On 6 March, it was $5 in Hong Kong and $15 in Singapore. The Global Marine Fuels Report includes price assessments for 0.5% VLSFO and high-sulfur bulk and bunkering fuels in the most important ports around the world. Data courtesy of S&P Global Platts 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. 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 premium for delivered very low sulfur fuel oil (VLSFO) in Singapore over local cargo prices dropped to just $12.95/mt on July 9, according to price reporting agency S&P Global Platts, down from $24.52/mt two weeks earlier. PBT adds VLSFO prices to indications list 14 October 2019. 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. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. It should be noted that the SS indexes in Rotterdam and Singapore are almost equal now: 74-75 USD. Platts assessed Singapore delivered marine fuel 0.5%S at $565/mt January 31, a decrease of 23.6% from a record high of $740/mt January 6. 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. 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. 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. Average data indications. 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. 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. 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. The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices. 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. Kaohsiung Taiwanese state-owned CPC Corp on Friday increased the price of IFO380 and Marine Fuel 0.5% by $7, and MGO by $5. In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/mt” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Marine Fuel” for “0.5% FOB Singapore cargo” for each business day (as specified below) in the determination period From 01 January 2020, with the market fully transitioning to VLSFO as the main compliant fuel, price distortions spiked. This means quoted VLSFO prices are now around $230-240/ton above HSFO. 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. Yearly, 2019 prices are 74.1 USD/bbl, 4.6 USD/bbl lower than the 2018 average price. The spread between Singapore VLSFO (0.5% sulphur) and Rotterdam VLSFO (0.5% sulphur) fell to $30.00/MT in 3 weeks. Consider that the top 7 ports account for 60% of bunker demand (Singapore skews this number significantly). The record low for the spread was $7.39/mt, reached on April 9. The average increase in … VLSFO prices in Gibraltar, Fujairah and Singapore rising fast and well above the $540-560/ton range we saw in October/November. Source: Bloomberg Intelligence, Port prices reflect the average fuel price in the ports of Singapore, Rotterdam, Fujairah, and Houston. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. VLSFO bunker prices in Singapore ended at a premium to MGO, reports Ship&Bunker. 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. Still, the impact of recent bunker quality issues remained relatively muted on the price of the fuel due to weak market fundamentals. 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