Despite its relatively high cost, both shipping companies and refiners are placing bets on low sulfur fuel oil (LSFO, 0.5% sulfur m/m) for marine transportation. As a result, LSFO sales in Singapore, the world’s largest bunkering hub, have increased from 174 thousand tons in September 2019 to 2,896 thousand tons in September 2020, says GlobalData, …
The post LSFO emerging as preferred bunker fuel following IMO 2020 regulation, says GlobalData first appeared on Hellenic Shipping News Worldwide.