By Srinivas Chowdary Sunkara // petrobazaar // 29th August, 2018.
Fuel oil prices went up across the market. In Singapore, IFO 180 cSt and 380 cSt graded fuel oil prices spiked by $4 or 0.82 pct from last closing. MGO prices jumped by $10 to $680. The spikes in fuel oil prices are caused by climbing crude prices amid U.S sanctions on Iran and supply concerns. In the light of new IMO regulations, Blend of high sulphur bunker fuel and low sulphur distillates like marine gas oil is considered as an option of fuel by shipping industry pushing the demand for MGO resulting in high price.
Marine Fuel saving technology
The Silver stream System, a lubricating system, which produces a thin layer of micro-bubbles for the flat bottom of the vessel - designed to reduce the frictional resistance between the water and the hull, and thus save fuel will be a key part of the new design's portfolio of bunker saving measures as published in bunker index.
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