Bunkering News 13-08-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 13th August, 2019.

The World Bunker Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO (Gasoil) in the main world  hubs continued to close insignificant irregular yesterday. Singapore Fuel oil 180 cSt, 380 cSt, MGO and MGOLS futures prices remained unchanged yesterday from its previous session. The global crude benchmark futures index changed marginally yesterday amid prevailed unchanged fundamentals on an expectation that major oil producers could curtail more output to support oil prices. 

IMO-2020 NEWS

India&#39s state run shipping line, Shipping Corporation of India (SCI) which operates a fleet comprising of 63 ships announced that it will choose Low Sulfur Fuel Oil (LSFO) over emissions abatement equipment in order to meet the global 0.5% sulfur cap on bunker fuel as it will not have a pay back period. Earlier, SCI thought of installing scrubbers on their very large crude carriers and suezmaxes. After studying, The company realised that they will not have a pay back period.


Disclaimer: Views and opinions expressed here are personal. This commentary is  for  information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com



Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

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