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-Nov-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

11:50 AM

Last

Change

Rotterdam

297-299

360-365

390-395

N/A

400-405

firm

WTI

$45.49

+ 0.58

Ghent

300-302

363-368

363-398

N/A

403-408

firm

BRENT

$48.33

+ 0.47

St. Petersburg

272-275

342-347

367-370

N/A

377-380

firm

Hamburg

311-313

364-369

N/A

N/A

407-410

firm/good avails 11/28 onwards

SKAW

307-309

355-360

S.I.

N/A

402-405

firm/ tight

Gibraltar

317-320

375-380

N/A

N/A

412-415

firm

Malta

332-335

375-385

N/A

N/A

412-420

firm

Las Palmas

312-322

385-390

N/A

N/A

412-415

firm

Poland

N/A

375-380

N/A

N/A

432-437

firm

Jeddah

N/A

365.00

N/A

444.00

N/A

Posted Nov 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

380-385

N/A

N/A

405-410

firm

Kali Limenes

N/A

390-395

N/A

N/A

415-420

firm

Fujairah

S.I.

390-395

N/A

N/A

430-465

firm/tight/EDD S.I.

Durban

S.I.

430-435

N/A

N/A

525-530

firm/very tight

Capetown

N/A

410-415

N/A

540-545

N/A

tight / mgo ADO by truck

Algoa Bay

S.I.

S.I.

N/A

N/A

S.I.

S.I. / very tight avails

Port Louis

S.I.

410-415

N/A

N/A

535-540

tight avails

Istanbul

N/A

395-400

N/A

N/A

432-435

firm

Novorossiysk

307-310

365-370

N/A

N/A

432-435

firm

Tuapse

N/A

365-370

N/A

N/A

432-435

firm

Singapore

315-330

382-397

N/A

S.I.

397-417

firm - EDD 12/4-5

Hong Kong

330-335

390-395

N/A

S.I.

405-410

firm

Shanghai

S.I.

390-395

N/A

N/A

427-435

firm

Busan

342-345

405-410

N/A

422-425

427-430

firm / EDD Dec 1

Tokyo

S.I.

435-440

N/A

600-605

N/A

firm

Taiwan

341

395

N/A

N/A

435

mixed

PORT

IFO 380

VLSFO 0.5%

ULSFO 0.1%

MGO DMA

LSMGO 0.1%

Comments / EDD

Barging

New York

295-300

360-365

N/A

N/A

395-400

firm

$7,618.75 Min.

Philadelphia

305-310

370-375

N/A

N/A

402-405

firm

$7,618.75 Min.

Norfolk

N/A

S.I.

N/A

N/A

520-525

firm

$7,618.75 Min.

Houston

270-275

345-350

N/A

N/A

400-410

mixed/ tight thru nov 27

$11,798.60 Min.

New Orleans

310-312

375-380

N/A

S.I.

440-445

firm

$13,081.00 Min

Vancouver B.C.

S.I.

410-415

N/A

S.I.

515-520

firm/ VLSFO tight

$9,000.00 Min.

LA/LB, California

S.I.

370-375

N/A

N/A

450-460

firm/EDD  Nov 26-27

MTD

Panama

315-320

360-365

N/A

N/A

415-420

firm- VLSFO EDD TBD

$8,500.00 Min. +++

St. Eustatius

350-355

415-420

N/A

N/A

475-480

firm

$2,800 calling costs

Kingston

S.I.

385-390

N/A

N/A

490-495

firm

MTD; agent req'd

Trinidad OPL

N/A

425-430

N/A

N/A

505-510

tight avails

MTD

Santos

N/A

381-382

N/A

460-461

N/A

firm

MTD

Zona Comun

N/A

415-420

N/A

N/A

497-500

firm /gd avails 11/29

MTD

Bahia Blanca

N/A

430-435

N/A

N/A

522-525

firm/good avails - prompt

MTD

La Libertad

265-270

385-390

N/A

N/A

540-545

firm / EDD Nov 29

<400MT:$6000 barging

Callao

N/A

445-450

N/A

N/A

530-535

firm/good avails

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

San Antonio

400-405

425-430

N/A

N/A

570-575

firm Nov 29 subj barge load

<350mt: $3900 barging

Montevideo

N/A

470-475

N/A

600-605

N/A

firm

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