EMEA News
Europe's Bunker Prices Soften
With a few exceptions that included small gains in Rotterdam and St Petersburg, many ports in Europe saw bunker prices soften today. In the wider EMEA region Ship & Bunker data showed IFO in Fujairah, Suez, and Cape Town all made an increase today.
Rotterdam IFO380 rose $0.50 to $645.50 per metric tonne (pmt), $8.50 higher than this time last week, and up $33.00 month-on-month. Low sulfur 380 cSt product (LS380) moved up $3.50 to $694.50 making the premium for the Emissions Control Area (ECA) compliant fuel $49.00 pmt. MGO fell for the first time since February 1, 2013 dropping $4.00 to $1000.00 pmt, $9.50 higher than last Tuesday.
Fujairah IFO380 moved up for a fifth consecutive market day rising $3.00 to $659.00 pmt, an increase of $15.00 week-on-week, and up $38.50 since January 14, 2013. MGO in the port climbed $0.50 to $1006.50 pmt, $10.50 higher than last Tuesday.
Istanbul IFO380 was down $5.50 to $671.50 pmt, the same price as last Tuesday, and up $13.00 month-on-month. MGO slipped $4.00 to $1057.50 pmt, an increase of $16.00 week-on-week, and $43.00 higher than January 14, 2013.
Piraeus IFO380 fell for the first time since February 5, 2013 down $2.50 to $666.00 pmt, $12.00 higher week-on-week, and up $29.00 from this time last month. LS380 slipped $0.50 to $754.50 making the premium for the low sulfur fuel $88.50 pmt. MGO in Piraeus dropped for the first time since January 29, 2013 falling $1.50 to $1039.50 pmt, up $21.00 week-on-week.
