More change ahead for the shipping sector
An unwinding of some Covid-related effects might challenge VLSFO’s initial IMO 2020 win
It is easy to overlook, amid the fallout from and response to Covid-19, the seismic shift that fundamentally altered the global bunker industry over the last year. At the beginning of January, the permissible sulphur content of marine fuels was lowered from 3.5pc to 0.5pc, a seemingly small regulatory change with lasting implications across multiple industries. IMO 2020, as the regulation is known, has forever transformed the global bunker market, although many of the more dire expectations surrounding the regulation have been temporarily blunted by the market reaction to Covid-19. One year after its rollout, the bunker market remains in a precarious position. The new sulphur standard has s
Also in this section
8 April 2025
Oil’s resilience and gas’ growth will continue to define the global energy mix into 2050, according to Petroleum Economist analysis, but that does not have to spell doom and gloom for sustainability
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
7 April 2025
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
4 April 2025
With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market
