EMEA News
Bunker Prices Steady in Rotterdam
Bunker prices movements in the EMEA region remained small on Monday and lacked any real direction, Ship & Bunker data showed.
Rotterdam IFO380 was steady for a second consecutive day remaining at $578.00 per metric tonne (pmt), down $2.00 week-on-week with a spread of $2.00 in that time, and $17.50 lower than at this time last month. Low sulfur 380 cSt product (LS380) was down $0.50 to $613.50 making the premium for the Emissions Control Area (ECA) compliant fuel $35.50 pmt. MGO was steady at $911.00 pmt, up $7.50 from last Monday.
Fujairah IFO380 climbed $1.00 to $601.50 pmt, the same price as last Monday, and $15.50 lower than November 19, 2012. MGO at the port fell $1.00 to $1011.00 pmt, slipping $5.00 week-on-week, and down $13.00 from the previous month.
Istanbul IFO380 moved down for a second consecutive market day falling $4.00 to $614.00 pmt, down $5.00 from last week, and slipping $8.50 month-on-month. MGO in Istanbul climbed for a third consecutive market day up $18.00 to $996.50 pmt, $20.00 higher than last Monday, and up $17.50 from last month.
Piraeus IFO380 was down for a second consecutive market day falling $2.50 to $595.50 pmt, down $2.50 from last week, and slipping $11.50 from November 19, 2012. LS380 was down $6.00 to $660.00 making the premium for the low sulfur fuel $64.50 pmt. MGO moved up for a third consecutive market day up $3.50 to $945.00 pmt, $10.00 higher than last week.
