World News
IMO2020: Chevron VLSFO Coming to Market in Q3
Wednesday June 5, 2019
Chevron’s IMO2020 compliant VLSFO blend will likely come to market by the end of Q3, Chevron Fuels Technologist Monique Vermeire has told Reuters.
Speaking on the sidelines of an industry event today, Vermeire said the energy major could also make the product available now for any parties interested in trialing the 0.50% max sulfur blend.
“But not for continuous purchase,” she added.
There was no word on where the product will be made available, and as with most other suppliers, indicative quality specs and pricing are also yet to be revealed.
The global sulfur cap on marine fuel lowers to 0.50% from January 1, 2020. Vessels are expected to begin lifting the new fuels en masse from Q3.
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 |
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