IMO 2020-compliant bunker fuels now on sale

IMO 2020-compliant bunker fuels now on sale


Suppliers have confirmed they have now sold bunker quantities of LSFO, after sales of IMO 2020-compliant bunker fuels began at key ports around the world in December.

The volumes are still small as the 0.5 per cent market is in its infancy, but the transition to IMO-compliant marine fuels is changing the fundamentals of the bunker industry. 

As a result of LSFO, existing price references are no longer appropriate. So in response, Russian oil and gas media group Argus worked with ship owners and the bunker industry to produce a global portfolio of IMO-compliant price indexes. 

For more information visit www.imo.org

10th February 2020