Monitor key bunker fuel prices and related global shipping markets
New ship emissions regulations result in costly operational changes for refiners and ship owners and operators. Commonly referred to as IMO 2020, new ship emission regulations issued by the International Maritime Organization require vessels use lower-sulfur bunkering fuel effective January 1, 2020. The new 0.5% very-low sulfur fuel oil (VLSFO) must be created. And because of limited supply and high demand for lower sulfur materials, prices are expected to be much higher than high-sulfur fuel.
You can find a calculated price for this new 0.5% very-low sulfur fuel oil (VLSFO) in the OPIS Global Marine Fuels Report. This report also provides assessed prices of currently used high-sulfur bunkering fuels in the most important ports around the world. Easily track bulk fuel oil and retail bunker fuel prices for Asia, Mideast, Europe and the Americas with this concise report filled with at-a-glance tables and charts.