04OCT2019 - NEWS - IMO-compliant fuel builds in Singapore floating storage , About 4 Million tonnes of LSFO being stored

Singapore stockpiles of low sulfur marine fuels held in floating storage are swelling ahead of a 2020 global deadline.

Concerns of supply shortages as the new rules kick in have eased as the amount of low-sulfur fuel oil (LSFO) and components to produce it that are being held in tankers around Singapore - by far the world’s largest bunkering hub - have risen steadily over the past few months. 

About 4 million tonnes of LSFO are being stored on board 18 very large crude carriers (VLCCs) around Singapore.