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:

25-Sep-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

11:33 AM

Last

Change

Rotterdam

257-259

300-310

S.I.

N/A

317-319

mixed

WTI

$40.10

- 0.21

Ghent

260-262

303-313

S.I.

N/A

320-322

mixed

BRENT

$41.79

- 0.15

St. Petersburg

227-229

290-295

312-314

N/A

327-329

steady

Hamburg

278-280

314-319

N/A

N/A

339-341

steady/good avails 9/28

SKAW

257-264

304-310

S.I.

N/A

334-337

steady - tight

Gibraltar

292-294

305-315

N/A

N/A

352-362

steady

Malta

S.I.

310-315

N/A

N/A

347-367

steady

Las Palmas

277-279

308-315

N/A

N/A

355-362

steady

Poland

N/A

306-311

N/A

N/A

375-380

steady

Jeddah

N/A

296.00

N/A

406.00

N/A

Posted Sep 18 onwards

Suez

285-290

N/A

N/A

N/A

420-425

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

N/A

335-340

N/A

N/A

362-364

steady

Kali Limenes

N/A

340-345

N/A

N/A

370-375

steady

Fujairah

S.I.

353-358

N/A

N/A

477-479

mixed

Durban

280-285

355-360

N/A

N/A

465-470

very tight avails

Capetown

N/A

395-400

N/A

490-495

N/A

tight / mgo ADO by truck

Algoa Bay

N/A

370-375

N/A

N/A

497-499

mixed

Port Louis

S.I.

365-370

N/A

N/A

462-465

tight avails

Istanbul

N/A

315-320

N/A

N/A

362-365

steady/prompt

Novorossiysk

262-264

295-300

N/A

N/A

387-390

steady

Tuapse

N/A

295-300

N/A

N/A

387-390

steady

Singapore

262-272

332-350

N/A

S.I.

337-348

steady - EDD 10/4-5

Hong Kong

278-283

305-310

N/A

S.I.

327-329

steady

Shanghai

294-298

335-338

N/A

N/A

407-417

mixed

Busan

302-304

345-350

N/A

367-369

372-374

mixed - 10/2

Tokyo

298-300

350-355

N/A

592-597*

N/A

MDO/VLSFO extremely tight

Taiwan

295

350

N/A

N/A

385

steady

PORT

IFO 380

VLSFO 0.5%

ULSFO 0.1%

MGO DMA

LSMGO 0.1%

Comments / EDD

Barging

New York

260-265

315-320

N/A

N/A

335-340

steady

$7,618.75 Min.

Philadelphia

265-270

320-325

N/A

N/A

340-345

steady

$7,618.75 Min.

Norfolk

N/A

S.I.

N/A

N/A

360-365

steady

$7,618.75 Min.

Houston

245-248

320-325

N/A

N/A

342-344

very tight - thru 9/28

$11,798.60 Min.

New Orleans

277-279

305-325

N/A

S.I.

347-367

mixed

$13,081.00 Min

Vancouver B.C.

S.I.

300-305

N/A

S.I.

385-390

softer/ VLSFO tight

$9,000.00 Min.

LA/LB, California

S.I.

350-355

N/A

N/A

390-395

steady/EDD  9/27-28

MTD

Panama

282-292

315-325

N/A

N/A

372-382

steady

$8,500.00 Min. +++

St. Eustatius

310-312

380-385

N/A

N/A

412-415

steady

$2,500 calling costs

Kingston

S.I.

370-375

N/A

N/A

470-475

steady

MTD; agent req'd

Trinidad OPL

N/A

360-365

N/A

N/A

450-455

good avails EDD 9/27 onwards

MTD

Santos

N/A

329-330

N/A

416-418

N/A

mixed

MTD

Zona Comun

N/A

362-367

N/A

N/A

442-444

mixed / good avails

MTD

Bahia Blanca

N/A

365-370

N/A

N/A

507-509

steady/good avails

MTD

La Libertad

260-265

380-385

N/A

N/A

520-525

S.I. only due to market volatility

<400MT:$6000 barging

Callao

N/A

380-385

N/A

N/A

467-470

steady/good avails

$600 pollution; if <400MT:$6000 barging + $1440 if at berth

San Antonio

400-405

410-415

N/A

N/A

585-590

steady Sep 27 subj barge load

<350mt: $3900 barging

Montevideo

N/A

445-450

N/A

588-590

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