15MAR2019 - NEWS - ExxonMobil of USA eyes bunker fuel business expansion as IMO 2020 deadline looms

As the shipping world scrambles to get ready for the International Maritime Organization's IMO 2020 ruling, oil major ExxonMobil's marine fuels outfit is "digging deep" to be at the forefront of the emerging low sulfur market. The IMO, a United Nations' body responsible for the safety and environmental performance of the shipping sector, has ruled that from January 1, 2020, marine sector emissions in international waters be slashed to reduce sulfur emissions by over 80%, which can be achieved by switching to lower sulfur fuels.

Published by Editor - www.Livebunkers.com at 15-Mar-2019 05:05:34 [UTC] , contact editor at editor@livebunkers.com