Splash Extra

Product tankers better placed

Why crude carriers are in a worse hole than their product cousins

Bring on the hurricanes and the typhoons, we need them to boost demand if only temporarily. Especially now where bunker fuel prices are as high as $484 per ton for HSFO and $561 per ton for LSFO in Singapore, making already unprofitable voyages more costly to perform. Splash Extra notices too that the HSFO spread between Singapore and Rotterdam has jumped from $16 per ton in the first seven-and-a-half months of 2021 to reach $46 on average in the following month and a half. The benefit of a scr...

To continue reading, please login below or subscribe here.


Back to top button