Sunday, June 22, 2025
Home Uncategorized VSFLO price decline gathers pace

VSFLO price decline gathers pace

The decline in the cost of VSLFO has intensified with the approach of the Lunar New Year in China and pressure on the price of oil as a result of the novel coronavirus outbreak also mainly in China but expected to spread abroad by nervous markets.

On a global basis VLSFO fell by US$10/tonne and MGO by US$11.24/tonne, but regionally Northern Europe saw a decline in the blended low sulphur fuel of US$25.50 and US$33.50 for the distillate. North America also falls of US$10.50 and US$11.25 for VLSFO and MGO respectively. The Middle East and Africa was the only region to record a gain for MGO a comparatively modest US$1.50, while VLSFO fell US$13.50 in the region.

By Comparison the largest regional fall for 380 HFO was US$5.00/tonne for North America and the overall, globally, was decline US$2.12.

 





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!