Asia-bound Fuel-oil Cargoes on the Rise

Asia-bound fuel-oil cargoes from Western countries in August rise to 3.44-million tons

Fuel-oil shipments to Asia from Western countries for August delivery rose from a week earlier to 3.44 million metric tons, according to vessel-charter data and information from traders compiled by Bloomberg.

The volume compares with 3.3 million tons reported a week ago and 2.5 million tons for July, a nine-month low.

At least 14 tankers, including five very large crude carriers, are scheduled to arrive in Asia next month after collecting the fuel for ships and power generators from ports in Europe, the U.S. and the Caribbean.

Source: Bloomberg