Bunker price gains across Europe on Thursday
The EMEA region saw further rising bunker prices today, with a majority of ports seeing strong-to-moderate increases in all fuel grades. Ship & Bunker data shows Rotterdam, Fujairah, and Istanbul all saw IFO380 move up for a seventh consecutive market day.
Rotterdam IFO380 rose $8.50 to $619.50 per metric tonne (pmt), rising $25.00 week-on-week, and climbing $39.50 since December 10, 2012. Low sulfur 380 cSt product (LS380) was up $15.50 to $655.00 making the premium for the Emissions Control Area (ECA) compliant fuel $35.50 pmt. MGO rose $8.50 to $942.50 pmt, up $8.00 since this time last week.
Fujairah IFO380 climbed $4.00 to $624.50 pmt, $15.00 higher than last Thursday, and making a $23.00 gain month-on-month. MGO in Fujairah continued to trend down falling $1.50 to $1000.00 pmt, $7.00 down week-on-week.
Istanbul IFO380 moved up $7.50 to $655.00 pmt, gaining $24.00 since last Thursday, and up $36.00 month-on-month. MGO was up for a third consecutive day rising $4.00 to $1004.00 pmt, making a $4.00 gain week-on-week.
Piraeus IFO380 rose for a sixth consecutive market day gaining $7.50 to $643.00 pmt, up $28.50 since last Thursday, and $45.00 higher than December 10, 2012. LS380 moved up $7.00 to $707.50 making the premium for the low sulfur product $64.50 pmt. MGO moved up for a third consecutive day climbing $7.50 to $981.00 pmt, a $12.50 gain week-on-week.
