Prices for low-sulphur fuel grades in Singapore soared to edge out marine gas oil (MGO) prices out of the top spot on Friday as pressure mounts on the bunker markets ahead of the IMO 2020 implementation date.
With less than a month to go before non-scrubber fitted ship are required to switch from 380 CST fuel oil to 0.5%-sulphur fuel, prices have climbed rapidly over the past two weeks, reaching record highs since the fuels first became available in the market.
