Enter The New Age Of Shipping Fuel
From New Year's Day onwards, a 0.5% sulphur cap (or 500ppm) in fuel will be imposed globally, part of the International Maritime Organization's aim to reduce greenhouse gas emissions from ships by 50% through 2050. In 2008, the IMO set the global upper limit for sulphur in shipping fuels at 3.5% ...Changes to China's Tax Treatment of Fuel Oil Shakes Up Bunker Market
IMO 2020 leads to important changes in the bunker, fuel oil, and refining sectors in China that could bring about tax changes as China eyes new opportunity The IMO specification change will limit Sulphur content in ships' fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a la ...Coming Changes in Marine Fuel Sulfur Limits Will Affect Global Oil Markets
For the next two weeks (December 17–December 31), Today in Energy will feature a selection of our favorite articles from 2018. New articles will resume on January 2, 2019. Source: U.S. Energy Information Administration, based on International Maritime Organization (IMO) International re ...
S&P Global Platts Analytics Spotlight IMO 2020 now on U.S. administration's radar but that is unlikely to delay implementation Despite recent reports that the Trump administration is seeking to delay/ease the rollout of tighter global bunker fuel specifications set to go into effect on Janu ...
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