Assertion: low sulfur fuel oil | /r/HasProperty | vlsfo
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text: A wide range of very low sulfur fuel oil (VLSFO) blends currently trade in the marketplace, and concerns related to bunker fuel specifications have also been prompted by several incidences in ports around the world involving vessels with off-specification sediment levels of VLSFO.
text: German shipping company Hapag-Lloyd will deploy the world's first dual-fuel vessel by the year-end, retrofitted to use very low sulfur fuel oil (VLSFO) and LNG, a spokesperson at the company told OPIS Wednesday.
text: The payback time for adding scrubbing technology to a very large crude carrier (VLCC) will widen to around two years with a spread between high-sulfur fuel oil (HSFO) and very-low-sulfur fuel oil (VLSFO) of around $70/metric ton, according to IHS Markit analysis.
text: Wider usage for high sulfur fuel oil (HSFO) relative to very low sulfur fuel oil (VLSFO) has pushed refiners to cut runs at their vacuum residue desulfurization (VRDS) units, some of which were built specifically to leverage on an expected demand surge due to the IMO 2020 mandate, industry sources said.
text: Shippers eager to lock in on very-low-sulfur fuel oil (VLSFO, 0.5%S) for 2020 looking to avoid what was initially thought to be in tight supply and of questionable specifications may be missing out on cheap fuel with the decline in the petroleum complex.
text: We saw more demand and enquiries for IMO compliant fuels in January as owners feared there were not enough supply of very low sulfur fuel oil (VLSFO) also known as 0.5% sulfur LSFO," said Vignesh M, bunker trader at Ocean Energy Supply Singapore.
text: A U.S. supplier and a European trader may have placed vessels on subjects to ship back very low sulfur fuel oil (VLSFO) from Zhoushan to Singapore as demand for bunker fuel in Zhoushan could suffer due to these operational issues, according to analysts.
text: Tankers and cargo ships were still having trouble getting very-low-sulfur fuel oil (VLSFO) in certain ports and areas around the world, according to fuel oil non-availability reports filed with the International Maritime Organization (IMO).
text: Chinese refiners have traditionally stayed away from the marine bunker business because of hefty taxes, and more recently used imported 0.5% very low sulfur fuel oil (VLSFO) to meet shipping industry needs for cleaner burning fuels.
text: But some analysts expect this tax will also be removed on sales of very low sulfur fuel oil (VLSFO) along with the VAT rebate.
text: China is not short of spare capacity for it to raise production of low-sulfur bunker fuels, including low-sulfur marine gasoil (LSMGO) and very low-sulfur fuel oil (VLSFO), and the government's long-awaited decision to rebate taxes on fuel oil exports is likely to remove one of the biggest obstacle for eligible companies to directly supply China's own international bunker market instead of importing from Singapore," Fenglei Shi, Associate Director of China Oil Markets, at IHSMarkit, said.