By Srinivas Chowdary Sunkara // petrobazaar // 29th Oct 2019.
Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs moved up across the major world ports. Fuel oil futures in Singapore market remained unchanged yesterday. IFO 180 cSt and 380 cSt graded fuel oil prices remained at $407.5 and $377.5 while MGO(Gasoil) futures were priced at $606.5. The world crude benchmark prices descended yesterday after four sessions of gains on weak Chinese industrial data and a forecast report of another build in U.S crude stocks.
ship&bunker reported that Russia to delay full implementation of the IMO2020 rule until 2024 as per the country's energy minister. Mr.Novak said that it was looking to delay enforcement of the new sulfur rule for vessels operating within its domestic waters to prevent a higher financial pressure on the nation's shipowners. Russian flagged vessels plying international waters would be expected to comply with IMO2020 from Jan 1 2020 regardless as per the minister. India and Indonesia this year have also suggested they would delay implementing IMO2020 domestically, but both have since appeared to back track on the plans.
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IMO NEWS COURTESY:SHIP&BUNKER