By Srinivas Chowdary Sunkara // petrobazaar // 13th March 2020.
BUNKER PRICE INDEX
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded down across the major world ports yesterday. In Singapore, HSFO 380 cSt prices dived $39.20 or 16.88% at $193 while MDO and MGO price indexes showed a downward evolution at $345.25 and $355.25 respectively. Meantime, The world crude oil price indexes slid further after Trump announcement of travel restrictions from Europe to curtail spreading of corona virus and the slump is being compounded by the threat of supply of cheap oil from Saudi.
Europe's leaders appear to be committed to the inclusion of ships from all countries in the EU's emissions trading scheme(ETS).
The Scrubber-fitted bulk carrier Oyster Bay filed a fuel oil non-availability report (FONAR) to its flag state because it was unable to source 0.5% sulfur fuels at wake Island, a remote Pacific Island about 1500 miles east of Guam.
The Russian government approved plans for a new bunkering facility near Murmansk.
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