Traders in Europe are not rushing to the 2019 tenders for fuel oil, expecting wild price volatility in the prices of both high-sulfur and low-sulfur fuel oil next year as the market will be preparing for the new International Maritime Organization (IMO) regulation capping sulfur content in the fuel powering ships. Although discussions about the tenders for 2019 supply have started and the delivery period for 2019 would usually run between December 2018 and January 2020, some traders are worried that their contracts will be exposed to the price volatility, S&P Global Platts reported on Wednesday. The delivery period for 2019 contracts would coincide with the January 1, 2020 start of the new IMO rules on using only 0.5-percent sulfur fuel oil on ships, unless said ships have installed the so-called scrubbers—systems that remove sulfur from exhaust gas emitted by bunkers. According to S&P Global Platts and to market […]