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Low sulfur fuel trading begins on stock exchange

Contract prices on low sulfur fuel will become a commodity on the US New York Mercantile Exchange from mid-December, report several media. The price difference between heavy fuel and low sulfur fuel is a major subject of in the industry.

Photo: Arkivfoto/Colourbox

Low sulfur fuel futures will begin trading on the New York Mercantile Exchange Dec. 10.

According to several media, 11 types of contracts will hit the platform for fuel, which shipowners will bunker from the end of 2019 and latest from Jan 1. 2020.

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