Global bunker fuel costs could rise by up to $60bn annually from 2020 when the IMO’s sulphur cap for bunker fuels kicks in, says Wood Mackenzie
With the implementation of the IMO regulation in 2020, shipowners will have to consider a switch to alternative fuels, such as ultra low sulphur fuel oil (ULSFO) or marine gas oil (MGO), or install scrubbers, says the UK-based consultancy.
