The Impact of Changing Bunker Fuel Specifications
IMO 2020: The Impact of Changing Bunker Fuel Specifications
In November of 2016, the International Maritime Organization (IMO) announced that the newest step in the evolution of MARPOL Annex VI will come into effect January 1, 2020. The hard start date ushers in a new international law with the objective of reducing the sulfur content of marine fuel (bunker fuel) worldwide. Bunker fuel accounts for only about 4% of global oil demand; however, its use accounts for about 40% of the world’s sulfur emissions.
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