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HSFO bunker demand to more than halve after 2020

The largest chunk of HSFO demand for use as marine fuel will come from ships with pre-installed exhaust gas scrubbers. Ships that refuse to comply with the IMO 2020 red tape will also account for a sizeable percentage of HSFO use as marine fuel

The forecast of a more than halving of demand is based on 90-95% compliance with IMO 2020, which will undermine the relevance of HSFO in the bunker market

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