The shipping and bunker sectors spent years in preparation for the historic changes imposed by the International Maritime Organization’s global low sulfur mandate, IMO 2020.
But no sooner did the new rules kick in than market participants had to urgently confront a collapse in crude oil prices and obstructed tradeflows, as the world was gripped by the deadly effects of the coronavirus pandemic, and lockdowns and social distancing became the new norm.
“IMO 2020 has got lost somewhere. But that’s...
https://blogs.platts.com/2020/05/12/shipping-bunkers-coronavirus-trade-imo-2020/