World News
IMO2020: Curoil Preparing for VLSFO Supply in Curaçao
Curoil has confirmed it is looking to supply IMO2020 grade fuels, Managing Director Yamil Lasten has told Ship & Bunker.
While exact timing is yet to be determined, compliant product imports are expected to come from outside of the Caribbean region, such as Singapore is importing from Europe, he added.
The 0.50% sulfur offering will come in addition to the company's existing offering of HSFO, MGO, low sulfur diesel, and marine lubricants.
While specs and pricing are yet to be finalized, Lasten says in general bunker buyers can expect HSFO to become at least US$30 to $40 cheaper than LSFO grades.
"As a Trader and Physical Supplier, Curoil is ready to adopt the IMO 2020 specs for bunker supplies," he said.
"Curoil is monitoring the market / industry to be able to offer compliant fuels as requested."
Curoil's supply market includes the "ABC" islands of Aruba, Bonaire, and Curaçao.
Lasten will be giving further insight into the market outlook and impact of IMO2020 for the South Caribbean next week at the IBIA Caribbean Bunker Conference (ICBC) – The Caribbean Journey to 2020 Compliance, which takes place September 10-12, 2019 at the Iberostar Grande / Suites Hotel, Montego Bay, Jamaica.
The event is hosted by Maritime Authority of Jamaica and presented in partnership with Ship & Bunker.
For more information, including details on the full agenda and to register, please visit: https://shipandbunker.com/events/icbc
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 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 25The firm has halted production as of November 25 due to a lack of prompt availability of commercially viable feedstock. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer.