Fri 30 Jan 2015, 10:33 GMT

Fujairah 380 cSt average plummets 20.4% in January


The 380 cSt average at the Middle East's leading bunker port has fallen 51.2% since September.



The average price of 380 centistoke (cSt) fuel oil in Fujairah plummeted $74 per tonne, or 20.4 percent, this month, according to Bunker Index price data.

The 380 cSt average at the Middle East's leading bunker port fell to $287 per tonne, down from $361 per tonne in December, during a month that saw Fujairah's best-selling fuel grade record a $60 low-to-high price range of $260 to $320 per tonne.

The January price is the lowest since April 2009 ($287 per tonne). It is also the seventh monthly decline in a row and the price drop over the last four months alone has been $301, or 51.2 percent.

Please find a table below outlining average monthly Fujairah 380 cSt prices between April 2008 and January 2015.

Month Average ($/mt) Low High
Jan 15 287 260.00 320.00
Dec 14 361 305.00 430.00
Nov 14 460 417.00 484.00
Oct 14 507 457.00 570.00
Sep 14 588 565.00 610.00
Aug 14 597 580.00 612.00
Jul 14 604 587.00 630.00
Jun 14 610 594.00 625.00
May 14 596 585.00 610.00
Apr 14 594 586.00 603.00
Mar 14 602 592.00 620.00
Feb 14 609 598.00 616.00
Jan 14 617 605.00 626.00
Dec 13 610 600.00 620.00
Nov 13 617 610.00 630.00
Oct 13 614 602.00 625.00
Sep 13 606 598.50 615.00
Aug 13 599 588.00 621.00
Jul 13 591 585.00 605.00
Jun 13 609 580.00 630.00
May 13 610 595.00 632.00
Apr 13 617 597.00 645.00
Mar 13 633 620.00 644.00
Feb 13 651 639.00 661.00
Jan 13 621 604.00 637.00
Dec 12 602 595.00 609.00
Nov 12 606 592.00 618.00
Oct 12 638 616.00 655.00
Sep 12 675 643.00 702.00
Aug 12 668 633.00 691.00
Jul 12 614 588.00 641.00
Jun 12 595 568.00 627.00
May 12 679 642.00 730.00
Apr 12 724 711.00 741.00
Mar 12 741 731.00 754.00
Feb 12 732 708.00 755.00
Jan 12 722 694.00 732.00
Dec 11 677 654.00 693.00
Nov 11 687 658.00 716.00
Oct 11 659 629.00 685.00
Sep 11 654 630.00 675.00
Aug 11 666 640.00 699.00
Jul 11 672 639.00 697.00
Jun 11 650 624.00 675.00
May 11 646 619.00 685.00
Apr 11 676 655.00 688.00
Mar 11 635 616.00 648.00
Feb 11 621 575.00 665.00
Jan 11 540 517.00 574.00
Dec 10 503 488.00 514.00
Nov 10 487 468.00 510.00
Oct 10 472 460.00 483.00
Sep 10 443 436.00 455.00
Aug 10 452 434.50 475.00
Jul 10 440 418.00 456.00
Jun 10 441 428.00 456.00
May 10 460 419.00 500.00
Apr 10 482 466.00 500.00
Mar 10 466 453.00 482.00
Feb 10 458 437.50 477.00
Jan 10 479 453.00 507.00
Dec 09 461 440.00 486.00
Nov 09 463 446.50 473.00
Oct 09 442 418.00 462.00
Sep 09 432 414.00 448.00
Aug 09 443 426.00 462.00
Jul 09 405 378.00 434.00
Jun 09 405 392.00 421.00
May 09 342 292.00 385.00
Apr 09 287 252.00 303.00
Mar 09 242 225.00 269.00
Feb 09 256 239.00 275.00
Jan 09 257 229.00 278.00
Dec 08 224 208.00 255.00
Nov 08 240 208.00 288.00
Oct 08 407 281.00 557.00
Sep 08 597 514.00 709.00
Aug 08 688 635.00 734.00
Jul 08 719 675.00 765.00
Jun 08 628 561.00 686.00
May 08 585 540.00 640.00
Apr 08 530 500.00 556.00


Alisios vessel. Axpo completes first LNG bunkering in Valencia, with over half bio-LNG  

Ship-to-ship transfer to a container vessel makes Valencia the company's fourth Spanish port for LNG bunkering.

Christening ceremony of Makua vessel. Matson christens Makua, first of three LNG-ready Aloha Class container ships  

Dual-fuel vessel, due for delivery in early 2027, is the first of three ships worth around $1bn.

CMB.Tech logo. CMB.Tech seeks Singapore-based ammonia operations manager for Asia Pacific  

New hire will oversee ammonia chartering and bunkering and liaise with Far East partners.

Lumi Aurora vessel. IINO Lines deploys first Ice Class IB VLGC on long-term charter to Borouge International  

LPG-fuelled Lumi Aurora will carry North American gas to Borouge International's Porvoo plant in Finland.

Abelina Wagenborg vessel launch. Wagenborg launches first EasyMax 2.0 vessel, prepared for methanol, ammonia and LNG  

Abelina Wagenborg, built at Niestern Sander, is the first of a new generation designed for multiple alternative fuels.

NYK and MISC joint venture signing. NYK–MISC joint venture signs charter for 18,700-cbm LNG carrier with Malaysia LNG  

Asia LNG Transport will operate the dual-fuel diesel-electric newbuild, due from Hudong-Zhonghua in 2028, on routes to Japan.

Tsuneishi logo. Study finds methanol dual-fuel retrofit of Kamsarmax bulk carrier would take about 75 days  

Report by Mærsk Mc-Kinney Møller Center, involving Tsuneishi, puts conversion costs at 25–30% of the cost of a conventionally fuelled newbuilding.

LR, Shell and GTT joint development project (JDP) launch. Lloyd's Register, Shell and GTT launch joint project on hybrid-electric 200,000-cbm LNG carrier  

Partners to develop a concept combining hybrid-electric propulsion with GTT NEXT1 cargo containment technology for larger LNG carriers.

ClearMariner homepage. ClearMariner expands maritime sanctions screening with ESG, emissions and API support  

Online service now combines sanctions checks with voyage CO₂, CII, EU ETS and FuelEU Maritime estimates.

Long Jing Xin, Flex Commodities. Flex Commodities adds Long Jing Xin to Singapore marine fuels team  

Company appoints associate for marine fuels as part of plan for regional expansion.