By Srinivas Chowdary Sunkara // petrobazaar // 28th Oct, 2019.
The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs ascended on late week. Fuel oil futures in Singapore market ticked down marginally above 2% from earlier session. IFO 180 cSt and 380 cSt graded fuel oil prices dropped by $9 to $407.5 and $377.5 respectively while MGO(Gasoil) prices registered gains of $11.5 on Friday. Fuel oil futures logged weekly gains of $11 with 2.94% up during last week. The world crude oil bench mark indices registered a big weekly jump on optimism surrounded across the market.
How will the VLSFO not having a defined range of viscosity influences other factors?
1. The fuel heating temperature with the potential for thermal shocks and leakage around cylinder/piston clearances and lube oil contamination.
2. Bunker does not need to be heated up at higher temperature with low viscosity.
3. Lubricity is reduced with lower sulfur content and will require adding lubricity additives.
4. Ship owners will spend more money to buy more expensive lubricating oil and can potentially incur more frequent oil changes.
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imo news courtesy:ship&bunker