The volume of Asian fuel oil trades recorded through the S&P Global Platts market-on-close (MOC) price assessment system almost halved last year as the shipping industry shifted its fuel type, says an article published in ship & bunker.
Singapore MOCPlatts recorded 7.33 million mt of 180 CST and 380 CST HSFO and VLSFO trades in its Singapore MOC last year, down by 46% from 2019’s level, news agency Reuters reported Thursday.
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