Ocean Tankers has emerged as the top player in floating oil storage off the Malaysian coast, with at least eight of its VLCCs being used to store low-sulphur fuel oil (LSFO) ahead of IMO 2020.
According to data from Kpler and VesselsValue, the shipping arm of Singaporean trading house Hin Leong has deployed eight VLCCs to stockpile IMO-compliant LSFO and blending components and one to store an unspecified grade of fuel oil.
