Fuel Switch Snapshot: Gas supply risks lift Rotterdam’s LNG and LBM
All bunker prices described in the text below have been adjusted for calorific content to make them VLSFO-equivalent. They have estimated EU-EU voyage compliance costs included for Rotterdam, and nonEU-EU compliance costs included for Singapore. These account for EU ETS costs and FuelEU Maritime penalties, and the average price of compliance surpluses we have picked ...
The fuel market in Rotterdam has experienced significant shifts, with LNG and LBM gaining ground against traditional fuels such as HSFO and B100. The price differential for LNG has widened by $150/mt, while LBM has seen premiums increase by $105-107/mt over HSFO and $90-92/mt over VLSFO. In Singapore, LNG's premiums over VLSFO have narrowed slightly, but its discounts to LSMGO have widened significantly.
The broader picture also sees LNG's premium over VLSFO in Rotterdam grow by $95-97/mt, while its discount to LSMGO has narrowed by $11-13/mt. Singapore's B100 has also seen a rise in its premium over VLSFO and a decrease in its discount to LSMGO. Overall, the fuel market dynamics in Rotterdam and Singapore are being influenced by factors such as compliance costs, engine types, and global supply constraints.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.