Singapore Delivered 0.5% Bunker Term Prices Leading-up To IMO 2020

Singapore is the world’s largest bunkering hub, with bunker sales volumes totaling 49.8 million mt in 2018, according to data from the MPA.
Due to China’s own regulation to cap sulfur content in bunker fuel at 0.5% in January, the price of blending stocks to produce 0.5% sulfur bunker fuel jumped at the same time.
Due to surging blending stocks prices, the premium for Marine Fuel 0.5% to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments hit a historical high of $135/mt on...