World News
BP Announces Supply Locations for its New 0.50%S VLSFO Bunkers
BP Marine today announced it is ready to retail 0.50% sulfur VLSFO bunkers, following what it said were successful sea trials with fuel manufactured and supplied in ARA and Singapore.
VLSFO will be available in Seattle, Panama (Balboa / Cristobal), South Africa (Cape Town / Durban / Richards Bay), Oman (Salalah), ARA, China and Hong Kong, Singapore, Australia (Fremantle / Gladstone / Brisbane) and New Zealand.
BP said it has also made a number of configuration changes at its refineries for IMO2020 fuel production, particularly with regards to the segregation, handling, and storage of the fuels.
"We have undertaken a comprehensive test campaign, conducting ship-board trials of our new very low sulphur fuel. Following the success of these sea trials, and working closely with our customers, we believe we now have a robust commercial offer that will support customers in complying with MARPOL," said Eddie Gauci, Global Head, BP Marine.
The new global 0.50% sulfur cap on marine fuel comes into force from January 1, 2020.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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