The graph shows the price of HSFO and 0.5% low sulphur fuel oil (VLSFO). It may not just be sediment issues but flash point too," said one shipowner Friday. Crude oil prices & gas price charts. Loading price data... Sign in. And even some near-term bullish fundamentals that would typically provide the impetus for a rally may not do much to stem the slide. Table 1 above clearly shows the VLSFO cluster formulation prices for typical recipes: Cluster1 price is in the range of $550 to 600/MT. Cluster 2 price is in the range of $500 to 540/MT. 1: Rotterdam/Antwerp: $ 300: $ 375 The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. IFO 180---VLSFO 0.5: Subscribe: MGO 0.1/0.5: Date: 430.50 -1.50: 2020-12-15 Consequently, if the price of VLSFO is much higher than that of HFO, a scrubber-equipped ship burning HFO earns a much higher TCE rate for the same spot contract than a non-scrubber ship, due to fuel savings. The repercussions set the stage for high fuel prices. Besides the price advantage, for the shipowner, it is "business as usual" by burning a residual fuel close to today's IFO380 3.5%S, without surprises like thermal shocks or lubricity issues. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. This VLSFO blend is a mixed bag in terms of blend formulation, pricing, compatibility, and impact on ship engine: For cluster 2.1, one can use a blend of 40% LS VAC bottoms and 60% LS FCC Slurry to get a highly aromatic VLSFO with low Sulfur but otherwise being a "residual" fuel with a price significantly lower than cluster 1 but not as cheap as Cluster 3. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. To contact the editor responsible for this story email us at editor@shipandbunker.com. Typically the VLSFO blends use 60 to 80% LS Visbreaker tar cut with about 20-40% FCC Slurry, so it is significantly cheaper than cluster 1. Image Credit: RAI. 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. Cluster 2 price is in the range of $500 to 540/MT. 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. The supplier is about to open an office in Athens in its first international expansion since its formation three years ago. Loading price … Easily get answers to your questions because every report issue includes contact information for our market editors. 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. Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit, Monjasa Swaps Floating Storage, Gives Details of IMO 2020 Impact on WAF Bunker Demand, Trafigura Execs Cited in Petrobras Graft Allegations. Dive deeper with our rich data, rate tables and tools. For cluster 2.2 one can use a blend of 40% LS VAC bottoms and 60% LS VGO to get a highly paraffinic VLSFO with a price significantly lower than cluster 1 but not as cheap as Cluster 3 or Cluster 2.1 (VGO being significantly more expensive than Slurry). The market has become distracted from its prior focus on IMO 2020 due to COVID-19 and a crude oil price war. The answer is no. In conclusion, VLSFO pricing will inevitably be variable across the globe, depending on the blend composition; this is just one more issue to consider in addition to headaches due to commingling and different fuel behavior (heating, lubricity, stability and compatibility). However, as VLSFO prices begin to rise again and demand for cheaper heavy fuel oil (HFO) picks up, Yara Marine Technologies expects to see a greater installation of scrubbers in 2021. Stay on top of the changing U.S. and global markets with our market summary page. Las Palmas VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts. Mr. Barsamian is a member of AIChE, ASTM, and IBIA. Physical Bulk and Bunker Marine Fuel Pricing and News for Asia, Europe and the Americas. In favour of a move into renewables market. Ara Barsamian is the president and CEO of Refinery Automation Institute LLC (RAI), has over 48 years of experience in bunker, gasoline, diesel, and biofuels blending operations and technology. 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. Daniel is a member of AIChE, and will graduate in December 2019 with a BS degree in Chemical Engineering from New Jersey Institute of Technology. Pare down the data you receive to the most important prices and ports needed to monitor the transitioning marine fuel market. The report is published using OPIS’ full-day spot pricing methodology for sound and accurate price data. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. GLOBAL: Euronav ‘hopeful’ stockpiled VLSFO will be at market price before year’s end Details Written by Rhys Berry Published: 05 November 2020 Euronav has announced that, as of 30 September, the volume of very low sulphur fuel oil (VLSFO) onboard the ultra large crude carrier (ULCC) Oceania was approximately 200,000 metric tonnes. Los Angeles VLSFO max 0.5% Price Today USD/MT, Live & Historical Price Charts CRUDE OIL PRICES; BUNKER PRICES; Gas Prices; ENERGY NEWS. Singapore VLSFO max 0.5% Price Today USD/MT, Live & Historical Price Charts. Daniel can be reached at daniel@refautom.com. But the flat-price “one size fits all” VLSFO specification and swap remains elusive. The spread between the physical and front-month paper market, more commonly known as the cash-paper spread, for 0.5%S FOB Rotterdam barges was assessed at $7.25/mt on Dec. 3 after rallying more than $8 in just over a week. When you examine Platts, Argus, OPIS, or other marine bunker price information sources, there is only one price for the column labelled VLSFO. Around 8% of VLSFO samples tested by VPS (Veritas Petroleum Services) at the end of 2019 had sulphur content over 0.50%, but by March-April 2020 that index had fallen to 1.1%. Bunkerspot provides news, in-depth analysis, expert comment and price indications for the global marine fuels industry twitter ... when stored for longer time frames were addressed in an online webinar today hosted by Integr8 Fuels, with Douglas Raitt, Global FOBAS Manager, suggesting that the fuel may not be ‘a formulation to be kept for a period of time’. He was involved in the implementation of a crude blend compatibility predictor calculator, a crude assay blend calculator, and with the research of IMO 2020 bunker availability study update. Cluster 3 price is in the range of $250 to 360/MT. 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. CRUDE OIL PRICES; BUNKER PRICES; Gas Prices; ENERGY NEWS. 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. Among his first experience at Exxon was computerized bunker blending in Aruba. "It's a disaster waiting to happen because the thing is, a lot of this fuel [VLSFO] hasn't been burnt and consumed yet. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Energy news covering oil, petroleum, natural gas and investment advice Crude Oil; Natural Gas; Energy Futures; Maritime; Companies ; Products; Events; Press Release; Promote your business Register Free. Prices of VLSFO bunker fuel delivered-Rotterdam hit a record low of $154/mt on April 28, while the pre-IMO 2020 HSFO price was last below this in April 2016. In the Americas, prices for all the above products plus LT cycle oil and LNG in Houston; New York; New Orleans; Savannah; Los Angeles; Seattle; Panama; Philadelphia; Norfolk; Vancouver, Canada; Manzanillo, Mexico; Veracruz, Mexico and Valparaiso, Mexico. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Table 1: Typical VLSFO Cluster Blend Prices and Characteristics. Still, the impact of recent bunker quality issues remained relatively muted on the price of the fuel due to weak market fundamentals. “And you need individual guidelines for your business. Crude Oil; Natural Gas; Energy Futures; Maritime; Companies ; Products; Events; Press Release; Promote your business Register Free. The transition to a new, 0.5% spec very-low sulfur fuel oil has impacted refiners, ship owners and operators. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. Looking back further, Singapore VLSFO prices had remained relatively steady at around $520-550 pmt between July to November 2019 before a sudden hike from mid-December as … And have released the latest version of their Top 10 Bunker Companies report updated for 2021. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. Oil price charts for Brent Crude, WTI & oil futures. Help is only an email or phone call away. But which VLSFO specs do they cover? $114/mt). Earlier in his career, he was a group head with Exxon Research & Engineering Co., president of 3X Corp., and vice-president of ABB Simcon, all in the area of fuels blending. VGO bunker blends. This collapse in demand led to prices for LSVGO falling to values not seen since January 2002, assessed at $134.75/mt April 27. “Today, the absolute price of everything is lower. As you all know from the "Houston" contamination problem, being "fit for use" without numerical specs is worthless. Budget friendly. 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. Crude Oil; Natural Gas; Energy Futures; Maritime; Companies; Products; Events; Press Release; Promote your business Register Free. Evaluate compliance options, source fuel and make cost-effective operating decisions. Of the total, 17 or 46% were issued for flash point issues -- nine for MGO, five for VLSFO and three for HSFO, he said, adding VLSFOs account for 65% of all fuel samples tested by VPS. ]: Subscribe for a year or order a 1-month trial. Here’s a look at the current market. Start a free 30-day trial and receive a daily file via email at the end of each business day. 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