GIBSON WEEKLY TANKER MARKET REPORT
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Fuel Flows
"Weekly Tanker Market Report2020 was always going to create a more complex fuel oil market as trade flows shiftedand new grades emerged.The first and most obvious impact was a collapse in the volumes of high sulphur fuel oil (HSFO)flowing from West to East -a trend which emerged from the second quarter of 2019. Trade in low sulphur fuel oil (LSFO)then gradually began to rise from Q2 2019 as traders/suppliers sought to gradually build stocks ahead of 2020. However, total volumes (irrespective ofsulphurcontent) have not recovered to the levels seen in 2018, with lower arbitrage flows impacting on long haul tanker movements"....
http://www.gibsons.co.uk/files/958.pdf
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