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BIMCO’s analysis shows significant geographical differences when it comes to VLSFO sulphur compliance and ISO 8217 quality problems

14 September 2022

BIMCO, together with the other industry organisations, acquired data on all commercial fuel samples tested by Veritas Petroleum Services (VPS) during 2020. This VPS data clearly shows the geographical differences between the standard of the fuels delivered to ships. Europe and the US seem to have the poorest performance. This is both in relation to sulphur compliance which may lead to increased air pollution, and ISO 8217 quality parameters, which may impact the safety of ships. BIMCO is providing IMO with data on very low sulphur fuel oil (VLSFO) sulphur compliance and ISO 8217 fuel quality problems. The submissions include an invitation to countries to consider implementing and enforcing a licensing scheme for bunker suppliers operating within their jurisdiction. Such a measure should help combat the high level of problems in some of the poorer performing geographical regions.

VLSFO premium of USD 200/tonne increases scrubber advantage

31 March 2022

The spread between very-low sulphur fuel oil (VLSFO) and high-sulphur fuel oil (HSFO) has widened following Russia's invasion of Ukraine. The HSFO price, however, could rise if Russian volumes coming into the market start declining due to sanctions.