News

2019 June 27 16:22

Bunker market changes expected in Singapore - expert

Bunker market changes are expected in Singapore, IAA PortNews correspondent cites Sergey Ivanov, Director of Marine Bunker Exchange (MABUX) AB, as saying at the 12th Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” being held in Saint-Petersburg. 

According to him, suppliers of VLSFO 0.5%, the demand for which is expected to boost with tougher restrictions on sulfur content in marine fuel to become effective from 1 January 2020, anticipate traders to mix different grades of fuel that will result in lower product quality.

Therefore, they plan direct supplies without involving traders. 

Sergey Ivanov does not rule out the possibility of the situation to expand to other large bunkering centers worldwide.

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