vlsfo fuel prices

Please create an employee account to be able to mark statistics as favorites. It is a relatively low viscosity, low density fuel oil with good ignition properties. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). “With the lower cost of sailing, some companies have started to sail around the Cape of Good Hope on the Asia-Europe backhaul … In, Statista. We expect that the price difference between MGO and 0.5% compliant VLSFO will initially become smaller as demand for 0.5% fuel oil will be higher since this is the cheapest option. IMO 2020 emission regulations issued by the International Maritime Organization required vessels to use lower-sulfur bunkering fuel, effective January 1, 2020. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? And when the new fuel spec starts trading, OPIS will report on its true market value as we do with all other fuel prices we report. Date Price $/mt Change High Low Spread; M Dec 21: 375.50-12.50: 378.00: 373.00: 5.00: F Dec 18: 388.00 +0.50 Please authenticate by going to "My account" → "Administration". Prices were averaged across the 20 leading bunkering ports worldwide. Download a sample report and see for yourself. Budget friendly. New, Everything you need to know about the industry development, Find studies from all around the internet. Corporate solution including all features. facts. In Europe, you’ll find 0.5% VLSFO, HSFO, and DMA prices out of these essential ports: Rotterdam; Antwerp; Hamburg; Istanbul; Gibraltar and Piraeus. The report is published using OPIS’ full-day spot pricing methodology for sound and accurate price data. Prompted by a price surge of very-low sulphur fuel oil (VLSFO) since the implementation start of the sulphur cap 2020, Danish shipping major Maersk has decided to increase its bunker surcharge. And even some near-term bullish fundamentals that would typically provide the impetus for a rally may not do much to stem the slide. Easily track marine cargo and bunker fuel prices for Asia, Europe and the Americas with this concise report featuring at-a-glance tables and charts. Learn more about how Statista can support your business. According to S&P Global: The VLSFO-HSFO spread in Singapore is some $340 per metric tonne (p/mt) – the third highest level since low sulphur fuel became widely available. VLSFO is the new standard for ships. As soon as this statistic is updated, you will immediately be notified via e-mail. Ships with scrubbers can continue to burn 3.5% sulfur heavy fuel oil (HFO). Shipowners will therefore move between VLSFO and MGO, depending on their level of comfort or concern about the new fuel quality and relative price levels. The future cost of 3.5% HSFO could go as low as $220/mt. The US Gulf VLSFO-HSFO March 2-27 premium averaged $15 per barrel, narrowing from a $39 per barrel average in December. Register in seconds and access exclusive features. Physical Bulk and Bunker Marine Fuel Pricing and News for Asia, Europe and the Americas. BTU Indicator: Plan the most cost-effective fuel purchase by calculating the energy content in the new 0.5% VLSFO compared to your previous bunker fuel. You only have access to basic statistics. From January 1, 2020, the former can only be used by a vessel that has an exhaust gas … The Global Marine Fuels Report also includes the most up to date daily fixtures of fuel oil, vacuum gasoil, and other marine fuel blending components cargoes. The OPIS BTU Indicator helps buyers plan cost-effective fuel purchases by calculating the energy content in the new 0.5% VLSFO compared with legacy high-sulfur marine fuels. Statista. Rigby’s solution to IMO 2020 is rooted in traditional refining hydrotreating processes. Pare down the data you receive to the most important prices and ports needed to monitor the transitioning marine fuel market. VLSFO was assessed Wednesday at $45.20/bbl by the OPIS Global Marine Fuels report at $54.20/bbl for Houston. As a consequence of the oil price drop sparked by … The market has become distracted from its prior focus on IMO 2020 due to COVID-19 and a crude oil price war. VLSFO … Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. Then you will be able to mark statistics as favourites and use personal statistics alerts. In and of itself, when the absolute price gets lower, the fuel spreads will narrow,” said Joswick. VLSFO 0.5% w/w S (Northwest Europe) The October 2019 price for VLSFO fell to 75.3 USD/bbl from 86.1 USD/bbl in October 2018. Please do not hesitate to contact me. But have bunker fuels been forgotten? The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. Indicative prices for 0.5% VLSFO are based on a formula that relies on price assessments calculated on a full day’s trading. The transition to a new, 0.5% spec very-low sulfur fuel oil has impacted refiners, ship owners and operators. World 3 [? You can only download this statistic as a Premium user. The move could grant … Platts data shows the average drop in VLSFO prices of $325/mt between January and April means that shipowners were set to save $16,266 a day during April, assuming a vessel consumes 50 mt/day of fuel. Singapore VLSFO 0.5% Historical Price; Historical Prices Available since Jan, 2020 Dollars per Metric Ton). "Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton)." In this post, part two of our five-part series on IMO 2020 , we take a look at what VLSFO blends may look like next year, what the main components will be, where they will be produced and what compatibility issues may arise. Ship owners, refiners, suppliers and fuel managers need the reliable price transparency found in the OPIS Global Marine Fuels Report to make cost-effective decisions regarding their fuel slate in light of IMO 2020 regulations. As January 1, 2020 approaches, demand is likely to grow as VLSFO will be the cheapest compliant fuel for ships without an exhaust gas scrubber. Number of cars sold in the U.S. 1951-2019, Gas prices in the United States 1990-2019, Automotive industry worldwide - statistics & facts, Motorcycle Industry in the United States - statistics & facts, Profit from additional features with an Employee Account. The drop in prices is largely attributed to weak demand as well as the easing of tight barge avail schedules. The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. The global shipping world in 2020 will see a challenge no other petroleum-dependent industry has witnessed to date. ]: Subscribe for a year or order a 1-month trial. After the latest technical update on VLSFO HSFO price differential, Viswa Lab has been in the fore front of handling VLSFO fuel quality and its related problems. More locations are added every day, as suppliers world wide gear up […] Largest container ports worldwide based on throughput 2019, Leading container ship operators - owned and chartered ships 2020, Containerized cargo flows 2020, by trade route. Declining fuel … (April 20, 2020). Oil price information Last update: 2020-12-21 Nr. ]: Subscribe for a year or order a 1-month trial. Directly accessible data for 170 industries from 50 countries Very low-sulfur fuel oil (bunker with 0.5% sulfur) has increased in price and is now on par with gasoil (MGO 0.1% sulfur). The answer is no. Ultra low sulphur fuel oil (ULSFO), max 0.10% S Very low sulphur fuel oil (VLSFO), max 0.50% S Low sulphur fuel oil (LSFO), max 1.00% S Close cooperation with ISO 8217 Assist ISO 8217 taking on some of the investigative work Prepare guidelines related to 2020 fuels. Help is only an email or phone call away. "Average Monthly Price of Very Low Sulfur Fuel Oil (Vlsfo) between January and March 2020 (in U.S. Chart. This feature is limited to our corporate solutions. The repercussions set the stage for high fuel prices. There had been bunker fuel alerts raising these risks in Singapore, and the Netherlands (in May 2020), which found VLSFO breaking Safety at Sea (SOLAS) laws, making the fuel more flammable. Meanwhile, Singapore delivered marine fuel 0.5%S premium fell 52.5% from a record high of $93.45/mt on January 10 to $44.38/mt January 31. ", Statista, Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/ (last visited December 24, 2020), Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020, Capacity of container ships in seaborne trade 1980-2020, Major marine terminal operators worldwide based on throughput 2018, Number of orderbook ships of the leading container ship operators 2020, Leading container ship alliances based on number of active ships 2018, Leading container ship operators - share of world liner fleet 2020, Leading container ship operators based on total TEUs 2020, Leading container ship operators - owned and chartered TEUs 2020, Container ship operators based on TEU capacity of ships in order book 2020, AP Møller - Mærsk's revenue A/S 2006-2019, COSCO SHIPPING Lines' fuel oil consumption 2017-2019, CMA CGM Group's fuel consumption 2017-2019, Heavy oil transport volume of cargo ships in Japan in FY 2010-2017, Heavy oil transportation distance of cargo ships in Japan in FY 2010-2017, COSCO SHIPPING Lines' SOx emissions 2017-2019, Moeller-Maersk's energy consumption by source 2017-2019, Number of vessels fitted with scrubbing systems worldwide 2014-2021, Vessels fitted with scrubbing systems worldwide by type 2019, Limits on fuel sulfur content for the shipping industry by area 2020, Forecasted number of vessels fitted with scrubbers worldwide 2020-2024, Alternative fuel ships in operation worldwide by vessel and fuel type 2019, Forecasted energy mix of the global maritime shipping industry by fuel 2030-2050, COSCO SHIPPING Lines' NOx emissions 2017-2019, Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. “Today, the absolute price of everything is lower. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. As a Premium user you get access to the detailed source references and background information about this statistic. New, Figures and insights about the advertising and media world, Industry Outlook Click here. Start a free 30-day trial and receive a daily file via email at the end of each business day. Leading oil market pricing agency S&P Global Platts assessed the delivered bunker price for marine fuel oil with 0.5% sulphur — or very low sulphur fuel oil — at $700 per tonne as of yesterday in Singapore, the highest ever seen for trades done at the world’s top bunker hub by marine fuel sales. PBT adds VLSFO prices to indications list 14 October 2019. Instead of $75-per-barrel crude, we’re at $40 and that brings down the price of all bunker [marine fuels]. The VLSFO/MGO price differential has widened slightly at Rotterdam this week, increasing from $51 on 27 February to $57 on 6 March. IMO 2020 emission regulations issued by the International Maritime Organization required vessels to use lower-sulfur bunkering fuel, effective January 1, 2020. The IMO 2020 rule, effective Jan. 1, requires all ships that do not have exhaust-gas scrubbers to burn either 0.5% sulfur fuel known as very low sulfur fuel oil (VLSFO) or 0.1% sulfur marine gasoil (MGO). Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton) [Graph]. In order to compete, 3.5% HSFO will need to be priced at parity with LNG and coal which results in a price of approximately $220/mt. The ideal entry-level account for individual users. This report is a “one-stop shop” for key marine fuel prices in the most important regions, presented with handy tables, charts and graphs for at-a-glance reading. Please contact us to get started with full access to dossiers, forecasts, studies and international data. VLSFO was heard in the $565/mtw in Houston and in the low $600s in NOLA. Statista. The trials included numerous switchovers between ULSFO and higher sulphur fuels (LSFO 1%S, HSFO 3.5%S) and involved several engine types and tank/piping systems. According to BIMCO, the VLSFO-HSFO spread in Singapore is some $340 per metric tonne (p/mt) – the third highest level since low sulphur fuel became widely available. As a Premium user you get access to background information and details about the release of this statistic. Jet fuel prices in Singapore plunged from above $70 a barrel in January to close to $20 in early May before recovering to trade around $41, according to … Reports on VLSFO usage. The Global Marine Fuels Report includes price assessments for 0.5% VLSFO and high-sulfur bulk and bunkering fuels in the most important ports around the world. Prices of both 3.5% sulphur US Gulf HSFO and 0.5% sulphur VLSFO fell by 65.5% and 59.5%, respectively, from January 29 to March 27, along with the rest of the oil market. Trust OPIS price assessments because they are based on transactional data that occurs over the course of the entire trading day. You need a Single Account for unlimited access. Then you can access your favorite statistics via the star in the header. $114/mt). Read our collection of the latest bunker fuel market news and insight on IMO 2020 impact on diesel prices and distillate blends, VLSFO, bunker fuel prices and more. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. Get the pricing information you need to take quick action. Low bunker prices have also altered some shipping routes, Sand said. Profit from additional features by authenticating your Admin account. The price for VLSFO at Rotterdam has shown some volatility in recent days and has ended the week some $35 down, at $365 p/mt, which is still by far the cheapest price for this grade among the main supply hubs. Easily get answers to your questions because every report issue includes contact information for our market editors. “In recent months, we have seen VLSFO prices increase substantially and more so … Evaluate compliance options, source fuel and make cost-effective operating decisions. In Asia, prices for 0.5% VLSFO, 380 CST HSFO, and MGO are reported for the key ports of Singapore; Fujairah; Chiba, Japan; Busan, South Korea; Kaohsiung, Taiwan and Zhoushan, China. and over 1 Mio. The graph shows the price of HSFO and 0.5% low sulphur fuel oil (VLSFO). 1: Rotterdam/Antwerp: $ 300: $ 375 Very low sulphur fuel oil (VLSFO) prices at the world’s largest bunkering hub rose 30% between 2 December and 2 January, the shipping organisation highlights. April 20, 2020. Yearly, 2019 prices are 70.8 USD/bbl, … Accessed December 24, 2020. https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista. Singapore May be Delivery Point for China VLSFO Futures Contract. Oil Price Information Service (OPIS) © 2020 All rights reserved, Watch now to discover the benefits of the Global Marine Fuels Report, International Feedstocks Intelligence Report, Retail Year in Review and Profit Outlook Report, Customized Retail Fuel Prices and Margins, OPIS/STALSBY Petroleum Terminal Encyclopedia, View the Global Marine Fuels Report product fact sheet, California Do Not Sell My Personal Information. We want to bring to your attention some of the problem cases that have been reported after VLSFO usage. A paid subscription is required for full access. The two-month freefall in the price of very low-sulfur fuel oil (VLSFO) is accelerating due to the widespread economic impact of the coronavirus disease 2019 (COVID-19), energy experts said this week. With the global 0.5% sulphur cap as per January 1st 2020 approaching rapidly, PBT has added indications for VLSFO (Very Low Sulphur Fuel Oil) to its indications list. The reason the HFO-VLSFO spread is so slim is that the VLSFO price has fallen as well. Update, Insights into the world's most important technology markets, Advertising & Media Outlook You need at least a Single Account to use this feature. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts This statistic is not included in your account. Currently two on the agenda: Also featured are exclusive OPIS benchmarked ULSD rack prices for key North American markets, plus ULSD spot prices for Gulf Coast, New York Barge, Los Angeles, and the Pacific Northwest. 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