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2012 November 28   09:00

Bunker prices in Europe remain flat

Bunker prices in Europe, Middle East, and Africa remained flat today, with the biggest move for IFO bunkers a drop of $4.00 in Genoa. Most movement in the region, albeit small, was positive though, Ship & Bunker reports.

Rotterdam IFO380 moved up for a third consecutive market day gaining $1.00 to $598.50 pmt, up $3.50 week-on-week, and down $5.50 since last month. Low sulfur 380 cSt product (LS380) slipped $1.50 to $627.50 making the premium for the Emissions Control Area (ECA) compliant fuel $29.00 pmt. MGO in the port dropped $6.00 to $938.00 pmt, $3.50 lower than last Tuesday, and $16.00 lower than October 29, 2012.

Piraeus IFO380 was up for a second consecutive day climbing $1.50 to $610.00 pmt falling $7.00 week-on-week, and down $22.00 compared to last month. LS380 was steady at $665.50 pmt dropping $12.50 from the previous week, and making the premium for the low sulfur fuel $55.50. MGO in Piraeus slipped $2.50 to $975.50 pmt $0.50 higher than last Tuesday's price.

Fujairah 380 cSt product climbed for a second consecutive day rising $1.50 to $616.50 pmt, $1.00 below last Tuesday, and $11.50 lower than on October 29, 2012 one month ago. MGO moved up $2.00 to $1025.00 pmt gaining $0.50 week-on-week, and $15.50 lower than the price three months prior on August 27, 2012.

Istanbul IFO380 rose $2.50 to $625.50 pmt $0.50 higher than the price two weeks ago, and $61.50 lower than August 27, 2012. MGO in Istanbul moved up $1.00 to $1003.50 pmt for a week-on-week gain of $3.50, and $11.00 higher than November 13, 2012.

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