World News
Gazpromneft Marine Bunker to Discuss Impact of 2020 Sulfur Cap on Russian Bunker Market
Wednesday May 10, 2017
Anastasia Kaziyeva, Head of Strategic Planning and Development Department at Gazpromneft Marine Bunker LLC (Gazpromneft), is set to speak on the impact of a 0.50 percent global cap on sulfur on the Russian bunker market from 2020 at the "Current State and Prospects for Development of Russian Bunker Services Market," PortNews IAA reports.
The forum, which is set to be held in Saint-Petersburg on June 29-30, is being organised by the Russian Association of Marine and River Bunker Suppliers.
As Ship & Bunker reported in March, a recent market survey conducted by Argus showed that fuel oil sales at Russian seaports decreased by 26 percent compared to 2015 to 8.8mn tonnes (t) in 2016.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.