The price of VLSFO has increased in recent months, indicating worries that there is not enough of the fuel to comply with sulphur cap, Reuters reports. Namely, VLSFO has began trading at levels that can be compared with marine gasoil.
This fact may be showing that refineries need to rise production of VLSFO, with tankers changing from high-sulphur fuel to cleaner fuels, in order to comply with the IMO sulphur cap.
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What is more, supply has also tightened in...
https://safety4sea.com/increasing-prices-indicate-tight-supply-of-cleaner-fuel/