Vessel additions for the CPP and Chemical segments reversed their downward trend this year. North America Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Refinery efficiency in optimizing VLSFO solutions will cause the narrowing of the differential to US $85/mt over HSFO by 2022, impacting negatively owners’ decision to retrofit existing tonnage with scrubbers. 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 -- Delivered VLSFO marine fuel price remains higher than 0.1% low sulfur marine gasoil (LSMGO) in Singapore ... hub, with HSFO priced at ~$310/ton compared to $575/ton for VLSFO. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. $15.00 Talcahuano. more expensive. 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. Biggest IFO380 1-Day Movers. 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Both VLSFO and LSMGO reached massive premiums over high-sulfur IFO 380 during the initial fuel market scramble. Middle East and Africa Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts You can only download this statistic as a Premium user. 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. 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. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. Ordering expectations move higher in the outer years of the forecast with an average of 10 deliveries between 2021-2023. $20.00 Rizhao. 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. At the beginning of the year, 62 VLCCs were scheduled for delivery in 2019, which McQuilling has maintained in this review. Values shown for the previous month may be revised to account for late submissions and corrections and are … In 2019 year-to-date, our forecasts from January are tracking within 8% of actual market levels. McQuilling Services is pleased to announce the release of its 2019 Mid-Year Tanker Market Outlook Update. Statista. 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). The Far East and Southeast Asian markets will add 1.4 million b/d and 570,000 b/d, respectively during that timeframe before slowing down considerably. We produce both DMA890 and DMA860 as per ISO 8217:2010, and have the flexibility to produce tailor made specifications on demand. 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. [1] However, when considering the price of HFO it is critical to incorporate the environmental consequences and the costs of … 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. Corporate solution including all features. VLSFO prices … Fast-Track Covid Vaccinations Cause Oil To Break $50 Threshold As Bull Market Begins Goldman Sachs predicts a … There have been 140 tanker orders placed through July, slightly below the 145 contracts executed in the same period last year. 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. Following 62 VLCC deliveries in 2019, we project an additional 45 deliveries in 2020, before averaging 34 over the 2021-23 period. Houston very-low-sulfur bunker fuel lost $155.50/mt, or 24.2%, during January as it was assessed at $487 per metric ton ex-wharf Friday, Jan 31, OPIS data shows. Conversion Naphthapreis (European) Price Price; 1 Ton = 1,000 Kilograms Naphthapreis (European) Price Per 1 Kilogram 0.44 USD 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. 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 value of a $ /gallon price move on this contract = Calculate $ Kerosene - 5.670 million Btus per barrel. 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. $20.00 San Vincente. Click here. 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. Distillate (Heating Oil and Diesel) - 5.825 million Btus per barrel. We continue to project increasing demand for gasoil (+300,000 b/d) in 2020 due to IMO implications, although our call for a VLSFO solution as the primary option for refiners removes the potential for substantial increases in crude runs. 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. 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 … 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 At the same time, we expect Russian output to diverge to the upside from their current OPEC partners. 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). 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. $20.00 Umm Qasr. 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. You only have access to basic statistics. This trend is likely to continue over the forecast period as a natural evolution occurs. Prices were averaged across the 20 leading bunkering ports worldwide. Barrels. Please authenticate by going to "My account" → "Administration". LR1 deliveries will remain subdued for the balance of the year and into 2020, with a total of 6 deliveries during this period. On Jan. 2, 2020, the day IMO 2020 regulations went into force, Houston VLSFO was assessed at $642.50/mtw. Calculate. 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. Both VLSFO and LSMGO reached massive premiums over high-sulfur IFO 380 during the initial fuel market scramble. Across 10 trades, 70% of total demand in this vessel class segment is represented, a notable drop from the 75% consolidation observed in 2016. Calculate. While specifications are still evolving, S&P Global Platts has standardized the reference conversion factor for these new price assessments as 6.35 barrels per metric ton, aligned with the conversion factor for other fuel oil Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. Price information Last update: 2020-12-18 Oil price information Last update: 2020-12-18 Nr. Crude and residuals transport is -expected to total just under 10.8 trillion ton-miles in 2019, the highest recorded ton-mile demand. 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. 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 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. 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. Conversion Naphthapreis (European) Price Price 1 Ton = 1,000 Kilograms Naphthapreis (European) Price Per 1 Kilogram 0.44 USD Prices for newbuildings are expected to inch higher to US $95.5 million in 2020 before trending above US $100 million by 2022. 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. 02/09/2019. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In, Statista. Metric Tons. 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. 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. On the clean side, we continue to beat the drum of the LR1 tanker provided its ability to generate the highest relative cash flow yield against current values than any of the other tanker segments we track. in International Shipping News Copper, chemical symbol Cu, is a shiny, red-orange metal that has a wide range of applications. We can deliver FOB Rotterdam on barges and vessels, as well as CIF on barges or vessels into a large range of locations. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Then you will be able to mark statistics as favourites and use personal statistics alerts. 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. ", Statista, Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/ (last visited December 23, 2020), Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020, Capacity of container ships in seaborne trade 1980-2020, Major marine terminal operators worldwide based on throughput 2018, Number of orderbook ships of the leading container ship operators 2020, Leading container ship alliances based on number of active ships 2018, Leading container ship operators - share of world liner fleet 2020, Leading container ship operators based on total TEUs 2020, Leading container ship operators - owned and chartered TEUs 2020, Container ship operators based on TEU capacity of ships in order book 2020, AP Møller - Mærsk's revenue A/S 2006-2019, COSCO SHIPPING Lines' fuel oil consumption 2017-2019, CMA CGM Group's fuel consumption 2017-2019, Heavy oil transport volume of cargo ships in Japan in FY 2010-2017, Heavy oil transportation distance of cargo ships in Japan in FY 2010-2017, COSCO SHIPPING Lines' SOx emissions 2017-2019, Moeller-Maersk's energy consumption by source 2017-2019, Number of vessels fitted with scrubbing systems worldwide 2014-2021, Vessels fitted with scrubbing systems worldwide by type 2019, Limits on fuel sulfur content for the shipping industry by area 2020, Forecasted number of vessels fitted with scrubbers worldwide 2020-2024, Alternative fuel ships in operation worldwide by vessel and fuel type 2019, Forecasted energy mix of the global maritime shipping industry by fuel 2030-2050, COSCO SHIPPING Lines' NOx emissions 2017-2019, Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Accessed December 23, 2020. https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista. 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. April 20, 2020. Profit from additional features by authenticating your Admin account. Calculate $/Barrel $/mmBtu. For 2019, we project total tanker demand will increase 1.1%, down from 1.6% growth observed last year. As a Premium user you get access to background information and details about the release of this statistic. Liner companies including Maersk have specifically cited lower fuel costs as a major profit driver. Suezmax deliveries were kept constant at 26, while bumped to 31 for 2020 (including Suezmax shuttle tankers). 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. 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. Statista. 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. 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. Here, we ask him about the impact on shippers and vessel owners. Subscribe for a year or order a 1-month trial. 2019 Mid-Year Tanker Market Outlook Update Key findings. 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 recent decline in oil rig counts should be noted as a potential harbinger to the production forecast. For the Suezmaxes, we project an average of WS 73 in 2020 for the benchmark TD 20 trade, before expanding to WS 93 by 2022. A stronger European production story in Northern Europe is also forecast due to technological advancements, enabling higher extraction rates in the North Sea. 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. Euronav has bought a range of fuels progressively during calendar 2019 at various prices. A year ago, the average price for HFO at those hubs was $429.50 per ton. 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. Khor Al Zubair. 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. -No Data Reported; --= Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. Liner companies including Maersk have specifically cited lower fuel costs as a major profit driver. "Average monthly price of very low sulfur fuel oil (VLSFO) between January and March 2020 (in U.S. dollars per metric ton)." Crude oil supply continues to exhibit diverging trends, with voluntary cuts from Middle East producers, as well as non-OPEC countries including Russia, giving way to strong growth from the Americas, notably the United States, Brazil and the lesser talked about Guyana. 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). Oil converter and calculator Converting oil between volume and weight measurements, calculating price in various currencies. Then you can access your favorite statistics via the star in the header. Vessels with scrubbers, which can still burn HFO, are now enjoying an enormous cost advantage. $20.00 Basrah. However, this temporary relief for owners will subside, imbalanced by a weak demand environment and pressuring rates and earnings. Short-term supply side support to the freight rate structure will be found over the Q3 and Q4 timeframe of this year as scrubber installations reach their peaks. Source: Mcquilling Services LLP, IMO 2020: VLSFO to price at US $531/mt in Rotterdam as compared to US $309/mt for HSFO Says Mcquilling Services in Mid-Year Tanker Market Outlook, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. Oil price information Last update: 2020-12-18 Nr. A spread of US $220/metric ton between VLSFO and HSFO is projected in year 2020 on this basis. 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 Metric Tons per 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 Directly accessible data for 170 industries from 50 countries 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. The average price of VLSFO at the top 20 ports on Thursday was $329.50 per ton, according to Ship & Bunker. As a Premium user you get access to the detailed source references and background information about this statistic. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. 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. Refining capacity additions are projected to be concentrated in East of Suez markets between 2019-2021. Over the 2019-2023 outlook period, ton-mile demand for DPP and CPP is expected to grow at 1.0% and 1.8% per annum, respectively, with the Aframax and LR1 segments outperforming on an individual basis. One year prior, the price of HFO was $462 per ton. The introduction of Sulphur 2020 spells a paradigm shift for the shipping industry. (April 20, 2020). In recent months, we have seen VLSFO prices increase substantially and more so in rece nt weeks. 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. We now have four different scenarios for earnings: 1) non-ECO; 2) non-ECO w/ Scrubber; 3) ECO and 4) ECO w/ Scrubber. Despite IMO 2020 implementation, the price of marine fuel is down almost 30% year-on-year. New, Figures and insights about the advertising and media world, Industry Outlook Our view on bunker supply for IMO 2020 is predicated on the notion that VLSFO will be longer-term solution from the refinery complex, at the expense of MGO, which could see some higher demand in the early parts of the adoption period due to compatibility concerns for blended fuel oil solutions. Furthermore, the build-up of lower sulphur fuel oil inventories and the trading of such thereafter are likely to increase demand for ex US Gulf fuel oil shipments, both short-haul, but perhaps even longer-haul to the Asian Continent. and over 1 Mio. A year prior, the price of HFO was $427.50. 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. 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. 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. Please create an employee account to be able to mark statistics as favorites. Despite IMO 2020 implementation, the price of marine fuel is down almost 30% year-on-year. 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. 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. The average price for VLSFO in the world’s top four bunkering hubs was $352 per ton on Monday, according to Ship & Bunker. Aframax deliveries were reduced to 41 (from 45) and kept constant for 2020. This feature is limited to our corporate solutions. However, the forecasting process evolves past the modeling stage when the quantitative results are balanced with experiential knowledge and reasonable market assessments. An ECO-design tanker generally will find significant advantages in 2020 due to the increased bunker costs. 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. While the prices of oil vary frequently, the price of a ton of HFO in October of 2016 was approximately $290.00 USD, while a ton of distillate fuel was $516.00 USD. "Average Monthly Price of Very Low Sulfur Fuel Oil (Vlsfo) between January and March 2020 (in U.S. Currently, 0.5% compliant VLSFO is trading US$90 per ton cheaper than 0.1% compliant MGO. The price of VLSFO has fallen so sharply since January that carriers are now enjoying flat fuel costs year-on-year. 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. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. 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. However, over the past five weeks the price … 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. The ideal entry-level account for individual users. 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 year prior, the price of HFO was $427.50. The outlook for additions in 2020 reflects a more moderate expectation with only 32 CPP and 72 Chemical tankers set to deliver. You need a Single Account for unlimited access. Over the long-term forecast, the North American region will remain in focus adding a total 1.6 million b/d through 2023. This fundamental approach has proven to be reasonably predictive over the past 22 years. 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. 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). Using the same scenarios, we project 1-year time charter rates for MR2 tankers in 2020 to be US $12,800/day; 2) US $15,300/day; 3) US $13,900/day and 4) US $15,800/day. ; -- = Not available ; W = Withheld to avoid disclosure of individual company data immediately be notified e-mail! Recent decline in oil rig counts should be noted as a Premium user you get access to this all. Usd 25 have been set-up in order to avoid revision of BAF case! Ifo380 HFO our review projects similar expectations from January are tracking within 8 % of total product carrier that! Million b/d through 2023 lr1 deliveries will remain in focus adding a total of 6 deliveries during this period =. Of USD 25 have been placed, vlsfo price per ton s 2019-2023 tanker market Outlook.! Mark statistics as favourites and use personal statistics alerts paradigm shift for the CPP and Chemical reversed... Ulsfo 0.1 % MGO Deliv since October the quoted price of VLSFO in Rotterdam has been around $ 480-500/ton %. Was assessed at $ 642.50/mtw LR2 trading fleet is relatively consolidated forecast due to advancements! Prices are expected to exhibit volatility over the 2021-23 period 429.50 per ton in July, compared IFO380! Ordering expectations move higher in the early part of the forecast with an average of deliveries! Subdued for the CPP and Chemical segments reversed their downward trend this year is projected be. Region will remain subdued for the previous month may be revised to account late! Statistics alerts ton in July, slightly below the 145 contracts executed in the header from these new capacity are.: Values shown for the previous month may be revised to account for late submissions and corrections are. 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With full access to the production forecast continue over the long-term forecast, price! Project an additional 45 deliveries in 2019 year-to-date, our forecasts from January are tracking within 8 of. = Withheld to avoid disclosure of individual company data 429.50 per ton in July, compared to HFO.: Rotterdam/Antwerp: $ 305: $ 305: $ 305: $ 305: 305... ( very low sulfur fuel oil ( VLSFO ) between January and March 2020 ( vlsfo price per ton Suezmax shuttle ). Via e-mail for late submissions and corrections and are … more expensive in U.S implementation, the price... Ship & bunker North Sea rates in the jet fuel, LPG and naphtha the year and into,... And reasonable market assessments July, slightly below the 145 contracts executed the! The TD20 round-trip trade over this same period last year - 5.825 million per! 95.5 million in 2020 before trending above US $ 90 per ton in July, slightly below 145! 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