Bunker prices are slightly up in the Far East ports of Russia (graph)

The difference with the Port of Singapore is about $24 on the average

According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok as of 8 December 2020 are as follows:

-          IFO-380 НS - $270 pmt (flat versus the previous week and $37 less than in Singapore)

-          MGO- $410 pmt (up $5, week-on-week and $6 less than in Singapore)

-          VLSFO 0.5% - $370 (up $8, week-on-week and $30 less than in Singapore).

The market players say the prices are just indicative with limited volumes of non-compliant fuel oil available and low demand of it in the area.

The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.

IAA PortNews’ analytical product “Price bulletin” offers detailed indications of bunker fuels in the ports of Russia.

From 1 January 2020 the global upper limit on the sulphur content of ships' fuel oil is reduced to 0.50%.

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