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23 May 2013 Praxis Market Update Rusell Stellman, Praxis Energy Agents S.A. 23 May 2013 Global Vision Market Report , Global Vision Bunkers B.V. 23 May 2013 Rotterdam Market Report Armien Kok, Marine Bunkering (Rotterdam) B.V. 23 May 2013 Market Briefing Michael Poulsen, A/S Global Risk Management Ltd. 23 May 2013 Singapore Market Commentary (with evening update) Liow Liak Hong, Wired Bunkering Pte. Ltd. » MORE BLOGS » Commentaries Busan Earliest delivery currently 26-27 May. Vancouver Some barge congestion reported for the middle of next week, otherwise availability and schedules ok. Tokyo Earliest delivery 25-26 May. Product availability ok. Singapore Earliest delivery currently ranging from 28-31 May. Kaohsiung CPC prices: 380-cst falls $6, 180-cst declines by $4, distillate prices remain unchanged. Singapore Offices will be closed on 24 May - Vesak Day (Buddha Day). Kingston Offices closed on 23 May - National Labour Day. » MORE COMMENTARIES » Upcoming Events 24-25 May 2013, Copenhagen The 35th Annual Motorship Propulsion & Emissions Conference 2013 11-12 Jun 2013, Houston 10th Annual Bunker & Residual Fuel Oil Conference - Fuel Supply, Price, and Regulations 23-24 Sep 2013, Hamburg International Conference on Ship Efficiency » MORE EVENTS Valparaiso IFO 380 Time Period: 11 Feb 2013 - 23 May 2013 Data Series: Valparaiso IFO 380 First Price: 719.00 Last Price: 672.00 Lowest Price: 655.00 (23 Apr 2013) Highest Price: 721.00 (13 Feb 2013)

BIX: $783.70  -3.02 »FULL INDEX LIST » Global Indices BIX 380 CST 632.37 -2.75 BIX 180 CST 662.46 -3.40 BIX MDO 885.77 -5.52 BIX MGO 1031.48 -3.26 » FULL INDEX LIST » Price Highlights Puerto Cabello IFO 180 -10.50 Maracaibo IFO 180 -10.50 Off Aruba MGO -9.00 Kralendijk MGO -15.00 La Spezia MGO -8.00 Gothenburg MGO -10.00 Falmouth IFO 380 LS -8.00 Gdansk MGO -19.00 Gdansk IFO 380 LS -10.00 Antwerp MGO -10.00 Antwerp IFO 380 LS -8.50 Ceuta MGO -7.00 Las Palmas MGO -7.00 Hamburg MGO -10.50 Hamburg IFO 380 LS -10.00 Cape Town MGO -9.00 Port Klang MGO -8.00 Mumbai IFO 380 -10.00 Rotterdam MGO -13.00 Rotterdam IFO 380 -7.00 » MORE PRICE HIGHLIGHTS » Regional Indices BIX MED 716.86 -3.38 BIX NWE 689.18 -5.96 BIX MED 380 CST Sign Up -1.56 BIX MED 180 CST Sign Up -1.58 BIX MED MGO Sign Up -7.55 BIX NWE 380 CST Sign Up -5.73 BIX NWE 180 CST Sign Up -5.93 BIX NWE MDO Sign Up -5.34 BIX NWE MGO Sign Up -7.34 » FULL INDEX LIST

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