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Fuel trade almost halved in Asia in 2020

Covid-19, new sulfur requirements, lower exports to China and the collapse of commodity trader Hin Leong Trading in Singapore made bunker oil trade volumes drop 46 percent in 2020 compared to 2019, writes Reuters.
Photo: Stf Ed Wray/AP/Ritzau Scanpix
Photo: Stf Ed Wray/AP/Ritzau Scanpix
by DAG HOLMSTAD

New environmental requirements for the sulfur content in marine fuels, the coronavirus crisis and changes to China's demand in 2020 led trade with bunker oil in Asia to drop to the lowest level in five years, writes Reuters.

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