Fuel price spread hit record this month
Argus Media’s price assessments showed the price spread between 0.5% sulphur fuel oil and 3.5% sulphur fuel oil reaching a record high on November 14 before easing off this week. If this indicative price spread continues to hold above $200-per tonne, it may encourage shipowners to reassess scrubber installations
As well as gaining on the price spread over non-compliant fuel oil, compliant fuel oil is being traded in larger volumes these days, one sign of the mandatory low sulphur transition finally kicking in
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