<article><p class="lead">Marine fuel oil with 0.5pc sulphur is available from several suppliers in Denmark and Sweden, and more firms will enter the market by the middle of this month.</p><p>Danish supplier Stena Oil has offered the grade for delivery by barge offshore Skaw and in the port of Gothenburg, Sweden, since late August. It supplies a straight-run 0.47pc sulphur fuel oil with a density of 0.945 g/ml and a viscosity of 234cst. Stena Oil is adding 25,000m³ of storage in Gothenburg and a 5,600 dwt newbuild tanker to increase its delivery capacity.</p><p>Its compatriot Nordic Marine Oil and its trading arm Malik Supply provides 0.5pc marine fuel oil and 0.1pc marine gasoil (MGO) by barge off or in Skaw. Latvian supplier Fast Bunkering started to offer the grade at Skaw last week, and Swedish supplier Bunker One expects to start supplying off Skaw and Gothenburg from the middle of this month.</p><p>Danish supplier Monjasa has not yet said when it will supply the grade at Skaw, but it has storage for 0.5pc product at terminals there and at Portland, UK, and has three tankers deployed in northwest Europe. Monjasa made its first 0.5pc marine fuel oil delivery in Southampton, UK, on 29 August.</p><p>The grade was offered for $515-528/t today, which was a $190-198/t premium to the suppliers' offer prices for high-sulphur 380cst fuel oil, which is the cheapest and most-used grade.</p><p>Demand for 0.5pc marine fuel will be significantly boosted when the International Maritime Organisation (IMO) global 0.5pc sulphur cap enter into force next year. The IEA expects global 0.5pc sulphur fuel oil <a href="https://direct.argusmedia.com/newsandanalysis/article/1863234">demand to reach 1mn b/d in 2020</a>, and forecasts high-sulphur fuel oil (HSFO) demand to fall by 60pc next year.</p></article>
