Bunker Price Index 28-10-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 28th Oct, 2019.

BUNKERING NEWS 

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.

IMO-2020 NEWS

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.

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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