World News
Scrubbers to Continue Playing a "Minor Role" for Tanker Segment Through 2020
Monday March 12, 2018
Scrubbers will continue to play a "minor role" for the tanker segment in the run up to January 1, 2020 when the global 0.50% sulfur cap comes into force.
Writting in its latest Weekly Tanker Market Report, Gibsons says the knock on effect will be a significant demand shift across the barrel in less than two years’ time.
"Fuel oil trade will be fundamentally affected," it says.
The comments are the latest in a string of observations noting the very real likelihood that HSFO demand could drop off - and conversely, demand for 0.50% sulfur products increase - well before the January 1, 2020 date.
Vitol executive committee member Chris Bake and NSI's Paul Hardy have recently commented on the resulting implications for storage.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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