November 21, 2019

Chart of the day: Bunker Fuel Prices

by Tajinder Dhillon.

The International Maritime Organization (IMO), which sets standards for marine fuel, will establish on Jan. 1 a new regulation that will significantly impact the shipping industry. Ships operating in non-emission-controlled areas will be required to reduce the sulphur content in marine fuel to 0.5% from 3.5% by weight. This is the second time in the last seven years that the sulphur cap has been reduced, the first being in 2012 when limits were reduced to 3.5% from 4.5%.

For a full report on the impact to fuel prices, please click here.

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