Japanese shipowners operating vessels on routes between Japan and China are continuing to opt for bunkering at Chinese ports despite concerns about the coronavirus outbreak.
Port operations along the Yangtze river remained mostly normal this week, with lower prices in Chinese ports attractive, Japanese shipowners said.
Bunker prices for delivery in Tokyo tended to be higher than those for delivery in Shanghai in February, although prices at the two ports undercut each other almost on a daily basis.
Argus' assessments for 0.5pc sulphur marine fuel oil, which meets International Maritime Oraganisation specifications that took effect on 1 January, averaged $553.16/t for delivery in Tokyo for February to date compared with $551.27/t for delivery in Shanghai and $544.13/t for delivery in Zhoushan, both in east China.
Source:Argus
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