Shipping reports showed Hanwha Total chartering the Suezmax Ice Transporter to load a condensate cargo from Ras Tanura around July 25.

"We are aiming to supply about 200,000 mt of LSFO per month next year," a Sinopec official told Platts.

"The fuel oil desk in Sri Lanka was set up last week," the official told S&P Global Platts.

Perassolo previously worked as a fuel oil trader at Totsa.

The purchase comes on top of the 28 scrubbers already on order by Scorpio Bulkers, as announced December 2018.

"Our new VLSFO will be produced in our Schwechat and Petrobrazi refineries," OMV said.

"The Phillips 66 Alliance Refinery is preparing a safe and orderly shutdown of the facility," said Phillips 66 spokesman Dennis Nuss.