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China to gain marine diesel demand at expense of Singapore

As China targets a cut in pollution from shipping ahead of a 0.5% sulphur cap by the International Maritime Organization, its refiners are set to gain while consumers and industries such as power plants and steel-makers will bear the brunt of higher fuel costs

Wood Mackenzie estimates a 100,000 bpd switch from high sulphur fuel oil to marine diesel on inland waterways

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