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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

David Ortiz, trading manager at Sonan Energy Panama. Sonan Energy Panama appoints David Ortiz as trading manager  

Former US Marine brings nearly a decade of bunker trading experience to Panama role.
The M/T Jutlandia Swan, operated by Uni-Tankers. Project CLEANSHIP begins collecting operational data from wingsail-equipped tanker  

M/T Jutlandia Swan serves as floating laboratory to measure wind-assisted propulsion performance.
Bernhard Schulte Shipmanagement's (BSM) second methanol dual-fuel bulk carrier. BSM adds second methanol dual-fuel bulk carrier to managed fleet  

Ship manager now operates two methanol-capable vessels as alternative fuel adoption continues in the bulk sector.
Petrobras logo. Petrobras suspends MGO export sales following Brazilian government’s 50% export tax  

State oil company halts distillate fuel exports while assessing impact of new levy.
The LNG bunkering vessel Alisios LNG. Scale Green Energy launches 12,500-cbm LNG bunkering vessel in Spain  

Alisios LNG will supply marine fuel from the Huelva plant, chartered by Axpo Iberia.
The pure car and truck carrier Tourmaline Ace. Piraeus port signs LNG-fuelled car carrier deal with MOL  

Mitsui O.S.K. Lines' LNG-powered vessel made inaugural call at Greek port on 10 March.
Hydrogen ship render. DNV study recommends design-based safety approach for hydrogen-fuelled vessels  

Study for EMSA calls for secondary enclosures across all hydrogen components, including open deck.
The pure car and truck carrier Grande Seoul. Grimaldi takes delivery of ammonia-ready car carrier Grande Seoul  

Ninth vessel in series joins fleet for Asia-Europe service with 50% lower emissions.
Photograph of Oğuz Yazici, Country Manager at Oilmar DMCC. Oilmar appoints Turkey country manager as part of regional expansion  

Dubai-based bunker and cargo trader promotes from within to lead Turkish operations.
Photograph of the GNV Aurora ferry's first LNG bunkering in Genoa, in March 2026, with delivery tanker Green Zeebrugge alongside. GNV Aurora completes first LNG bunkering in Genoa  

GNV's second LNG-powered ferry receives fuel in Italian port, with a shore power trial scheduled.




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