Integr8 Fuels has said that changes in bunker infrastructure, availabilities and pricing are all having a major impact on the transition to the new 0.50% sulphur cap regime, and that this was posing challenges to bunker buyers.
The process of switching infrastructure (storage and barges) from HSFO to VLSFO had been noticeably underway since September. There had been a significant strengthening and then weakening in HSFO prices. The next stage had now arrived, with buyers switching rapidly towards VLSFO. The impacts of this change-over were easy to see. There had been terminal congestion, barge delays, availabilities and price volatility.
Integr8 Fuels said that since October the quoted price of HSFO had…
View entirety: Insurance Marine News