IMO 2020 and the rocky road to full compliance
1 minute read
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.