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01 Jun 2020 | 15:35 UTC
Unprecedented times hit the marine fuel market as coronavirus casts a shadow over demand, bucking many expectations for the year that IMO 2020's sulfur cap on marine fuels took effect.
Concerns over limited supply and price spikes for 0.5% sulfur marine fuel are now a distant memory as the market turns to grapple with muted demand and rising inventories instead.
Related interview: Bunkers market will remain spot-driven: BIMCO