World News
Israel to Impose 0.10% Bunker Sulfur Limit in Ports From February
Thursday December 29, 2022
Israel's government is set to impose a 0.10% sulfur limit for ships at ports in its waters from early next year.
The new 0.10% sulfur limit will apply to all ships at Israeli ports and designated anchorage areas from February 23, insurance provider North said in a note on its website this week, citing information from Harpaz P&I.
The limit will require ships at Israeli ports to switch to 0.10% sulfur fuels like marine gasoil or run a scrubber, as is needed in areas of Northern Europe, the US and Canada where a regulation of this kind has already been imposed.
A 0.10% sulfur limit is also due to be introduced in the Mediterranean from May 2025 after the plan was adopted at the IMO earlier this month.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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