Wednesday sees further gains for European bunker prices
Wednesday's European Bunker markets saw a similar picture to that of yesterday's movements, and with the exception of IFO in Polish ports bunker prices were firm across Europe. Ship & Bunker data showed Rotterdam, Fujairah, and Istanbul all saw IFO380 move up for a sixth consecutive market day.
Rotterdam IFO380 was up $4.00 to $611.00 per metric tonne (pmt), rising $21.00 week-on-week, and gaining $31.00 from December 10, 2012. Low sulfur 380 cSt product (LS380) was up $8.50 to $639.50 making the premium for the Emissions Control Area (ECA) compliant fuel $28.50 pmt. MGO rose $5.00 to $934.00 pmt, falling $1.00 from last Wednesday.
Fujairah IFO380 climbed $0.50 to $620.50 pmt, moving up $13.00 since last Wednesday, and making a $19.00 gain month-on-month. MGO in the port was down $4.00 to $1001.50 pmt, losing $5.00 since last Wednesday.
Istanbul IFO380 rose $2.50 to $647.50 pmt, gaining $27.50 week-on-week, and up $28.50 from December 10, 2012. MGO was up $3.50 to $1000.00 pmt, rising $13.50 from this time last week, and up $23.50 month-on-month.
Piraeus IFO380 moved up for a fifth consecutive market day rising $5.00 to $635.50 pmt, up $34.00 week-on-week, and gaining $37.50 since December 10, 2012. LS380 moved up $4.50 to $700.50 making the premium for the low sulfur grade $65.00 pmt. MGO in Piraeus moved up $7.50 to $973.50 pmt, rising $16.00 week-on-week.
