IMO 2020 to beckon in a new reality
The new regulations are poised to change shipping markets forever. Some participants may handle the new regulatory environment better than others
IMO 2020 will radically change shipping market supply/demand dynamics. The basis of the new regulations is simple–to reduce sulphur emissions by tightening the requirements around allowable fuels any given seagoing vessel can burn. In technical terms, this means cutting sulphur content to 0.5pc, down from 3.5pc at present. High sulphur fuel oil (HSFO) demand will, in part, be forced to shift towards cleaner alternatives, namely marine gasoil and low sulphur fuel oil (LSFO). LNG is also an option, albeit uptake will be limited. Advantage West Africa A barrel of crude oil is associated with a wide variety of classifications that can range from light-sweet (thin, low sulphur) to heavy-sour (d
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
