INTERNATIONAL BUNKER PRICES

INTERNATIONAL BUNKER PRICES

The following is the list of bunker prices obtained during the course of week ending Dec. 3, 1993. Unless otherwise stated these prices are f.o.b., all details supplied by the bunker fuel department of H. Clarkson and Co., London - in U.S. dollars per metric ton unless otherwise indicated.

EUROPE/MEDITERRANEAN

Port 380CST 180CST Gasoil MDO Remarks

Rotterdam 57.00 63.50 160.00 139.00 __

Antwerp 58.00 65.00 __ 148.00 __

Hamburg 63.50 69.50 __ 154.00 __

Bremerhaven __ __ __ 160.50 __

Wilhelmshaven 75.00 80.00 __ 165.00 __

Falmouth 68.00 75.00 176.00 173.00 __

Coryton __ 86.00 __ __ __

Tranmere __ 83.00 185.00 __ __

Thames __ 88.00 __ __ __

Le Havre 65.00 71.00 __ 168.00 plus barge

Gibraltar 64.75 73.00 182/185 177.00 __

Algeciras 60.00 66.00 174.00 167.00 plus barge

Alicante __ __ 215.00 __ __

Sines 72.00 82.00 __ 184.00 ex wharf

Fos 62.00 72.00 __ 172.00 plus barge

Genoa 64.00 74.00 182.00 __ plus barge

Venice 66.00 77.00 __ 190.00 plus barge

Augusta 60.00 71.00 180.00 __ delivery

Leghorn 68.00 78.00 190.00 __ plus barge

Piraeus 63.35 71.00 175.00 __ __

Istanbul 76.00 81.00 195.00 162.00 __

Malta 66.00 76.00 __ 190.00 __

AFRICA/MIDDLE EAST

Port 380CST 180CST Gasoil MDO Remarks

Suez __ 73.00 215.00 __ eff 11/20

Safaga __ __ 230.00 __ plus dely

Jeddah __ 74.55 237.88 __ eff 12/2

Damman __ 65.13 206.53 __ eff 12/2

Kuwait 52.50 59.50 209.00 __ __

Bahrein __ 60.00 __ 169.00 __

Fujairah 52.00 55.00 205.00 195.00 __

60.00

Las Palmas __ 71.00 174.00 168.00 plus barge

Dakar 103/108 112/118 206.00 __ ex wharf

Lagos __ __ __ 205.00 __

Durban __ 55.00 __ 195.00 ex wharf

INDIA/FAR EAST/AUSTRALIA

Colombo 83.00 68.00 300.00 290.00 ef 12/3 IF 120

Karachi __ 97.00 360.00 __ exw,eff 11/10

Singapore 52.00 56.00 169.00 155.00 __

Taiwan 77.00 77.00 __ 245.00 eff 11/23

South Korea 60.00 66.00 __ 200/205 __

Japan 67.00 72.00 __ 230.00 __

Hong Kong 69.00 72.00 __ 170/173 __

Melbourne 84.00 88/104 __ 195.00 plus barge

Sydney 90/103 90/103 __ 195.00 plus barge

NORTH-SOUTH AMERICA/CARIBBEAN

Vancouver 64/66 66/68 __ 214/218 __

Los Angeles 60.50 63.50 __ 205/210 plus barge

66.00

Seattle 49.50 56.00 __ 205/210 plus barge

Balboa __ 72.50 __ 173.00 __

Cristobal 67.00 74.00 __ 175/180 plus barge

New Orleans 56.00 60.00 __ 157.00 plus barge

Houston 58.00 61.00 __ 157.00 plus barge

Point Comfort __ 75.00 165.00 __ plus barge

New York 62.00 66.00 __ 170/175 plus barge

Philadelphia 66.00 72.00 __ 170/175 plus barge

Norfolk 66.00 72.00 __ 170/175 plus barge

Montreal 90.00 94.00 __ 184/188 plus barge

The U.S. Superfund Law has been enacted with the intention of creating a fund of $8.5 billion for cleaning up toxic wastes.

The fund will comprise $6.7 billion in taxes, $1.25 billion in general

revenues and the balance from interest and recovery from potentially responsible parties.

Clarkson has been advised the tax will be imposed for five years from March at between $0.0020-$0.0025 per gallon, approximately 50c to 60c per metric ton.

Some suppliers are absorbing this when quoting an original price, and this should be borne in mind when fixing U.S. business as there is little consistency in charging this tax.