Narrow HFO/VLSFO spread stalls scrubber installations

Global fuel demand is showing some signs of improving although the market outlook is still quite bearish as a result of the coronavirus outbreak.

The MABUX World Bunker Index showed a slight upward evolution over the last seven days for all major types of bunker fuel. The 380 HSFO index was steady at US$301 – 302/mt, VLSFO was up US$11 to US$367/mt and MGO increased from US$435 to US$446/mt.

The price difference between 380 HSFOs and VLSFOs (the so-called Scrubber Spread (SS)) averaged US$57.06,...

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