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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 | 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 |
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