World News
Daily Bunker Price Report, Friday Feb 22, 2013
Global bunker prices ended the week with continued losses on Friday, Ship & Bunker price data showed.
Bunker prices for all grades fell throughout the Asia/Pacific region, with key grade IFO380 falling $11.00 per metric tonne (pmt) in Port Klang for a week-on-week loss of $27.00, while the product was down $18.00 pmt in Port Kembla.
Singapore IFO380 moved down $5.50 to $637.00 per metric tonne (pmt) for a week-on-week drop of $22.00, while Low sulfur 380 cSt product (LS380) fell $0.50 to $735.00 making the premium for the Emissions Control Area (ECA) compliant fuel $98.00 pmt. MGO slipped $4.00 to $979.00 pmt.
In Europe prices continued to slide with some ports, including Gdansk and Valletta, seeing IFO380 made a double digit drop.
Rotterdam IFO380 has been falling since February 14, and today was down $7.00 to $622.00 pmt. LS380 slipped $3.00 to $662.00 to put its premium over IFO380 at $40.00 pmt. MGO moved down $12.00 to $971.50 pmt.
Elsewhere in the EMEA region, Fujairah IFO380 dropped $3.50 to $655.00 pmt for a week-on-week change of $-6.00. MGO fell $0.50 to $1009.50 pmt.
In the Americas, prices were down in ports across the region with Suriname showing a drop of $25.00 pmt for IFO380.
Houston IFO380 moved down $5.50 to $632.50 pmt, a change of $21.50 over the week, while LS380 slipped $3.50 to $731.00 to make its premium $98.50 pmt. MGO was down $2.50 to $1052.50 pmt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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