EMEA News
Double-Digit Gain for IFO380 in Istanbul
IFO380 bunkers in Istanbul made a double-digit gain today, as the week opened with rising bunker prices across the EMEA region. Ship & Bunker data shows the benchmark grade has made week-on-week gains of between $18.50 and $33.50 per metric tonne (pmt) across a number of major ports in the region.
Rotterdam IFO380 rose for a fourth consecutive market day up $4.00 to $637.50 pmt, an increase of $18.50 week-on-week, and $34.50 higher than January 4, 2013. Low sulfur 380 cSt product (LS380) was up $3.00 to $670.50 making the premium for the Emissions Control Area (ECA) compliant fuel $33.00 pmt. MGO moved up $5.00 to $985.00 pmt, up $29.50 since last Monday.
Fujairah IFO380 was up for a fifth consecutive market day rising $0.50 to $646.00 pmt, an increase of $20.50 week-on-week, and $28.50 higher than this time last month. MGO rose for a second consecutive market day gaining $1.00 to $999.50 pmt, $0.50 higher than last Monday, and down $5.00 month-on-month.
Istanbul IFO380 moved up $12.00 to $673.00 pmt, an increase of $20.00 since last Monday, and up $33.50 month-on-month. MGO was up $13.00 to $1046.50 pmt, rising $22.00 week-on-week, and up $55.00 since January 4, 2013.
Piraeus IFO380 was up for a fourth consecutive market day gaining $7.50 to $659.50 pmt, $19.50 higher than this time last week, and up $36.00 month-on-month. LS380 was up $9.50 to $727.00 making the premium for the low sulfur fuel $67.50 pmt. MGO was up $9.50 to $1017.50 pmt, $24.50 higher than last Monday.
