The Gulf Intelligence
Exclusive: Taiwan president says phone call with Trump can take place again ... Trump tells Canada, Mexico, he won't terminate NAFTA treaty yet: White House ... Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans ... Israel strikes Iran-supplied arms depot near Damascus airport ... China welcomes U.S. saying it's open to talks on North Korea ... Ford first quarter profit beats estimates, reiterates 2017 profit outlook ... Asylum-seekers fleeing U.S. may find cold comfort in Canada’s courts ... Difficult legal path forward for Trump in sanctuary cities case ... Le Pen, Macron spar as French presidential race narrows slightly ... Arkansas plans fourth execution in about a week ...
Where am I? bullet

Bunker industry headwinds continue ahead of 2020

By:S&P Global Platts

With the first quarter of 2017 over, the slew of problems facing the bunker industry shows no sign of diminishing. Consolidation among both shipowners and fuel suppliers, tightening credit conditions and shifting demand are all adding to the threat posed by tougher environmental regulations due to be introduced in the years ahead.

More emissions regulation to follow IMO sulfur cap

The biggest shock for the industry to absorb is the decision by the International Maritime Organization in October to cut the global marine fuel sulfur content limit to 0.5% from the start of 2020 from 3.5%. While the decision itself was not a surprise to most, the problem is the lack of clarity about what happens next.

The lower sulfur limit will force shipowners to fit emissions-cleaning scrubbers to their vessels, to ignore the regulations entirely or — likely the most popular option at first — to switch to burning a fuel with a lower sulfur content.



Last Update: 05/04/2017

Post a Comment:

Comment Title