Storage Tankers Off-Singapore Decline on Strong LSFO Demand Ahead of IMO 2020

The number of tankers floating around the Singapore Strait have seen a steady decline in recent weeks as low sulfur material gets moved to landed storage to meet rising demand for IMO 2020-compliant marine fuel, market sources said.

Several vessels that had been storing low sulfur fuel for weeks around Singapore have moved out in recent weeks after offloading their cargoes, according to sources and cFlow, S&P Global Platts trade-flow software.

These include…

View entirety: S&P Global Platts