World News
IMO2020 Rule to Lift Hull Cleaning Demand
The jump in bunker prices due to the upcoming IMO2020 rule is expected to cause a shift in demand for many maritime services, and HullWiper today says hull cleaning will be among them.
"Dubai-based HullWiper is ready for a likely surge in demand for its services," it said today.
The company is known for its underwater cleaning robots that use high-pressure water jets, rather than divers or brushes, to remove fouling from ships.
"Well maintained hulls and propellers go hand-in-hand with good fuel performance over a longer period, and possibly also lower maintenance costs at the next docking," says HullWiper.
The global sulfur cap for marine fuel lowers to 0.50% from January 1, 2020, with early indications from Ship & Bunker data showing the new IMO2020 grade fuel in the primary ports is priced $150-$200/mt over HSFO.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.00 | 9.50 | 674.00 | 4.50 |
| Rotterdam | 507.00 | 5.00 | 663.50 | 12.50 |
| Houston | 549.50 | 2.50 | 677.00 | 5.00 |
| Fujairah | 548.50 | 7.00 | 748.50 | 4.50 |
| Global 20 Ports Average | 580.00 | 3.50 | 761.00 | 1.50 |
| Global 4 Ports Average | 540.00 | 6.50 | 691.00 | 6.50 |
| Global Average Bunker Price | 625.50 | 7.00 | 809.50 | 1.50 |
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