According to the state-run Indian Oil Corporation (IOC), IMO2020 grade VLSFO could be available in India as early as October, reports Ship & Bunker.
Demand from East and West coast
IOC Chairman, Sanjiv Singh said they are ready with supplying lower sulphur bunker fuel. He added, “We get a lot of demand from East and West coast. We will start feeding the fuel by October or SO.”
New fuel supply for the switch
Singh says IOC will be able to supply one million tonnes of bunker fuel.
Most of the production will take place at IOC’s refinery in Gujarat. A small amount of additional production to take place at its Haldia Refinery.
With the global 0.50% sulfur cap for bunkers coming into force from January 1, 2020, most markets are expected to begin supply of IMO 2020 specific grades when ships will begin to make the switch to the new fuels in Q4 of this year.
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Source: Ship&Bunker
