As traders stockpile fuel ahead of the biggest transition in the shipping industry, more than 30 oil tankers have anchored in the Malacca Strait off Singapore and Malaysia, reports Bloomberg.
Kpler’s estimateThe flotilla has been expanding for months as traders amass supplies of fuel that comply with new shipping IMO 2020 standards that take effect January 1.
In April, Kpler estimated that at least five vessels laden with low-sulfur fuel oil and blending components were sitting off Singapore,...
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