The answer is no. Read our collection of the latest bunker fuel market news and insight on IMO 2020 impact on diesel prices and distillate blends, VLSFO, bunker fuel prices and more. Directly accessible data for 170 industries from 50 countries The ideal entry-level account for individual users. In order to compete, 3.5% HSFO will need to be priced at parity with LNG and coal which results in a price of approximately $220/mt. Here’s a look at the current market. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. Singapore VLSFO 0.5% Historical Price; Historical Prices Available since Jan, 2020 Oil price information Last update: 2020-12-21 Nr. Physical Bulk and Bunker Marine Fuel Pricing and News for Asia, Europe and the Americas. Accessed December 24, 2020. https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista. On the same day VGO was assessed by the OPIS International Feedstock Report at $7/bbl over WTI for a prompt barge volume of 0.5%S VGO, or $52.28/bbl (further out … Shipowners will therefore move between VLSFO and MGO, depending on their level of comfort or concern about the new fuel quality and relative price levels. Are you interested in testing our corporate solutions? In Asia, prices for 0.5% VLSFO, 380 CST HSFO, and MGO are reported for the key ports of Singapore; Fujairah; Chiba, Japan; Busan, South Korea; Kaohsiung, Taiwan and Zhoushan, China. Ships with scrubbers can continue to burn 3.5% sulfur heavy fuel oil (HFO). We expect that the price difference between MGO and 0.5% compliant VLSFO will initially become smaller as demand for 0.5% fuel oil will be higher since this is the cheapest option. Also featured are exclusive OPIS benchmarked ULSD rack prices for key North American markets, plus ULSD spot prices for Gulf Coast, New York Barge, Los Angeles, and the Pacific Northwest. The two-month freefall in the price of very low-sulfur fuel oil (VLSFO) is accelerating due to the widespread economic impact of the coronavirus disease 2019 (COVID-19), energy experts said this week. New, Everything you need to know about the industry development, Find studies from all around the internet. The market has become distracted from its prior focus on IMO 2020 due to COVID-19 and a crude oil price war. The drop in prices is largely attributed to weak demand as well as the easing of tight barge avail schedules. As a Premium user you get access to background information and details about the release of this statistic. Please authenticate by going to "My account" → "Administration". Number of cars sold in the U.S. 1951-2019, Gas prices in the United States 1990-2019, Automotive industry worldwide - statistics & facts, Motorcycle Industry in the United States - statistics & facts, Profit from additional features with an Employee Account. Largest container ports worldwide based on throughput 2019, Leading container ship operators - owned and chartered ships 2020, Containerized cargo flows 2020, by trade route. Update, Insights into the world's most important technology markets, Advertising & Media Outlook “With the lower cost of sailing, some companies have started to sail around the Cape of Good Hope on the Asia-Europe backhaul … 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. This statistic is not included in your account. It is a relatively low viscosity, low density fuel oil with good ignition properties. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton) [Graph]. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In Europe, you’ll find 0.5% VLSFO, HSFO, and DMA prices out of these essential ports: Rotterdam; Antwerp; Hamburg; Istanbul; Gibraltar and Piraeus. VLSFO was heard in the $565/mtw in Houston and in the low $600s in NOLA. Get the pricing information you need to take quick action. and over 1 Mio. The price for VLSFO at Rotterdam has shown some volatility in recent days and has ended the week some $35 down, at $365 p/mt, which is still by far the cheapest price for this grade among the main supply hubs. Indicative prices for 0.5% VLSFO are based on a formula that relies on price assessments calculated on a full day’s trading. The IMO 2020 rule, effective Jan. 1, requires all ships that do not have exhaust-gas scrubbers to burn either 0.5% sulfur fuel known as very low sulfur fuel oil (VLSFO) or 0.1% sulfur marine gasoil (MGO). Declining fuel … The Global Marine Fuels Report also includes the most up to date daily fixtures of fuel oil, vacuum gasoil, and other marine fuel blending components cargoes. VLSFO 0.5% w/w S (Northwest Europe) The October 2019 price for VLSFO fell to 75.3 USD/bbl from 86.1 USD/bbl in October 2018. New, Figures and insights about the advertising and media world, Industry Outlook 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. The graph shows the price of HSFO and 0.5% low sulphur fuel oil (VLSFO). Easily track marine cargo and bunker fuel prices for Asia, Europe and the Americas with this concise report featuring at-a-glance tables and charts. According to BIMCO, the VLSFO-HSFO spread in Singapore is some $340 per metric tonne (p/mt) – the third highest level since low sulphur fuel became widely available. IMO 2020 emission regulations issued by the International Maritime Organization required vessels to use lower-sulfur bunkering fuel, effective January 1, 2020. BTU Indicator: Plan the most cost-effective fuel purchase by calculating the energy content in the new 0.5% VLSFO compared to your previous bunker fuel. Help is only an email or phone call away. Trust OPIS price assessments because they are based on transactional data that occurs over the course of the entire trading day. Prices of both 3.5% sulphur US Gulf HSFO and 0.5% sulphur VLSFO fell by 65.5% and 59.5%, respectively, from January 29 to March 27, along with the rest of the oil market. 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