Bunker buyers should not worry as much about VLSFO avails in Singapore, or other major ports, says NSI’s Paul Hardy.
With ongoing chatter about the potential for tight supply of IMO2020 grade fuel, Hardy says the supply risk will not be a factor in the minor ports while the real risks in Singapore is logistics and specifications.
”The other key risk is that of pricing which can be managed by contracting against a liquid and tradeable index. Otherwise, sit tight and wait until the 0.50% indexes become tradeable. Don’t pay a large premium basis there may not be any avails later on,” he writes in NSI’s latest 2020 Planning newsletter.
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