02JUL2019 - NEWS - Cosco raises concerns over low-sulfur supply

Meeting demand for fuel compliant with the International Maritime Organization’s (IMO's) sulfur fuel cap that will go into effect Jan. 1, 2020 continues to keep the industry on edge. According to Xu Lirong, chairman of China Cosco Shipping Corporation, only one-third of the low-sulfur fuel demand will be met by fuel with a 0.5 percent sulfur content in the early part of 2020. The remaining two-thirds of fuel needs will be met using more expensive light oil with a 0.1 percent sulfur content.