IMO Compliant Fuel

Highest Volume of Bunker Sales in World’s Largest Bunkering Spot

  • IMO-compliant fuel sales account for two-thirds of total.
  • High sulfur bunker sales surge to highest since IMO-2020 mandate came into effect.
  • High sulfur bunker sales now account for 25% of total sales.

A recent news article written by Rajesh Nair as published in the Platts reveals that January bunker sales is steady on year, up 5% from December.

Singapore total bunker fuel sales

Total sales of bunker fuel in Singapore for January held more or less steady year on year at 45.03 million mt as...

https://mfame.guru/highest-volume-of-bunker-sales-in-worlds-largest-bunkering-spot/

Euronav Set To Slash IMO Compliant Fuel Value !

  • Belgian shipowner Euronav will write down the value of the IMO-compliant 0.5pc sulphur fuel oil it bought last year after the price collapsed.
  • The fuel storage shielded Euronav’s fleet from the price volatility and high low-sulphur fuel premiums around the implementation of the sulphur cap.
  • Euronav did not say how much its 0.5pc fuel oil stocks would be written down, but that it would be “significantly below the acquisition cost.”

Erik Hoffmann and Enes Tunagur of global energy and commodity...

http://mfame.guru/euronav-set-to-slash-imo-compliant-fuel-value/

Chembulk and ARC Brace Up for IMO2020

Shipowners Chembulk Tankers and American Roll-On Roll-Off Carrier (ARC) say they are prepared for bunkering 0.5pc sulphur fuel oil, reports Argus Media.

Argus Fuel Oil Summit

The two shipping companies outlined different approaches when procuring 0.5pc sulphur bunkers in talks at the Argus Fuel Oil Summit in Miami, Florida.

American Roll-On Roll-Off has a term contract in Antwerp, its primary fueling port, for the purchase of 0.5pc fuel oil through the first half of 2020 at about $70-$80/t...

http://mfame.guru/chembulk-and-arc-brace-up-for-imo2020/

IMO 2020: Market Witness Transition To Compliant Fuels

The International Bunker Industry Association (IBIA) said that the market transition to low-sulphur bunker fuels is under way with an increasing number of ports offering new low-sulphur grades following a recent uptick in demand, reports Argus Media.

Demand for IMO-compliant grades

Speaking at the International Maritime Organisation (IMO) sulphur cap symposium on 17th October, the IBIA’s Unni Einemo said shipowner demand for IMO-compliant grades with less than 0.5pc sulphur has been limited to...

http://mfame.guru/imo-2020-market-witness-transition-to-compliant-fuels/

2020 Compliant Fuel Storage in Singapore at 2.9 Mn t

Inventories of IMO-compliant fuel oil and blending products reached 2.9mn t in Singapore on floating storage vessels at the end of August, according to estimates by oil analytics firm Vortexa, reports Argus Media.

Floating oil storage capacity rise in Singapore

According to Vortexa estimates:

  • Total offshore floating oil storage capacity in Singapore rose to 6.9mn t in the past 12 months, up by 2.6mn t. 
  • High-sulphur fuel oil (HSFO) stocks were 300,000t lower over the past month, while low-sulphur...

http://mfame.guru/2020-compliant-fuel-storage-in-singapore-at-2-9-mn-t/

Doubts Persist Despite More IMO Compliant Fuel Availability

According to a Reuters’ report, shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulfur emissions from ships, but some say the way forward is far from clear.

The Backdrop of this

The United Nations shipping agency the International Maritime Organization (IMO) will from January 2020 limit the sulfur content in fuel ships use to 0.5%.

With the exception of some zones around northwest Europe and North...

http://mfame.guru/doubts-persist-despite-more-imo-compliant-fuel-availability/