World News
FONAR Filings to IMO Drop to Four in March
Monday April 20, 2020
Just four fuel oil non-availability reports (FONARs) used to seek permission to burn high-sulfur fuels where no alternative is possible were filed in March, according to the International Maritime Organization's (IMO) records.
The four filings compare with eight posted in February and 44 in January, according to the IMO. Not all flag states pass on FONARs to the IMO at the same pace, and more filings for March may be added over the coming months.
FONARs are submitted by ships to the flag state where they are registered in the event that they are unable to buy compliant fuels and plan to use non-compliant ones instead.
The four reports filed for March refer to availability problems in Cuba, France, the Phillippines and Saudi Arabia.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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