Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. 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. 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 Crude and residuals transport is -expected to total just under 10.8 trillion ton-miles in 2019, the highest recorded ton-mile demand. 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. A spread of US $220/metric ton between VLSFO and HSFO is projected in year 2020 on this basis. 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 Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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. Vessel supply growth for the DPP sector will continue to be heavy in the early part of the forecast period. 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. Then you will be able to mark statistics as favourites and use personal statistics alerts. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Refining capacity additions are projected to be concentrated in East of Suez markets between 2019-2021. VLSFO was heard in the $565/mtw in Houston and in the low $600s in NOLA. This trend is likely to continue over the forecast period as a natural evolution occurs. VLSFO 0.5 MGO 0.1 World [?] A year prior, the price of HFO was $427.50. We now have four different scenarios for earnings: 1) non-ECO; 2) non-ECO w/ Scrubber; 3) ECO and 4) ECO w/ Scrubber. You need at least a Single Account to use this feature. 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. $20.00 Umm Qasr. 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. However, the forecasting process evolves past the modeling stage when the quantitative results are balanced with experiential knowledge and reasonable market assessments. The average price for VLSFO in the worldâs top four bunkering hubs was $352 per ton on Monday, according to Ship & Bunker. The bulk of these orders have stemmed from the VLCC and MR2 classes as 28 and 56 firm orders have been placed, respectively. 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. The average price of VLSFO at the top 20 ports on Thursday was $329.50 per ton, according to Ship & Bunker. Therefore, we assume that the spread between the forward rates of 0.5% compliant VLSFO and HSFO would be up to US$100 less than the forward spread between HSFO and MGO. Please create an employee account to be able to mark statistics as favorites. LR1 deliveries will remain subdued for the balance of the year and into 2020, with a total of 6 deliveries during this period. 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. Oil price information Last update: 2020-12-18 Nr. Oil converter and calculator Converting oil between volume and weight measurements, calculating price in various currencies. Subscribe for a year or order a 1-month trial. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. facts. Rotterdam, the initial price premium for VLSFO ranged between $100 to $150 per ton in July, compared to IFO380 HFO. $20.00 Lanshan. As a consequence of the oil price drop sparked by ⦠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 $606 per ton). Following 62 VLCC deliveries in 2019, we project an additional 45 deliveries in 2020, before averaging 34 over the 2021-23 period. Prices are in US$ per ⦠Both VLSFO and LSMGO reached massive premiums over high-sulfur IFO 380 during the initial fuel market scramble. We produce both DMA890 and DMA860 as per ISO 8217:2010, and have the flexibility to produce tailor made specifications on demand. Barrels. Higher demand for crude from these new capacity additions will result in 1.5 million b/d of growth through 2021. $20.00 San Vincente. Currently, 0.5% compliant VLSFO is trading US$90 per ton cheaper than 0.1% compliant MGO. 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. $15.00 Coronel. These reached over $350 per metric ton for both fuels on January 6, but the VLSFO price premium has 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. Metric Tons. more expensive. Distillate (Heating Oil and Diesel) - 5.825 million Btus per barrel. Price difference in usd/ton 150,01 175,01 200,01 225,01 250,01 275,01 â¦, 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 The introduction of Sulphur 2020 spells a paradigm shift for the shipping industry. 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. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. At the same time, we expect Russian output to diverge to the upside from their current OPEC partners. As of Friday, the average VLSFO price at the worldâs top four bunker hubs was $414.50 per ton, according to data from Ship & Bunker. 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. Are you interested in testing our corporate solutions? 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 The longer-term outlook calls for on average 0.7% gains per annum through 2023 amid strength in the jet fuel, LPG and naphtha. Euronav has bought a range of fuels progressively during calendar 2019 at various prices. New, Everything you need to know about the industry development, Find studies from all around the internet. $20.00 Qingdao. $20.00 Basrah. The VLSFO/MGO price differential has widened slightly at Rotterdam this week, increasing from $51 on 27 February to $57 on 6 March. Please contact us to get started with full access to dossiers, forecasts, studies and international data. 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. Click here. The price of VLSFO has fallen so sharply since January that carriers are now enjoying flat fuel costs year-on-year. Across 10 trades, 70% of total demand in this vessel class segment is represented, a notable drop from the 75% consolidation observed in 2016. 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. Ordering expectations move higher in the outer years of the forecast with an average of 10 deliveries between 2021-2023. 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. New, Figures and insights about the advertising and media world, Industry Outlook 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. Click here. 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