New supply chains for merchant ships coming up due to UN mandated fuel changes effective Jan 2020. Singapore largest fueling stop. Isn't hussein going to Singapore?
"As the old ship fuel’s trading norms change, fresh supply chains are meanwhile being forged for the new, cleaner alternatives. A flotilla of supertankers has built up off the coast of Singapore and Malaysia, holding about 4 million tons of IMO 2020-compliant fuel oil, according to Kpler. The supplies are from as far afield as Europe, Australia and Brazil.
People are placing their bets that it will go up in value and they can sell for more in the future, said Welch. “Traders are getting ready to do what they do best.”
Most shippers will be choosing between two main types of clean fuel to comply with the IMO’s rule, with the most prevalent likely to be a product known as very low-sulfur fuel oil, or VLSFO.
Global HSFO cracks plunge as deadline approaches
This new product will mostly be shipped from Europe to Singapore, with local producers in Japan and Korea further boosting supplies. Brazil will also likely send the product to Asia, according to Welch. The country’s November fuel oil exports were the highest since July 2006."
https://gcaptain.com/fuel-trading-routes-revamped-as-imo-2020-dynamics-take-hold/