Ports and Shipping - Northwest Europe RMK 500 cst bunker fuel strengthens.
An increase in fuel oil exports east from Rotterdam is supporting RMK 500 CST bunker fuel prices, as availability of the higher viscosity fuel tightens. Traders are moving RMG 380 CST and RMK 500 CST fuel oil to Singapore from Northwest Europe to capture value from a firmer East-West spread-a measure of the openness of the arbitrage on the route. The February HSFO East-West spread continued to strengthen, assessed at $27.5/mt Tuesday, 50 cents/mt up from Monday. Rotterdam RMK 500 CST fuel was assessed at...
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