On October 2016, the International Maritime Organization (IMO) enacted a new regulation for sulphur content in marine fuels requiring sulphur content to be reduced from 3.5% to 0.5%. The implementation date for this change is effective January 1, 2020.
The global marine fuel industry is less than nine months away from the IMO sulphur cap. As shipowners and refiners prepare to meet this regulation, referred to colloquially as “IMO 2020,” ancillary markets will begin to experience an impact.
With lower-sulphur fuel required for marine uses, how will jet fuel supply and demand change?
Our latest white paper explores this connection in detail.