02MAY2019 - NEWS - Industry’s preparations for IMO 2020 rule shows ‘significant progress’ – ExxonMobil

With less than nine months to go before the International Maritime Organization’s global sulfur limit rule for marine fuels kicks in, the industry is making ‘significant progress’ to prepare for it, ExxonMobil’s marine fuels venture manager Luca Volta said recently.

On the supply side, there have been a number of announcements from both international as well as state oil companies about the availability of 0.50% sulfur compliant bunker fuels.

Some ports are also offering more clarity to shipowners about the availability of the different types of fuels as 2020 heralds a multi-fuel future, where VLSFO, MGO, ULSFO, distillates, residual fuels with abatement technology, and alternatives such as LNG are all going to play a part to ensure compliance with the 2020 rule.

Published by Editor - www.Livebunkers.com at 02-May-2019 04:53:55 [UTC] , contact editor at editor@livebunkers.com