Consider that the top 7 ports account for 60% of bunker demand (Singapore skews this number significantly). Data showed average indications as $613/mt for the 0.50% sulfur product, compared to $603/mt for MGO and $610/mt for 0.10% sulfur LSMGO. The OPIS BTU Indicator helps buyers plan cost-effective fuel purchases by calculating the energy content in the new 0.5% VLSFO compared with legacy high-sulfur marine fuels. At the other end of the scale, however, there was an $87 spread in Shanghai, with MGO priced at $522 p/mt and VLSFO at $435 p/mt. The tight barge VLSFO availability has also caused the VLSFO-MGO price spread to narrow significantly for prompt fuel deliveries, and in some cases prompt VLSFO deliveries traded at a premium to MGO, according to six Singapore-based fuel oil and bunker traders. Average data indications. VLSFO prices in Gibraltar, Fujairah and Singapore rising fast and well above the $540-560/ton range we saw in October/November. On 6 March, it was $5 in Hong Kong and $15 in Singapore. VLSFO for sale in October in Singapore, the world's biggest ship fuelling port, is currently indicated at $465.25 a ton, according to data from brokers Starfuels. Source: Bloomberg Intelligence, Port prices reflect the average fuel price in the ports of Singapore, Rotterdam, Fujairah, and Houston. CPC last sold 40,000 mt of 0.45% sulfur 40 CST VLSFO via a tender at around a $12-14/mt discount to the Singapore price, said one trader. The VLSFO prices in Singapore averaged USD 245 per MT in April, a massive cost saving from the January average of USD 664 per MT. In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. Given the current price differential between 3.5% and 0.5% sulfur marine fuel, the Platts Cape T4 index implies that the earnings spread on Nov. 1 is $4,943 per day to the advantage of scrubber-equipped Capesizes. The spread between VLSFO and high-sulfur fuel used by shippers that installed scrubbers was $330 per tonne in Singapore and $272 per tonne in Houston, S&P Global Platts data showed. Yearly, 2019 prices are 74.1 USD/bbl, 4.6 USD/bbl lower than the 2018 average price. PBT adds VLSFO prices to indications list 14 October 2019. More locations are added every day, as suppliers world wide gear up […] Negotiations for the term supply of Singapore ex-wharf marine fuel 0.5%S bunker for July were largely inconclusive so far, as the market was still awaiting cues on near-term price direction amid a wide bid-offer spread, market sources said June 9. Actual price increase per trade will be released by the end of January. Very-Low Sulphur Fuel Oil (VLSFO) prices have risen to USD 710 per metric tonne in Singapore on 2nd January 2020, a price increase of 30%, when compared to 2nd December 2019. View Quotes Simply comparing the current spread between HSFO and VLSFO is not a fair representation of price pressure, although this comparison has repeatedly been treated as such in coverage of IMO 2020. The average increase in … In this post, part two of our five-part series on IMO 2020, we take a look at what VLSFO blends may look like next year, what the main components will be, where they will be produced and what compatibility issues may arise. “Both the high-sulphur fuel oil (HSFO) and VLSFO markets will continue to remain tight over November and December,” she said. Singapore — Singapore's marine gasoil demand is unlikely to receive a significant boost going into 2020 despite its rapidly narrowing price gap to low sulfur fuel oil in the lead-up to the International Maritime Organization's 0.5% sulfur cap on marine fuels from January … For a period of time and due to the very limited availability, Singapore VLSFO was pricing way above anywhere in the region and even above LSMGO. The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices. If assuming bunker consumption of 40 MT per day, shipowners are set to save USD 16,760 per day when going by the averages of January and April. Singapore VLSFO max 0.5% Price Today USD/MT, Live & Historical Price Charts Port Name: HSFO: VLSFO: ULSFO: MGO: Last Update (GMT) Singapore, Singapore: 307: 366: 375: 19 / Nov / 2020 : Rotterdam: 275: 338: 345 She added lower VLSFO arbitrage volumes from Brazil would tighten supplies in the Singapore hub, offering further price support. The availability of 3.5% HSFO. From 01 January 2020, with the market fully transitioning to VLSFO as the main compliant fuel, price distortions spiked. The average increase in … Kaohsiung Taiwanese state-owned CPC Corp on Friday increased the price of IFO380 and Marine Fuel 0.5% by $7, and MGO by $5. The record low for the spread was $7.39/mt, reached on April 9. The international vessel fleet burns mainly VLSFO rather than HSFO or marine gasoil (MGO), as evidenced by statistics from Singapore, the biggest bunkering port in the world. VLSFO bunker prices in Singapore ended at a premium to MGO, reports Ship&Bunker. With the global 0.5% sulphur cap as per January 1st 2020 approaching rapidly, PBT has added indications for VLSFO (Very Low Sulphur Fuel Oil) to its indications list. % w/w S ( Singapore ) the October 2019 price for VLSFO to. The major bunkering hubs of Singapore, Rotterdam, Fujairah, and Houston,... 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