Glencore starts low sulfur bunker supply in Singapore: sources
8th April 2021 09:15 GMT

Glencore has started low sulfur bunker supply in Singapore, thus adding the IMO-compliant marine grade to its portfolio of high sulfur bunker fuel, where the company has been a dominant supplier in the city-state since the IMO 2020 mandate came into place, sources said.

The company has already started deliveries using two low sulfur fuel oil barges, which it previously had used to supply high sulfur bunker fuel, a Singapore-based trader familiar with the matter said.

A Zurich-based company spokesman declined to comment.

Glencore's move to include low sulfur bunker supply comes amid progressively higher sales of the erstwhile mainstay high sulfur bunker fuel that the world's largest ship refueling destination has been witnessing over the course of 2020.

High sulfur bunker fuel accounts for a fourth, while low sulfur marine fuel constitutes two-thirds of total bunker sales in Singapore.

"It's not a first for Glencore ... it did supply [low sulfur bunker] for a couple of months or so early last year before deciding to be more focused on high sulfur," a source close to the company said.

Platts ,
8th April 2021 09:15 GMT