In the current fuel market, there are notable developments in various fuel types and their associated premiums over conventional fuels, says an article published on engine online website.
Summary
- Biofuel premiums over conventional fuels have increased, with B24-VLSFO prices in Rotterdam rising by $18/mt and Singapore seeing a smaller increase of $2/mt for B24-VLSFO.
- Rotterdam’s B24-VLSFO premium over regular VLSFO widened by $18/mt to $139/mt.
- Rotterdam’s VLSFO benchmark remained steady, while Singapore’s saw a marginal increase of $2/mt.
- Rotterdam’s VLSFO availability is normal with recommended lead times of 4-5 days, whereas Singapore has tightened with lead times spanning 5-14 days.
- Rotterdam’s B24-VLSFO HBE price climbed by $18/mt due to rising costs of POMEME, with Dutch rebates rising to $69/mt.
Bio Premiums Widening
Biofuel premiums over conventional fuels have increased:
- B24-VLSFO prices in Rotterdam rose by $18/mt.
- Singapore saw a smaller increase of $2/mt for B24-VLSFO.
- Rotterdam’s B24-VLSFO premium over regular VLSFO widened by $18/mt to $139/mt.
VLSFO Prices And Availability
- Rotterdam’s VLSFO benchmark remained steady, while Singapore’s saw a marginal increase of $2/mt.
- Rotterdam’s VLSFO availability is normal with recommended lead times of 4-5 days, whereas Singapore has tightened with lead times spanning 5-14 days.
Biofuels In Rotterdam
- Rotterdam’s B24-VLSFO HBE price climbed by $18/mt due to rising costs of POMEME.
- Dutch rebates for B24-VLSFO HBE rose by $3/mt to reach $69/mt.
- Rotterdam’s B24-VLSFO premium over its regular VLSFO widened to $139/mt.
Biofuels In Singapore
- Singapore’s B24-VLSFO UCOME price gained $4/mt.
- The biofuel bunker market in Singapore is currently quiet according to traders.
LNG Prices And Availability
- LNG prices in Rotterdam and Singapore increased marginally.
- Rotterdam’s LNG is now priced $131/mt lower than VLSFO, with a widening discount of $270/mt compared to B24-VLSFO.
- Rotterdam offers good LNG availability with multiple suppliers, keeping delivery costs lower compared to Singapore.
Overall, while biofuel premiums have increased, LNG remains the most cost-effective option for dual-fuel ships in Rotterdam, and scrubber-fitted ships in Singapore still benefit from lower HSFO prices.
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Source: engine online
