Average Bunker Price 2007-2009

According to the Bunkerworld Prices web-page, designed to track bunker prices for the TSA, below are the following average bunker prices from the second quarter of 2007, until first quarter of 2009.

Weekly average price IFO380 Hong Kong/Los Angeles

Quarter Average $/MT
Q1 2009 262.00
Q4 2008 297.50
Q3 2008 667.50
Q2 2008 586.50
Q1 2008 483.50
Q4 2007 474.00
Q3 2007 390.00
Q2 2007 361.50

Weekly average price IFO380 Hong Kong/New York

Quarter Average $/MT
Q1 2009 262.00
Q4 2008 297.50
Q3 2008 667.50
Q2 2008 586.50
Q1 2008 483.50
Q4 2007 474.00
Q3 2007 390.00
Q2 2007 361.50

I think it's a little hard to justify a bunker surcharge based on these figures.

Especially as the TSA started out with this assumption

TSA developed the following sample calculation of the new bunker charge in late 2008, from posted Hong Kong, Los Angeles and New York bunker fuel prices for July 18, 2008. These averaged $740.65 per ton to the U.S. West Coast, and $735 per ton to the U.S. East Coast.

I just realized the figures the TSA used are not supported by the Bunkerworld figures.

What idiot is running the show at TSA?

The carriers could save some money by getting rid of TSA and it's staff.

I don't think they need all these folks just to run the vessel sharing agreements.