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.

Get In Touch

Subscribe

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×