Bloomberg News

Chimbusco Said to Buy Russia Low-Sulfur Fuel Oil at $110 Premium

July 30, 2012

China Marine Bunker (PetroChina) Co. Ltd. bought an 8,000 metric ton cargo of low-sulfur fuel oil from Russia, according to a company official who asked not to be identified because the information is confidential.

The country’s largest marine-fuel supplier, known as Chimbusco, paid a premium of about $110 a ton over Singapore prices and the shipment arrived at Tianjin port, northern China, in mid July, the official said.

Details of the cargo are as follow:

-----------------------------------------------------------
Product:         380-centistoke fuel oil
Price:           $110 a ton premium over Singapore 180
                 centistoke fuel-oil
Sulfur:          1 percent
Quantity:        8,000 tons
-----------------------------------------------------------

The oil’s centistoke rating is a measure of its viscosity, or flow rate, when heated.

To contact the reporter on this story: Winnie Zhu in singapore at wzhu4@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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