Paul Millar

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Is There Too Much Optimism About 2020 Bunkers?

By Paul Millar 2018-07-01 20:41:54

In April 2018, ships visiting Singapore lifted 3,023,100 tons of IFO380, and 126,100 tons of MGO. If we assume a price of around $475 for IFO380 and $680 for MGO, the market was worth more than $1.5 billion for those two grades alone. This is only a rough estimate, but it gives a sense of the scope and size of the market. Especially when we consider that the International Energy Agency (IEA) in...

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