Singapore's floating storage of low-sulfur fuel grows
The world's biggest bunker port has spent the past few months boosting its floating storage of the new low-sulfur fuel. And for this reason, fears of fuel shortages as a result of the new sulfur requirements entering force in 2020 have subsided, assesses analyst.
Singapore has increased its floating stockpiles of low-sulfur fuels significantly in recent months, and this has helped lowering the fears of fuel shortages, which many feared would set in once the global sulfur requirements enter force from the turn of the year, writes Reuters.
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