Related Articles
Forward article link
Share PDF with colleagues

More change ahead for the shipping sector

An unwinding of some Covid-related effects might challenge VLSFO’s initial IMO 2020 win

It is easy to overlook, amid the fallout from and response to Covid-19, the seismic shift that fundamentally altered the global bunker industry over the last year. At the beginning of January, the permissible sulphur content of marine fuels was lowered from 3.5pc to 0.5pc, a seemingly small regulatory change with lasting implications across multiple industries. IMO 2020, as the regulation is known, has forever transformed the global bunker market, although many of the more dire expectations surrounding the regulation have been temporarily blunted by the market reaction to Covid-19. One year after its rollout, the bunker market remains in a precarious position. The new sulphur standard has

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from South America: Bolivia's shrinking gas role
21 January 2022
Declining production and cheaper LNG threaten the country’s role as gas supplier to its neighbours
US LNG eases European storage crisis
20 January 2022
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Wintershall Dea quits Brazil, Argentine shale
20 January 2022
The German independent is overhauling its Latin American portfolio
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video