IMO 2020: High/low sulfur price differential widens

IMO 2020: High/low sulfur price differential widens

Shipping account Moore Stephens regularly tests the water of industry opinion its quarterly surveys.

Its latest asked question around bunker fuel prices related to the coming International Maritime Organisation (IMO) rule change on the composition of bunker fuel.

The answer do nothing to assuage the uncertainty that pervades the market.

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Gunvor predicts wide high/low sulphur price spread post-2020

In the opinion of trading house Gunvor a wide price gap between high sulphur and low sulphur bunker fuel will result from the new regulations for sulphur in 2020. As Torbjorn Tornqvist, oil trader’s CEO, mentioned recently that ship owners would naturally tend to opt for distillate fuel with a consequent fall in aggregate demand for high sulphur fuel oil in 2020.

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2020: Time for Shipping Companies to consider a new Fuel Procurement strategy

Certain shipping companies, especially the larger ones, are better at understanding their exposure, most however just seek the best price of the day. To overcome this shortfall, almost all rely on traders who, through their global networks, provide access to information on pricing, quality and availability. Less than a handful offer strategic insight, quality control and risk management. The unregulated infrastructure of the marine fuels market has made the need for traders essential. Unfortunately, there are too many traders and only a few deliver true value in what is an ongoing stagnant market where sustained low prices have kept marginal traders in the mix.

 

https://shipandbunker.com/news/world/142751-2020-time-for-shipping-companies-to-consider-a-new-fuel-procurement-strategy