Opinion

IMO 2020 and the rocky road to full compliance

Are shippers and refiners prepared for IMO 2020?

With less than a year to go until the new regulations from the International Maritime Organisation (IMO) kick in, how prepared is the industry and what are the potential stumbling blocks? We've been fielding questions from our customers on everything from compliance rates and coping strategies, to the potential responses of refiners. There has also been keen interest in what this could mean for trade flows, pricing dynamics and the storage infrastructure in Singapore, which is currently the world's largest bunkering hub.

Fill in the form to access a series of audio updates from our experts, Alan Gelder, VP Refining, Chemicals & Oil Markets and Sushant Gupta, Research Director for Asia Refining. The duo tackle some of the industry's burning questions on the subject. Their insightful answers include our view on the availability and pricing of the new fuel oil grade, VLSFO. There are also various options available to both shippers and refiners when it comes to implementing IMO 2020 on 1st January 2020. 

What could full compliance mean for the industry, and the knock on effects such as pricing for air travel? Does the refining industry have enough spare upgrading capacity to clear the entire HSFO freed up from the bunker market? And what options are available for shippers to cope with this new regulation? Will there be light at the end of the tunnel for refiners?

Find out more by completing the form on top of the page to access the audio.

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Your IMO 2020 Insights hub

How will IMO 2020 affect the crude market and fuel prices? Who will be affected and what does this mean for your business?

The IMO 2020 Insights hub provides you with latest and thought-provoking insights to understand how IMO standards will affect fuel markets and evaluate potential new opportunities. Our trusted market intelligence across sectors, proprietary tools and expert analysis helps you plan and strategise for a post-IMO 2020 reality.

Get the latest news and analysis here

  • 1 January 2020

    When IMO 2020 comes into force

  • 80%

    The total required reduction of sulphur

  • 3.5 wt%

    Current maximum fuel oil sulphur limit

  • 0.5 wt%

    New maximum fuel oil sulphur limit