A Conference on IMO 2020 Impact Shows How Many Questions Remain as New Rule Approaches

October 24, 2019

In a room full of people who will be more deeply affected by the upcoming IMO 2020 rule than just about anybody else in the global economy, the speakers and audience at a Miami conference had few definitive answers on how markets will play out when the new rule goes into effect January 1.

The Argus Fuel Oil conference, produced by commodity data and news publisher Argus Media, theoretically focused on all uses of fuel oil. But there’s only one issue for this crowd – the IMO 2020 rule that will require that marine fuels meet a new sulfur specification globally of 0.5% after being limited to the 3.5% sulfur level found in high sulfur fuel oil (HSFO).

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Source: https://www.freightwaves.com/american-shipper