EMEA News
Rotterdam IFO380 Continues to Climb
Ship & Bunker price data showed bunker prices in the EMEA region were mostly firm on Monday, with few ports seeing negative movements. There was a sharp gain for IFO380 in Polish ports, while Rotterdam, Fujairah, and Istanbul all saw IFO380 move up for a fourth consecutive market day.
Rotterdam IFO380 moved up $3.00 to $606.00 per metric tonne (pmt), rising $19.50 week-on-week, and $24.50 higher than December 7, 2012. Low sulfur 380 cSt product (LS380) rose $0.50 to $632.00 making the premium for the Emissions Control Area (ECA) compliant fuel $26.00 pmt. MGO moved down for a fourth consecutive market day falling $2.00 to $926.50 pmt, down $9.00 from last Monday.
Fujairah IFO380 was up $1.00 to $618.50 pmt, up $14.00 in the last week, and making an $18.50 gain month-on-month. MGO rose $0.50 to $1005.00 pmt, down $1.00 week-on-week, and $14.50 lower than this time last month.
Istanbul IFO380 rose $3.50 to $643.00 pmt, $24.00 higher than last Monday, and down $14.00 since October 8, 2012. MGO was unchanged at $991.50 pmt, down $2.00 week-on-week, and $7.00 up from December 7, 2012.
Piraeus IFO380 was up for a third consecutive market day gaining $2.50 to $626.00 pmt, up $23.50 from last Monday, and rising $26.00 month-on-month. LS380 rose $11.00 to $688.50 making the premium for the Emissions Control Area (ECA) compliant fuel $62.50 pmt. MGO moved down $5.50 to $961.00 pmt, down $1.50 week-on-week.
