Actual price increase per trade will be released by the end of January. VLSFO bunker prices in Singapore ended at a premium to MGO, reports Ship&Bunker. 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. Still, the impact of recent bunker quality issues remained relatively muted on the price of the fuel due to weak market fundamentals. View Quotes 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. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. Dec 18 Kashagan Public Holiday- Public Holiday. 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. Source: Bloomberg Intelligence, Port prices reflect the average fuel price in the ports of Singapore, Rotterdam, Fujairah, and Houston. Consider that the top 7 ports account for 60% of bunker demand (Singapore skews this number significantly). The average increase in … She added lower VLSFO arbitrage volumes from Brazil would tighten supplies in the Singapore hub, offering further price support. 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 availability of 3.5% HSFO. Singapore VLSFO max 0.5% Price Today USD/MT, Live & Historical Price Charts -- Delivered VLSFO marine fuel price remains higher than 0.1% low sulfur marine gasoil (LSMGO) in Singapore-- Delivered 380 CST marine fuel price climbed higher in Singapore Europe.-- Sales of the compliant 0.5% very low sulfur fuel oil (VLSFO) made more … 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. It should be noted that the SS indexes in Rotterdam and Singapore are almost equal now: 74-75 USD. BIMCO highlights tumbling very low sulphur fuel oil (VLSFO) prices, with Singapore registering a $99 fall from a 7 January peak of $740 per metric tonne (p/mt) to $641 p/mt on 22 January. Singapore — Singapore's marine gasoil demand is unlikely to receive a significant boost going into 2020 despite its rapidly narrowing price gap to low sulfur fuel oil in the lead-up to the International Maritime Organization's 0.5% sulfur cap on marine fuels from January … From 01 January 2020, with the market fully transitioning to VLSFO as the main compliant fuel, price distortions spiked. In this post, part two of our five-part series on IMO 2020, we take a look at what VLSFO blends may look like next year, what the main components will be, where they will be produced and what compatibility issues may arise. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/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 Although an increasing price differential between 3.5% HSFO and VLSFO/MGO may significantly decrease the theoretical payback time on a scrubber, there are larger issues and areas of uncertainty: 1. 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. Maersk hikes bunker adjustment factor after VLSFO price surge in Singapore Maersk will raise its baf and environmental fuel fee by $50 to $200 after VLSFO demand surged in Singapore in the past two months. 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. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. 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. The cargo was loaded from Kaohsiung at the end of June. 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. Although VLSFO is a relatively new product in the market - introduced primarily in response to IMO 2020, it is regarded as a viable alternative to MGO LS, as VLSFO has traditionally been sold at a price discount in the range of US$20-60/tonne in Singapore. 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. 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. VLSFO prices in Gibraltar, Fujairah and Singapore rising fast and well above the $540-560/ton range we saw in October/November. The price difference between 380 HSFOs and VLSFOs (the so-called Scrubber Spread (SS)) averaged USD 57.06 (56.04 USD a week before). More locations are added every day, as suppliers world wide gear up […] 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. 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. On 6 March, it was $5 in Hong Kong and $15 in Singapore. The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices. The differential between VLSFO and MGO is still narrow in some Asian ports. This means quoted VLSFO prices are now around $230-240/ton above HSFO. Find information for Singapore FOB Marine Fuel 0.5% (Platts) Futures Quotes provided by CME Group. 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. The record low for the spread was $7.39/mt, reached on April 9. PBT adds VLSFO prices to indications list 14 October 2019. 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. 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. VLSFO 0.5% w/w S (Singapore) The October 2019 price for VLSFO fell to 73.2 USD/bbl from 90.7 USD/bbl in October 2018. Port Name: HSFO: VLSFO: ULSFO: MGO: Last Update (GMT) Singapore, Singapore: 307: 366: 375: 19 / Nov / 2020 : Rotterdam: 275: 338: 345 Data courtesy of S&P Global Platts 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. 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. “Both the high-sulphur fuel oil (HSFO) and VLSFO markets will continue to remain tight over November and December,” she said. 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. 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. 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. 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