oil

Could IMO 2020 sulfur cap be subject to law of unintended consequences?

The International Maritime Organization’s 2020 global 0.5% marine sulfur cap is an act of stewardship to protect the planet and human health for generations to come, but the supply and demand imbalances created by the cap encapsulate the law of unintended consequences.

The new sulfur cap is expected to displace around 3 million b/d of high sulfur fuel oil, according to S&P Global Platts Analytics. While the 2020 sulfur cap will endeavor to protect the marine environment and human health in an...

http://blogs.platts.com/2018/09/12/imo-2020-sulfur-cap/

Asia bunkering industry preparing for IMO 2020 sulfur deadline: Fuel for Thought

From Cosco in China to Posco in South Korea, Asian companies are pouring in millions of dollars to upgrade their shipping fleets as the International Maritime Organization’s deadline for cleaner bunker fuels inches closer.

With less than 16 months remaining, the global shipping industry is setting aside about $60 billion to obtain the right infrastructure in order to embrace cleaner shipping fuel.

The IMO’s global fuel sulfur cap is set to drop from 3.5% to 0.5% at the start of 2020, forcing...

http://blogs.platts.com/2018/09/10/asia-bunker-industry-imo-2020-sulfur-deadline/

Uncertainty looms over marine fuel sulfur limit: Fuel for Thought

In about 20 months, the shipping industry is going to start burning a fuel that today they know next to nothing about.

The International Maritime Organization has set a January 2020 deadline for a new 0.5% sulfur limit on marine fuels. The move is poised to force most shipowners to switch from burning residual fuel oil to a new, unfamiliar, less-sulfurous product.

A study by CE Delft, commissioned by the IMO in 2016 before it decided to cap the sulfur limit, shows demand for less-than 0.5% sulfur...

http://blogs.platts.com/2018/04/02/uncertainty-looms-marine-fuel-sulfur-limit/

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