Marine fuel price spreads widen ahead of 2020 cap on sulphur content

Singapore

MARINE fuel price spreads have moved significantly, just one sign of the rough ride facing ship owners and refiners in the months leading to the implementation of a green shipping regulation.

In October 2016, the International Maritime Organization (IMO) announced its decision to stick to its plan to enforce by 2020 a global cap limiting sulphur content in marine fuels to 0.5 per cent, down from 3.5 per cent previously.