The premium for Very Low Sulfur Fuel Oil (VLSFO) delivered in Singapore easing in Singapore, reports Ship&Bunker.
VLSFO Margins EasingAccording to Platts reports, the premium for VLSFO delivered in Singapore over local cargo prices has eased so far this month, after the financial troubles affecting oil trader Hin Leong saw the margins jump in April.
The premium at Singapore was at $15.11/mt on Friday, down from a nine-week high of $36.08/mt reached on April 30.
Singapore’s bunker marketPremium to...