Smooth Sailing for Ships After Historic Fuel Switch

Hellenic Shipping News | Jan 16, 2020 at 12:00 AM
  • A major switch in maritime fuel aimed at reducing emissions from ships is proceeding smoothly, shipping executives say.
  • Low-sulfur fuel in Singapore, one of the world’s biggest refueling hubs, was quoted this week at an average $670 a ton, 64% higher than the $409 a ton for the heavy oil, known in the maritime sector as bunker, that has long powered ships.
  • The fears of some shipowners that there wouldn’t be enough low-sulfur fuel availability, or that it wouldn’t work well with maritime engines, so far appear to be unfounded.