0.5% sulphur marine fuel oil grade could account for 65% of all marine fuel oil bought globally this month.
Marine segment saw ‘strongest results’ in last five years due to seasonality and tight bunker market in Singapore.
‘Huge opportunity’ for oil majors and refiners to return to being a force in retail bunkering, suggests Infospectrum.
Move motivated by several unique operational and commercial factors, explains Albert Susilo of Singapore-based shipbroking, analysis and consultancy firm AE Marine.
Analyses IMO 2020 and its various compliance economic and financial impacts on shipping operations.
There are currently 50 bunker barges in operation in Zhoushan, of which only one has MFM installed.
Now looking for floating oil storage unit between 200,000 to 300,000 mt for further development.
Shift of volume will come from Singapore market due to stricter policies for marine fuel specifications.
Hong Kong-based bunker supplier records decrease in local volume due to market developments at China.
Anticipates bunker sales volume expansion at ARA, Germany, Savannah and US East Coast in 2018.
