Seaboard Marine wishes to advise our valued customers that we are beginning to convert our vessel fuel supply to comply with the IMO2020 low sulfur mandate as previously announced. Effective November 1, 2019, we will convert the benchmarked fuel from the current IFO380 (3.5%) to MGO (0.1%) fuel in order to comply with the new regulation. This change in the benchmark fuel will increase our Marine Fuel Surcharge in accordance with our index. The current MGO average is $589 which will move our index from the current $350 – $399 range to the $550 – 599 range resulting in an increase to our Marine Fuel Surcharge effective on November 1, 2019. To view the revised Marine Fuel Surcharge values, please click on READ MORE.
