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-Jan-21

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

320-322

409-414

445-448

N/A

448-455

steady

WTI

$52.34

+ 0.07

Ghent

323-325

412-417

S.I.

N/A

451-458

steady

BRENT

$55.35

+ 0.10

St. Petersburg

311-315

405-410

435-438

N/A

448-450

steady

Hamburg

341-343

422-427

N/A

N/A

470-472

steady

SKAW

335-337

412-417

S.I.

N/A

460-465

steady

Gibraltar

345-347

430-435

N/A

N/A

485-490

EDD subj inquiry

Malta

352-354

420-425

N/A

N/A

470475

steady

Las Palmas

345-347

425-430

N/A

N/A

485-490

steady

Poland

N/A

420-425

N/A

N/A

487-492

steady

Jeddah

N/A

433.00

N/A

505.00

N/A

Posted 1/25

Suez

S.I.

N/A

N/A

N/A

S.I.

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

450-455

N/A

N/A

475-480

softer

Kali Limenes

N/A

455-460

N/A

N/A

480-485

softer

Fujairah

S.I.

464-469

N/A

N/A

537-539

steady/tight

Durban

S.I.*

485-490

N/A

N/A

530-535

* IFO180/very tight

Capetown

N/A

500-505

N/A

535-540

N/A

tight / mgo ADO by truck

Algoa Bay

S.I.

475-480

N/A

N/A

592-594

softer

Port Louis

S.I.

475-480

N/A

N/A

520-525

steady/Tight

Istanbul

N/A

450-455

N/A

N/A

500-502

firm/prompt

Novorossiysk

342-345

415-420

N/A

N/A

482-485

steady

Tuapse

N/A

415-420

N/A

N/A

485-487

steady

Singapore

336-338

448-453

N/A

450-455

457-465

steady 2/2-5

Hong Kong

S.I.

425-430

N/A

S.I.

447-450

steady

Shanghai

384-386

455-461

N/A

N/A

502-512

steady/tight avails

Busan

378-380

505-510

N/A

492-495

525-527

tight 2/1

Tokyo

427-430

467-470

N/A

516-518

655-660

steady

Taiwan

412

473

N/A

N/A

510

mixed

PORT

IFO 380

VLSFO 0.5%

ULSFO 0.1%

MGO DMA

LSMGO 0.1%

Comments / EDD

Barging

New York

345-350

445-450

N/A

N/A

490-495

steady

$7,618.75 Min.

Philadelphia

350-355

450-455

N/A

N/A

495-500

steady

$7,618.75 Min.

Norfolk

N/A

S.I.

N/A

N/A

525-530

steady

$7,618.75 Min.

Houston

315-320

410-415

N/A

N/A

480-485

steady

$11,798.60 Min.

New Orleans

345-350

415-420

N/A

S.I.

500-505

steady- EDD 1/26-27

$13,081.00 Min

Vancouver B.C.

S.I.

430-435

N/A

S.I.

525-530

steady/ VLSFO tight

$9,000.00 Min.

LA/LB, California

S.I.

455-460

N/A

N/A

510-515

steady

MTD (500/100mt)

Panama

350-355

425-430

N/A

N/A

500-505

steady-  EDD 126-26

$8,500.00 Min. +++

St. Eustatius

400-405

485-490

N/A

N/A

570-575

steady

$2,800 calling costs

Kingston

S.I.

490-495

N/A

N/A

590-595

steady

MTD; agent req'd

Trinidad OPL

N/A

490-495

N/A

N/A

560-565

tight avails/one barge in drydock

MTD

Santos

N/A

444-445

N/A

510-511

N/A

steady / EDD Jan 27

MTD

Zona Comun

N/A

495-500

N/A

N/A

572-575

mixed- EDD 1/28

MTD

Bahia Blanca

N/A

480-485

N/A

N/A

570-575

EDD 1/27  some delays expected

MTD

La Libertad

282-285

460-465

N/A

N/A

601-605

steady

<400MT:$6000 barging

Callao

N/A

495-500

N/A

N/A

592-595

steady

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

San Antonio

505-507

549-554

N/A

N/A

574-577

mixed- EDD 1/28

<350mt: $3900 barging/min qty 250mt

Montevideo

N/A

525-530

N/A

615-620

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