Indications received by Ship & Bunker on Monday morning generally showed price rises in the $40-50s/mt for VLSFO.
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A proposed biofuel clause for time charter parties was not adopted after concerns were raised over regulatory uncertainty and operational impacts.
The move expands the remit of its recently established China Desk as it looks to strengthen its presence across key Asian bunkering and trading markets, the company told Ship & Bunker.
