Piraeus

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Latest Prices (Conventional Bunkers)

Price with change on the previous trading day; beneath it the day's high – low across sources, spread in brackets.

Date	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Fri, Oct 30 Oct 30Fri	868.50 ▲ 8.50 890.00 – 840.00 (50.00)	756.50 ▼ 8.00 780.00 – 730.00 (50.00)	1,568.50 ▲ 9.00 1,600.00 – 1,530.00 (70.00)	1,568.50 ▲ 9.00 1,600.00 – 1,530.00 (70.00)	112.50 ▲ 17.00
Thu, Oct 29 Oct 29Thu	860.00 ▼ 5.50 876.00 – 835.00 (41.00)	764.50 ▲ 13.00 775.00 – 741.50 (33.50)	1,559.50 ▼ 17.50 1,580.00 – 1,540.00 (40.00)	1,559.50 ▼ 17.50 1,580.00 – 1,540.00 (40.00)	95.50 ▼ 18.50
Wed, Oct 28 Oct 28Wed	865.50 ▼ 5.50 881.00 – 840.00 (41.00)	751.50 ▲ 3.50 770.00 – 730.00 (40.00)	1,577.00 ▼ 1.50 1,597.50 – 1,555.00 (42.50)	1,577.00 ▼ 1.50 1,597.50 – 1,555.00 (42.50)	114.00 ▼ 9.00
Tue, Oct 27 Oct 27Tue	871.00 ▲ 2.00 890.00 – 835.00 (55.00)	748.00 ▶ 0.00 770.00 – 721.00 (49.00)	1,578.50 ▼ 7.00 1,600.00 – 1,555.50 (44.50)	1,578.50 ▼ 7.00 1,600.00 – 1,555.50 (44.50)	123.00 ▲ 2.50
Mon, Oct 26 Oct 26Mon	869.00 ▼ 5.00 887.00 – 847.00 (40.00)	748.00 ▲ 1.00 765.00 – 720.00 (45.00)	1,585.50 ▲ 6.00 1,600.00 – 1,560.00 (40.00)	1,585.50 ▲ 6.00 1,600.00 – 1,560.00 (40.00)	120.50 ▼ 6.50
Fri, Oct 23 Oct 23Fri	874.00 ▼ 1.50 890.00 – 850.00 (40.00)	747.00 ▲ 19.00 760.00 – 720.00 (40.00)	1,579.50 ▲ 7.00 1,590.00 – 1,560.00 (30.00)	1,579.50 ▲ 7.00 1,590.00 – 1,560.00 (30.00)	127.00 ▼ 20.50
Thu, Oct 22 Oct 22Thu	875.50 ▲ 1.00 910.50 – 840.00 (70.50)	728.00 ▲ 5.00 735.00 – 719.00 (16.00)	1,572.50 ▲ 6.50 1,583.00 – 1,544.00 (39.00)	1,572.50 ▲ 6.50 1,583.00 – 1,544.00 (39.00)	147.50 ▼ 4.00
Wed, Oct 21 Oct 21Wed	874.50 ▲ 9.00 910.50 – 850.00 (60.50)	723.00 ▲ 3.50 730.00 – 714.00 (16.00)	1,566.00 ▼ 11.50 1,580.00 – 1,539.00 (41.00)	1,566.00 ▼ 11.50 1,580.00 – 1,539.00 (41.00)	151.50 ▲ 5.50
Tue, Oct 20 Oct 20Tue	865.50 ▼ 0.50 900.50 – 834.50 (66.00)	719.50 ▼ 6.00 730.00 – 705.00 (25.00)	1,577.50 ▲ 29.50 1,600.00 – 1,551.00 (49.00)	1,577.50 ▲ 29.50 1,600.00 – 1,551.00 (49.00)	146.00 ▲ 5.50
Mon, Oct 19 Oct 19Mon	866.00 ▲ 22.00 901.00 – 835.00 (66.00)	725.50 ▲ 10.00 740.50 – 710.00 (30.50)	1,548.00 ▲ 5.00 1,564.00 – 1,519.00 (45.00)	1,548.00 ▲ 5.00 1,564.00 – 1,519.00 (45.00)	140.50 ▲ 12.00
Fri, Oct 16 Oct 16Fri	844.00 ▲ 11.50 880.00 – 815.00 (65.00)	715.50 ▲ 8.00 730.00 – 700.00 (30.00)	1,543.00 ▼ 5.50 1,560.00 – 1,515.00 (45.00)	1,543.00 ▼ 5.50 1,560.00 – 1,515.00 (45.00)	128.50 ▲ 4.00
Thu, Oct 15 Oct 15Thu	832.50 ▲ 7.50 845.00 – 807.50 (37.50)	707.50 ▼ 11.00 721.00 – 690.00 (31.00)	1,548.50 ▼ 14.00 1,580.00 – 1,515.50 (64.50)	1,548.50 ▼ 14.00 1,580.00 – 1,515.50 (64.50)	124.50 ▲ 18.00
Wed, Oct 14 Oct 14Wed	825.00 ▼ 10.00 837.50 – 800.00 (37.50)	718.50 ▲ 12.00 731.00 – 700.00 (31.00)	1,562.50 ▲ 28.00 1,598.00 – 1,528.00 (70.00)	1,562.50 ▲ 28.00 1,598.00 – 1,528.00 (70.00)	106.50 ▼ 21.50
Tue, Oct 13 Oct 13Tue	835.00 ▲ 12.00 850.00 – 805.00 (45.00)	706.50 ▲ 3.00 720.00 – 700.00 (20.00)	1,534.50 ▼ 21.50 1,570.00 – 1,500.00 (70.00)	1,534.50 ▼ 21.50 1,570.00 – 1,500.00 (70.00)	128.00 ▲ 8.50

Latest Prices (Fuel Oil Bunkers)

Price with change on the previous trading day; beneath it the day's high – low across sources, spread in brackets.

Date	VLSFO	HSFO	Scrubber Spread
Fri, Oct 30 Oct 30Fri	868.50 ▲ 8.50 890.00 – 840.00 (50.00)	756.50 ▼ 8.00 780.00 – 730.00 (50.00)	112.50 ▲ 17.00
Thu, Oct 29 Oct 29Thu	860.00 ▼ 5.50 876.00 – 835.00 (41.00)	764.50 ▲ 13.00 775.00 – 741.50 (33.50)	95.50 ▼ 18.50
Wed, Oct 28 Oct 28Wed	865.50 ▼ 5.50 881.00 – 840.00 (41.00)	751.50 ▲ 3.50 770.00 – 730.00 (40.00)	114.00 ▼ 9.00
Tue, Oct 27 Oct 27Tue	871.00 ▲ 2.00 890.00 – 835.00 (55.00)	748.00 ▶ 0.00 770.00 – 721.00 (49.00)	123.00 ▲ 2.50
Mon, Oct 26 Oct 26Mon	869.00 ▼ 5.00 887.00 – 847.00 (40.00)	748.00 ▲ 1.00 765.00 – 720.00 (45.00)	120.50 ▼ 6.50
Fri, Oct 23 Oct 23Fri	874.00 ▼ 1.50 890.00 – 850.00 (40.00)	747.00 ▲ 19.00 760.00 – 720.00 (40.00)	127.00 ▼ 20.50
Thu, Oct 22 Oct 22Thu	875.50 ▲ 1.00 910.50 – 840.00 (70.50)	728.00 ▲ 5.00 735.00 – 719.00 (16.00)	147.50 ▼ 4.00
Wed, Oct 21 Oct 21Wed	874.50 ▲ 9.00 910.50 – 850.00 (60.50)	723.00 ▲ 3.50 730.00 – 714.00 (16.00)	151.50 ▲ 5.50
Tue, Oct 20 Oct 20Tue	865.50 ▼ 0.50 900.50 – 834.50 (66.00)	719.50 ▼ 6.00 730.00 – 705.00 (25.00)	146.00 ▲ 5.50
Mon, Oct 19 Oct 19Mon	866.00 ▲ 22.00 901.00 – 835.00 (66.00)	725.50 ▲ 10.00 740.50 – 710.00 (30.50)	140.50 ▲ 12.00
Fri, Oct 16 Oct 16Fri	844.00 ▲ 11.50 880.00 – 815.00 (65.00)	715.50 ▲ 8.00 730.00 – 700.00 (30.00)	128.50 ▲ 4.00
Thu, Oct 15 Oct 15Thu	832.50 ▲ 7.50 845.00 – 807.50 (37.50)	707.50 ▼ 11.00 721.00 – 690.00 (31.00)	124.50 ▲ 18.00
Wed, Oct 14 Oct 14Wed	825.00 ▼ 10.00 837.50 – 800.00 (37.50)	718.50 ▲ 12.00 731.00 – 700.00 (31.00)	106.50 ▼ 21.50
Tue, Oct 13 Oct 13Tue	835.00 ▲ 12.00 850.00 – 805.00 (45.00)	706.50 ▲ 3.00 720.00 – 700.00 (20.00)	128.00 ▲ 8.50

Latest Prices (Distillates)

Date	LSMGO	MGO
Fri, Oct 30 Oct 30Fri	1,568.50 ▲ 9.00 1,600.00 – 1,530.00 (70.00)	1,568.50 ▲ 9.00 1,600.00 – 1,530.00 (70.00)
Thu, Oct 29 Oct 29Thu	1,559.50 ▼ 17.50 1,580.00 – 1,540.00 (40.00)	1,559.50 ▼ 17.50 1,580.00 – 1,540.00 (40.00)
Wed, Oct 28 Oct 28Wed	1,577.00 ▼ 1.50 1,597.50 – 1,555.00 (42.50)	1,577.00 ▼ 1.50 1,597.50 – 1,555.00 (42.50)
Tue, Oct 27 Oct 27Tue	1,578.50 ▼ 7.00 1,600.00 – 1,555.50 (44.50)	1,578.50 ▼ 7.00 1,600.00 – 1,555.50 (44.50)
Mon, Oct 26 Oct 26Mon	1,585.50 ▲ 6.00 1,600.00 – 1,560.00 (40.00)	1,585.50 ▲ 6.00 1,600.00 – 1,560.00 (40.00)
Fri, Oct 23 Oct 23Fri	1,579.50 ▲ 7.00 1,590.00 – 1,560.00 (30.00)	1,579.50 ▲ 7.00 1,590.00 – 1,560.00 (30.00)
Thu, Oct 22 Oct 22Thu	1,572.50 ▲ 6.50 1,583.00 – 1,544.00 (39.00)	1,572.50 ▲ 6.50 1,583.00 – 1,544.00 (39.00)
Wed, Oct 21 Oct 21Wed	1,566.00 ▼ 11.50 1,580.00 – 1,539.00 (41.00)	1,566.00 ▼ 11.50 1,580.00 – 1,539.00 (41.00)
Tue, Oct 20 Oct 20Tue	1,577.50 ▲ 29.50 1,600.00 – 1,551.00 (49.00)	1,577.50 ▲ 29.50 1,600.00 – 1,551.00 (49.00)
Mon, Oct 19 Oct 19Mon	1,548.00 ▲ 5.00 1,564.00 – 1,519.00 (45.00)	1,548.00 ▲ 5.00 1,564.00 – 1,519.00 (45.00)
Fri, Oct 16 Oct 16Fri	1,543.00 ▼ 5.50 1,560.00 – 1,515.00 (45.00)	1,543.00 ▼ 5.50 1,560.00 – 1,515.00 (45.00)
Thu, Oct 15 Oct 15Thu	1,548.50 ▼ 14.00 1,580.00 – 1,515.50 (64.50)	1,548.50 ▼ 14.00 1,580.00 – 1,515.50 (64.50)
Wed, Oct 14 Oct 14Wed	1,562.50 ▲ 28.00 1,598.00 – 1,528.00 (70.00)	1,562.50 ▲ 28.00 1,598.00 – 1,528.00 (70.00)
Tue, Oct 13 Oct 13Tue	1,534.50 ▼ 21.50 1,570.00 – 1,500.00 (70.00)	1,534.50 ▼ 21.50 1,570.00 – 1,500.00 (70.00)

Quarterly Averages (Conventional Bunkers)

Quarter	VLSFO	HSFO	LSMGO	MGO	Scrubber Spread
Q4 2026	846.50	718.00	1,560.50	1,560.50	128.50
Q3 2026	806.50	614.50	1,387.00	1,387.00	192.00
Q2 2026	832.00	677.50	1,303.50	1,303.50	154.50
Q1 2026	634.00	521.00	921.50	921.50	113.00
Q4 2025	539.00	417.50	734.50	734.50	121.00
Q3 2025	592.50	462.50	770.00	770.00	130.50
Q2 2025	572.50	465.50	709.50	709.50	107.00
Q1 2025	615.00	493.50	751.50	751.50	121.50

Quarterly Averages (Fuel Oil Bunkers)

Quarter	VLSFO	HSFO	Scrubber Spread
Q4 2026	846.50	718.00	128.50
Q3 2026	806.50	614.50	192.00
Q2 2026	832.00	677.50	154.50
Q1 2026	634.00	521.00	113.00
Q4 2025	539.00	417.50	121.00
Q3 2025	592.50	462.50	130.50
Q2 2025	572.50	465.50	107.00
Q1 2025	615.00	493.50	121.50

Quarterly Averages (Distillates)

Quarter	LSMGO	MGO
Q4 2026	1,560.50	1,560.50
Q3 2026	1,387.00	1,387.00
Q2 2026	1,303.50	1,303.50
Q1 2026	921.50	921.50
Q4 2025	734.50	734.50
Q3 2025	770.00	770.00
Q2 2025	709.50	709.50
Q1 2025	751.50	751.50

Forecast

Based on 1-year Ship & Bunker Brent / Bunker relationship for each product and the Brent forecast from EIA Short-Term Energy Outlook dated Oct 1, 2026. All prices are $USD / mt. All prices are as indications only.

Period	VLSFO	MGO	LSMGO	HSFO
2026 Q4	900	1,369	1,369	709
Full Year 2026	828	1,260	1,260	653
2027 Q1	816	1,241	1,241	643
2027 Q2	748	1,138	1,138	590
2027 Q3	688	1,046	1,047	542
2027 Q4	636	967	967	501
Full Year 2027	720	1,095	1,095	567

Terminology

Biofuel: Biofuel is a VLSFO biofuel blend, B24 in Singapore (24% biofuel) and typically a B30 (30% biofuel) elsewhere.
Brent: Brent prices are converted from USD/bbl to USD per metric tonne at a rate of 7.53 barrels per metric tonne.
EUA: EUA is the price in Euros for 1 (one) EU Emissions Allowance (EUA).
EUA-USD: EUA-USD is the USD price for 1 (one) EUA converted at the prevailing exchange rate.
EUAHSFO: EUAHSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of HSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAMGO: EUAMGO is the total EUA cost to offset 1 (one) metric tonne (mt) of MGO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
EUAVLSFO: EUAVLSFO is the total EUA cost to offset 1 (one) metric tonne (mt) of VLSFO. This price takes into account for 2024 ship owners pay only 40% of the full costs incurred, 70% in 2025 and 100% in 2026.
IFO380 & IFO180: IFO380 & IFO180 are Max 3.5% Sulfur Bunkers (RME, RMF, RMG, RMH, RMK, etc).
LNG: LNG is the USD price for one metric tonne of LNG.
LNG-380e: LNG-380e is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of IFO380 bunker fuel.
LNG-MGOe: LNG-MGOe is the price for an amount of LNG that delivers the energy equivalent of one metric tonne of MGO.
LS180 & LS380: LS180 & LS380 are Max 1.0% Sulfur Bunkers.
LSMGO: LSMGO is Max 0.10% Sulfur Distillate (DMA, DMZ) for Compliance with 2015 ECA Regulations.
MDO: MDO is Max 1.50% Sulfur Distillate (DMB).
MEoH: MEoH is the price per tonne of pure conventional / grey methanol.
MEoH-MGOe: MEoH-MGOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of MGO.
MEoH-VLSFOe: MEoH-VLSFOe is the price for a quantity of methanol that delivers the same amount of energy as one metric tonne of VLSFO bunker fuel.
MGO: MGO is, unless otherwise specified, a Max 1.50% Sulfur “Clear and Bright” Distillate (DMA, DMZ, etc).
SS: SS is the ‘scrubber spread’ — the premium for 0.50%S VLSFO over >0.50%S HSFO. The spread is the price differential between the two fuels before their respective half dollar rounding, with the resulting spread then rounded to the nearest half dollar.
ULSFO: ULSFO is Max 0.10% Sulfur Fuel Oil for Compliance with 2015 ECA Regulations.
VLSFO: VLSFO is Max 0.5% Sulfur fuel (Also known as IMO2020 grade bunkers).
WTI: WTI prices are converted from USD/bbl to USD per metric tonne at a rate of 7.62 barrels per metric tonne.