World News
First Phase of South Korea SECA Coming in September
Monday May 18, 2020
The first phase of a new Sulphur Emission Control Area (SECA) for South Korea is set to come into force from September 1, 2020.
From September 1, 2020 until December 31, 2021 the new rules will require vessels to use a max 0.10% sulfur marine fuel while at berth or anchorage.
From January 1, 2022 onwards vessels will be required to use 0.10%S fuel at all times when they are within the SECA's waters.
The 0.10%S limit matches that of the existing SECA and ECA limits of North America and Europe.
In an emailed bulletin today, FOBAS noted the ports impacted by the new rules are as follows:
- Busan
- Incheon
- Ulsan
- Yeosu
- Gwangyang Port (Including Hadong port)
- Pyeongtaek-Dangjin Port
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
Popular Now More
-
Apr 16The firm will acquire majority ownership of the Spanish firm for an undisclosed sum, subject to closing conditions and regulatory approvals. -
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 15The Athens branch manager of global marine fuel supplier and trading firm Monjasa has stepped down from his role at the company.