Bunkering News23-5-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 23rd May, 2019.

Fuel Oil (F.O) prices continued to fall during the yesterday&#39s session. Both the 180 cSt and 380 cSt fuel oil (F.O) prices closed $6 down at $451.5 and 419.5 respectively. MGO futures lost $5.5. The global crude markets are trading down on bearish news across the market. The product of increased scale and use of modern vessels in container shipping pushed the bunker volumes down in Feb as per reports. 

Turning to IMO-2020 news, The Union of Greek Shipowners has largely welcomed IMO&#39s progress at MEPC74 with respect to the upcoming global 0.5% sulfur cap, but says shipowners and operators are still carrying an unfair share of the IMO2020 burden.


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

IMO news courtesy:ship&bunker

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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