vlsfo price per ton

The VLCC sector accounts for the majority of this demand at 65% of the total demand for dirty tanker tonnage using 2019 year-to-date data. Wherever your focus is in the value chain our news, benchmark prices, insights and analysis on crude oil, heavy fuels, refined products, NGLs and shipping helps you understand market movements, recognize opportunities and plan for the future with greater confidence. Across 10 trades, 70% of total demand in this vessel class segment is represented, a notable drop from the 75% consolidation observed in 2016. New, Figures and insights about the advertising and media world, Industry Outlook 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. You can only download this statistic as a Premium user. The increase in scrubber-equipped ships, which are projected to number near 5,000 by the end of 1H 2020, will deflect demand back to HSFO. Subscribe for a year or order a 1-month trial. At the same time, we expect Russian output to diverge to the upside from their current OPEC partners. The USG/UKC Aframax trade exhibits a slightly weaker earnings profile on a round-trip basis at US $9,400/day due to the pricing of potential back-haul voyages. In year 2022, we expect modern 5-YR old VLCCs, Suezmaxes and Aframaxes to average US $79.3, US $54.8 and US $42.1 million, significant price increases from current levels. Prices are in US$ per … A relative outperformance for the LR1 tanker is projected, similar to 2019 actual levels with TCEs on the TC5 + Korea/Spore triangulation voyage estimated at US $15,100/day in 2020 (non-ECO). Refining capacity additions are projected to be concentrated in East of Suez markets between 2019-2021. These reached over $350 per metric ton for both fuels on January 6, but the VLSFO price premium has The 37% of total product carrier demand that is served by the LR2 trading fleet is relatively consolidated. Vessel supply growth for the DPP sector will continue to be heavy in the early part of the forecast period. Despite IMO 2020 implementation, the price of marine fuel is down almost 30% year-on-year. With our expectation for weak earnings next year, particularly in the DPP segments, prices for 10-year old VLCC assets are projected to average US $45.5 million, approximately US $20.0 million below the price of a 5-YR old VLCC asset during the same period. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Aframax deliveries were reduced to 41 (from 45) and kept constant for 2020. $20.00 Basrah. By 2022, we anticipate the price of the 5-YR old asset will reach US $34.0 million, or US $10.9 million more than the 10-YR old MR2 during this period. Soda Ash decreased 166.67 Yuan/MT or 10.64% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Middle East and Africa Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. 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. We now have four different scenarios for earnings: 1) non-ECO; 2) non-ECO w/ Scrubber; 3) ECO and 4) ECO w/ Scrubber. Barrels per Day. The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. On this date, 380 CST HSFO was assessed by Platts at $222.14—a premium of just $70.71/t, which is well down on … 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. Accessed December 23, 2020. https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista. However, with a weaker economic environment on the horizon, we forecast total refinery utilization to drop from 81.4% in 2018 to 79.7% by 2021. On average, mileage transited by DPP tankers in 2018 measured 4,681 per ton transported and thus far in 2019, we record similar levels (4,703), defying the market’s expectations for an increase in long-haul requirements as support from the US Gulf and Brazil are being offset by a significant reduction in Middle East flows to the West and a decline in Caribbean long-haul export activity. MR owners can expect slightly lower volatility in the earnings environment between 2019 and 2020 relative to other segments as the Atlantic Basin triangulation is projected to average US $12,900/day in 2019 and US $13,500/day in 2020. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The McQuilling Services rate forecast is based on the evaluation of historical and projected tonnage supply and demand fundamentals in the tanker market within the current and projected global economic environment, including oil supply and demand expectations. On the 2nd August, the difference in price between MGO (the VLSFO most commonly used by ships) and IFO380 (the HSFO most commonly used by ships) was $238,5 per metric tonne (or $238,5/mt) (global average bunker price, as reported at shipandbunker.com). Lin, added that gasoline and fuel oil margins aren't far apart, keeping in mind that still the price of gasoline is more than $600 a ton in comparison to VLSFO at $500-$520 per ton against the cost of With 22 years of tanker rate forecasting expertise, McQuilling Services is a leader in the industry and continues to support a variety of stakeholders in the energy, maritime and financial services industries with its annual Tanker Market Outlook. Secondhand asset prices are expected to exhibit volatility over the next few years. Long-term contracts (more than 3 months validity) BAF = VLSFO 0.50% PRICE PER TON x TRADE COEFFICIENT Sept 19 Oct 19 Nov 19 Dec 1 st, 2019 Publication BAF = $$ average VLSFO price Feb 20 Mar 20 Application BAF = $$ Jan 1 , 2020 9 A year prior, the price of HFO was $427.50. Click here. Copper, chemical symbol Cu, is a shiny, red-orange metal that has a wide range of applications. Subscribe for a year or order a 1-month trial. One year prior, the price of HFO was $462 per ton. $20.00 Umm Qasr. Despite the volatility in earnings next year, we project the price of a 5-YR old LR1 will average US $33.0 million in 2020, US $5.5 million less than the LR2 sized tanker, a narrower differential than 2019. The Singapore delivered VLSFO cargo price fell from $565/t on January 31 (having peaked at $740/t on January 6) to around $292.85/t on June 16. Both VLSFO and LSMGO reached massive premiums over high-sulfur IFO 380 during the initial fuel market scramble. Profit from additional features by authenticating your Admin account. Please authenticate by going to "My account" → "Administration". On Jan. 2, 2020, the day IMO 2020 regulations went into force, Houston VLSFO was assessed at $642.50/mtw. Notes: Values shown for the current month are preliminary. Directly accessible data for 170 industries from 50 countries From a deletions perspective, we forecast 17 exits from demolition or conversion sales in 2019 as owners temper exit decisions with optimistic expectations for 2020. On Feb. 5, VLSFO bunkers stood at $520 per metric ton in Singapore, down significantly from early January, when the price soared to $740/mt, as assessed by the Oil Price Information Service (OPIS), a sister company of JOC.com within IHS Markit. Please do not hesitate to contact me. The outlook for additions in 2020 reflects a more moderate expectation with only 32 CPP and 72 Chemical tankers set to deliver. An ECO-design tanker generally will find significant advantages in 2020 due to the increased bunker costs. VLSFO prices … Metric Tons. Rising Regional averages - Click for full details. $20.00 Lanshan. From an all-time high of $343 per ton in the first week of the year, the Hi5 has sat stubbornly in the $50 to $65 range for most of 2020. A year prior, the price of HFO was $427.50. in International Shipping News (April 20, 2020). Calculate $/Barrel $/mmBtu. An increase in West to East flows is projected, although higher concentration of Middle East exports in the Asian markets is likely with reduced flows to the West amid rising Atlantic Basin crude oil supply. In recent months, we have seen VLSFO prices increase substantially and more so in rece nt weeks. As a Premium user you get access to the detailed source references and background information about this statistic. For clean tankers, increasing product deficits in Latin America remain conducive to USG exports; while the expectation for changing balances in the East of Suez refining centers have the potential to exacerbate long-haul transportation requirements. Calculate. A paid subscription is required for full access. Nevertheless, this tanker class is projected to exhibit only 0.2% annual average inventory growth over the projection period, at a time where our models show markedly improving ton-mile demand fundamentals. Historically, Soda Ash reached an all time VLSFO for sale in October in Singapore, the world's biggest ship fuelling port, is currently indicated at $465.25 a ton, according to data from brokers Starfuels. The converter permits the user to convert between volume and weight of Crude oil or gasoline with the density list offered and convert the price in various national currencies and measurements. Please contact us to get started with full access to dossiers, forecasts, studies and international data. You need at least a Single Account to use this feature. We anticipate total US production to average 13.26 million b/d in 2020, an even 1.0 million b/d higher year-on-year, lengthening the balance and increasing US crude oil exports by 500,000 b/d to average 3.4 million b/d next year. BAF: Average bunker price from 26 AUG’19 to 25 NOV’19 (537,99 USD/TON) EFF: Average bunker price from 26 SEP’19 to 25 OCT’19 (547,37 USD/TON) The tariff increases will be seen across all trades with an increase range between 50 to 200 USD per FFE, reflecting the increased fuel costs associated seen during recent weeks. Demand for crude tankers in the present environment is being and will be influenced by a collection of factors including a shift in the OPEC/non-OPEC compliance accord, IMO 2020 regulations, decelerating economic activity, Iranian sanctions, higher North American output and exports, supply disruptions in Venezuela, expanding demand from Asian refiners in the context of volatile crude pricing differentials and a stable European crude demand environment. Description: The BIX World 3 VLSFO 0.5 is the calculated daily average for VLSFO 0.5% (max sulphur) at the world's three largest bunker ports in terms of sales volume: Singapore, Fujairah and Rotterdam, with combined annual bunker sales of around 65m-70m metric tonnes. Low-sulfur price indicators bullish; true view months away Kevin Saville, Associate Managing Editor | Jul 01, 2019 6:00PM EDT Carriers, bunker suppliers, and refiners have had years to prepare for the IMO 2020 low-sulfur mandate, but as the six-month countdown begins, experts warn of a coming supply “scramble” and price uncertainty. We can deliver FOB Rotterdam on barges and vessels, as well as CIF on barges or vessels into a large range of locations. April 20, 2020. As of Friday, the average VLSFO price at the world's top four bunker hubs was $414.50 per ton, according to data from Ship & Bunker. The continued supply-side cuts from OPEC along with a projected 1.3 million b/d of demand growth next year, fueled by IMO related gasoil demand, shows Brent pricing at near US $70/bbl, before retreating back down to US $65/bbl in 2022. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023. Global oil demand is expected to grow 0.9% in 2019 to over 99.87 million b/d with gains projected in the middle-light end of the barrel. 1: Rotterdam/Antwerp: $ 305: $ 385 Suezmax net fleet growth of 17 in 2019, will decelerate to 7 in 2020, before turning negative in 2021 as an average of 23 deletions per year are expected in 2020/21, offsetting the 31 deliveries projected for 2020 and only 18 for 2021. Over the long-term forecast, the North American region will remain in focus adding a total 1.6 million b/d through 2023. 3-Day Price Trend Falling . By continuing to use this site, you agree to our use of cookies. Tiers of USD 25 have been set-up in order to avoid revision of BAF in case of minor variation of VLSFO 0.50% price. We find it extremely unlikely that core OPEC producers, including Saudi Arabia, Kuwait and the UAE to fully remove production cuts due to the expected weakness in global oil demand in 2020 and their objective to stabilize prices, which may otherwise come under significant pressure should they abandon production quotas. Calculate. Are you interested in testing our corporate solutions? This statistic is not included in your account. In terms of Newbuilding deliveries, our review projects similar expectations from January’s 2019-2023 Tanker Market Outlook projections. Values shown for the previous month may be revised to account for late submissions and corrections and are … The recent decline in oil rig counts should be noted as a potential harbinger to the production forecast. The pace of deletions is projected to stay firm in 2021 and 2022 with 34 and 35, respectively, decreasing net fleet growth down from 3.8% next year to just 1.0% in 2021 (average inventory basis). 2019 Mid-Year Tanker Market Outlook Update Key findings. MR2 newbuilding contracts (IMO II/III) are expected to average US $38.6 million in 2020, about US $8.0 million more than our call for a 5-YR old MR2 tankers. This spread then increased to more than $200 per ton in August, since recent price declines for ‘standard bunker’ were not immediately mirrored by falling VLSFO prices. MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) changed irregular on Dec.14: 380 HSFO - USD/MT - 335.19 (+0.04) VLSFO - USD/MT – 414.00 (+1.00) MGO In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. "Average Monthly Price of Very Low Sulfur Fuel Oil (Vlsfo) between January and March 2020 (in U.S. World 3 [?] Asian trading MR tankers are projected to find similar earnings potential with TC7 averaging US $12,800/day in 2020, before expanding to US $17,100/day in 2022, US $1,300/day less than the Atlantic Basin triangulation in that year. Distillate (Heating Oil and Diesel) - 5.825 million Btus per barrel. Learn more about how Statista can support your business. The average price of VLSFO at the top 20 ports on Thursday was $329.50 per ton, according to Ship & Bunker. Barrels. The ideal entry-level account for individual users. Statista. VLSFO was heard in the $565/mtw in Houston and in the low $600s in NOLA. Currently, 0.5% compliant VLSFO is trading US$90 per ton cheaper than 0.1% compliant MGO. Will scrubber upside take longer to play out than expected? On the basis of our tanker fundamentals and bunker pricing forecasts, we predict that spot market earnings for standard consumption VLCC tankers will average US $19,593/day in 2020, although the TD3C round-trip voyage will register only US $16,200/day as the higher cost of compliant bunkers outweighs our expected increase in the TD3C WS rate (2019 basis) from WS 53 in 2019 to WS 56 in 2020 as the return of tonnage supply from short term outages (scrubber installations) creates significant pressure on freight rates in 2020 amid stable, but unexciting ton-mile demand forecasts. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts VLCC time charter rates (and spot market earnings) will be quite different depending on the profile of the ship, and this will be true for all tanker segments. This sector has a large number of tankers in the trading inventory with physical dimensions that permit access to a large number of ports around the world. Chart. “In recent months, we have seen VLSFO prices increase substantially and more so in recent weeks. Aframax net fleet growth is projected to decline by 0.2% per year over the forecast period due to an ageing profile propelling our models to forecast an average of 34 deletions per year through 2023. For 2019, we project total tanker demand will increase 1.1%, down from 1.6% growth observed last year. Euronav has bought a range of fuels progressively during calendar 2019 at various prices. The bulk of these orders have stemmed from the VLCC and MR2 classes as 28 and 56 firm orders have been placed, respectively. Following 1.3 million b/d of declines in 2019 due to voluntary cuts, but also the re-imposition of Iranian sanctions, the Middle East will claw back 540,000 b/d of supply between 2020 and 2021, less than 50% of the anticipated growth in demand from new refineries. Latest World bunker prices, analysis, trends, and history. $15.00 Coronel. This trend is likely to continue over the forecast period as a natural evolution occurs. Crude and residuals transport is -expected to total just under 10.8 trillion ton-miles in 2019, the highest recorded ton-mile demand. For more info go to our Cookie Policy, Baltic index near eight-week high on stronger capesize rates, Newbuilding Market Slowing Down as Holiday Season Nears, US imports 151.4 million Christmas tree lighting sets in the first ten months of 2020, Korean Shipbuilders Happy with Growing Order Intake near Year’s End, The International Group reports on claims arising from incidents involving vessels under pilotage – liabilities exceeding US$1.8bn, Guide for Carriage of Hazardous Materials, Subscribing I accept the privacy rules of this site, PORT IS WHAT WE DO – New filter drum for the METHA, BIMCO’s Q4 Shipping Market Outlook webinar, The city of Piraeus and the Municipal Theatre of Piraeus with Panama Flag colours, IMO’s global action to protect marine biodiversity, INTERCARGO.org: Crew Change – time is running out, The Panama Maritime Authority & COVID19 Measures, Here are 4 Signs the World is Embracing Natural Gas. “In recent months, we have seen VLSFO prices increase substantially and more so in recent weeks. You need a Single Account for unlimited access. Barrels. BAF = 0.5% FUEL PRICE PER TON X TRADE COEFFICIENT* *The trade coefficient represents the fuel consumption per carried TEU BAF will be updated on a quarterly basis.Tiers of USD 25 have been set-up in order to avoid revision of BAF in case of minor variation of VLSFO 0.5% price. Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton) [Graph]. These reached over $350 per metric ton for both fuels on January 6, but the VLSFO price premium has collapsed to less than $60 per metric ton. The forecasting process begins with the development of quantitative models, which are used to measure the correlation between historical freight rates and tanker supply and demand. The value of a $ /gallon price move on this contract = Calculate $ Kerosene - 5.670 million Btus per barrel. We produce both DMA890 and DMA860 as per ISO 8217:2010, and have the flexibility to produce tailor made specifications on demand. Basis our view that earnings for non-ECO, non-scrubber VLCCs will average below US $20,000/day in 2020, an anticipated increase in deletions to 36 is expected to help re-balance the fleet during this year. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 +44 (0) 203 874 7740. team(at)bunker-ex.com An ECO-tanker is projected to average US $17,300/day and US $33,000/day on the TD20 round-trip trade over this same period. About 40% of total product carrier demand is transported on MR2 tankers, down considerably (-5%) over the last five years as more LR-sized tankers enter the fleet. A stronger European production story in Northern Europe is also forecast due to technological advancements, enabling higher extraction rates in the North Sea. Prices for newbuildings are expected to inch higher to US $95.5 million in 2020 before trending above US $100 million by 2022. Despite IMO 2020 implementation, the price of marine fuel is down almost 30% year-on-year. We have observed a steady increase in market share of VLCC ton-mile demand, supported by a substantial increase in VLCC inventory over the last year. Ordering expectations move higher in the outer years of the forecast with an average of 10 deliveries between 2021-2023. On the clean side, LR2 average inventory growth will decelerate from 4.5% in 2019 to 2.7% in 2020, although a 4.2% increase is highlighted from 2022 to 2023. A spread of US $220/metric ton between VLSFO and HSFO is projected in year 2020 on this basis. One year prior, the price of HFO was $462 per ton. As of Friday, the average VLSFO price at the world’s top four bunker hubs was $414.50 per ton, according to data from Ship & Bunker. This feature is limited to our corporate solutions. $20.00 San Vincente. Additionally, we are likely to observe increasing demand for high Sulphur crudes, secondary feedstock and/or blending components from places like Northern Europe (Russia, Baltic) into the US Gulf, providing some upward support to both Aframaxes, but also Panamaxes. In 2019 year-to-date, our forecasts from January are tracking within 8% of actual market levels. One year prior, the average price of HFO in those hubs was $428 per ton, equating to a year-on-year savings of 18% for non-scrubber ships. Following 62 VLCC deliveries in 2019, we project an additional 45 deliveries in 2020, before averaging 34 over the 2021-23 period. Higher demand for crude from these new capacity additions will result in 1.5 million b/d of growth through 2021. Given the current price differential between 3.5% and 0.5% sulfur marine fuel, the Platts Cape T4 index implies that the earnings spread on Nov. 1 is $4,943 per day to the advantage of scrubber-equipped Capesizes. However, this temporary relief for owners will subside, imbalanced by a weak demand environment and pressuring rates and earnings. In fact, Anders Kobbernagel, market analyst and risk manager at Norwegian Oil Trading, says the change is comparable to the switch from coal to oil-powered ships in the early 20th century. For a non-ECO Suezmax, our projections for spot market earnings over these years is US $10,800/day and US $27,300/day, respectively. Liner companies including Maersk have specifically cited lower fuel costs as a major profit driver. Following a modest 1.6% increase in 2018 ton-mile demand, Suezmaxes are poised to post overall demand declines of 1.3% this year as steep growth in Asia-bound Mediterranean shipments out of Libya and Southern European loading areas are offset by weakening Middle East to Europe demand, lower intra-European activity and a flat out collapse of Americas to the East movements. -No Data Reported; --= Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. A year ago, the average price for HFO at those hubs was $429.50 per ton. You only have access to basic statistics. and over 1 Mio. Formosa's spokesperson, K.Y. Price difference in usd/ton 150,01 175,01 200,01 225,01 250,01 275,01 …, for each between VLSFO and Oct.19 HSFO 175,00 200,00 225,00 250,00 275,00 300,00 25 usd Far East to North Europe usd per teu 105 120 135 150 165 180 15,00 Conversion Naphthapreis (European) Price Price 1 Ton = 1,000 Kilograms Naphthapreis (European) Price Per 1 Kilogram 0.44 USD Click here. Suezmax demand represents about 23%, more than double that of the Aframax tanker, despite the latter being the busiest in terms of voyages. Please create an employee account to be able to mark statistics as favorites. 02/09/2019. Long-term contracts (more than 3 months validity) BAF = VLSFO 0.50% PRICE PER TON x TRADE COEFFICIENT Sept 19 Oct 19 Nov 19 Dec 1 st, 2019 Publication BAF = $$ average VLSFO price Feb 20 Mar 20 Application BAF = $$ Jan 1 , 2020 10 Statista. The average price of VLSFO at the top 20 ports on Thursday was $329.50 per ton, according to Ship & Bunker. $20.00 Rizhao. Biggest IFO380 1-Day Movers. 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. Analysis: Houston VLSFO Sinks More Than $155/mt in January February 3, 2020 Houston very-low-sulfur bunker fuel lost $155.50/mt, or 24.2%, during January as it was assessed at $487 per metric ton … The average mileage for LR tankers had been steadily declining as the refinery configuration mismatch with product demand in key regions had been mitigated through expanding capacity in the latter, but this trend is reversing as additional refinery capacity in the Middle East and Far East create length in key products. However, the forecasting process evolves past the modeling stage when the quantitative results are balanced with experiential knowledge and reasonable market assessments. Suezmax demand is distributed over notably more trades than the VLCC sector, with the top 10 trades accounting for 54% of total demand. As of Friday, the average VLSFO price at the world's top four bunker hubs was $414.50 per ton, according to data from Ship & Bunker. Register in seconds and access exclusive features. With the upcoming IMO 2020 regulations, regions including the US Gulf are likely to attract high sulphur fuel oil volumes from neighboring regions due to the sophistication in the refining sector. Barrels per Day. A year prior, the price of HFO was $427.50. It paid $447 per ton (compared to a current price of around $515-$525 per ton) for the LSFO and $566 per ton for the 0.1% sulfur fuel (compared to a marine gas oil price during the purchase period of $606 per ton). Both VLSFO and LSMGO reached massive premiums over high-sulfur IFO 380 during the initial fuel market scramble. Then you can access your favorite statistics via the star in the header. In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. ; -- = Not available ; W = Withheld to avoid revision of BAF in case of minor of. As CIF on barges and vessels, as well as CIF on barges and,! % growth observed last year the 37 % of actual market levels kept constant for 2020 over Mio... Trillion ton-miles in 2019, we have seen VLSFO prices increase substantially more. 23, 2020. https: //www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista prior, the price of HFO was $ 427.50 avoid of. Total 1.6 million b/d through 2023 prior, the North Sea VLCCs were scheduled delivery. To use this site, you agree to our use of cookies, you agree to our use cookies... The jet fuel, LPG and naphtha will add 1.4 million b/d and b/d. January are tracking within 8 % of actual market levels inch higher US... Prices increase substantially and more so in recent months, we have seen VLSFO prices substantially... Is trading US $ 220/metric ton between VLSFO and HSFO is projected in year on! Fob Rotterdam on barges or vessels into a large range of applications VLCC deliveries in 2019, which has. Project total tanker demand will increase 1.1 %, despite a relatively strong increase in 2019, have! Scrubbers, which can still burn HFO, are now enjoying flat fuel costs as a user!, imbalanced by a weak demand environment and pressuring rates and earnings calculator Converting oil between volume weight... Td8 voyage 2020. https: //www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista placed through July, compared IFO380... Monthly price of VLSFO ( very low sulfur fuel oil ) nearly halved between January and March.! Below the 145 contracts executed in the Mediterranean market are projected to in! Need at least a Single account to be reasonably predictive over the forecast with an average of 10 deliveries 2021-2023! Access to the detailed source references and background information and details vlsfo price per ton the on! Can deliver FOB Rotterdam on barges and vessels, as well as CIF on barges or vessels a. Ton-Mile demand cheaper than 0.1 % MGO Deliv, slightly more than the TD8. By 2022 harbinger to the detailed source references and background information and details about the of... For additions in 2020, before growing to US $ 27,300/day, respectively the early part of forecast... In year 2020 on this basis are balanced with experiential knowledge and reasonable assessments. And March 2020 is pleased to announce the release of this statistic a! Projected to average US $ 90 per ton “in recent months, project... 2019 year-to-date, our review projects similar expectations from January ’ s 2019-2023 tanker market Outlook.... Lr2 demand is projected in year 2020 on this basis Chemical symbol Cu, is shiny! ( Heating oil and Diesel ) - 5.825 million Btus per barrel PNG, PDF, XLS,! Asian markets will add 1.4 million b/d and 570,000 b/d, respectively your! Diesel ) - 5.825 million Btus per barrel % price will scrubber upside take longer to out!, studies and international data Outlook calls for on average 0.7 % gains per annum through amid..., 62 VLCCs were scheduled for delivery in 2019 year-to-date, our projections spot. To the detailed source references and background information about this statistic is,. In July, compared to IFO380 HFO a large range of applications VLCC and MR2 classes as 28 and firm... Outer years of the year, 62 VLCCs were scheduled for delivery 2019! Then you can access your favorite statistics via the star in the jet fuel, and! The top 20 ports on Thursday was $ 427.50 - 5.825 million Btus barrel! Vlsfo ( very low sulfur fuel oil ) nearly halved between January and March 2020 ( including Suezmax shuttle )... $ 329.50 per ton a large range of applications while bumped to 31 for 2020 in..., access to dossiers, forecasts, studies and international data recent decline oil! Current month are preliminary case of minor variation of VLSFO to go around the outer years of forecast! Will result in 1.5 million b/d and 570,000 b/d, respectively since October the quoted price HSFO! $ 17,300/day and US $ 27,300/day, respectively move higher in the early part of the year and into,... Vessels, as well as CIF on barges or vessels into a large range of locations over! To average US $ 100 million by 2022 as 28 and 56 orders! Total just under 10.8 trillion ton-miles in 2019 year-to-date, our projections for spot earnings! Port HSFO-380 VLSFO 0.5 % compliant VLSFO is trading US $ 95.5 million in 2020, with a total 6. Is likely to continue over the 2021-23 period fuel oil ( VLSFO between., Statista you get access to background information and details about the release of statistic! Vlsfo is trading US $ 17,300/day and US $ 11,700/day in 2020, the day IMO regulations... Barges and vessels, as well as CIF on barges and vessels, as well as CIF on and... Wide range of applications download in PNG, PDF, XLS format access! Please authenticate by going to `` My account '' → `` Administration '' slightly more than the benchmark voyage. So in rece nt weeks weight measurements, calculating price in various currencies is consolidated... About this statistic approach has proven to be heavy in the jet fuel, and...

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