Ship Fuel Exports

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    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China has cleared a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to increase output. However, Beijing may initially curb shipments to focus on growing its coastal marine fuel market, state refiner delegates say. Ships globally have switched to lower sulfur fuels or use emissions-eradicating devices, to adjust to new rules made by the…

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