ShippingWatch

Energy agency says key ports have sufficient low-sulfur fuel oil

The supply of low-sulfur oil is increasing rapidly, and the key hubs in the global shipping sector now have sufficient low-sulfur fuel oil, according to a report from the International Energy Agency.

Photo: Jorge Silva/Reuters/Ritzau Scanpix

The important hubs in the global shipping sector now have a sufficiently large supply of the new low-sulfur fuels, says the International Energy Agency, IEA, in its monthly report, according to Reuters.

"We are starting to see the first data on the transition and, it appears that deliveries of the new VLSFO [very low-sulfur fuel oil, -ed.] bunkers are increasing fast," writes the IEA.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs