Fri 2 Dec 2016, 12:41 GMT

Fujairah 380 cSt average drops 3.8% in November


Middle East port recorded its biggest drop since January last month.



The average price of 380 centistoke (cSt) intermediate fuel oil (IFO) at the Middle East's leading bunker port, Fujairah, fell in November from the previous month's 15-month high, according to Bunker Index price data.

The monthly 380 cSt average at the Middle East's leading bunker port was down $11, or 3.8 percent, to $277 per tonne, during a month that saw Fujairah's best-selling fuel grade record a $41 low-to-high price differential, with a range of $259 to $300 per tonne.

The $277-per-tonne average is the second-highest in 16 months - since July 2015. The $11 drop is the most significant since January.

The month ended with an assessment price of $286.00 per tonne - down $1.00, or 0.3 percent, compared to the last trading day of October.

A full summary of current and historical prices in Fujairah can be found by clicking on the following link:

http://www.bunkerindex.com/prices/portfree_xmdo.php?port_id=214

Please find tables below outlining average monthly Fujairah 380 cSt prices between January 2015 and November 2016, and end-of-month prices since December 2015.

Month Average ($/mt) Low High
Nov 16 277 259.00 300.00
Oct 16 288 265.00 300.00
Sep 16 262 245.00 270.00
Aug 16 245 210.00 268.00
Jul 16 247 220.00 270.00
Jun 16 245 230.00 265.00
May 16 233 213.00 245.00
Apr 16 192 158.00 230.00
Mar 16 170 142.00 185.00
Feb 16 153 137.00 175.00
Jan 16 148 122.00 176.00
Dec 15 176 150.00 220.00
Nov 15 225 202.00 248.00
Oct 15 243 225.00 280.00
Sep 15 237 220.00 270.00
Aug 15 251 197.00 285.00
Jul 15 308 284.00 343.00
Jun 15 349 322.00 385.00
May 15 381 364.00 410.00
Apr 15 340 310.00 366.00
Mar 15 334 298.00 385.00
Feb 15 357 300.00 395.00
Jan 15 287 260.00 320.00


DatePrice ($/mt)Day's LowDay's High
Nov 30, 2016285.00 275.00 295.00
Oct 31, 2016286.00 282.00 290.00
Sep 30, 2016266.50 263.00 270.00
Aug 31, 2016262.50 260.00 265.00
July 29, 2016225.00 220.00 230.00
June 30, 2016260.00 255.00 265.00
May 31, 2016242.50 240.00 245.00
April 30, 2016228.50 227.00 230.00
Mar 31, 2016172.50 170.00 175.00
Feb 29, 2016149.00 148.00 150.00
Jan 29, 2016166.50 158.00 175.00
Dec 31, 2015159.00 153.00 165.00


Kota Ocean vessel. PIL hiring head of marine fuel procurement in Singapore  

Role requires at least 10 years’ experience in bunkering, shipping or energy sectors.

Arctic Tern and Hai Gang Zhi Yuan STS bunkering operation. EUKOR’s new car carrier completes first biomethanol bunkering at Shanghai on maiden voyage  

EUKOR, SIPG Energy and World Fuel deliver 2,800 tonnes of waste-derived biomethanol to the first Shaper Class vessel.

Peninsula logo. Peninsula seeks bunker sales trader for Dubai office  

Firm says role would suit candidate with previous trading experience, ideally within the bunker sector or maritime industry.

Valencia waterfront. Glander International Bunkering seeks trader for Valencia office  

Marine fuels company is recruiting a sales-focused professional for its Spanish operations.

Kwan-Ho Song, Nikolas Vaporis and Joe Borg. Capital Ship Management, K Shipbuilding and LR launch wind-assisted propulsion project for MR tanker sector  

Joint development project will assess wind-assisted propulsion for 50,000-dwt product tankers.

Clare Urmston, Anemoi Marine Technologies. Bureau Veritas approvals extend classification society coverage for Anemoi Rotor Sail range  

Anemoi's full Rotor Sail portfolio is now approved by four major classification societies.

Proteus Supply and Trading and Propeller Fuels logo. Propeller Fuels and Proteus Supply and Trading form commercial partnership to expand Americas coverage  

US-based Proteus and UK-based Propeller Fuels unite operations across the Americas and beyond.

Kasif Kalkavan vessel. Turkon Line’s LNG-powered Kaşif Kalkavan makes maiden call at Marport  

Türkiye’s largest domestically built LNG-fuelled container ship has docked at Marport for the first time.

Vinoth Kumar, Flex Commodities. Flex Commodities appoints Vinoth Kumar as general accountant  

Dubai-based bunker trader strengthens finance team with new accounting hire.

Kota Elok vessel. PIL's first LNG dual-fuel boxship receives cybersecurity certification on Singapore maiden call  

Pacific International Lines' 13,000-teu vessel Kota Elok becomes the first PIL ship certified to IACS cyber-resilience standards.