World News
HSFO Supply Post-IMO2020 Not an Issue: Survey
Most of the main bunkering centres are geared up for the switch to low sulfur fuel oil, a new survey has found.
The survey, conducted by maritime publication Tradewinds, looked at the situation across key bunkering ports.
"[It] found that 18 of the world's largest bunkering ports will generally be able to supply the main types of marine fuels in January 2020," according to Tradewinds.
One of the major fears associated with the switch away from high sulfur fuel oil is its implied scarcity. But this appears to be unfounded.
"Concerns over HSFO availability as many refiners move to limit its production appear unfounded. The dominant bunker fuel pre-2020 is still expected to be available at all those ports come January," the survey found.
With alternatives to the predominant oil-derived bunker fuel, the most common form of alternative marine fuel, liquified natural gas, will be commercially available in at least six of the 18 ports, including Singapore and Rotterdam, it said.
In addition to the above ports, the survey covered Busan, Shanghai, Zhoushan, Hong Kong, Colombo, Mumbai, Fujairah, Durban, Istanbul, Piraeus, Gibraltar, New York, Houston, Los Angeles, Panama and Santos.
Following the recent increase in both supply and demand for VLSFO, Ship & Bunker is now providing indications for VLSFO bunkers in over 60 ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| 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 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.