311 Post Road East

Westport, CT 06880

Tel: 203.227.3200

Fax: 203.227.3910

Email: bunkers@merlinpetroleum.com

To All Our Clients:

www.merlinpetroleum.com

Bunker price indications for:

10-Jul-20

Based on RMG 380 / VLSFO / ULSFO / MGO / LSMGO

The following prices ex-wharf indications only for 500/50 MTS, unless otherwise noted. Prices without guarantee!

PORT

IFO 380

VLSFO 0.5%

ULSFO 0.1%

MGO DMA MDO*

LSMGO 0.1%

Comments / EDD

12:00 PM

Last

Change

Rotterdam

252-254

302-307

350-355

N/A

355-365

steady

WTI

$40.21

+ 0.59

Ghent

255-257

305-310

353-358

N/A

358-368

steady

BRENT

$42.98

+ 0.63

St. Petersburg

240-242

300-305

338-340

N/A

358-360

steady

Hamburg

265-267

323-328

N/A

N/A

372-382

steady

SKAW

262-265

305-310

370-373

N/A

370-372

steady

Gibraltar

280-285

330-335

N/A

N/A

375-380

softer

Malta

S.I.

325-330

N/A

N/A

375-380

mixed

Las Palmas

280-285

330-335

N/A

N/A

385-395

softer

Poland

N/A

334-339

N/A

N/A

397-400

softer

Jeddah

N/A

318.00

N/A

425.00

N/A

Posted July 10th onwards

Suez

N/A

N/A

N/A

N/A

N/A

very tight avails, + barging for small qty's

Port Said

N/A

N/A

N/A

N/A

N/A

very tight avails, + barging for small qty's

Piraeus

S.I.

355-360

N/A

N/A

385-390

softer

Kali Limenes

N/A

365-370

N/A

N/A

390-395

softer

Fujairah

S.I.

335-340

N/A

N/A

425-430

softer

Durban

270-275

360-365

N/A

N/A

475-480

very tight avails/ EDD Jul 12

Capetown

N/A

380-385

N/A

500-505

N/A

* 180 cst / mgo ADO by truck

Algoa Bay

S.I.

395-400

N/A

N/A

525-530

steady

Port Louis

S.I.

375-380

N/A

N/A

470-475

steady/ tight avails

Istanbul

N/A

340-345

N/A

N/A

402-405

softer/EDD prompt

Novorossiysk

235-237

312-317

N/A

N/A

373-375

softer

Tuapse

N/A

312-317

N/A

N/A

373-375

softer

Singapore

260-265

325-330

N/A

N/A

375-385

softer- EDD 7/17-18

Hong Kong

274-279

355-358

N/A

SI

377-382

steady

Shanghai

S.I.

340-345

N/A

N/A

422-437

steady/ tight

Busan

327-330

355-360

N/A

402-405

412-415

firm - EDD 7/15

Tokyo

295-300

355-360

N/A

537-542*

N/A

* MDO /VLSFO extremely tight

Taiwan

301

364

N/A

N/A

435

steady

PORT

IFO 380

VLSFO 0.5%

ULSFO 0.1%

MGO DMA

LSMGO 0.1%

Comments / EDD

Barging

New York

240-242

325-330

N/A

N/A

370-375

mixed

$7,618.75 Min.

Philadelphia

245-247

340-345

N/A

N/A

380-385

mixed

$7,618.75 Min.

Norfolk

N/A

365-370

N/A

N/A

405-410

mixed

$7,618.75 Min.

Houston

255-257

285-290

N/A

N/A

365-370

softer - tight - EDD July 12

$11,798.60 Min.

New Orleans

265-270

305-320

N/A

S.I.

375-385

mixed

$11,375.00 (Stone) or $13,081.00 (others)

Vancouver B.C.

S.I.

348-350

N/A

S.I.

400-405

steady/ VLSFO tight/EDD 7/10-11

$9,000.00 Min.

LA/LB, California

S.I.

345-350

N/A

N/A

400-405

steady/EDD July10 depend on qty

MTD

Panama

295-297

335-340

N/A

N/A

400-410

prompt

$8,500.00 Min. +

St. Eustatius

335-337

395-400

N/A

N/A

455-458

firm/good avails / Jul 12-14

$2,500 calling costs

Kingston

N/A

370-375

N/A

N/A

465-470

steady

MTD; agent req'd

Trinidad OPL

N/A

375-380

N/A

N/A

465-470

EDD SUBJECT INQUIRY

MTD

Santos

N/A

311-312

N/A

456-457

N/A

softer

MTD

Zona Comun

N/A

357-362

N/A

N/A

505-510

steady/ EDD July 12-13

MTD

Bahia Blanca

N/A

385-390

N/A

N/A

575-580

steady/EDD 7/13-some tightness

MTD

La Libertad

235-240

340-345

N/A

N/A

399-401

S.I. only due to market volatility

<400MT:$6000 barging

Callao

N/A

372-377

N/A

N/A

512-515

steady/good avails

$6000 barging+$600 pollution+$1440 at berth

San Antonio

382-385

415-420

N/A

N/A

530-532

steady EDD 7/14, subj barge load

<350mt: $3900 barging

Montevideo

N/A

455-460

N/A

585-590

N/A

steady

MTD

Rosario/San Lorenzo: no avails until further notice

For further information please contact Terri / Adrian  /Federico

Phone: 203-227-3200; Fax: 203-227-3910; Email: bunkers@merlinpetroleum.com

(**) SUBJECT TO CHANGE WITHOUT NOTICE

PLEASE VISIT OUR WEBSITE AT: www.merlinpetroleum.com