, and $7.00 lower than November 30, 2012.
Piraeus IFO380 moved down $1.00 to $602.50 pmt, up $0.50 from last Monday, and $2.00 higher month-on-month. LS380 was steady at $657.50 making the premium for the low sulfur fuel $55.00 pmt. MGO fell $2.50 to $962.50 pmt, falling $6.50 over the last month.
