Argus leads with IMO 2020 fuel price assessments for the US and Europe
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Monday, November 12, 2018
LONDON, Nov. 12, 2018 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched five new price assessments for fuel markets at the world's largest bunkering locations, including Rotterdam, New York and the US Gulf coast.
Key Points:
- LONDON, Nov. 12, 2018 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched five new price assessments for fuel markets at the world's largest bunkering locations, including Rotterdam, New York and the US Gulf coast.
- These assessments are for fuel that complies with the International Maritime Organisation (IMO) regulation that will reduce the allowable sulphur content in marine fuels to 0.5pc from 3.5pc from 1 January 2020.
- They expand on Argus' recent launch of the industry's first IMO-compliant 0.5pc sulphur marine fuel price in Singapore.
- The IMO is a division of the UN and provides a regulatory framework for the shipping industry.