Asia’s fuel oil trade nearly halved in 2020 due to COVID and rule changes | Hellenic Shipping News Worldwide

Trading volumes in Asia for fuel oil, a key shipping fuel, nearly halved in 2020 to the lowest levels in at least five years as stricter emission rules for marine fuel altered trade patterns and as the COVID-19 pandemic hurt demand. The drop in trade volumes during S&P Global Platts’ price assessm...