World News
Austrian Company Launches IMO2020 Grade Fuel
Vienna-listed oil and gas company OMV is the latest firm to announce it has developed a low sulfur IMO2020 grade fuel oil (VLSFO) product with a max 0.5% sulfur content.
The product is said to meet ISO 8217:2017 specs.
The 0.5% sulfur fuel has been produced "in close co-operation with the world's leading designer and manufacturer of low and medium-speed engines", the company said.
"Our new VLSFO will be produced in our Schwechat and Petrobrazi refineries and will be made available to our customers in the ports of Venice and Trieste in the northern Adriatic as well as the port of Constanta in Romania," according to Bas Verkooijen, a senior executive at the company.
The company added that it "will continue to supply marine customers with marine gasoil and high sulfur fuel oil for vessels with scrubbers".
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Constanta |
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| Singapore | 565.50 | 6.00 | 661.50 | 4.00 |
| Rotterdam | 510.00 | 2.00 | 661.00 | 2.00 |
| Houston | 548.00 | 2.50 | 666.50 | 0.50 |
| Fujairah | 555.50 | 5.00 | 746.00 | 2.50 |
| Global 20 Ports Average | 582.50 | 1.50 | 753.00 | 1.50 |
| Global 4 Ports Average | 544.50 | 3.00 | 683.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 2.50 | 803.50 | 2.00 |
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