Spot prices for bunker fuel rose slightly in the week ending Aug. 2, according to daily BunkerVision price data via international marine fuel oil broker LQM Petroleum Services. This was the fifth consecutive week of increases for high sulfur bunker fuel and the fourth for low sulfur.
The average price for high sulfur bunker fuel in Rotterdam, a global indicator of bunker prices, was $607.50 per metric ton, up 0.2 percent or $1.40 from the week ending July 26. One metric ton is equivalent to about 6.4 barrels or 300 gallons. During the past five weeks, prices climbed 5.2 percent or $30.10 per metric ton. The average spot price is roughly even year-over-year and up 2 percent or $11.75 per metric ton from the beginning of 2013.
Low sulfur spot prices averaged $614.70 per metric ton in the week ending August 2, inching up 0.1 percent or 70 cents per metric ton from the prior week. Prices have climbed 1.4 percent or $8.58 in the past four weeks. The current price is down 6.2 percent from the same week in 2012 and down 1.1 percent or $6.67 from the first week of 2013.