On a day marked by nervousness in the raw materials markets, the Port of Las Palmas consolidates its position as the **logistical refuge of the Atlantic**. While the barrel of Brent is trading dangerously above **87.50 euros**, volatility has caused disparate adjustments in supply prices. In locations like Rotterdam, the price of marine gas oil (LSMGO) has plummeted **55.30 euros per ton** in just 24 hours, an aggressive drop aimed at attracting demand restrained by the **war uncertainty in the Middle East**.
The competitiveness of the **Gran Canaria docks** is being measured today against a **Strait of Gibraltar** that has seen its VLSFO prices drop by **about 5.50 euros per ton**, placing pressures on local operating margins. However, Las Palmas leverages the advantage of **availability**: in Malta, the price of gas oil has suddenly dropped **97.70 euros** following a supply contract, but the reality for shipowners is that there is no product available until **April 28**. This paralysis in the central Mediterranean diverts interest towards the Canary Islands, where bunkering is delivered with a premium of **reliability** that vessels en route to the Cape of Good Hope need to secure.
The differential between **heavy fuel oil (HSFO)** and **low sulfur fuel oil (VLSFO)** has widened by **about 12 euros per ton** in the latest session, a figure that forces shipping companies to recalculate with precision the costs of their calls at the islands. Las Palmas maintains a **smooth operation** compared to the loading delays that are suffocating other African ports like Durban, where prices have fallen **26.70 euros per ton** due to a lack of immediate buyers. In the Canarian facility, **logistical stability** helps mitigate the impact of what the IEA is already defining as the **worst energy crisis in history**.
The focus of local operators is now on **currency parity** and negotiations in Islamabad, as every cent movement in crude immediately impacts the **bunkering import costs**. With Brent settling around **87.50 euros**, the Port of Las Palmas strengthens its **strategic role**, offering delivery security against a Mediterranean market that, despite reducing prices due to pure commercial pressure, seems unable to supply goods on time.
