World News
ExxonMobil Starts VLSFO Supply in Singapore, ARA
ExxonMobil has started supply of its 0.50% sulfur VLSFO bunkers in the Singapore and ARA (Amsterdam, Rotterdam and Antwerp) markets.
The Energy Major first announced the fuels last year, highlighting at the time a key differentiator of its offering is that all its 0.50% VLSFO has global compatibility.
In July the company then announced it was branding its new IMO2020 grade fuel offering as "EMF.5" as part of the ongoing efforts to differentiate its offering from the competition.
"We're not doing this for ourselves, we're doing this for our customers. And I think it's important for us to do this now in an industry that continues to highlight quality as a major concern," Luca Volta, Marine Fuels Venture Manager, told Ship & Bunker at the time.
The EMF.5 fuels as they are actually a range of fuels with slightly different characteristics depending on which part of the world they originate, but all will be sold against the ISO 8217:2017 specification.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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