2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

29 Aug 2017   Climate

On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% mass by mass (m/m) to 0.50% m/m (35,000 ppm to 5,000 ppm)—five years earlier than many expected. ( Earlier post .) The IMO fuel sulfur content regulation will have a significant global impact on both the refining and the shipping industries. Owing to uncertainty around the implementation date and the ultimate level of compliance, neither the global refining nor shipping industries have as yet made the necessary investments to comply fully with the IMO rules. As a result, both industries will experience rapid change and significant cost […]

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