EMEA News
Port Operations Suspended in Gibraltar and Algeciras Amid Bad Weather
Port operations and bunkering have been suspended in Gibraltar and Algeciras due to adverse weather conditions.
Both ports are closed and all activities have been halted as southern Spain remains under a red weather alert for strong winds and heavy rain, according to an advisory issued by GAC Hot Port News on Wednesday.
Storm Leonardo has caused disruption across the region, bringing intense rainfall, strong winds and flooding.
On Thursday, the Gibraltar Port Authority issued a gale warning valid until 19:00 local time.
As per the weather forecast, Gibraltar is currently experiencing wind gusts of up to 50 knots and waves exceeding three metres.
Rough conditions are also forecast for Friday and over the weekend, with wind gusts expected to range between 20 and 50 knots at times.
Ports in the Strait of Gibraltar have been experiencing adverse weather since last month, causing regular disruption to bunker supply and port operations.
The prolonged spell of bad weather could lead to congestion and further bunkering delays.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 484.50 | 13.50 | 672.50 | 1.50 |
| Rotterdam | 448.00 | 15.00 | 693.00 | 15.00 |
| Houston | 463.00 | 9.50 | 664.00 | 14.50 |
| Fujairah | 475.00 | 14.50 | 758.00 | 19.00 |
| EMEA Average | 499.00 | 13.50 | 789.00 | 9.50 |
| Global 20 Ports Average | 503.50 | 9.00 | 767.50 | 9.50 |
| Global 4 Ports Average | 467.50 | 13.00 | 697.00 | 12.50 |
| Global Average Bunker Price | 545.50 | 7.50 | 803.50 | 6.00 |
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Feb 03Petrobras last year introduced volume-based bunker pricing at the Port of Santos, offering discounts on stem sizes above 1,500 mt. -
Feb 02Ship & Bunker's latest global average bunker price forecast shows VLSFO averaging about $464/mt in Q1, before dropping to $441/mt in Q2.