Marine Propulsion: Platts’ Starts Assessment of 0.5% Sulphur Marine Fuel Price in Singapore: Us$366.18/tonne

These have been attempts to gauge the impact on the expected premium ahead of the IMO global sulphur cap’s introduction on 1 January 2020:

  • Shipping accountants and consultants Moore Stephens conducted a survey in which 23% of the respondents felt the premium would be between US$175/tonne and US$249/tonne.
  • Poten & Partners’ senior analyst Erik Broekhuizen has analysed the impact on tanker charterers.
  • An 80-page study by AXSMarine’s tanker market analysis arm Alphatanker predicted that VLCC owners with scrubbers fitted on their vessels could see savings of more than US$40,000 per day.
  • Others have stated the premium could be as high as US$600/tonne but Platts’ were quick to point out that the current assessment is based on the current thin level of demand for 0.5% sulphur fuel.

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