Over the course of the past couple of months, there have been news of mass installations of scrubbers on board entire company fleets, ranging from tankers, to dry bulk carriers and container ships.
Maersk Oil Trading has leased oil storage space in Singapore, indicating a push into the Asian bunkering hub, especially as we get near to the 2020 sulphur cap.
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule
With just over a year until the new marine fuel regulations are put in place, ship owners are heavily investing in scrubbers, while others are still facing dilemmas, regarding their future plans to comply with these regulations.
In its latest annual report on the world's oil market outlook, OPEC has lowered its prediction for non-compliance with the IMO 2020 fuel sulfur content regulation.
The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulphur in marine fuel in 2020, officials with the UN’s shipping agency said on Tuesday.
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes
