Contributed to PortNews by Ship & Bunker
After a firm Friday, bunker prices were once again on the rise with gains on Monday, Ship & Bunker data showed, with the Americas, EMEA, and Asia / Pacific regions all seeing some double digit-gains today.
In Asia, benchmark grade IFO380 was up $10.00 per metric tonne (pmt) in Port Klang, and in Shanghai a jump of $20.00 pmt moved the grade to $651.00 pmt - its highest price since April 11, 2013.
The larger price moves in the EMEA region included a $15.00 pmt gain for both IFO380 and IFO180 in Istanbul, while Las Palmas saw the grades up $14.50 pmt.
Double-digit movers in the Americas included Maracaibo, with IFO380 up $11.00 pmt to $625.50 pmt, and a gain of $15.00 to $644.50 for the product in Montreal.
Prices were fairly steady on North America's Pacific coast, but IFO380 in Los Angeles & Long Beach was up $3.00 to $616.00 pmt.
Houston IFO380 was up $8.00 to $599.50 pmt, and while LS380 moved up $7.00 to $659.00 it was still down $6.00 week-on-week. MGO was up $17.50 to $971.50 pmt, a gain of $34.00 over the last 2 weeks.
More bunker prices: http://shipandbunker.com/prices