S Korea cleaner marine fuels market to grow on new ECA

Demand for cleaner bunker fuels, including marine gasoil, in South Korea is expected to increase further, with fuel bills for shipowners likely to rise, as a result of plans to create an impending emission control area, or ECA.

South Korea is among the first few Asian countries to impose a 0.1% sulfur fuel limit on oceangoing vessels.

This comes as South Korea’s demand for cleaner fuels had already…

View entirety: S&P Global Platts