China's Exports of Very Low-sulfur Marine Fuel Rise 31%
China's exports of very low-sulfur fuel oil (VLSFO) rose 31.2% in June from a year earlier to 1.66 million tonnes, General Administration of Customs data showed on Tuesday, as attractive prices drew clients from other bunker hubs. In the first half of 2021 exports of VLSFO, which has a maximum sulfur content of 0.5% to comply with emission rules set by the International Maritime Organization (IMO), jumped 52.1% to 9.81 million tonnes. China's VLSFO production capacity reached around 20 million tonnes per annum as of the end of Juneā¦
China Low-sulphur Marine Fuel Exports Hit New Heights
China's exports of clean marine fuels rose in December to a record since shipments began a year ago, taking 2020 exports of the ship fuel to 15.45 million tonnes, customs data showed on January 20, 2021.Chinese oil refineries began exporting very low-sulphur fuel oil (VLSFO) in January to comply with emission rules set by the International Maritime Organization (IMO), after Beijing granted tax incentives to boost production and help create a regional bunkering hub. In Decemberā¦
