According to the Shanghai bourse, the new futures contract, to be launched on June 22, will be traded at 10 tonnes per lot.

The INE, a subsidiary of the Shanghai Futures Exchange, said that the regular price limits of LSFO futures are at 5 percent from the previous trading session's settlement price and the minimum trading margin is 8 percent of the contract value.

The launch of LSFO futures will help with the risk management of companies in the industry and will build a "low-carbon, safe and highly efficient energy system," the Shanghai Futures Exchange said.

Maritime Business World