World News
VPS Launches New Service in Wake of Bad Bunker Claims
Veritas Petroleum Services (VPS) today launched a new service in response to anticipated bunker quality problems related to the upcoming IMO 2020 global 0.50% sulfur cap for marine fuel.
The new "Additional Protection Service" (APS) also follows a year where large-scale "bad bunker" problems were among the biggest stories of 2018.
"Whilst ISO8217 offers a significant level of protection to fuel purchasers and their vessels, the introduction of new fuels, cutter stocks, blending agents and additives, to ensure fuels comply with IMO-2020 requirements, would indicate a potential higher degree of risk associated with marine fuels going forward," said VPS.
"Therefore, the VPS-Additional Protection Service (APS), offers a residual fuel and a distillate fuel package, including ISO8217 test parameters, plus additional key test parameters to provide much more information on the fuel/s you receive."
The uptake of either the residual and/or distillate APS, will also provide clients with priority and discount on any further investigative testing, if required, VPS adds.
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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