"We added the Istanbul Annex due to special procedures in case of cancellation and untaken orders by buyers," the official said.

"Have you seen how polluting ships are? We need to prevent that," Timmermans said.

"I expect we will see increasing supply of VLSFO during October, November and December in most markets," Einemo said.

"It is up to the owners of the tankers to resolve the issue," Gyetvay said.

Focus should be on emissions and, by proxy, power, BIMCO said.

Plenty of VLCCs retrofitted with scrubbers are being offered at a discount.

"It is a bull factor for the LR1s," said a chartering source.

"Domestic shipping will start complying as soon as the low sulfur fuel is available," a shipping ministry official said.