96 | BUNKER BULLETIN
ISO may produce intermediate ISO 8217 specifications before 2020 It is possible that a “publiclyavailable specification” could be ready sooner in response to a request from the IMO for ISO to “keep consistency between the ISO standard and implementation of the 0.5% sulphur limit,” according to the International Bunker Industry Association. The sixth edition of the
standard was published in March 2017. It dealt with the issue of fatty acid methyl ester(s) (FAME) and introduced a new reporting requirement on cold flow properties for winter grade distillates (cloud point and cold filter plugging point), but it was not then able to address all of the issues arising from the introduction
World bunker prices LATEST PRICES Settle EUROPE Rotterdam MTD Antwerp MTD Lisbon MTW Gibraltar MTD Gothenburg MTD Las Palmas MTD Malta MTD Piraeus MTW St. Petersburg MTD * MIDDLE EAST, SOUTH AFRICA Fujairah MTD Durban MTW Dammam-Ras Tanura MTD Jeddah- Yanbu- Rabigh MTD Richards Bay MTW
BRENT $56.25 -$0.69
to the market of several less conventional types of marine fuels with maximum 0.10% sulphur for operation in emission control areas (ECAs). Quality concerns specific to low sulphur types of fuel are expected to become even more pressing with the 0.50% sulphur limit in 2020. The technical committee
(Bunker price Indications – Friday 13th October 2017) WTI $50.60 -$0.70
IFO-380 3.5% $325-$330 $329-$338 $331-$336 $340-$345 $355-$360 $345-$350 $338-$343 $340-$345 $295-$305
MGO $528.25 $0.00
NOTES
MGO 0.1% $508-$515 $510-$520 $535-$540 $545-$555 $525-$530 $555-$560 $530-$542 $550-$560 $505-$520
$345-$350 $350-$355 $351 $359 Subject Enquiry
$580-$585 $545-$550 $585 $585 Subject Enquiry
AMERICAS New York MTW Houston MTW New Orleans MTW Vancouver MTW Panama MTW Santos MTD
$338-$345 $300-$313 $325-$349 $360-$374 $312-$325 $358-$359
$519-$540 $535-$557 $525-$562 $675-$695 $565-$575 $688-$689
FAR EAST Hong Kong MTD Singapore MTD Busan MTD Tokyo Bay MTD Shanghai MTW Qingdao MTW
$345-$349 $339-$346 $355-$363 $365-$370 $365-$368 $365-$368
$525-$530 $513-$525 $545-$565 $570-$580 $605-$610 $610-$615
Barging $11.50pmt PPDD PPDD Barging $14.00pmt
DMA
Diesel LSDDMB
*Price not updated from previous report.
MTD = delivered MTW = ex-wharf PP = posted price
Information supplied by Dave Reid - Broker @ WMF e: dareid@wfscorp.com Wilhelmsen Premier Marine Fuels Ltd
All prices listed are in US Dollars. These are indicative prices only to be used as a guide, subject to change depending on market conditions, quantity & supply date. DISCLAIMER: Please note that the information provided hereby merely contains observations and forward-looking expectations which are subject to risk and uncertainties related to financial and market conditions in relevant markets and may otherwise be subject to change. The purpose of this information is to share insight, which has been reported through common sources or our network. WMF undertakes no liability and makes no representation or warranty for the information and expectations given in this information or for the consequences of any actions taken on the basis of the information provided.
Marine Propulsion & Auxiliary Machinery | October/November 2017
that reviews and updates the ISO 8217 marine fuel standard, as well as ISO 8216 (classification of marine fuels) has started looking at what to do for the next revision. The normal revision process takes at least three years so it will be ready in late 2020 at the earliest, probably later. However, it is possible that the ISO 8217 technical committee (ISO TC28/SC4/ WG6) could work on an interim solution by producing a publicly available specification (PAS), which is an intermediate specification published prior to a full International Standard. A PAS is initially valid for up to three years, after which it may be extended for up to another three years or can be withdrawn. The PAS, or elements of it, could be adopted as part of the next full ISO 8217 revision. At the moment, ISO 8217 is divided into marine distillate (MD) grades, distillate FAME (DF) grades and residual marine (RM) grades. Some fuels already meet the 0.10% sulphur limit in ECAs that do not fit into the distillate category, and hence are typically sold under ISO 8217 residual marine specifications (RM grades). ISO 8217 will likely continue to have MD grades of pure distillate fuels, so the main question is how it will address the low sulphur fuel blends that fall into the RM category today. The most pressing quality concerns about the blends that are expected to be produced to meet the 0.50% sulphur limit in 2020 relate to stability and the compatibility between various products, and this would likely be the focus of the work. It could include incorporating new test methods to get a better measure of fuel stability and compatibility. MP
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