12OCT2018 - NEWS - United States seen as big winner from IMO’s 2020 fuel regulation

The United States is set to be the big winner from new marine fuel rules, trading house Gunvor Group predicted on Wednesday, while rival merchants said the world would not face a shortage of distillates as a result of new rules to cut pollution. The UN’s International Maritime Organisation (IMO) has set new rules that will ban ships from using fuels with a sulphur content above 0.5 percent from 2020, compared with 3.5 percent now, unless they are equipped with so-called scrubbers to clean up sulphur emissions. The industry has been expecting a sharp rise in demand for cleaner distillates, mainly diesel, at the expense of fuel oil that would become largely redundant.

Published by Editor - www.Livebunkers.com at 12-Oct-2018 05:55:40 [UTC] , contact editor at editor@livebunkers.com