BIMCO position statement 09: Control of Fuel Oil Quality and Derived Pollution
18 May 2022BIMCO's position has been approved by the BIMCO Board of Directors.
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BIMCO's position has been approved by the BIMCO Board of Directors.
One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020. In particular, a lot of discussions have been focused on scrubbers. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Angus Frew, current Secretary General & CEO of BIMCO, will extend his tenure by one month until the end of September 2020.
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.