What will the regulations mean for users and makers of marinefuel?
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Denmark's OW Bunker had been the largest marinefuel supplier in the world.
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The trader ships about half its Venezuelan imports into China's booming domestic marinefuel market.
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Hence, tightening up the regional supply of the cleaner marinefuel, a Singapore-based middle distillates trader said.
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Chemoil Energy is a Singapore-listed marinefuel supplier in which Glencore International Plc has a controlling stake.
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Mercuria was a stalking horse bidder for marinefuel logistics firm Aegean during its Chapter 11 process.
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It's way too easy, him being there, his access to marinefuel, the state trying to roust me.
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However, its marinefuel costs rose in tandem with increases in global oil prices over the year, it added.
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Robust demand for marinefuel in the key bunkering ports of Fujairah and Singapore continued to soak up barrels.
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If strictly implemented the move would force oil suppliers to increase the supply of cleaner marinefuel, industry experts said.
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The appointment is contingent on Singapore-listed Chemoil's successful acquisition of the marinefuel business of energy brokerage Oceanconnect, it added.
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It is the third-largest marinefuel supplier by volume in Singapore, which is the largest bunkering port in the world.
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Instead, she said last year's expenditures were high because of work the group did around a policy for cleaner marinefuel.
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However, upcoming regulations on marinefuel will likely bring some support to the overall margins for middle distillate gasoil, market watchers said.
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Fuel oil shipments from Iran to Singapore, the world's top marinefuel hub by volume, have already fallen due to Western sanctions.
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For business, the Company offers fuels, such as Z Diesel Emission Cleaner, diesel, aviation fuel, marinefuel and Z Bio D biodiesel.