Low-sulfur fuel premium approaching normal levels

The price spread between low-sulfur fuel and heavy bunker is normalizing, while previous shortages of the fuel at major bunker ports seem to be under control, writes Sea-Intelligence.

Photo: Ed Wray/AP/POLFOTO/arkiv/AP

The price difference between very low-sulfur fuel oil (VLSFO) and the standard heavy bunker fuel IFO380 now approaches normal levels, writes Sea-Intelligence in a new analysis. The same applies to the difference between the world's 20 largest ports and all global ports.

When the global sulfur cap came into force on Jan. 1, 2020, it was entirely expected that the price of VLSFO would be higher than that of conventional fuel oil. But that the spread at one point hit USD 340 per ton took most by surprise.

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