Ports and Shipping - WORLDWIDE SHIPPING INDUSTRY - Singapore marine fuel oil hits new record high.
The premium of Singapore Marine Fuel 0.5 percent to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments rose Tuesday to a new record high, driven by stockpiling demand, SandP Global Platts data showed.
Singapore Marine Fuel 0.5percent premium climbed to $102.01/mt to the MOPS 380 CST HSFO assessment Tuesday, up 49 cents/mt from Monday, Platts data showed. The premium of Marine Fuel 0.5 percent was the highest since Platts launched the assessment on January 2 this year. It last hit a high of $101.55/mt premium to the MOPS 380 CST HSFO assessment on May 15, amid strong buying interest. The Marine Fuel 0.5percent price was assessed at $497.36/mt Tuesday, up $5.18/mt from Monday. Stocks of low sulfur fuel oil with...
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