By Srinivas Chowdary Sunkara // petrobazaar // 31st August, 2018.
Fuel oil prices are edged up across all the major ports except in Busan yesterday. Both the 180 cSt and 380 cSt graded fuel oil cracks went up by $7 or 1.42% while MGO prices inflated by $10 in Singapore market from earlier close. Plummeting fuel inventories and higher crude oil prices could have caused to increase in fuel oil prices as per market reports. In India, Furnace oil prices are likely to edged down after factoring the weak rupee.
Scrubber doesn't make sense for IMO 2020?
While some of the ship owners consider scrubber's an attractive solution to comply with IMO 2020 regulations, Mr.Kristian March, CEO, Odfjell SE favored land based solution instead. In his opinion scrubbers doesn't make any sense and could be quite an attractive investment where the spread between HSFO bunkers and compliant fuel is $300.
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