HSFO Sales Up 47.2% From Q1 2020

Capt. John

In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows.

HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes.

IMO 2020 Sulphur Cap

This is, however, still less than a third of high-sulphur fuel sales in Q1 2019, before the IMO 2020 Sulphur Cap came into force.

The 1 million tonne increase in HSFO sales exceeded the fall in low-sulphur fuel oil...

https://mfame.guru/hsfo-sales-up-47-2-from-q1-2020/

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