Global energy and commodity price reporting agency Argus Media on Monday (27 May) said it has launched an IMO-compliant 0.5% sulphur fuel oil price assessment for bunkering at Los Angeles.
The Los Angeles price assessment is for ex-wharf deliveries ranging between 500 to 3,000 metric tonnes (mt). It will be published daily in $/t, with delivery timing 2 to 7 days ahead.
“Why Los Angeles? For the most part, containership demand drives bunker demand at Los Angeles,” it informs.
“Los Angeles and the neighboring port of Long Beach are the top US containership ports. Their containership throughout increased by 3.9% to 17.55mn twenty-foot equivalent unit (TEU) in 2018, compared with 16.89mn t in 2017.
“Los Angeles and Long Beach sold about 3.20mn t of marine fuel in 2018, of which about 80% (or 2.56mn t) was residual bunker fuel. In 2020, the bulk of the residual bunker fuel demand is expected to shift to 0.5% sulphur marine fuel.”
The price assessment is available in Argus Marine Fuels and Argus US Products.
Further details of Argus Media’s 0.5% sulphur fuel oil bunker price assessment at Los Angeles can be obtained here.
Photo credit: Courtesy of the Port of Los Angeles
Published: 27 May, 2019
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