Asian Refiners Start To Profit From Cleaner Shipping Fuel Demand

Weeks before new worldwide rules on cleaner fuels for ships enter into force, refiners in Asia finally began to see refining margins for those cleaner marine fuels rising, albeit later than what was expected at the start of this year. According to refiners and traders in Asia who spoke to Reuters, shipping companies—who had been slow to purchase very-low sulfur fuel oil (VLSFO) and marine gasoil earlier this year—have started this month to buy more of those cleaner fuels, creating the demand refiners had expected and driving refining…