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Wed 18 Nov 2009, 08:06 GMT

East Coast South America price comparison


Price fluctuations in Buenos Aires, Montevideo, Santos and Rio de Janeiro are analysed.



Please find below a comparison table for the four principal ports in East Coast South America (ECSA) - Buenos Aires, Montevideo, Santos and Rio de Janeiro between April 2008 and October 2009.

The table includes monthly 380-centistoke (cst) averages for each port together with monthly percentage increases. The highest monthly average price for all four ports was recorded in July 2008 when crude oil reached a peak of $147.27 per barrel on July 11th.

The greatest monthly change was seen in November 2008 when average prices plummeted by 40.5 percent, 41.6 percent, 39.0 percent and 41.1 percent in Buenos Aires, Montevideo, Santos and Rio de Janeiro respectively.

The graphs accompanying this article offer a visual representation of prices in ECSA ports during the April 2008 - October 2009 period. The addition of the WTI crude price in the second graph aims to show how bunker prices would be expected to respond to a surge in crude prices similar to the one seen between April and July 2008.


Month Baires +/- (%) Montev. +/- (%) Santos +/- (%) Rio +/- (%)
Oct 09 433 -4.6 457 -5.4 441 2.8 449 1.8
Sep 09 454 -5.8 483 0.4 429 -6.1 441 -3.1
Aug 09 482 10.3 481 8.6 457 15.1 455 11.0
Jul 09 437 1.2 443 -2.6 397 -0.8 410 0.2
Jun 09 432 21.3 455 28.2 400 17.0 409 13.0
May 09 356 16.7 355 10.9 342 16.3 362 21.5
Apr 09 305 10.5 320 8.1 294 14.8 298 15.5
Mar 09 276 2.2 296 4.6 256 2.8 258 -8.5
Feb 09 270 8.9 283 5.2 249 6.4 282 7.6
Jan 09 248 0.8 269 -3.2 234 5.9 262 17.0
Dec 08 246 -21.9 278 -19.0 221 -25.6 224 -21.1
Nov 08 315 -40.5 343 -41.6 297 -39.0 284 -41.1
Oct 08 529 -16.3 587 -12.9 487 -21.8 482 -22.5
Sep 08 632 -12.2 674 -10.5 623 -9.2 622 -9.5
Aug 08 720 -4.1 753 -4.2 686 -7.9 687 -7.7
Jul 08 751 10.9 786 11.0 745 13.2 744 13.6
Jun 08 677 18.8 708 16.8 658 15.0 655 17.2
May 08 570 8.8 606 7.4 572 11.1 559 10.0
Apr 08 524 564 515 508


Capital's LNG-powered vessel. Chinese shipbuilder delivers 155,500-dwt LNG dual-fuel crude oil tanker  

Vessel handed over to Capital Ship Management Corp in China.

Glovis Lighthouse vessel. Seaspan takes delivery of first 10,800-ceu dual-fuel LNG car carrier  

Glovis Lighthouse enters service as one of a handful of vessels globally to exceed 10,000 CEU capacity.

Port of Rotterdam, Maersk, Core Power and Lloyd's Register logos. Rotterdam study maps pathway for nuclear-powered commercial ship port calls  

A joint study by Lloyd's Register, the Port of Rotterdam, Core Power and Maersk examines the feasibility of nuclear vessel port calls.

Hakata waterfront. Kinkai Yusen conducts first biofuel demonstration on domestic ro-ro vessel at Hakata Port  

Japanese shipping company to trial B24 biofuel blend aboard the vessel Nanotsu on 16 June.

Norwegian Energy Trading (NET) AS logo. Norwegian Energy Trading renews ISCC certification for biofuel trading  

Norwegian bunker trader says renewal reflects growing biofuel volumes and commitment to verifiable sustainability standards.

Ivy Cove vessel. Jiangnan delivers VLAC with LPG dual-fuel main engine  

Vessel is claimed to be the world’s first 93,000 cbm very large ammonia carrier.

BIMCO logo. BIMCO adopts biofuel clause for time charter parties  

Shipping body has introduced a new contractual clause to govern the use of biofuels under time charter agreements.

Prince Madog hydrogen fuel cell retrofit receives LR certification. UK research vessel Prince Madog wins LR certification for hydrogen fuel cell retrofit  

Lloyd’s Register certifies what is claimed to be the first sea-going, manned hydrogen retrofit of its kind.

World Fuel logo. World Fuel seeks marine lube operations and sales executive in Greece  

US firm is recruiting for a commercial role focused on marine lubricants, based out of its Glyfada office.

ECSA Parliamentary Breakfast event. European Shipowners calls for fuel supplier mandates and ETS revenue investment ahead of policy revision  

Industry body urges EU policymakers to redirect carbon revenues into clean marine fuel production.


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