The number of tankers floating around the Singapore Strait have seen a steady decline in recent weeks as low sulfur material gets moved to landed storage to meet rising demand for IMO 2020-compliant marine fuel, market sources said. Several vessels that had been storing low sulfur fuel for weeks around Singapore have moved out in recent weeks after offloading their cargoes, according to sources and cFlow, S&P Global Platts trade-flow software. These include three Suezmax vessels — Nordic Sirius, Nordic Apollo and Nordic Castor — and five VLCCs — E Mei San, Ceres I, Duna, Seaways Mulan and Silvana III. Much of their product has either been moved to landed storage or sold to end-user vessels that have started using low sulfur fuel ahead of the IMO 2020 regulations. An estimated 5-6 million mt of low sulfur […]