IMO 2020 emission regulations issued by the International Maritime Organization require vessels to use lower-sulfur bunkering fuel effective January 1, 2020. IMO 2020 impacts refiners, ship owners and operators. A new, 0.5% spec very-low sulfur fuel oil must be created, plus prices for ultra low sulfur diesel (ULSD) are expected to be much higher than high-sulfur fuel because of limited supply and high demand.
With too little time to build the number of process units needed to convert high-sulfur fuel oil to the new 0.5% spec, fuel must be blended with existing lower sulfur material to create the IMO 2020-compliant 0.5% very-low sulfur fuel oil (VLSFO).
The Global Marine Fuels Report includes a calculated price for VLSFO as well as assessed prices of currently used high-sulfur bunkering fuels in the most important ports around the world. And, 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.
Easily track cargo and bulk fuel prices for Asia, Mideast, Europe and the Americas with this concise report featuring with at-a-glance tables and charts. Download a sample report and see for yourself.
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IMO 2020 is here. Ship owners, refiners, suppliers and fuel managers need reliable price transparency found in the OPIS Global Marine Fuels Report to make cost-effective decisions regarding their fuel slate and the possible outcome of changes they need to make.
The report is published using OPIS’ full-day spot pricing methodology for sound and accurate price data.