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Marine emissions: The IMO says 2020, where do you stand?

The IMO 2020 regulation will implement a global sulphur cap of 0.5 wt% for marine fuels. We take a look at the implications for refiners.

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Written by: Stephen George, Chief Economist, KBC

The October 2016 decision by the International Maritime Organization (IMO) to implement strict sulphur emissions from 2020 will transform the shipping industry and bunker fuel markets in the longer term, though it signals uncertainty and some big swings in price relationships for crude oil and refined products as we near 2020.

In this paper, we look at the forthcoming transition and some implication

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