Fuel oil cargo bought via tender

Wed 25 Apr 2012, 08:22 GMT

Fuel oil cargo bought via tender

Parcel of high sulphur fuel oil is scheduled for delivery next month.

Korea East-West Power Co. Ltd. (EWP) has purchased 50,000 tonnes of high sulphur fuel oil via tender, according to news agency Reuters.

The South Korean generation company, owned by the government-run Korea Electric Power Corporation, is said to have purchased the 2.5 percent maximum sulphur cargo from independent energy trader Mercuria at a premium of $5 per tonne above Singapore spot prices on a cost-and-freight (CFR) basis.

The fuel oil parcel is due for delivery between May 8th and 12th, a utility source said.

Republic of Korea


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