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Asia Pacific Tankers and Gas Containers

Tax rebate to make China a self-sufficient nation for low-sulphur fuel

Singapore’s bunker market will largely be unaffected by the new tax regime in China until Beijing allows the country to export its very low sulphur fuel oil to foreign markets

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With the tax removal, China’s domestic production of very low sulphur fuel oil is expected to top 15m tonnes this year, enabling China to become a self-sufficient market in providing the compliant fuel for IMO’s sulphur cap, said a Chinese oil major executive

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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